Technical Analysis For EUR-USD Date 30-08-2015

On 28.8.2015 EURUSD traded between a high of 1.1309and a low of 1.1155 closed at 1.1187. Today the pair trades below the resistance line of 1.1310.

Downside Scenario: If the resistance line of 1.1310 holds, EURUSD could decline into the levels of 1.1170, then 1.1100.

Upside Scenario: If the pair penetrates above the resistance line of 1.1335, in this case we expect a further rise into the levels of 1.1410, then 1.1490.