FOREX Trend Today
The euro exchange rate in the foreign exchange market began February 12 correctional movement with the aim of moving, as evidenced by the blue bars Heiken Ashi indicator. Senior Channel turned sideways, indicating that the lateral direction of the global trend. Low channel also turned sideways, which means that the lateral direction of motion and less long term. At the moment the price is above the moving average and higher than Murray "3/8". Therefore the aim of the upward movement is now level Murray "4/8"- 1.3672, which has already been worked out. If price overcomes the first target, the new target will be the level of Murray "5/8" - 1.3733. The moving average is pointing up, and the price in turn is above it, so now more urgent upward movement. Heiken Ashi colored bars in the last blue color, which tells us about the local downward motion, so longs can be considered after the turn indicator up that will signal the completion of a downward correction. Short positions can be re- considered only after fixing prices below the moving average line. The CCI indicator is about the level of 100, which indicates the presence of a weak currency pair overbought.
The next support levels:
S1 - 1,3611
S2 - 1,3550
S3 - 1,3489
Nearest resistance levels:
R1 - 1,3672
R2 - 1,3733
R3 - 1,3794
