Monday, 13 April 2015

EUR/USD Technical Analysis and Forex Signal for Monday, April 13 2015



EUR/USD

RECOMMENDATION : SELL TARGET 1.0460

SUMMARY:-

EUR/USD is primarily showing the bearish trend. In its hourly chart, prices are consolidating with strong negative bias. 30 & 200 DMA are also providing resistance to the prices & supporting the further downtrend. If it breaks the level of 1.0570 & sustains below it we can expect it to come down to the levels of 1.0500/1.0460 in next few days.


INDICATORS:-

RSI is sustaining near in selling territory, supporting the upcoming down trend in the pair.
In MACD
Prices are sustaining below the zero line ,supporting the down side movement in the market.

Technical Chart

STRATEGY:- 

EUR/USD is looking bearish on charts for next few session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.
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