Δευτέρα 30 Νοεμβρίου 2015

Technical Analysis EUR/USD

Buying EUR/USD, as the pair has reached today´s low at 1.0562 where support lies around the 1.0560/65 level. German CPI news just came in meeting expectations, and despite the fact that H4 charts remain bearish a correction is imminent in the short term. On M5 and M15 EMA5 has just crossed over EMA10, and MACD confirms the move as well. Targeting the 1.0630 area where some resistance awaits. USD Chicago managers index and Pending Home sales will drive the pair in the upcoming hours.

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