Strengthening.
• EUR/USD keeps on pushing higher. Daily
resistance lies at 1.1387 (20/11/2015 high). Hourly
support may be found at 1.0711 (05/01/2016
low). Yet, expected to show further
consolidation.
• In the longer term, the technical structure
favours a bearish bias as long as resistance
holds. Key resistance is located region at 1.1453
(range high) and 1.1640 (11/11/2005 low) is likely
to cap any price appreciation. The current
technical deterioration favors a gradual
decline towards the support at 1.0504 (21/03/20003 Low).
Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com/research.html
• EUR/USD keeps on pushing higher. Daily
resistance lies at 1.1387 (20/11/2015 high). Hourly
support may be found at 1.0711 (05/01/2016
low). Yet, expected to show further
consolidation.
• In the longer term, the technical structure
favours a bearish bias as long as resistance
holds. Key resistance is located region at 1.1453
(range high) and 1.1640 (11/11/2005 low) is likely
to cap any price appreciation. The current
technical deterioration favors a gradual
decline towards the support at 1.0504 (21/03/20003 Low).
Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com/research.html
