Thursday 18 February 2016

Daily technical forecast for February 18 - EUR/USD

EUR/USD

On Wednesday the euro recorded a consecutive neutral session against the dollar. The pair remains on the same levels, reached earlier this week. Short-term indicators are in favor of the single currency and if they fulfill, the resistance at 1.1235 will be breached. The trading started at a price of 1.1142, and the finale was put 16 pips below. At the beginning the bulls prevailed, registering peak for the day at 1.1178, but later gains were limited.



Support: 1.1085; 1.1064;
Resistance: 1.1235; 1.1387;


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