EUR/USD Analysis (2015.08.05)

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EUR/USD Analysis (2015.08.05)

Source: AvaTrade Forex Broker (Review and Forex Cashback)

Summary :
Target Level : 1.1114
Target Period : 2 days

Analysis :
Triangle identified at 04-Aug-07:00 2015 GMT-5. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.111 within the next 2 days.

Supporting Indicators :
RSI below 40

Resistance Levels :
( B ) 1.1114Last resistance turning point of Triangle.

Support Levels
( A ) 1.0932Last support turning point of Triangle.

EUR/USD Chart

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