Daily Forex Technical Analysis - 15 Aug 2014 | Vantage FX

Technical Analysis – 21st August, 2014

August 21, 2014

Thursday 21st August, 2014


Intraday Support & Resistance Levels


Technical Indicator Signals


Currency Pair Spotlight

EURUSD: Euro/Dollar finally broke through the 1.33 integer level after the consolidation since the start of this month. Funds are being withdrawn from Europe as the economic outlook is pessimistic along with the Ukraine crisis. Further easing policies are expected to be introduced to Eurozone, while in the meantime, Fed are discussing to normalize its monetary policies. The long term trend is quite clear that the fall of Euro will keep on. Technically, Alligator is in short order and AO started falling again. Bears can wait for the rebound back to 1.33 and seek for selling opportunities.

For a full market wrap up, see Anthony’s Daily Forex Market Report.


Today’s Key Economic Calendar Events

For the full week’s outlook of events, please see our Economic Calendar


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