Posts Tagged ‘EUR/USD’
The EUR/USD has a number of hurdles to overcome before a ceiling it established. I am looking for a ceiling – for now – since the market trend has transitioned into a sideways range. IT IS early in the transition but a “V” bottom is unlikely here with the underlying fundamental picture and the 1.3050 [...]
After testing the support of the upward trend line on 4-hour chart, EURUSD rebounded from 1.3077. The bounce would possibly be resumption of uptrend from 1.2624, further rise is expected later today, and next target would be at 1.3300 area. On the other side, a breakdown below 1.3077 will suggest that a cycle top has [...]
EUR/USD: The market has finally managed to find some bids and although the broader underlying trend remains intensely bearish, the risks from here are for additional corrective gains back towards the 100-Day SMA in the 1.3400 area before the next lower top carves out. Some falling trend-line resistance has already been broken on the daily [...]
Source: ForexYard
As investors cautiously await any news regarding a Greek debt swap deal, the EUR/USD has slipped following last night’s bullish run. That being said, the pair has managed to stay above the 1.2900 level, well above the 17-month low hit last week. The EUR/USD saw significant upward momentum yesterday following successful debt [...]
On the week, the USD and JPY made substantial losses against most majors amid positive data coming out of the US, suggesting recovery for the world’s biggest economy. EUR/USD touched a two-week high before a report forecast to show sales of existing U.S. homes rose to the highest in 1&1/2 years. In Asian trading the [...]
EURUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.4246 (Oct 27 high), the price action from 1.2946 is likely consolidation of the downtrend. As long as the trend line resistance holds, we’d expect downtrend to resume, and another fall towards 1.2500 is still possible. Initial support is at [...]
EURUSD is testing the resistance of the price channel on 4-hour chart. As long as the channel resistance holds, the price action from 1.3212 could be treated as consolidation of downtrend from 1.4246, and one more fall towards 1.3146 (Oct 4 low) is still possible. On the upside, a clear break above the upper line [...]
It’s tough to pinpoint exactly at which point the exhaustion from today’s RISK ON rally will begin. It’s even tougher (on a day like today) to shift the focus to three specific charts where there is a downtrend (EUR/USD), an uptrend (U.S. Dollar Index), and no trend (the Dow Jones Industrial Average). But these are [...]
EURUSD had formed a cycle bottom at 1.3609 on 4-hour chart. Further rally is still possible in a couple of days, and target would be at 1.3950-1.4000 area. However, the rise is treated as consolidation of downtrend from 1.4246, another fall towards 1.3400 could be seen after consolidation, and a breakdown below 1.3609 could signal [...]
Quote of the day:“Time has a wonderful way of showing us what really matters.” ~ Margaret Peters Good morning. Dollar breached horizontal support yesterday as the euro rallied to as high as $1.4245 from a session low at $1.3865 on euro-zone deal optimism. Large swings can be seen all over the place so let’s take a [...]
