Forex Analysis
Mourad El Keddani
2014-10-22 10:53:17 UTC+00 13 hours 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 21 hour, 21 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 1 day, 25 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 1 day, 6 hours, 25 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 1 day, 18 hours, 50 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 2 days, 7 hours, 56 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 2 days, 13 hours, 27 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 2 days, 15 hours, 10 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 2 days, 22 hours, 35 min. ago
The pair has been taking support at the upper end of the triangle in the h4 chart.
Michael Becker
2014-10-17 15:00:28 UTC+00 5 days, 8 hours, 53 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. Stop loss for this short position should be located above 1.2965. On the other hand, price level of 1.2700 should be watched for price action if visited first. It may provide another intraday long position.
Joseph Wind
2014-10-17 01:12:20 UTC+00 5 days, 22 hours, 41 min. ago
We recommend fresh buying only above 1.2838, safe buying, above 1.2845, with targets at 1.2901 and 1.2955 (50Dsma).
Arief Makmur
2014-10-17 01:10:56 UTC+00 5 days, 22 hours, 42 min. ago
Today, when the euro zone market opens, they will not release any economic data, but the US will release economic statistics such as the Building Permits, Housing Starts, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, and the Fed Chair Yellen Speech, so amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY TECHNICAL LEVELS: Breakout BUY Level
Michael Becker
2014-10-16 15:47:07 UTC+00 6 days, 8 hours, 6 min. ago
Price action should be watched around 1.2870-1.2900 (upper limit of the channel and previous broken demand level) for another long-term SELL position. Stop loss for this short position should be located above 1.2965.
Mourad El Keddani
2014-10-16 10:30:24 UTC+00 6 days, 13 hours, 23 min. ago
According to the previous events, the price of the EUR/USD pair has still been moving between the levels of 1.2750 and 1.2647. The level of 1.2805 is representing the double top, and the weekly support 1 is set at 1.2750. Therefore, sell below the price of 1.2750 or 1.2805 in the long term with the first target at 1.2680. Moreover, if the trend is able to break the first target at 1.2680; then the trend will call for a bearish market and continue towards the next objectives at 1.2647 and 1.2613
Arief Makmur
2014-10-16 02:58:59 UTC+00 6 days, 20 hours, 54 min. ago
When the European market opens, some economic news will be released such as Italian Trade Balance, Final CPI y/y, Final Core CPI y/y, Trade Balance, Spanish 10-y Bond Auction.The US will release the economic data too such as the Unemployment Claims, Industrial Production m/m, Capacity Utilization Rate, NAHB Housing Market Index, Natural Gas Storage, Crude Oil Inventories, TIC Long-Term Purchases, so amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY TECHNICAL LEVELS: Breakout BUY Level
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