For intraday trading session Euro FX USD future technical view is positive and leaves assume the up-trend continuation. Watch today closing.
Yesterday Euro FX USD future close was at 1.1138 (+0.53%). New bullish technical picture drawn on daily chart (high2 < high1, high1 < high, low2 < low1, low1 < low, close > close1, close1 > close2), we suggest to watch today closing. For intraday trading session the technical view is positive and leaves assume the up-trend continuation. However, we can’t exclude retracements towards the most significant support levels. The major oscillators confirm the upward trend.
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Simple Moving Average (SMA)
The price is below the 14 days moving average (SMA value is 1.1251). The short term view is therefore bearish, however for today trading session we can’t exclude retracements towards the most significant resistance levels.
Daily chart shows volume is higher than the previous day. This could be a sign of a significant move to come.
Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 29/06/2016.
Performance: 7 trading days= -1.38% – 15 trading days= -1.71% – 30 trading days= -0.62%
Resistance levels: R1= 1.1173 – R2= 1.1208 – R3= 1.1289
Pivot Point: 1.1127
Support levels: S1= 1.1092 – S2= 1.1046 – S3= 1.0965
Buying opportunity above 1.1151 targets minor resistance at 1.1193 and perhaps as far as strong resistance at 1.1224, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 1.1274.
Selling opportunity below 1.1120 targets minor support at 1.1082 and perhaps as far as strong support at 1.1052, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 1.1004.