EURO/USD Currency pair Forex Technical Report for Tuesday, February 10 2015

EUR/USD

Trend:

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.

Get Forex Signals on your Phone Register Now

EUR/JPY Forex Trading Report as on Monday, February 09 2015

EUR/JPY

SUMMARY:

The major trend of EUR/JPY is bearish but from past 2-3 weeks prices are not sustaining at lower levels & consolidating near the important level of 135.50. Prices has given the breakout of falling trendline & sustaining above the breakout level successful y. Prices are taking support of 30 SMA & can come up to test 200 SMA. Today if the pair breaks the psychological level of 135.35 at upside then we can expect it to test the level of 136.15.

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. MACD line has recently break the zero line,indicating the up trend in the market.

Technical Chart

STRATEGY

EUR/JPY is looking bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.