Forex Analysis
Arief Makmur
2014-12-19 03:36:11 UTC+00 10 hours, 43 min. ago
When the European market opens, some economic news will be released such as EU Economic Summit, Current Account, German PPI m/m, and GfK German Consumer Climate.
Mourad El Keddani
2014-12-19 00:35:11 UTC+00 13 hours, 44 min. ago
The price of EUR/USD pair has still been moving between 1.2320 and 1.2240. Additionally, it should be noted that the range was about 80 pips (1.2320 - 1.2240) today. Furthermore, the trend was very clear and was indicating in downtrend from the level of 1.2320. Accordingly, we expect that the trend is going to call for a bearish market at the level of 1.2320 in H1 chart. As a result, sell at the price of 1.2320 with the first target at 1.2263, it might resume to 1.2246 in order to test the double bottom. On the other hand, your stop loss should be placed above the 1.2322 (23.6% of Fibonacci retracement levels), for this reason, it will be beneficial to set it at the price of 1.2345.
Arief Makmur
2014-12-18 03:33:20 UTC+00 1 day, 10 hours, 46 min. ago
When the European market opens, some economic news will be released such as Spanish 10-y Bond Auction and German Ifo Business Climate.
Mourad El Keddani
2014-12-17 13:22:51 UTC+00 2 days, 56 min. ago
The EUR/USD pair has broken a major support at the level of 1.2502. But in case the daily pivot point is at the 1.2446 level, the market will indicate a bearish opportunity below this price. Additionally, it is now approaching it, therefore, it will probably start downside movement at this area and recover again. So the market will indicate a bearish opportunity at the price of 1.2440. In the long term, it should be noticed that we got a weekly pivot point of EUR/USD pair for December 15-19, 2014 at the level of 1.2400. Therefore, the market will probably indicate a bearish opportunity at the levels of 1.2440.
Arief Makmur
2014-12-17 04:09:55 UTC+00 2 days, 10 hours, 9 min. ago
When the European market opens, some economic news will be released such as Final Core CPI y/y and Final CPI y/y. The US will also publish a bunch of economic data such as the Federal Funds Rate, Crude Oil Inventories, Current Account, Core CPI m/m, and CPI m/m.
Michael Becker
2014-12-16 16:38:12 UTC+00 2 days, 21 hour, 41 min. ago
Yesterday, the market applied quite significant bullish pressure at retesting the price level of 1.2410 where the lower limit of the depicted channel is located. As anticipated, 4H closure above the price zone of 1.2460-1.2480 (Wednesday's daily high) invalidated the bearish scenario temporarily exposing the price levels of 1.2580-1.2600 for retesting.
Arief Makmur
2014-12-16 04:36:42 UTC+00 3 days, 9 hours, 43 min. ago
When the European market opens, lots of major economic reports will be released such as Trade Balance, ZEW Economic Sentiment, German ZEW Economic Sentiment, Italian Trade Balance, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI.
Joseph Wind
2014-12-16 02:19:49 UTC+00 3 days, 11 hours, 59 min. ago
The pair has intraday support at 1.2400. We recommend selling below 1.2400 and 34hrsma with the targets at 1.2375, 1.2360, 1.2340, and 1.2300.
Michael Becker
2014-12-15 16:28:19 UTC+00 3 days, 21 hour, 51 min. ago
Last week, bulls spiked up to 1.2496. However, the market came back to trade below 1.2400. It could represent a failed bullish breakout off the upper limit of the depicted movement channel. Fixation below the technical key level of 1.2370 is mandatory to maintain enough bearish momentum to push towards 1.2200. Thus, confirming another double-top reversal pattern. On the other hand, 4H closure above the price zone of 1.2460-1.2480 (Wednesday's daily high) invalidates the suggested bearish scenario temporarily exposing price levels of 1.2580 for retesting.
Mourad El Keddani
2014-12-15 13:24:17 UTC+00 4 days, 55 min. ago
In the short term, the price of the EUR/USD pair is going to turn to a bearish trend from the level of 1.2494. Also, it should be noted that the level of 1.2494 represents the ratio of 100% Fibonacci retracement levels in the H1 chart and also the double top at the same frame time since last week. Accordingly, it will be a good sign to sell below 1.2490 with the first target of 1.2400 to test the the weekly pivot point at this price. Then, it will call for a downtrend in order to continue its bearish movement towards 1.2324 (the weekly minor support). Moreover, it might be noted that the strong support will set at the level of 1.2307 in the next hours.
Joseph Wind
2014-12-15 02:25:07 UTC+00 4 days, 11 hours, 54 min. ago
We recommend selling ahead of the key data from the eurozone and US.
Michael Becker
2014-12-12 15:23:14 UTC+00 6 days, 22 hours, 56 min. ago
Yesterday, bulls spiked up to 1.2496. However, the market came back to trade below 1.2400. It could represent a failed bullish breakout off the upper limit of the depicted movement channel. Fixation below the technical key level of 1.2370 is mandatory to maintain enough bearish momentum to push towards 1.2200. On the other hand, 4H closure above the price zone of 1.2460-1.2480 (Wednesday's daily high) invalidates the suggested bearish scenario temporarily exposing the price levels of 1.2580 for retesting.
Mourad El Keddani
2014-12-12 10:51:38 UTC+00 1 week, 3 hours, 28 min. ago
The market of the EUR/USD pair will turn to bearish sentiment from the level of 1.2470. Additionally, the resistance will be set at the level of 1.2489. Also, we expect a new range of 97 pips today. Therefore, it will be a good sign to sell at the 1.2470 or 1.2489 prices with the first target at 1.2405. Furthermore, it will continue in downtrend in order to keep its bearish movement towards 1.2371 (it should also be noted that the level of 1.2371 is going to form a double bottom). Nevertheless, the stop loss should never exceed your maximum exposure amounts. Accordingly, the stop loss should be placed above 1.2494 (double tops in the H1 chart) at the price of 1.2515.
Arief Makmur
2014-12-12 04:40:46 UTC+00 1 week, 9 hours, 39 min. ago
When the European market opens, some economic news will be released such as German WPI m/m, Industrial Production m/m, and Employment Change q/q.
Joseph Wind
2014-12-12 02:07:50 UTC+00 1 week, 12 hours, 11 min. ago
We recommend Intraday fresh selling below 1.2360 with the targets at 1.2340 and 1.2300. Bears hold the grip, until the prices close below 1.2450 on a daily closing basis. On the higher side, it has resistance at 1.2420 and 1.2430.
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