Forex Analysis
Michael Becker
2014-10-24 14:08:21 UTC+00 12 hours, 35 min. ago
A valid BUY position was previously suggested around the neckline of the bullish Head and Shoulders pattern (price level of 1.2660). On Wednesday, the market expressed quite strong bearish momentum that pushed below the lower limit of the channel. The bears have successfully pushed towards price zone of 1.2600-1.2620 (projection target of the double-top pattern). As anticipated, around this price zone, bullish recovery was expressed.
Mourad El Keddani
2014-10-24 10:38:32 UTC+00 16 hours, 5 min. ago
The price of EUR/USD pair is going to move between 1.2630 and 1.2770. The level of 1.2605 is going to form the double bottom in H1 chart. Also, it should be noted that the market was very stable and trend was also quite clear (upward) this week. So, we expect a bullish market today from the area of 1.2603/1.2630. Therefore, buy above the level of 1.2603/1.2630 (these levels are representing the weekly supports) with the first target of 1.2682, it might resume to 1.2750 in coming hours in order to test the weekly resistance one. However, the stop loss should be always be taken into account. Therefore, it will be very useful to set your stop loss at the price of 1.2665 (blow the supports).
Arief Makmur
2014-10-24 09:03:44 UTC+00 17 hours, 40 min. ago
When the European market opens, some economic news will be released such as GfK German Consumer Climate, Italian Retail Sales m/m, EU Economic Summit, and Belgian NBB Business Climate. The U.S. will release the economic data too such as the New Home Sales. So, amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY TECHNICAL LEVELS: Breakout BUY Level: 1.2711. Strong Resistance
Joseph Wind
2014-10-23 22:56:28 UTC+00 1 day, 3 hours, 47 min. ago
The pair is verging on making another breakdown, use every rise to sell or selling below 1.2625 will mint the money
Arief Makmur
2014-10-23 10:06:23 UTC+00 1 day, 16 hours, 37 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, and EU Economic Summit.
Michael Becker
2014-10-22 16:09:28 UTC+00 2 days, 10 hours, 34 min. ago
The origin of the bullish engulfing pattern (around 1.2600) provided a good BUY position as suggested in previous articles. The upper limit of the movement channel (1.2880-1.2900) was being approached. However, bearish pressure was applied earlier around 1.2800-1.2840. Break below Price zone of 1.2730-1.2760 ( the lower limit of the 4H channel ) indicated a SELL position as suggested in Yesterday's article. It's running in profits now.
Mourad El Keddani
2014-10-22 10:53:17 UTC+00 2 days, 15 hours, 50 min. ago
According to the previous events, the price of the EUR/USD pair is still moving between the levels of 1.2625 and 1.2755. Moreover, it should be noted that the market was so stable and the trend was also too clear (downward). Similarly, we expect a range around 72 pips today. Additionally, the value of 50% Fibonacci retracement levels are 1.2755 for that the key level of 1.2755 represents a downtrend to confirm the bearish market.
Arief Makmur
2014-10-22 02:32:30 UTC+00 3 days, 11 min. ago
When the European market opens, some economic news will be released such as German 30-y Bond Auction.
Joseph Wind
2014-10-21 23:28:21 UTC+00 3 days, 3 hours, 15 min. ago
We recommend selling below 1.2699 levels. The pair has resistance at 1.2760 (34hrsma) and above this at the 1.2781 (35DEMA) level.
Michael Becker
2014-10-21 17:28:02 UTC+00 3 days, 9 hours, 16 min. ago
Price action should be watched around 1.2870-1.2900 (upper limit of the channel and previous broken demand level) for one more SELL position with Stop loss located above 1.2965. On the other hand, the price level of 1.2730-1.2760 should be watched for price action. A break below this price zone (the lower limit of the 4H channel) indicates a SELL position towards 1.2620 initially.
Arief Makmur
2014-10-21 05:03:15 UTC+00 3 days, 21 hour, 40 min. ago
When the European market opens, there is no economic news to be released, but the US will release the economic data: Existing Home Sales, so amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY TECHNICAL LEVELS: Breakout BUY Level
Michael Becker
2014-10-20 15:57:33 UTC+00 4 days, 10 hours, 46 min. ago
Price action should be watched around 1.2870-1.2900 (upper limit of the channel and previous broken demand level) for one more SELL position with Stop loss located above 1.2965. On the other hand, price level of 1.2730-1.2760 should be watched for price action. A break below this price zone ( the lower limit of the 4H channel ) indicates a SELL position towards 1.2620 initially.
Mourad El Keddani
2014-10-20 10:26:08 UTC+00 4 days, 16 hours, 17 min. ago
The support of the EUR/USD pair has set at the price of 1.2625 and this price coincides with the double bottom. The double bottom is set at the price of 1.2620. Therefore, the first key level will set at the price of 1.2620 and the second key level will set at the 1.2625 level today. Moreover, it should be noted that the area between 1.2600 and 1.2625 is representing strong support in H1 chart. Equally important, the price of the EUR/USD pair is still moving between 1.2600 and 1.2755. Also, it should be noticed that the weekly pivot point is placed at the price of 1.2755 on October 20, 2014.
Arief Makmur
2014-10-20 08:43:05 UTC+00 4 days, 18 hours, 1 min. ago
When the European market opens, some economic news will be released such as German PPI m/m, Current Account, German Buba Monthly Report. The US will not release any economic data, so amid the reports, EUR/USD will move with low volatility during this day. TODAY TECHNICAL LEVELS: Breakout BUY Level: 1.2808. Strong Resistance:1.2800
Joseph Wind
2014-10-20 01:18:43 UTC+00 5 days, 1 hour, 25 min. ago
The pair has been taking support at the upper end of the triangle in the h4 chart.
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