Monday, September 28, 2015

EUR/USD Chart

Summary :
Target Level : 1.1117
Target Period : 2 days

Analysis :
Descending Triangle identified at 28-Sep-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.112 within the next 2 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 1.1213Last resistance turning point of Descending Triangle.

Support Levels
( A ) 1.1117Last support turning point of Descending Triangle.