Forex Analysis
Harsh Japee
2014-07-31 04:16:55 UTC+00 21 hour, 22 min. ago
Technical analysis and trading recommendations for EUR/USD for July 31, 2014. The EUR/USD printed fresh lows overnight around 1.3370 levels. The pair could pull back into 1.3475/80 levels before fresh lows.
Joseph Wind
2014-07-31 01:01:45 UTC+00 1 day, 37 min. ago
The pair has just climbed above the 35HrDema and is trading below 21HrSma and 34HrSma that is one more bearish sign. Sell on the rally with sl 1.3450 or buy only above 1.3450
Michael Becker
2014-07-30 14:47:41 UTC+00 1 day, 10 hours, 51 min. ago
Breakdown of 1.3500 invalidated the bullish structure allowing the bears to pursue towards the price level of 1.3420 (Fibonacci Expansion 100%). Bullish pressure may be initiated around the current prices provided that the bears fail to fixate below 1.3400 on a daily basis. However, the current short-term trend remains intact until proven otherwise. So, the bulls should be conservative with their long positions as the bearish trend could be resumed anytime towards 1.3360 (where 127.2% Fibonacci Expansion level is located).
Harsh Japee
2014-07-30 07:36:18 UTC+00 1 day, 18 hours, 3 min. ago
Technical analysis and trading recommendations on EUR/USD for July 30, 2014. The EUR/USD pair is towards its lower targets of 1.33 and 1.32 respectively. Expect resistance at 1.3510/20
Michael Becker
2014-07-29 14:30:38 UTC+00 2 days, 11 hours, 8 min. ago
Breakdown of 1.3500 invalidated the bullish structure allowing the bears to pursue towards the price level of 1.3420 (Fibonacci Expansion 100%). Bullish pressure may be initiated around the current prices provided that the bears fail to fixate below 1.3400 on a daily basis. However, the current short-term trend remains intact until proven otherwise. So, the bulls should be conservative with their long positions as the bearish trend could be resumed anytime towards 1.3360 (where 127.2% Fibonacci Expansion level is located).
Mourad El Keddani
2014-07-29 10:48:14 UTC+00 2 days, 14 hours, 51 min. ago
According to the previous events, the price of the EUR/USD pair is going to move between 1.3410 and 1.3465. The level of 1.3465 is representing the weekly pivot point. Therefore, it will be very useful to sell below the price of 1.3470 in the short term with the first target at 1.3419 in order to test the double bottom; but if the trend is able to break the double bottom at 1.3419, then it might resume to 1.3390.
Joseph Wind
2014-07-29 01:20:00 UTC+00 3 days, 19 min. ago
The pair is trading above 35Dema that is a good sign to think that the downfall will pause for a while. It has resistance at 1.3450 and 1.3466. Until the pair trades below the 21 HrSma and 34HrSma, the bears will have control on an hourly basis
Michael Becker
2014-07-28 16:03:29 UTC+00 3 days, 9 hours, 35 min. ago
Breakdown of 1.3500 invalidated the bullish structure allowing the bears to pursue towards the price level of 1.3420 (Fibonacci Expansion 100%). Bullish pressure may be initiated around the current prices provided that the bears fail to fixate below 1.3400 on a daily basis. However, the current short-term trend remains intact until proven otherwise, so the bulls should be conservative with their long positions as the trend could be resumed anytime.
Mourad El Keddani
2014-07-28 07:51:41 UTC+00 3 days, 17 hours, 47 min. ago
The EUR/USD pair has rebounded from the minor support at the level of 1.3415. Now, it is approaching its support in order to test it. Moreover, it should be noted that the price of 1.3420 is representing the daily pivot point today. Equally important, the daily pivot point is coinciding with the ratio of 23.6% Fibonacci retracement levels. Consequently, it will probably start upside movement in this area and recover again.
Joseph Wind
2014-07-28 01:20:12 UTC+00 4 days, 19 min. ago
The weekly trading range is between 1.3370-1.3477-1.3550 levels. Until the pair trades below 1.35 on a weekly basis, selling on an up move will mint the money.
Michael Becker
2014-07-25 13:35:43 UTC+00 6 days, 12 hours, 3 min. ago
Breakdown of 1.3500 invalidated the bullish structure allowing the bears to pursue towards the price level of 1.3420 (Fibonacci Expansion 100%). Bullish pressure may be be initiated around the current prices provided that the bears fail to fixate below 1.3400 on the daily basis. However, the current short-term trend remains intact to push lower until proven otherwise so the bulls should be conservative with their long positions.
Arief Makmur
2014-07-25 03:14:56 UTC+00 6 days, 22 hours, 24 min. ago
When the European market opens, some economic news will be released such as Belgian NBB Business Climate, Private Loans y/y, M3 Money Supply y/y, German Ifo Business Climate, GfK German Consumer Climate. The US will release the economic data too such as the Durable Goods Orders m/m,
Arief Makmur
2014-07-24 02:47:15 UTC+00 1 week, 22 hours, 52 min. ago
When the European market opens, some economic news will be released such as French Flash Manufacturing PMI, French Flash Services PMI, Spanish Unemployment Rate, German Flash Manufacturing PMI, German Flash Services PMI, Flash Manufacturing PMI, Flash Services PMI, Italian Retail Sales m/m.The US will release
Joseph Wind
2014-07-24 01:20:40 UTC+00 1 week, 1 day, 18 min. ago
Ahead of these data, the euro looks very good. The pair moved to a 8-month low. It is stalling near the crucial short-term support levels at 1.3450 (20Hr low), 1.3425 (20 MSma and 200 WEma), 1.3395 (50 MSma). Tomorrow again the key data - German business climate and consumer
Mourad El Keddani
2014-07-23 22:42:20 UTC+00 1 week, 1 day, 2 hours, 57 min. ago
According to the previous events, the price of the EUR/USD pair has still been moving between 1.3450 and 1.3550. The level of 1.3454 is representing the double bottom, and the weekly support 1 is set at the same level. Buy above the price of 1.3454 in the long term with the first target at 1.3512. It might resume to 1.3577 if the trend will be able to break the weekly pivot point at the price of 1.3551.
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