Today EURUSD is under the influence of economic news such as FOMC Statement, the Federal Funds Rate, German 10-y Bond Auction and Capacity Utilization Rate, therefore high volatility is expected for today’s EURUSD chart. The price is consolidating with 1.1230 and 1.810 in the coming hours finding support at 1.1070 and 1.1020 with the resistance at 1.1130 and 1.1220.
The indicators are in positive area for now and MACD is indicating a price growth. The price is above the Ichimoku Cloud and the Chinkou Span. The Kijun-sen signals a horizontal movement while the Tenkan-sen shows a downward trend.
https://fxglory.com/technical-analysis-of-eurusd-dated-16-03-2016/
No comments:
Post a Comment