The indeterminacy
Yesterday against data of CPI on Europe the pair EUR/USD reached a minimum 1,1395 that was predicted as this indicator remained without changes at the level of -0.6%. Further day was sated with speeches of heads, at first president of Federal Reserve System Janet Yellen, then head of European Central Bank Mario Draghi. The pair is smoothly passing to the descending trend, perhaps the level of support 1,1200 will be reached already today.
Main movement of currency pair
EUR/USD pair passed through the descending trend line, Tenkan and Kijun lines are bound below the price curve, the price is in the descending cloud, continuation of the descending movement is predicted. It is desirable to traders to take sell positions below the level of resistance 1,1356, to fix profit at the levels of support 1,1320, 1,1290, 1,1250.
Alternative movement of currency pair
If pair succeeds to break through and get fixed above the level of resistance 1,1356 , continuation of the ascending movement to the following levels of resistance 1,1390, 1,1420 will be possible.
Level of resistance: 1,1356; 1,1390; 1,1420.
Level of support: 1,1320; 1,1290; 1,1250.
Yesterday against data of CPI on Europe the pair EUR/USD reached a minimum 1,1395 that was predicted as this indicator remained without changes at the level of -0.6%. Further day was sated with speeches of heads, at first president of Federal Reserve System Janet Yellen, then head of European Central Bank Mario Draghi. The pair is smoothly passing to the descending trend, perhaps the level of support 1,1200 will be reached already today.
Main movement of currency pair
EUR/USD pair passed through the descending trend line, Tenkan and Kijun lines are bound below the price curve, the price is in the descending cloud, continuation of the descending movement is predicted. It is desirable to traders to take sell positions below the level of resistance 1,1356, to fix profit at the levels of support 1,1320, 1,1290, 1,1250.
Alternative movement of currency pair
If pair succeeds to break through and get fixed above the level of resistance 1,1356 , continuation of the ascending movement to the following levels of resistance 1,1390, 1,1420 will be possible.
Level of resistance: 1,1356; 1,1390; 1,1420.
Level of support: 1,1320; 1,1290; 1,1250.
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