Start Trading Now Get Started
Table of Contents
  1. DF
  2. Technical Analysis
  3. EUR/USD Technical Analysis 9/9/09
Advertiser Disclosure
Advertiser Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

EUR/USD Technical Analysis 9/9/09

Euro/Dollar made a significant upward movement with around 200 pips on Tuesday as stocks and commodities gained. On the 1 hour chart the downward channel was broken upwards, indicating potential rising perspectives, but lack of trading volume may also lead to a false break, so be aware for another possible weakening of the European currency. Signals remain rising in the short term. If the nearest 1.4530 resistance is penetrated, climbing may gather stronger momentum with next objectives 1.4645 and 1.4770. Immediate support is yesterday's bottom at 1.4330. The CCI indicator is neutral on the 1 hour chart, suggesting calm movements.
Technical resistance levels: 1.4530 1.4645 1.4770
Technical support levels: 1.4330 1.4220 1.4095
image

Most Visited Forex Broker Reviews

Latest News

View More Articles

Related News

View More Articles

Bonuses & Promotions

View All