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FX.co ★ Weekly technical levels of EUR/USD for August 25-29, 2014

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Forex Analysis:::2014-08-25T11:41:42

Weekly technical levels of EUR/USD for August 25-29, 2014

Weekly technical levels of the EUR/USD pair.

 Weekly technical levels of EUR/USD for August 25-29, 2014

Notes

  • We expect a range about 185 pips this week.
  • The risk of 123 pips must make a profit of 185 pips.
  • The value of 50% Fibonacci retracement levels is 1.3329.
  • The weekly pivot point will be set at the price of 1.3285.
  • The level of 1.3285 and 1.3329 will confirm the bullish market.
  • Volatility was 235.56; as a rule, the market is highly volatile if the last day had a huge volatility.

Weekly technical levels of EUR/USD for August 25-29, 2014

Technical levels:

Pair: EUR/USD

  • It should be noted that the price will be moving between 1.3174 and 1.3285 today.
  • Projected high: 1.3351
  • Strong resistance (sell limit): 1.3330. The resistance will be at the price of 1.3329.
  • Current pivot: 0.8751
  • Breakout (sell stop): 1.3170. The support will be set at the price of 01.3173.
  • Projected low: 1.3110

Analyst InstaForex
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