FXHIGHWAY

 Breaking News


EURUSD






4/26/2016 3:13:59 AM

EURUSD tries to recover some losses - Technical Analysis - 26-04-2016



EURUSD rose in the intraday levels, as it tries to recover some of its past losses, with ongoing negative pressure from the SMA50, while being affected by breaching the main upward trend in the short term as shown in the attached chart, while noting a negative divergence forming in the Stochastic indicator as shown below the attached chart, raising the negative pressures on the coming trading.

Therefore we expect the pair to return lower in the coming trading, targeting the support of 1.1147.


Target
Risk


Support
Resistance


Trend Bearish

Logs

Advertisements