Daily Technical Analysis – 17th June, 2015
By FxGrow Research & Analysis Team
EURUSD
EURUSD remained indecisive yesterday as it touched a high of 1.1327 and a low of 1.1210 and then consolidated towards the end of the trading session. Now it is trading just above its 20day moving average of 1.1245 in the Asian trading session. The near term bias remains Neutral but overall scenario remains bearish.
RSI (14), STOCHRSI (14), MACD (12, 26), CCI (14), Ultimate Oscillator are Neutral; while Average True Range (14) indicates Less Volatility.
Support is at 1.1213 while Resistance is at 1.1288
17th June 2015 – 06:15hrs GMT
GBPUSD
GBPUSD touched a low of 1.5544 yesterday but then it continued its Bullish trend and remained firm towards the end of the trading session. Now the pair is trading just above its 20day moving average of 1.5639 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 1.5700
ADX (14), CCI (14) are Neutral; RSI (14), MACD (12, 26), ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 1.5597 while Resistance is at 1.5653
17th June 2015 – 06:22hrs GMT
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Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.