Forex Analysis
Arief Makmur
2015-01-27 02:59:11 UTC+00 9 hours, 20 min. ago
When the European market opens, no economic news are expected today from the eurozone. The US will release a number of economic reports such as the Richmond Manufacturing Index, New Home Sales, CB Consumer Confidence, Flash Services PMI, S&P/CS Composite-20 HPI y/y, Durable Goods Orders m/m, and Core Durable Goods Orders m/m.
Joseph Wind
2015-01-27 02:14:53 UTC+00 10 hours, 5 min. ago
We recommend fresh selling below 1.1200. Use every rise to sell which favors the current trend.
Michael Becker
2015-01-26 13:56:14 UTC+00 22 hours, 23 min. ago
Currently, SELLING the EUR/USD pair should be avoided as much as possible at such historically low prices. Conservative traders should wait for a bullish pullback looking for better prices to SELL the pair off. On the other hand, BUYING the pair is considered a low-risk opportunity after such a steep decline especially after a daily candlestick that represents bullish reversal. The price zone of 1.1540-1.1600 is a recently established SUPPLY zone. Short-term SELL positions can be taken there. Stop loss should be placed slightly above the price level of 1.1680.
Mourad El Keddani
2015-01-26 11:51:12 UTC+00 1 day, 28 min. ago
The price of the EUR/USD pair is going to move between 1.1332 and 1.1110. It should be noted that the market was very stable and trend was also very clear (downward) last week. We expect bearish market today from the area of 1.1332. Moreover, the weekly pivot point has been set at the 1.1332 level for that it will act as strong resistance. So, sell below the level of 1.1332 (this level represents the weekly pivot) with the first target of 1.1114, it might resume to 1.0988 tomorrow in order to test the weekly resistance one. However, the stop loss should be always taken into account, therefore, it will be very beneficial to set your stop loss at the price of 1.1363.
Arief Makmur
2015-01-26 05:29:40 UTC+00 1 day, 6 hours, 50 min. ago
When the European market opens, some economic news will be released such as German Ifo Business Climate. However, the US economic calendar lacks any reports.
Joseph Wind
2015-01-26 02:32:22 UTC+00 1 day, 9 hours, 47 min. ago
We recommend fresh selling at the current market price of 1.1200 with the targets at 1.1100, 1.1050, 1.1000, and 1.0700.
Michael Becker
2015-01-23 15:49:13 UTC+00 3 days, 20 hours, 30 min. ago
EUROZONE current account stepped down to €18.1 billion which is an eight-month low. This is strongly affecting the market leading to the current long-term negative sentiment of the EUR/USD pair. The market is recently challenging historical lows that were established back in 2005 and 2003. The pair has lost almost 750 pips since the beginning of 2015 as the market is re-visiting the lowest rates since November 2003. After monthly breakout below 1.2000, approximate long-term projection targets would be located near 0.9450.
Joseph Wind
2015-01-23 06:18:16 UTC+00 4 days, 6 hours, 1 min. ago
For purely speculation perspective, we can recommend a trade for buying above 1.1400 with the targets at 1.1450 and 1.1460.
Arief Makmur
2015-01-23 04:52:21 UTC+00 4 days, 7 hours, 27 min. ago
When the European market opens, a batch of economic reports will be released such as Belgian NBB Business Climate, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PM, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI.
Ahsan Aslam
2015-01-22 06:34:54 UTC+00 5 days, 5 hours, 45 min. ago
EUR/USD is expected to consolidate with risks skewed lower as markets are awaiting 1245 GMT European Central Bank monetary policy decision. The Wall Street Journal reported Wednesday a proposal from the ECB's executive board that calls for monthly bond purchases of roughly EUR50 billion, lasting for at least one year, suggesting bond purchases could amount to at least EUR600 billion.
Arief Makmur
2015-01-22 04:02:56 UTC+00 5 days, 8 hours, 17 min. ago
When the European market opens, some economic news will be released such as Consumer Confidence, ECB Press Conference, Italian Retail Sales m/m, and Spanish Unemployment Rate.
Joseph Wind
2015-01-22 03:27:30 UTC+00 5 days, 8 hours, 52 min. ago
From an intraday view, resistance exists between 1.1640 , 1.1650, and 1.1690.
Michael Becker
2015-01-21 12:15:34 UTC+00 6 days, 4 min. ago
Currently, SELLING the EUR/USD pair should be avoided as much as possible at such historically low prices. On the other hand, BUYING the pair is considered a low-risk opportunity after such steep decline. That is why bullish pullback should be anticipated looking for better prices to SELL the pair off. The price zone of 1.1750-1.1820 is a recently established SUPPLY zone. Short-term SELL positions can be taken there. Stop loss should be placed above the price level of 1.1880.
Ahsan Aslam
2015-01-21 05:54:05 UTC+00 6 days, 6 hours, 26 min. ago
EUR/USD is expected to trade in lower range. It is undermined by the expectations for full-scale quantitative easing measures from the European Central Bank at its meeting Thursday and lower-than-expected Germany December PPI of -1.7% on-year (versus forecast -1.4%), broadly firmer dollar undertone and fears of Greece exit from the eurozone if the anti-austerity left-wing Syriza party wins the snap elections Sunday and renege on the country's reform program and euro sales on soft EUR/GBP cross.
Arief Makmur
2015-01-21 03:43:41 UTC+00 6 days, 8 hours, 36 min. ago
When the European market opens, no economic data will be released from the Euro Zone. But the US will publish some economic reports such as the Housing Starts and Building Permits.
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