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| Technical Outlook For Eur/Usd 26-8-2015 |
Eur/Usd pair moved yesterday in the average price movement of 221 Pips, it recorded the highest level at 1.1620 and the lowest at 1.1396 and closed at 1.1514 to Lose 103 Pips during yesterday’s trading according to positive of CB from USA.
The pair opened today at 1.1514 oscillatory between the 1.1500 and the 1.1560 levels during the Asian session in a trading average of 60 pips and then the pair went down to 1.1464
The pair is moving in a series of up corrective waves after breaking the wedge and now we are seeing the pair is trading above the upper limit to retest it.
It is expected that the pair eur /usd will reach the targeted level at 1.1400 in the next few hours.
The Relative Strength Indicator "RSI" reveals the accumulation operations at the market and until Now we are seeing the control of Bulls on the market.
Medium term trend: up
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