EUR/ USD Daily Market Analysis 9th August

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Thread: EUR/ USD Daily Market Analysis 9th August

  1. 08-09-2012, 09:08 AM #1
    Emmafx
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    Default EUR/ USD Daily Market Analysis 9th August

    EUR/ USD Daily Market Analysis 9th August
    Hi guys,

    Today,The EUR/USD prices steadied around 1.2370 and its SMA (50) form a strong resistance at 1.2400. The Stochastic and the CCI (14) Indicators are currently leaving the overbought territory, signaling more downside is expected and prices may face support at 1.2220 if 1.2320-level is breached.



    Support 1: 1.2315
    Support 2: 1.2241

    Resistance 1: 1.2400
    Resistance 2: 1.2460

    Nice trading
    Source http://www.mbcfx.com/news/news_en09_08.html
    Last edited by Emmafx; 08-09-2012 at 09:11 AM.
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