Forex Technical Analysis EUR/USD 2012-06-19
- 2013-05-20
- 2013-05-10
- 2013-05-01
- 2013-04-23
- 2013-04-12
- 2013-04-04
- 2013-03-27
- 2013-03-19
- 2013-03-11
- 2013-02-25
- 2013-02-11
- 2013-01-31
- 2013-01-25
- 2013-01-22
- 2013-01-11
| Levels | Value |
| RES 3 | 1.2992 |
| RES 2 | 1.2752 |
| RES 1 | 1.2667 |
| SUP 1 | 1.2433 |
| SUP 2 | 1.2279 |
| SUP 3 | 1.2096 |
The Euro jumped up and found resistance at the level 1.2752 against the US dollar, afterwards it fell by more than 150 points in the yesterday’s trading session. Looking at the chart the Monday's falling candlestick is engulfing the previous one, creating a bearish engulfing pattern, however the short-term tentative uptrend line may hold for the time being. Furthermore, the SMA 10 has crossed the SMA 20 from below supporting the recent bounce up of the Euro. Possible negative violation of the uptrend line and the Moving Averages could drive prices to the support level 1.2433 and then to the recent low at 1.2279. On the upward side first resistance could be seen at 1.2667 which is the 38.2.% of the downward move from 1.3283 to 1.2279 and second resistance at 1.2752. Oscillators show the recent bounce up but no obvious signal can be derived, Stochastic is in the neutral zone, Momentum has no clear trend and MACD is negative heading towards zero.
