EUR/USD Daily technical analysis April 15, 2014


Forex Technical Analysis EUR/USD April 15, 2014

Main scenario of currency pair movement

The pair is being in flat, Tenkan and Kijun lines are bound above the price, as it was forecast the price has broken through the ascending cloud and is moving along the 1,3814 support level, the further descending movement is being expected. One should sell the pair below the 1,3814 support level, set take profit at the following levels - 1,3795, 1,3765.

Alternative scenario of currency pair movement

In a case if the pair does not manage to break through and get fixed below the 1,3814 support level, then the ascending movement from the 1,3828 resistance level till the following levels - 1,3856, 1,3873 is possible.

LEVELS

Resistance: 1,3828; 1,3856; 1,3873.

Support: 1,3814; 1,3795; 1,3765.  

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