EUR/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURUSD
ISIN:

EUR/USD - Fights to Extend Its Gains Above 1.1960 - 12/01/2017 (GMT)

870
0
Who voted?
2

Timeframe : Daily

Download a full-size picture

EUR/USD Chart

The common currency pair rose more than 0.5% since Wednesday following the bounce off the 1.1815 support level, which coincides with the 100-day SMA. The price is approaching our first suggested target at 1.1960 (see technical analysis here: http://bit.ly/2zSpeuY) as it is trying to extend its gains to the upside. The EUR/USD pair printed a positive month adding more than 2% to its performance but this week may finish in negative after four straight bullish sessions.Technically, on the short-term timeframe, the three simple moving averages (50, 100 and 200) are sloping to the upside signaling for further upside potential move. The RSI indicator is pointing to the upside, while the MACD oscillator is strengthening its momentum above the trigger and zero lines.

This member declared not having a position on this financial instrument or a related financial instrument.