Technical Analysis – 26th August, 2014

August 26, 2014

Tuesday 26th August, 2014

 

Intraday Support & Resistance Levels

Support Resistance 140814 | MXT Global Forex

 

Technical Indicator Signals

technical inidcators 140814 | MXT Global Forex

 

Currency Pair Spotlight

NZDUSD 190814 | MXT Global Forex

EURUSD: Euro opened with a gap lower against the Dollar as Mr. Draghi confirmed that further stimulus will be introduced if the employment and economy maintain its current weakness. The Euro was struggling around 1.32 for the whole day. The downbeat German IFO Business Climate also pared Euro as it revealed that the German economy may be losing its growth momentum. Euro may have chances to bounce back below 1.33 but in middle term, EURUSD may fall to 1.27, the low of 2013.

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

 

Today’s Key Economic Calendar Events

econ cal 140814

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

 

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