Support and resistance
On D1 chart the pair is trading in the upper part of Bollinger Bands. The indicator is directed downwards while the price range remains unchanged which is a ground for the continuation of the current trend. MACD histogram is in the positive zone with its volumes growing and keeping the sell signal. Stochastic is about to leave the overbought zone.
Support levels: 1.1065, 1.1015, 1.0951, 1.0853, 1.0765.
Resistance levels: 1.1132, 1.1183, 1.1246, 1.1310.
(from Middle English
, “in circulation”, from Latin
: currens, -entis
) in the most specific use of the word refers to money
in any form when in actual use or circulation as a medium of exchange
, especially circulating banknotes
.A more general definition is that a currency is a system of money
(monetary units) in common use, especially in a nation.Under this definition, US dollars, British pounds, Australian dollars, and European euros are examples of currency. These various currencies are recognized stores of value and are traded between nations in foreign exchange markets
, which determine the relative values of the different currencies.Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance.