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EURUSD attempts to recover – Analysis - 29-12-2016[url=http://www.economies.com/includes/extra/get_image.php?image_name=1482987135.png][/url] The EURUSD pair trades positively after touching 1.0370 yesterday, to approach from testing the EMA50 again, which continues to form negative pressure against the intraday and short term trading, noting that stochastic positivity interprets the reasons of the current rise. In general, the main bearish trend scenario still valid and active in the upcoming period unless breaching 1.0519 level and holding above it, as breaching this level represent…
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EUR/USD technical analysis
EUR/USD Technical AnalysisEuro/dollar dipped towards the 1.0340 level (mentioned last week) before bouncing back and trading under the 1.0460 level.Technical lines from top to bottom:1.0710 is the upper resistance line on the chart after temporarily capping the pair in April 2015. 1.0690 is the post-Trump high. 1.0570 is the bottom of the range seen afterward.Further below, the early 2016 low of 1.0520 and the 2015 low of 1.0460 are seen. 1.0460 seems to carry more weight.Even lower, there are t…