Analysis and forecasts for EUR / USD 13/05/16
The technical situation Eurodollar remains unchanged. All the time we are in consolidation between the strong resistance at 1.1465 and support at 1.1376. The market is waiting for the moment of issue. It is likely that the signal for further direction will be Friday's data. Accordingly I repeat, what is presented in previous reports:
"Overcoming support paves the way towards lower price levels 1,1336-42 (peaks of 17 and 18 March). In contrast, defeat in / at support levels will lead to a return to the recent lows at around the level of 1,1213-18.
If you happen to break the mountain above the level of 1.1465, in this case the demand will head toward this year's peaks. Along the way, the demand side encounters resistance levels are located at 1.1495 and 1.1536. "
"Overcoming support paves the way towards lower price levels 1,1336-42 (peaks of 17 and 18 March). In contrast, defeat in / at support levels will lead to a return to the recent lows at around the level of 1,1213-18.
If you happen to break the mountain above the level of 1.1465, in this case the demand will head toward this year's peaks. Along the way, the demand side encounters resistance levels are located at 1.1495 and 1.1536. "
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