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24 Dec 2013
EUR/USD declines into European session
FXstreet.com (Barcelona) - Having climbed off its overnight low at 1.3676, to trade at 1.3690, EUR/USD has declined to where we are presently trading at 1.3675.
How strong has the move been?
The FXstreet.com propriatary tools the OB/OS Index and Trend Index are neutral and slightly bearish respectively. Hourly RSI sits at 46, with ADX at 17. The hourly 200 SMA is sloping lower at 1.3726, with the daily 20D EMA 1.3672 neutral.
How volatile has EUR/USD been?
Volatility Bandwidth is 31 pips and seen to be shrinking on the hourly chart, while the ATR(14) prints 6 pips. The average movement for this session has been of 6 pips per hour in the last 4 weeks.
What price levels and patterns have to be considered?
The central pivot point is located at 1.3693, with support found at 1.3668 (S1), 1.3639 (S2) and 1.3614 (S3), and resistances at 1.3722 (R1), 1.3747 (R2) and 1.3776 (R3). Special attention should be paid to the price range 1.3713-1.3747 where several technical levels are confluent today. On the hourly chart, a Dark Cloud Cover and Engul Bearish Candlestick patterns to be found.
How strong has the move been?
The FXstreet.com propriatary tools the OB/OS Index and Trend Index are neutral and slightly bearish respectively. Hourly RSI sits at 46, with ADX at 17. The hourly 200 SMA is sloping lower at 1.3726, with the daily 20D EMA 1.3672 neutral.
How volatile has EUR/USD been?
Volatility Bandwidth is 31 pips and seen to be shrinking on the hourly chart, while the ATR(14) prints 6 pips. The average movement for this session has been of 6 pips per hour in the last 4 weeks.
What price levels and patterns have to be considered?
The central pivot point is located at 1.3693, with support found at 1.3668 (S1), 1.3639 (S2) and 1.3614 (S3), and resistances at 1.3722 (R1), 1.3747 (R2) and 1.3776 (R3). Special attention should be paid to the price range 1.3713-1.3747 where several technical levels are confluent today. On the hourly chart, a Dark Cloud Cover and Engul Bearish Candlestick patterns to be found.