Advertisement
advert
FxAllNews
main970 2

Forex Technical Outlook EURUSD 14.08.2017

14 August 2017 01:59 PM BDT
Forex Technical Outlook EURUSD 14.08.2017

EURUSD is holding bullish near term bias after Friday’s strong rally

The Euro is holding within tight range in early Monday’s trading, after strong rally on Friday, driven by weak US inflation numbers. Friday’s rally returned and closed above daily Tenkan sen (reverted to initial support at 1.1800), bringing daily technicals back to full bullish setup and suggesting further advance. Bullish and long tailed weekly candle is seen as another bullish signal. Break above Friday’s high at 1.1848 is needed to unlock next strong barrier at 1.1910 (top of broader uptrend, posted on 02 Aug) and re expose psychological 1.2000 barrier. Daily Tenkan sen is expected to ideally hold, while break lower would soften near term structure and risk retest of next pivotal support at 1.1748 (Friday’s low.

Res: 1.1846; 1.1889; 1.1910; 1.1950 Sup: 1.1800; 1.1748; 1.1732; 1.1689

Add Your Comment
Forex Forecast and Cryptocurrencies Forecast for April 08 - 12, 2019
Forex Forecast and Cryptocurrencies Forecast for April 08 - 12, 2019
Forex Forecast and Cryptocurrencies Forecast for February 11 - 15, 2019
Forex Forecast and Cryptocurrencies Forecast for February 11 - 15, 2019
Forex Forecast and Cryptocurrencies Forecast for February 04 - 08, 2019
Forex Forecast and Cryptocurrencies Forecast for February 04 - 08, 2019
Forex Forecast and Cryptocurrencies Forecast for January 28 - February 01, 2019
Forex Forecast and Cryptocurrencies Forecast for January 28 - February 01, 2019
Forex Forecast and Cryptocurrencies Forecast for January 21 - 25, 2019
Forex Forecast and Cryptocurrencies Forecast for January 21 - 25, 2019
Forex Forecast and Cryptocurrencies Forecast for January 14 - 18, 2019
Forex Forecast and Cryptocurrencies Forecast for January 14 - 18, 2019
Forex Forecast and Cryptocurrencies Forecast for January 7 - 11, 2019
Forex Forecast and Cryptocurrencies Forecast for January 7 - 11, 2019
Forex Forecast and Cryptocurrencies Forecast for January 7 - 11, 2019
Forex Forecast and Cryptocurrencies Forecast for January 7 - 11, 2019
Canada GDP expands in October, but inflation dips
Canada GDP expands in October, but inflation dips
Forex Forecast and Cryptocurrencies Forecast for December 10-14, 2018
Forex Forecast and Cryptocurrencies Forecast for December 10-14, 2018
Technical Reviews for Gold and Silver (December 2018)
Technical Reviews for Gold and Silver (December 2018)
Forex Forecast and Cryptocurrencies Forecast for December 03-07, 2018
Forex Forecast and Cryptocurrencies Forecast for December 03-07, 2018
Left 120x600
Right 160x2