Sive Morten
Special Consultant to the FPA
- Messages
- 18,648
EUR/USD Update, Fri 27, August
Good Morning,
Market is still in consolidation, and looks like even more boring than yesterday. I see nothing even on hourly chart, that's why I just show some levels to watch. May be during today's data release, market will show something around them.
Yesterday market has reached weekly pivot point at 1.2765 but couldn't break it to the upside. This is a bearish sign. On hourly chart we can see some attempts to move higher, but market has failed to do this.
So 1.2690-1.2705 - the first strong support and it still holds the market.
the second one 1.2655 - Fib support and the lower border of the chanel. In nearest time I expect that market should retrace lower.
Good Morning,
Market is still in consolidation, and looks like even more boring than yesterday. I see nothing even on hourly chart, that's why I just show some levels to watch. May be during today's data release, market will show something around them.
Yesterday market has reached weekly pivot point at 1.2765 but couldn't break it to the upside. This is a bearish sign. On hourly chart we can see some attempts to move higher, but market has failed to do this.
So 1.2690-1.2705 - the first strong support and it still holds the market.
the second one 1.2655 - Fib support and the lower border of the chanel. In nearest time I expect that market should retrace lower.
