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| Technical Outlook for GBP-USD 21-7-2015 |
Eur/Usd pair moved yesterday in the average price movement of 61 Pips, it recorded the highest level at 1.0869 and the lowest at 1.0808 and closed at 1.0821 to Lose 11 Pips during Yesterday’s trading after yallen’s speech about increasing the interest rate this year.
The pair opened today at 1.0821 oscillatory between the 1.0810 and the 1.0834 levels during the Asian session in a trading average of 24 pips for the limitation of the market liquidity.
The pair is moving in a series of down corrective waves above the ascending trend line, and we saw the pair fall down to lows again to test the trend line.
It is expected that the pair Eur/Usd will reach the targeted level at 1.0770 in the next few hours.
The Relative Strength Indicator "RSI" reveals the distribution operations at the market and until
Now we are seeing the control of Bears on the market.
Medium term trend: Down
Support levels: 1.0796 and 1.0771 and 1.0735
Resistance levels: 1.0857 and 1.0893 and 1.0918
More Technical Outlook FxStations
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