 |
| EUR/USD |
The
trend of EUR/USD is majorly bearish, but the pair is not sustaining at
lower levels, we can expect a short term recovery in the currency pair for next
few trading sessions. Today if the pair breaks the important level of
1.1365 at upside then we can expect it to test the level of
1.1395/1.1430. Prices are taking support of 30 SMA & can come up to
test the falling trendline.
RSI
is also sustaining in buying territory supporting the ongoing trend.
MACD line is to break the zero line,indicating the up trend in the
market.
 |
| Technical Chart |
Trading Strategy :-
EUR/USD is not sustaining at lower level & looking bullish on
charts. One can go long on dips strategy for this pair for intra day
to mid term positions.
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