Forex News from New Forex: Technical analysis of EUR/USD
The negotiations of Greek and European authorities are not completed. Therefore this market is poorly predictable. In accordance with 25 daily Moving Average trend is bearish. The trend will stay bearish for a long time period. The index OB/OS is neutral. The price 1.1143 is a firm support level with resistance at 1.1214.However, the formation of the upward trend in the medium and short term is possibly . That is confirmed by the MACD indicator.
The negotiations of Greek and European authorities are not completed. Therefore this market is poorly predictable. In accordance with 25 daily Moving Average trend is bearish. The trend will stay bearish for a long time period. The index OB/OS is neutral. The price 1.1143 is a firm support level with resistance at 1.1214.However, the formation of the upward trend in the medium and short term is possibly . That is confirmed by the MACD indicator.