EUR/USD daily chart, August 14, 2017
EUR/USD daily chart, August 14, 2017

EUR/USD Forecast August 14, 2017, Technical Analysis

9 days agoByChristopher Lewis

The EUR/USD pair initially dipped lower during the day on Friday, but then shot higher impulsively during the American session. It looks as if the market is trying to find its footing, and eventually should go looking for higher levels. With this in mind, I am a buyer of dips overall, but I recognize that the longer-term chart suggests that perhaps we might see a bit of consolidation in this general vicinity. Certainly, the most recent impulsive move has been to the upside so it makes sense that buying the dips is probably the safest way to trade this market. I think that the 1.17 level underneath is massively supportive, and therefore I don’t think we break down below there anytime soon. However, as I mentioned it looks a bit consolidated on the weekly chart, so it’s likely to be a very difficult market to trade for more than short-term opportunities over the next couple of sessions.

EUR/USD Video 14.8.17

Favorites

SymbolLast PriceChangeChart
EURUSDEUR/USD
1.1764
+0.0008+0.07%
GBPUSDGBP/USD
1.2882
+0.0012+0.09%
XAUUSDGold
1288.0
+4.8700+0.38%
CLCrude Oil
48.795
+0.0950+0.2%
UKXE-Mini FTSE 100
7320.2
+8.2500+0.11%
DAXDAX 30
12123.0
-26.000-0.21%

Live Quotes

Top Promotions
Top Brokers

FX Empire - the company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as link result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.
FX Empire may receive compensation from the companies featured on the network.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. FX Empire bears no responsibility for any trading losses you might incur as link result of using any data within the FX Empire.