shopify stats

EUR/USD Analysis and Forecast 1.3174 to 1.3150/35 Range for 29 August 2014

August 29, 2014 10:03 am

Our yesterday prediction 100% accurate that EUR/USD currency pair move downward direction from resistance level 1.3212 to support level 1.3175/65 and with technically break support level as per 50MA (H1) to 1.3187 easily and as fundamental bases yesterday some low and medium importance event for both currencies, overall yesterday dollar strong and euro weak.

Today Overview:

We are expecting that EUR/USD currency pair move in more bearish direction from 1.3174 to support level 1.3150/35 and on technical bases  as per 200MA may be current price create more gap between it near 1.3145. Today some fundamentals events for both currency and we are predicted that may be this pair move near support level area 1.3150/35 due to economical weakness in euro zone and dollar already strong due to many other conditions and today dollar have medium importance events due to theses event may be dollar not more strong but due to euro zone weakness EUR/USD pair move downward.

Recommendations:

Today we are predicted that EUR/USD pair move more downward with some above mentioned conditions, so sell trade is best and in case this pair move upward direction then possible euro zone have strong numbers due to event announcement / result, because strong and weakness condition clear on news announcement, so we are quickly modified our Signals Session.

Tags:

Comments are closed