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EUR-USD Analysis 12-Jan-2015

eus_usd_20151201

On the first trading day of EUR-USD this week, bearish trades seem to be powerful. As seen in the 4 Hrs chart, it continues to go down below 34 periods of exponential moving average. Technically bearish trades expected below 1.1885 resistance. If the price continues to stay under this level, 1.1785 – 1.1750 level might be seen. For us to be more bearish, ithe price sould go down further 1.1750 support.

 

Pivot : 1,1885
SUPPORT : 1,1785-1,1750-1,1700
RESISTANCE : 1,1825-1,1855-1,1885

Legal Notice: This article is not a trading advice. 

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