Sunday, May 10, 2015
Monday, April 20, 2015
WEEKLY FORECAST
It should test 1.1085 area after which a sell off down to 1.0610 or extended to 1.0402 area is expected.
EURUSD. As I mentioned on Friday, the bulls face a critical test to start the new week. In fact they face two critical tests should the first level fall.
The pair finished the week 30 pips below upper level resistance as shown in the chart below. This provides us an opportunity to watch for bearish price action early in the week.
If this level fails to hold we can turn our attention to the 1.1035 handle, a level that has acted as strong resistance on three separate occasions since mid March. Any bearish price action at this level could present a favorable selling opportunity, while a daily close above it could trigger a larger rally to 1.1250.
Summary: Watch for bearish price action at 1.0835 on a test of upper level resistance. If this level fails to hold watch for bearish price action on a retest of 1.1035. Key support comes in at 1.0655 and the multi-year low at 1.0470.
It should test 1.1085 area after which a sell off down to 1.0610 or extended to 1.0402 area is expected.
EURUSD. As I mentioned on Friday, the bulls face a critical test to start the new week. In fact they face two critical tests should the first level fall.
The pair finished the week 30 pips below upper level resistance as shown in the chart below. This provides us an opportunity to watch for bearish price action early in the week.
If this level fails to hold we can turn our attention to the 1.1035 handle, a level that has acted as strong resistance on three separate occasions since mid March. Any bearish price action at this level could present a favorable selling opportunity, while a daily close above it could trigger a larger rally to 1.1250.
Summary: Watch for bearish price action at 1.0835 on a test of upper level resistance. If this level fails to hold watch for bearish price action on a retest of 1.1035. Key support comes in at 1.0655 and the multi-year low at 1.0470.
It should test 1.1085 area after which a sell off down to 1.0610 or extended to 1.0402 area is expected.
Wednesday, April 8, 2015
EUR/USD Forecast:
Looking at the EUR/USD pair, you can see that the market did in fact fall again. If we can get below the 1.08 level, we feel that this market will then drop to the 1.05 level. With that, we are buying puts below there, but also recognize that there is the possibility of an ascending triangle forming so we do need to see that break down in order to feel comfortable buying puts at this point.
Tuesday, April 7, 2015
EUR/USD Technical Analysis
EUR-USD 8/04/2015 SELL EUR-USD @ 1.0880 TP 1.0830 SL ABOBE 1.0930"this month market will go down 1.0750.
The Easter holiday is fully over. As European traders return to their desks after a long weekend, they seem to have second thoughts about the USD sell-off that followed the very disappointing US Non-Farm Payrolls. EUR/USD slips down to 1.0870, basically erasing last week’s gains. A gain of only 126K was bad news for the US dollar. The world wide accurate forcaster said eur/usd pair may BUY mode.
The Easter holiday is fully over. As European traders return to their desks after a long weekend, they seem to have second thoughts about the USD sell-off that followed the very disappointing US Non-Farm Payrolls. EUR/USD slips down to 1.0870, basically erasing last week’s gains. A gain of only 126K was bad news for the US dollar. The world wide accurate forcaster said eur/usd pair may BUY mode.
Monday, April 6, 2015
EUR/USD Analysis:
I think that the USD correction.
EUR-USD 7/04/2015 SELL EUR-USD @ 1.0940 TP 1.0910 SL ABOBE 1.0970"this month market will go down 1.0750.
EUR-USD 7/04/2015 SELL EUR-USD @ 1.0940 TP 1.0910 SL ABOBE 1.0970"this month market will go down 1.0750.
Sunday, April 5, 2015
EUR/USD Analysis:
I think that the USD correction.
It may attempt a test higher to 1.1000 - 1.1010 after which weakness may set it to a drift down to 1.930 limit.
It may attempt a test higher to 1.1000 - 1.1010 after which weakness may set it to a drift down to 1.930 limit.
Subscribe to:
Posts (Atom)