Fluctuation Analysis of EURUSD for 14.02.2017.

This week started with a breakout from the balance level of control zones at 1.06294. If the price rebounds from the level, its short-term target will be marked by the lower control zone (1.03842-1.03357). If the price completes an upward breakout from the zone, its next target will the upper control zone (1.08284 – 1.08757).

Yesterday, the pair rebounded from the interest rate zone at 1.06648 and showed a downtrend towards the interest rate zone at 1.05840, thus completing a breakout from the balance level of control zones at 1.06294.

Today the pair is traded between the interest rate zone at 1.05840 and the balance level of control zones at 1.06294. If the price rebounds from this level it will mark the interest rate zone at 1.05840 as its primary target. If a further breakout occurs, it is expected that the currency pair will show a downtrend towards the interest rate zone at 1.05434.

An alternative movement can occur if the price breaks out from the balance level of control zones at 1.06294 and shows an uptrend towards the interest rate zone at 1.06648. A breakout from this zone will mark the interest rate zone at 1.07054 as the closest target.


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