The goals are achieved!
Yesterday against the background of remarkable news across the USA the pair reached a long-awaited level of support 1,1200, nevertheless the unresolved question with Greece puts pressure upon the European currency. Today is rich in the news across both Europe and America which, most likely, will continue to press on pair and it will continue the descending movement.
Main movement of the currency pair
EUR/USD pair moves in the descending trend, Tenkan and Kijun lines are bound above the price curve, the price is kept below the descending cloud, continuation of the descending movement is predicted. It is necessary to take selling positions below the level of resistance 1,1240, to fix profit at the levels of support 1,1200, 1,1175, 1,1140.
Alternative movement of the currency pair
If pair succeeds to break through and get fixed above the level of resistance 1,1240, continuation of the ascending movement to the following levels of resistance 1,1300, 1,1335 will be possible.
Level of resistance: 1,1240; 1,1300; 1,1335.
Level of support: 1,1200; 1,1175; 1,1140.
Yesterday against the background of remarkable news across the USA the pair reached a long-awaited level of support 1,1200, nevertheless the unresolved question with Greece puts pressure upon the European currency. Today is rich in the news across both Europe and America which, most likely, will continue to press on pair and it will continue the descending movement.
Main movement of the currency pair
EUR/USD pair moves in the descending trend, Tenkan and Kijun lines are bound above the price curve, the price is kept below the descending cloud, continuation of the descending movement is predicted. It is necessary to take selling positions below the level of resistance 1,1240, to fix profit at the levels of support 1,1200, 1,1175, 1,1140.
Alternative movement of the currency pair
If pair succeeds to break through and get fixed above the level of resistance 1,1240, continuation of the ascending movement to the following levels of resistance 1,1300, 1,1335 will be possible.
Level of resistance: 1,1240; 1,1300; 1,1335.
Level of support: 1,1200; 1,1175; 1,1140.
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