EURUSD Technical Analysis 2015, 13.09 - 20.09: possible bullish breakout with ranging condition - page 2
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Forum on trading, automated trading systems and testing trading strategies
Press review
Sergey Golubev, 2015.09.18 14:01
Trade Ideas For EUR/USD - UBS (based on efxnews article)
From fundamental point of view
UBS made a forecast for EUR/USD based on fundamental news event which was yesterday:
"The overall reaction to the FOMC decision yesterday has been relatively muted considering this was one of the biggest events of the year. The market's focus can now shift elsewhere, and with concerns over China's economy and a lack of confidence from the Fed, equities should remain under pressure. The possibility of easing from the ECB in October should cap the upside in EURUSD."
From the technical point of view
Daily price is located above Ichimoku cloud for the primary bullish market condition with the secondary ranging between 1.1440 intermediate resistance level and 1.1131 intermediate support level. The key levels for the bearish or bullish trend to be continuing are the following: 1.1713 bullish resistance and 1.0924 bearish support. The price may be ranging within 1.1440/1.1131 or within 1.1713/1.0924 levels but the ranging market will be continuing until the price will break one of the bullish/bearish key s/r levels.