2013.11.22 | EURUSD Market Analysis
EURUSD Trends & Fibonacci Retracement Levels
The EURUSD currency pair has been gaining ground in forex market trading today with the EURUSD registering a high of 1.35264 and a low of 1.34616 on the day. Trends data shows the pair is currently in a short-term uptrend as prices are trading above our favored short-term linear moving average of 21 periods. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels indicator, the pair continues to be in an uptrend with prices bouncing off the 50% fibo retracement level of 1.3460 as the Euro bulls have come back strong after a large daily decline took place a couple days ago.
EURUSD Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 118.5 pips
30-day current trend is BEARISH / Trend strength of -254.3 pips
60-day current trend is BULLISH / Trend strength of 295.7 pips
90-day current trend is BULLISH / Trend strength of 410.3 pips
180-day current trend is BULLISH / Trend strength of 739.8 pips
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
