Instrument in Focus:
EURUSD slid below 1.0793 supporting level which could prop it up on last Dec. 7 caused increasing of the downside momentum drove the pair down to 1.0709, before re-stabilizing near 1.0750 during today Asian session.
EURUSD daily Stochastic Oscillator (5, 3, 3) which is sensitive to the volatility is having now its main line in the oversold region below 20 reading 17.074 and also its signal line which is reading 18.262, despite the rebounding from 1.0709.
EURUSD dove again below its Daily SMA50 with continued existence below its daily SMA100 and daily MA200 and today is the fourth consecutive day of being below its daily Parabolic SAR (step 0.02, maximum 0.2) is reading now 1.1023, after 3 dark days.
Important levels: Daily MA50 @ 1.0823, Daily MA100 @ 1.0039 and Daily MA200 @ 1.0044
S&R:
S1: 1.0709
S2: 1.0519
S3: 1.0461
R1: 1.0991
R2: 1.1058
R3: 1.1093
