09 November 2015, EUR/USD
EURUSD Technical Analysis For 9th November 2015
Technical View:
EUR/USD is currently trading with a very slight Bullish bias. From the H4 chart, it is clear that, while the market fell like a brick, upward movements have been accompanied by weak bullish candles. Following the NFP results, the EUR markets fell significantly, and even...
Technical View:
EURUSD is currently trading with a bearish bias. The pair traded long for the better parts of Yesterday but could not close above a significant resistant level 1.10704, instead, the pair turned around from 1.10499 and is currently headed short. We will remain short in this pair as long as other positively correlated pairs such as EUR/HKD and...
The daily chart: Bears knocked the bottom Bollinger envelope, which may start an even stronger fall of the euro. However, properties of this setup allow correction to the area median band (1.1264), where we have an appropriate zone for medium-term sales towards 1.08
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Expectations:So, we wait for beginning of the upward correction to 1.1072,...
