Technical analysis of the currency pair EUR/USD on 06/12/2016. The daily chart
General analysis.
At yesterday's trading session the currency pair EUR / USD was able to go beyond the range of the frame in which it was moving from the middle of November 2016 by breaking its upper boundary. The price has tested resistance level 1.0800.
Considering local increases of the prices if the ECB at its meeting confirms the continuation of the course on the super soft monetary policy.
Stochastic indicator shows us a clear Buy but the signal line is already included in the overbought zone.
Next few days
After a sharp ups and downs on Monday the pair may correct down to 1.0650.
We expect a rebound from the resistance of 1.0800 with the further back to 1.0650.
Long opening must be confirmed by receiving of the receipt of the rebound from the resistance level.
For the first position, it is necessary use no more than 1-2% of the deposit.
The range of possible movement down about 150 points, so traders will be able to open additional positions for sale.
General analysis.
At yesterday's trading session the currency pair EUR / USD was able to go beyond the range of the frame in which it was moving from the middle of November 2016 by breaking its upper boundary. The price has tested resistance level 1.0800.
Considering local increases of the prices if the ECB at its meeting confirms the continuation of the course on the super soft monetary policy.
Stochastic indicator shows us a clear Buy but the signal line is already included in the overbought zone.
Next few days
After a sharp ups and downs on Monday the pair may correct down to 1.0650.
We expect a rebound from the resistance of 1.0800 with the further back to 1.0650.
Long opening must be confirmed by receiving of the receipt of the rebound from the resistance level.
For the first position, it is necessary use no more than 1-2% of the deposit.
The range of possible movement down about 150 points, so traders will be able to open additional positions for sale.
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