Monday, October 17, 2016

EUR/USD

Summary :
Target Level : 1.1056
Target Period : 2 days

Analysis :
Falling Wedge identified at 17-Oct-03:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.1056 within the next 2 days.

Supporting Indicators :
RSI below 40

Resistance Levels :
( B ) 1.1056Last resistance turning point of Falling Wedge.

Support Levels
( A ) 1.0964Last support turning point of Falling Wedge.


Chart date range :
06-Oct-04:00 GMT-> 17-Oct-06:00 GMT
Data interval : 1 hour
RSI:34 Candles
MA:34 Candles