2013.11.28 | EURUSD Market Analysis
EURUSD Trends & Fibonacci Retracement Levels
The EURUSD currency pair has been gaining in forex market trading for the past three days with the EURUSD registering a high of 1.36178 and a low of 1.35631 so far today. Trends data shows the pair is currently in a short-term uptrend with prices trading over the short-term moving average of 21 linear periods. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels indicator, the pair continues to be in an uptrend with prices just below the center regression line. Look for the 23.6% fibo retracement level to provide an important support and resistance level.
EURUSD Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 129.4 pips
30-day current trend is BEARISH / Trend strength of -280.4 pips
60-day current trend is BULLISH / Trend strength of 202.8 pips
90-day current trend is BULLISH / Trend strength of 381.1 pips
180-day current trend is BULLISH / Trend strength of 748.0 pips
Fibonacci Retracement Levels: Past 100 Days
— 0.000 – 1.38317
— 0.236 – 1.36264
— 0.382 – 1.34994
— 0.500 – 1.33967
— 0.618 – 1.32940
— 0.764 – 1.31670
— 1.000 – 1.29617
By CountingPips.com – Forex Trading Apps & Currency Trading Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
