empty
 
 

2016.06.3014:59:00UTC+00Fxwirepro: Eur/usd Changes Short Term Trend from Bullish to Bearish

  • EUR/USD pair declined on Thursday after Standard & Poor's lowered its long-term credit rating on the European Union by a notch to 'AA' from 'AA+' after Britain's surprise vote to leave the economic bloc.
     
  • The pair jumped to session high of 1.1124 in the early US session, but selling interest capped further rally on approach towards 1.1120 levels.
     
  • To the upside, the strong resistance can be seen at 1.1149, a break above will take the pair towards next resistance level at 1.1189.
     
  • To the downside immediate support can be seen at 1.1057 levels, a break below will open gates towards 1.1000 levels.

    Resistance Levels

    R1: 1.1102 (50% Retracement level)

    R2: 1.1149 (61.8% Retracement level)

    R3: 1.1189 (June 24th high)

    Support Levels

    S1: 1.1057 (38.2% Retracement level)

    S2: 1.1000 (23.6% Retracement level)

    S3: 1.0967 (June 27th lows)

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback