August 26, 2014
This pair opened this week with a gap, the price hit a support zone. As you can see we have support below 1,3176, the static resistance could be found at 1,3292.. The price could grow to close this gap or even to test the resistance but the outlook remains bearish after Jackson Hole Symposium. ECB’s president Mario Draghi said that the central bank is ready to do more to bolster the economy, he signaled that more stimulus are needed for the Euro zone. The stochastic indicator shows an oversold market.
About the author: I graduated a Master in Business Administration and I am an independent trader on financial markets for more than 4 years. I have my personal blog where I post some of my technical analysis and forecasts.
