EUR/ USD Technical Analysis Recommendations on February 12 888011000 110888 EUR/ USD set The financial calendar is fairly calm today. Just in the late afternoon, crucial events are expected including the publication of information on the number of open vacancies on the United States labor market at 15.00 London time and Fed speech at 17.45 London time. Bears continue to advance. The other day, they didn’t simply evaluate the nearest criteria at 1.1290, but also confidently closed the previous day listed below the level. The attention and interests of players for a fall are directed now to the accumulation of support levels in the location of 1.1229- 1.1186, which is the target for the breakdown of the day cloud +regular monthly Senkou Period A+monthly Fib Kijun. A Breakdown of this zone will permit to lastly exit the correction zone and bring back the down patternat the most senior time intervals. When it comes to a retest, the day cloud is still the closest resistance at 1.1357-92. The benefit of the bears in the more youthful halves has actually shaken. A slight upward correction permitted most of technical indications on H1 to be changed in favor of bulls. Nevertheless, you need to think about that the key levels stay on the side of the bears. When it comes to the conclusion of the upward correction and the resumption of decrease, the support and standard levels for today are S1(1.1251), S2(1.1227), S3(1.1188). The less considerable first victory of the gamers to increase can now be thought about as a breakdown and consolidation above the main Pivot-level of the day at 1.1290. After that, the bulls will have new viewpoints, the weekly long-lasting pattern of 1.1348 will end up being the most considerable guideline. At the moment, conditions are emerging for the occurrence of inconsistencies but there is no new divergence. Ichimoku Kinko Hyo (9.26.52), Pivot Points(classic), Moving Average(120 )The material has been supplied by InstaForex

By | February 12, 2019

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