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Analytics 02.09

EUR / USD


EUR / USD pair controlled by bears

EUR / USD is trading lower, dropping slightly below Friday's low of $ 1.0965. The pair fell to its lowest level since mid-May 2017 at $ 1.0955. EUR / USD fell below the moving average of MA (200) H1 ($ 1.1077), and on the four-hour chart it is below MA (200) H4 ($ 1.1137), remaining under the control of bears. In this situation, it is worth continuing to adhere to the southern direction in trade and look for entry points for sale.

It is worth noting that the 14-day relative strength index (RSI (14) on D1) tests the level 30, and if it falls below this level, this will signal a possible change in the direction of price movement.

Resistance is at the level of: $ 1.0995, $ 1.1060-77, $ 1.1115

Support levels are located at: $ 1.0920, $ 1.0875, $ 1.0840

The main scenario for the pair to move is the continuation of the downward movement to $ 1.0920 (minimum May 15, 2017).

 


USD / JPY

 

 


USD / JPY remains under control of bears

The pair USD / JPY is trading with a slight increase, recovering from a decline from the start of trading to Y105.90. By the middle of European trading, the pair rose to Y106.40. USD / JPY is trading slightly higher than the moving average MA (200) H1 (Y106.15), but continues to trade below MA (200) H4 (Y106.85), remaining under the control of bears. In this situation, it is worth continuing to adhere to the southern direction in trade and look for entry points for sale.

Resistances are at the levels: Y106.70, Y107.05, Y107.55

Support levels are located at: Y106.15, Y105.60, Y105.05

The main scenario for the pair to move is correction and decline to Y105.60 (August 27-28 minimum).