EUR/USD Daily technical analysis February 26, 2015


Continuation of a trend
Today during the European session there will be important news across Germany, further in the American session will also be published important news including IPT, and the finishing note will be performance of the member of FOMC Lockhart. On Wednesday special changes in the movement of couple weren't observed, trading was concentrated around the level 1,1350, now pair EUR/USD is in the top part of a corridor of the descending trend. For today the descending movement is predicted.

Main movement of currency pair
EUR/USD pair  is traded in the descending trend, Tenkan and Kijun lines are bound below the price curve, the price is kept above the descending cloud, after achievement of level of resistance 1,1376 continuation of the descending movement is predicted. It is desirable to take selling positions below the level of resistance 1,1376, to fix profit at the levels of support 1,1335, 1,1300, 1,1250.

Alternative movement of the currency pair
If pair succeeds to break through and get fixed above the level of resistance 1,1376, continuation of the ascending movement to the following levels of resistance 1,1400, 1,1440 will be possible.

Level of resistance: 1,1376; 1,1400; 1,1440.
Level of support: 1,1335; 1,1300; 1,1250.
EUR/USD,Daily Technical Analysis , 26 February 2015

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD steady below 1.0800 after US PCE meets expectations

EUR/USD steady below 1.0800 after US PCE meets expectations

EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, with the Greenback shedding some pips.  Fed Chair Jerome Powell set to speak ahead of the weekly close.

EUR/USD News

GBP/USD hovers around 1.2620 in dull trading

GBP/USD hovers around 1.2620 in dull trading

GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.

GBP/USD News

Gold price sits at all-time highs above $2,230

Gold price sits at all-time highs above $2,230

Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.

Gold News

Jito price could hit $6 as JTO coils up inside this bullish pattern

Jito price could hit $6 as JTO coils up inside this bullish pattern

Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.

Read more

Key events in developed markets next week

Key events in developed markets next week

Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.

Read more

Majors

Cryptocurrencies

Signatures