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Analystics technical EUR - USD 09/05/2016

Analystics Technical Eur - USD 09/05/2016

EURUSD last week's experience with volatile price movements downside channel (Bearish) for 4 days in a row (since Tuesday, 5/3) until the closing of Long Ledge Doji New York Friday, 05.06. Bearish where the movement started since Tuesday, 03.05.2016 from 1.1530 level with a week intraday high level also in the same day at 1.1615 (03 // 05) to the New York close on Friday (05/06/2016) at the level of 1.1402 with Intraday low levels of the week at the level of 1.1384 (Thursday, 5/5). Range weekly the week yesterday by 231 pips (10 pips lower from previous weekly range 25/04/16 - 04/29/16 were as much as 241 pips). Fundamentally, watching the movement of the euro exchange rate in forex trading the European session on Friday (6/05) was observed to rise against the US dollar after three consecutive days experienced selling pressure. The weakening dollar going to respond to the attitude of some market participants are pessimistic about the NFP report



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Analystics technical EUR - USD 09/05/2016

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