EUR/USD’s Signal Level

Technical Reports

4 hour MACD has surpassed the signal level. Pair’s trading became neutral. Short term prognosis remains bullish if the whole 1.1712 accumulation of support holds. Following pivot points include: (S1) 1.1851; (P) 1.1870 (R1) 1.1892.

Breach of 1.1960 will extend the intact surge from 1.1553 and align the maximum of 1.2091.

The lift from a medium term bottom of 1.0339 is a corrective. If further rally occurs, 38.2% retracement of 1.6039 to 1.0339 at 1.2516 will bound upside and cause reversal. Stable trading under 55 week EMA will confirm that the medium term recoil has finished. The repeat test of 1.0339 minimum is possible.