radex78
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- Nov 22, 2014
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EURUSD today's price is 0.99695. The price heavily drops yesterday from a high of 1.01866.
Yesterday's market EURUSD tried to break the previous high but fail and got selloff pressure and bring the price to a lower level form a new low. A long candlestick indicates the price drops a long distance of pips.
Now on the daily timeframe the price move below the moving average of 14, and there er decreasing volatility-based Bollinger band indicator that shows the line drawing to narrow. RSI value 44 indicates a downtrend-based indicator. Support zone target 0.98812 based lower band and resistance 1.01323 based upper band.
H1 timeframe we can see EURUSD price forms long body candle after CPI data released, now the price trend starting to weak, and RSI value 23 indicates the price already in oversold zone level.
FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
Yesterday's market EURUSD tried to break the previous high but fail and got selloff pressure and bring the price to a lower level form a new low. A long candlestick indicates the price drops a long distance of pips.
Now on the daily timeframe the price move below the moving average of 14, and there er decreasing volatility-based Bollinger band indicator that shows the line drawing to narrow. RSI value 44 indicates a downtrend-based indicator. Support zone target 0.98812 based lower band and resistance 1.01323 based upper band.
H1 timeframe we can see EURUSD price forms long body candle after CPI data released, now the price trend starting to weak, and RSI value 23 indicates the price already in oversold zone level.
FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.