Technical Outlook for Eur-Usd 21-6-2015

Technical Outlook for Eur-Usd 21-6-2015

Eur/Usd pair moved last Friday in the average price movement of 95 PIPs, it recorded the highest level at 1.1399 and the lowest at 1.1292 and closed at 1.1352 to lose just 15 PIP in a corrective wave after the upper rally According to the US not to raise interest rates

The pair opened today at 1.1368 to make a gap with 15 pips oscillatory between the 1.1358 and the 1.1404 levels during the Asian session in a trading average of 46 pips for the limitation of the market liquidity, and now the pair is trading around 1.1365

And we saw last week the pair achieved our target at 1.1410

The pair is moving in a series of up impulse waves in a Parallel price channel.

It is expected that the pair eur /usd will reach the targeted level at 1.1470 in the next few hours, after the pair finished the correction.

And today at 15:00 we are looking for Existing Home Sales data from USA.

The Relative Strength Indicator "RSI" reveals that the accumulation operations at the market and the control of Bulls on the market.

Medium term trend: UP

Support levels: 1.1296 and 1.1240 and 1.1189

Resistance levels: 1.1403 and 1.1454 and 1.1510

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