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Daily Analysis by Atirox.com

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Atirox is a Forex broker company specializing in providing reliable and competitive services on the Foreign Exchange Market to clients worldwide. Team of experts of the company consists of professionals with the long-term experience and successful project implementation.

Being a Pure ECN/STP Forex Brokerage allows us to bring the best pricing and liquidity to our clients. As a result we can be considered a discount Forex brokerage because we are bringing you very competitive spreads and lowest commissions in the industry, ensuring greater profitability of your trading.

Established in 2015, Atirox brings into Forex trading, the world’s largest, the most dynamic and popular market, sound brokerage experience and cutting-edge trading technology. Customers from all over the world successfully use services of the Company. Atirox is well represented in Asia, CIS countries, in the Middle and Far East as well as on the African continent. [continue to detail..]

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EUR/USD: technical analysis 04.02.2019

Current trend

On 4-hour chart, EUR/USD price is trading below the middle line of Bollinger Bands
and is testing the support level of 1.1444 (Murray [7/8]). The downward trend maintains, which the technical indicators confirm. MACD volumes are decreasing in the positive zone.
Stochastics' lines are pointed downwards and are reaching the oversold area. Bollinger Bands are slightly leaned downwards, reflecting the moderate developing of the downward trend.
The breakout and consolidation of the price below the level of 1.1444 will let EUR/USD reach the level of 1.1413 (Murray [6/8])-1.1383 (Murray [5/8]).
If the price is set above the level of 1.1474 (Murray [8/8]), the upward trend can restore.
In this case the next targets of buyers will be the levels of 1.1505 (Murray [+1/8])- 1.1535 (Murray [+2/8]).
Support and resistance

Support levels: 1.1444, 1.1413, 1.1383.

Resistance levels: 1.1474, 1.1505, 1.1535.

Trading recommendations

Short positions can be opened below the level of 1.1444 with the target at around 1.1413 - 1.1383 and stop-loss 1.1460.
Long positions can be opened above the level of 1.1474 with the target at around 1.1505-1.1535 and stop-loss 1.1450.

#news #forex #trading #currency #analytics #eurusd #technical_analysis

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  • Dennis#MD changed the title to Daily Analysis by Atirox.com

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