EUR/USD is in а downtrend from 1.6039 (15 July 2008). Technical indicators are descending and trading is situated below the 50- and 200-Day SMA, currently projected at 1.5677 and 1.5227.
240 min. chart
Local bottom was reached at 1.4656 and consolidation is unfolding since, so it can challenge 1.4815 resistance before one more drownong to 1.4438. Intrady allow dip to 1.4702 before advancing towards 1.4815 resistance. Today's strategy: Stand aside.
18 August 2008 Current level - 110.23 The pair is still in the broad consolidation since 95.75 short-term bottom, aiming at 111.03. Trading is situated above the 50- and 200-day SMA, currently projected at 107.09 and 106.62.
240 min. chart
After peaking at 110.66, the pair is in a corrective phase, that will probably challenge 109.39 before one more attempt above 111.03. Intraday expect a break below 110.07 to aim at 109.39. Today's strategy: Stand aside.
The pair has finished the broad consolidation above 1.9338 and the general downtrend has been renewed, targeting levels below 1.85 . Trading is situated below the 50- and 200-day SMA, currently projected at 1.9752 and 1.9853.
180 min. chart
The rebound from 1.8512 was more powerfull than expected, and with the break above 1.8617 it certainly is a part of a bigger corrective pattern, that could possibly challenge 1.8789. Intraday expect sliding to 1.8573 as the second part of the mentioned consolidation unfolds, before one more leg upwards, to 1.8789. Today's strategy : Stand aside.
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