Forex Analysis
Mourad El Keddani
2015-03-02 12:04:09 UTC+00 12 hours, 27 min. ago
The resistance is going to be set at the level of 1.1255. Moreover, the weekly pivot point is placed at the same price of 1.1255 and double top has been already placed at 1.1260. Consequently, the descending movement will probably be lower than the level of 1.1260 with the targets at 1.1180 and 1.1120. On the contrary, the support has already been set at 1.1114. Furthermore, it should be noted that it will be very profitable to buy above this level for retesting this price in the short period. Therefore, buy deals are recommended above the level of 1.1114 with targets at 1.1272 (23.6% of Fibonacci retracement) and 1.1255.
Michael Becker
2015-03-02 11:59:04 UTC+00 12 hours, 32 min. ago
Conservative traders were suggested to wait for a bullish pullback looking for better prices to SELL the EUR/USD pair off (R1 at 1.1550 and R2 at 1.1700). However, the EUR/USD bulls did not show enough bullish momentum to reach these levels. Instead, a bearish Flag pattern was established on the daily chart. DAILY fixation below the price level of 1.1260 (recent bottom) confirmed this bearish pattern. Risky traders could wait for a bullish pullback towards the price level of 1.1260 (recent SUPPLY level) for SHORTING the pair. Initial bearish target would be located around 1.1110 (weekly low).
Arief Makmur
2015-03-02 04:11:21 UTC+00 20 hours, 20 min. ago
When the European market opens, some economic news will be released such as Unemployment Rate, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Quarterly Unemployment Rate, Italian Monthly Unemployment Rate, Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI.
Joseph Wind
2015-03-02 04:09:42 UTC+00 20 hours, 21 min. ago
The USD is trading higher against EUR & GBP ahead of US ISM report. EUR/USD panic will be triggered below 1.1150.
Michael Becker
2015-02-27 11:40:39 UTC+00 3 days, 12 hours, 50 min. ago
Conservative traders were suggested to wait for a bullish pullback looking for better prices to SELL the EUR/USD pair off (R1 at 1.1550 and R2 at 1.1700). However, the EUR/USD bulls did not not show enough bullish momentum to reach these levels. Instead, a bearish Flag pattern was established on the daily chart. DAILY fixation below the price level of 1.1260 (recent bottom) confirmed this bearish pattern. Risky traders could benefit from DAILY breakdown of 1.1260 (recent DEMAND level). This probably indicates a quick bearish visit towards the WEEKLY low around 1.1110.
Arief Makmur
2015-02-27 03:50:34 UTC+00 3 days, 20 hours, 41 min. ago
When the European market opens, some economic news will be released such as Italian Prelim CPI m/m, Spanish Flash CPI y/y, French Consumer Spending m/m, German Prelim CPI m/m, and German Import Prices m/m.
Joseph Wind
2015-02-27 03:44:31 UTC+00 3 days, 20 hours, 47 min. ago
We recommend using every rise to sell with targets at 1.11, 1.0970, and 1.0930.
Michael Becker
2015-02-26 09:19:56 UTC+00 4 days, 15 hours, 11 min. ago
Conservative traders were suggested to wait for a bullish pullback looking for better prices to SELL the EUR/USD pair off (R1 at 1.1550 and R2 at 1.1700). However, the EUR/USD bulls are not showing enough bullish momentum. Instead, a bearish Flag pattern is being established on the daily chart. DAILY fixation below the price level of 1.1260 (recent bottom) confirms this bearish pattern. Conservative traders can wait for a low-risk SELL entry at retesting of the price zone of 1.1570-1.1590.
Harsh Japee
2015-02-26 08:12:38 UTC+00 4 days, 16 hours, 19 min. ago
Technical analysis and trading recommendations for EUR/USD for February 26, 2015. The EUR/USD pair has been trading sideways since bouncing off 1.1250/60 levels on February 10, 2015.
Arief Makmur
2015-02-26 02:35:48 UTC+00 4 days, 21 hour, 55 min. ago
When the European market opens, some economic news will be released such as Targeted LTRO, Italian 10-y Bond Auction, Italian Retail Sales m/m, Private Loans y/y, M3 Money Supply y/y, German Unemployment Change, and GfK German Consumer Climate.
Mourad El Keddani
2015-02-26 00:02:08 UTC+00 5 days, 29 min. ago
The EUR/USD pair has still traded between the supports of 1.1288/1.1200 and the resistance of 1.1432/1.1460. Sell below the price of 1.1459 which represents the weekly resistance 1with the first target at the 1.1369 price (the weekly pivot point is set at 1.1369), then it will call for a downtrend in order to continue its bearish movement towards 1.1304 and 1.1288 to test this strong support. In the long term, buy above the price of 1.1288 (if the trend fails to close below it) with a target at 1.1355. It should also be noticed that the price of 1.1432 is representing the double top on H1 chart.
Joseph Wind
2015-02-25 03:56:38 UTC+00 5 days, 20 hours, 35 min. ago
At the early Asian session, the US dollar is trading higher against the euro and pound. Euro/USD support is seen at 1.1260 and GBP/USD is at 1.5400.
Arief Makmur
2015-02-25 03:02:25 UTC+00 5 days, 21 hour, 29 min. ago
When the European market opens, no economic news will released. However, the US will publish the Crude Oil Inventories and New Home Sales.
Arief Makmur
2015-02-24 17:06:41 UTC+00 6 days, 7 hours, 24 min. ago
When the European market opens, some economic news will be released such as Belgian NBB Business Climate, Final Core CPI y/y, Final CPI y/y, and German Final GDP q/q.
Michael Becker
2015-02-24 15:21:06 UTC+00 6 days, 9 hours, 10 min. ago
Bearish breakout below 1.2000 and 1.1900 (prominent psychological SUPPORT) allowed a quick bearish decline towards 1.1100 to take place few days later. Conservative traders were suggested to wait for a bullish pullback looking for better prices to SELL the EUR/USD pair off (R1 at 1.1550 and R2 at 1.1700). However, the EUR/USD bulls are not showing enough bullish momentum. Instead, a bearish Flag pattern is being established on the daily chart. DAILY fixation below the price level of 1.1260 (recent bottom) confirms this bearish pattern.
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