shopify stats

EUR/USD Analysis and Forecast 1.3155 to 1.3196 for 27 August 2014

August 27, 2014 9:54 am

Yesterday EUR/USD currency pair move downward due to improvements in Durable Goods Orders (MoM) and CB Consumer Confidence, because due to these event dollar strong. Yesterday our all analysts predict that this currency pair may be move upward direction as per technically anlaysis and forecast of fundamentals events, but at the time of events result dollar strong and this currency pair move downward due to above mentioned events.

Today Overview:

We are predicting that today EUR/USD pair may be move upward direction from support level 1.3155 to resistance level 1.3196, why we are predict this upward movement, because today not any important fundamental event for Euro and Dollar and today this pair move as per technically analysis accurately. Technically we are predicting that as per 100MA upward movements near at 1.3220/35 and 50MA at 1.3190 and this pair already in oversold condition, 1.3152 lowest point for the year 2014.

Recommendations:

Dear traders today we are expecting that this pair may be move upward direction 1.3155 to 1.3196, so buy is best because today not any important fundamental event, EUR/USD already in full strong oversold condition simply when market in this type of condition then technically buy trade best.

Tags:

Comments are closed