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.

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.

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.

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 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.

EUR/USD Technical Analysis

EUR/USD: may be tested again at 1.1000?

I think USD may be weak.
EUR/USD is currently trading at 1.0880 with a high of 1.0940 and a low of 1.0845.After which a upside move is expected.The ADP Non-Farm Employment Change nagetive point.so Market moves upside treand.

EUR/USD Analysis:

I think that the USD still strong. It may attempt a test higher to 1.0790 - 1.0820 after which weakness may set it to a drift down to 1.0730 limit.

EUR/USD Forecast:

I assume that the USD could move higher soon.

EURUSD eventually reached the target of 1.07302 yesterday, the measured move from the break out of the rising wedge pattern. Price has now formed a falling price channel and looks to be currently testing the upper end of the channel. A test towards 1.0830 is evident and if successful as resistance, we could see further declines in the near term towards the target of 1.0605. However, should price break out of the falling channel and test back to the support at 1.07302, the view could shift to bullish upon break of the resistance at 1.0812