Forex Analysis
Arief Makmur
2014-11-28 11:22:03 UTC+00 4 hours, 6 min. ago
When the European market opens, some economic news will be released such as German Retail Sales m/m, French Consumer Spending m/m, Italian Monthly Unemployment Rate, Italian Quarterly Unemployment Rate, CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Unemployment Rate, and Italian Prelim CPI m/m.
Mourad El Keddani
2014-11-28 10:34:49 UTC+00 4 hours, 53 min. ago
The price of the EUR/USD pair is still moving between the levels of 1.2570 and 1.2360. Moreover, it should be noted that the market is not so stable. So is the trend because the market is wobbling, the range will be around 92 pips pips next week. Additionally, the value of 100% Fibonacci retracement levels is 1.2600 (double top). The key level of 1.2600 is present to confirm a bearish market. This level will act as strong resistance because it coincides with the weekly resistance 2. Therefore, sell deals are recommended below 1.2600 or 1.2570 with the target at the level of 1.2417. It will resume towards 1.2360 in order to form a double bottom at this level.
Joseph Wind
2014-11-28 01:20:08 UTC+00 14 hours, 8 min. ago
We recommend safe selling below 1.2400. Risk trades can sell below 1.2440 with the targets at 1.2375, 1.2360, and 1.2325. Speculators can sell at the current market price 1.2465 sl 1.2475 for targets 1.2455 and 1.2444 levels.
Michael Becker
2014-11-27 16:47:23 UTC+00 22 hours, 41 min. ago
The bearish flag scenario should now be considered for the longer-term positions. Bears should be looking for a solid SUPPLY ZONE to SHORT the EUR/USD pair around. On the other hand, the EUR/USD pair has a bearish projection target ( the Flag pattern ) roughly located around price levels of 1.2200.
Arief Makmur
2014-11-27 03:25:00 UTC+00 1 day, 12 hours, 3 min. ago
When the European market opens, some economic news will be released such as German Prelim CPI m/m, Spanish Flash CPI y/y, German Unemployment Change, M3 Money Supply y/y, Private Loans y/y, Italian 10-y Bond Auction, Spanish HPI q/q, and GfK German Consumer Climate.
Joseph Wind
2014-11-27 01:52:45 UTC+00 1 day, 13 hours, 35 min. ago
We recommend fresh intraday buying only above 1.2510 with the targets at 1.2530, 1.2575, and 1.2600.
Michael Becker
2014-11-26 14:59:33 UTC+00 2 days, 28 min. ago
The EUR/USD pair now has a bearish projection target roughly located around price level of 1.2200. Price zone of 1.2470-1.2490 should now be considered for SELLING the pair at considerable prices. Stop Loss should be located above 1.2575.
Mourad El Keddani
2014-11-26 12:38:17 UTC+00 2 days, 2 hours, 50 min. ago
The EUR/USD pair is trading between the levels of 1.2360 and 1.2480 (those levels coincide with the Fibonacci retracement levels 00% and 50% respectively). It should be noted that the 1.2508 price will act as a strong resistance because it represents the ratio of 61.8% Fibonacci retracement levels in H1 chart. Moreover, the weekly pivot point has always set below the resistance and it will act as a minor resistance around the area of 1.2451. Therefore, it will be rather gainful to sell below the levels of 1.2508 or 1.2451 and look for further downside with 1.2357 and 1.2360 targets.
Arief Makmur
2014-11-26 03:59:48 UTC+00 2 days, 11 hours, 28 min. ago
When the European market opens, some
Joseph Wind
2014-11-26 00:46:52 UTC+00 2 days, 14 hours, 41 min. ago
We recommend fresh intraday buying only above 1.2510 levels with the targets at 1.2575 and 1.2610.
Michael Becker
2014-11-25 15:24:04 UTC+00 3 days, 4 min. ago
The EUR/USD pair now has a bearish projection target roughly located around price level of 1.2200. Price zone of 1.2470-1.2490 should now be considered for SELLING the pair at considerable prices. Risky traders can SHORT the pair at lower prices as their money management allows. Stop Loss should be located above 1.2575.
Arief Makmur
2014-11-25 04:16:51 UTC+00 3 days, 11 hours, 11 min. ago
When the European market opens, some economic news will be released such as German Final GDP q/q and Italian Retail Sales m/m.
Joseph Wind
2014-11-25 01:48:26 UTC+00 3 days, 13 hours, 40 min. ago
We still recommend the same strategy, use every rise to sell. Until the prices close below 1.2490, use every rise to sell.
Michael Becker
2014-11-24 17:15:40 UTC+00 3 days, 22 hours, 12 min. ago
The bearish flag scenario should now be considered for the longer-term positions. The EUR/USD pair now has a bearish projection target roughly located around price level of 1.2200. Price zone of 1.2470-1.2490 should now be considered for SELLING the pair at valid prices. Stop Loss should be located above 1.2575.
Mourad El Keddani
2014-11-24 11:06:34 UTC+00 4 days, 4 hours, 21 min. ago
The EUR/USD pair probably is going to move between the levels of 1.2310 and 1.2460 on November 24, 2014. The level of 1.2310 will indicate strong support. The intraday resistance will set at the price of 1.2460. So, we expect that the level of 1.2560 will form a new double top at this price. Therefore, it will be wise to buy above the area of 1.2330 with the first target at 1.2422 (minor resistance), then it will continue towards the level of 1.3454 in order to test the weekly pivot point. The stop loss should be placed below 1.2310.
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