shopify stats

EUR/USD Analysis and Forecast 1.3210 to 1.3250 for 26 August 2014

August 26, 2014 10:30 am

Yesterday EUR/USD currency pair opened at 1.3194 with gap 46 pips of euro crisis, due to this gap EUR/USD in strong bearish mode and some other forecast of events euro going weaker and other than US Dollar going also weaker due to low numbers of New Home Sales event. But this currency pair not move as per our predictions,
may be this pair not move due to large downward opening gap, otherwise all analysts predict that this currency pair move downward direction near the support level at 1.3150.

Today Overview:

We are predicting that this currency pair move upward direction from 1.3205 to 1.3245. US Dollar have some fundamental events and as per forecast today dollar may be going weaker at the time of event results. today euro not have any event. Technically we are predicting that as per 200MA this pair move upward direction near resistance level at 1.3260 and already EUR/USD pair in oversold so in this condition technically buy is best and 1.3178 low point for the year 2014.

Recommendations:

Today Buy trade is best, because as per our prediction fundamental and technical analysis shows that this pair have upward trend and suitable trade for this pair is buy entry point 1.3210. Please remember we are prefer 20 pips. GOOD LUCK…

Tags:

Comments are closed