Monday 15 February 2016

Daily techical analysis for EUR/USD for February 15

EUR/USD

EUR/USD tried to pick up last week, topped at 1.1376 but closed lower at 1.1254. Falling star formation gives us a valid signal for weakening the power of bulls and downward pressure. Trade signals are down to test 1.1190. Immediate resistance is at 1.1265. A clear break above it could take the price to neutral zone testing 1.1300 but key resistance is seen around 1.1376, which should be clearly pierced up for potential end of the current downward phase targets near 1.1500.


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