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#1 04-06-2018 16:26:55

Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2358

EUR/USD: technical analysis suggests a rally towards 1.175/1.180 range

EUR/USD: technical analysis suggests a rally towards the 1.1750/1.1800 range (BBH)

In its technical analysisn BBH notes that the EUR/USD is on its way to test the 1.1750 / 1.1800 area.

"We believe that the 50% retracement of the EUR/USD rally that started at the beginning of the year, coming in around 1.1450, is out of reach at the moment, and that the EUR/USD is heading towards 1.1750/1.1800.

The 20-day moving average is moving in the middle of this range, and the euro has not risen above since 20 April.

The Stochastic indicator has not scored a new low again to confirm the low prices, leaving room for divergence. MACDs are also turning upward. And the EUR/USD has ended a six-week series of declines.

"Anything worth having is worth going for - all the way." - J.R. Ewing



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