Forex Analysis
Michael Becker
2014-07-25 13:35:43 UTC+00 23 hours, 33 min. ago
Breakdown of 1.3500 invalidated the bullish structure allowing the bears to pursue towards the price level of 1.3420 (Fibonacci Expansion 100%). Bullish pressure may be be initiated around the current prices provided that the bears fail to fixate below 1.3400 on the daily basis. However, the current short-term trend remains intact to push lower until proven otherwise so the bulls should be conservative with their long positions.
Arief Makmur
2014-07-25 03:14:56 UTC+00 1 day, 9 hours, 54 min. ago
When the European market opens, some economic news will be released such as Belgian NBB Business Climate, Private Loans y/y, M3 Money Supply y/y, German Ifo Business Climate, GfK German Consumer Climate. The US will release the economic data too such as the Durable Goods Orders m/m,
Arief Makmur
2014-07-24 02:47:15 UTC+00 2 days, 10 hours, 22 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, Italian Retail Sales m/m.The US will release
Joseph Wind
2014-07-24 01:20:40 UTC+00 2 days, 11 hours, 49 min. ago
Ahead of these data, the euro looks very good. The pair moved to a 8-month low. It is stalling near the crucial short-term support levels at 1.3450 (20Hr low), 1.3425 (20 MSma and 200 WEma), 1.3395 (50 MSma). Tomorrow again the key data - German business climate and consumer
Mourad El Keddani
2014-07-23 22:42:20 UTC+00 2 days, 14 hours, 27 min. ago
According to the previous events, the price of the EUR/USD pair has still been moving between 1.3450 and 1.3550. The level of 1.3454 is representing the double bottom, and the weekly support 1 is set at the same level. Buy above the price of 1.3454 in the long term with the first target at 1.3512. It might resume to 1.3577 if the trend will be able to break the weekly pivot point at the price of 1.3551.
Michael Becker
2014-07-23 13:24:21 UTC+00 2 days, 23 hours, 45 min. ago
The bears have already pushed towards 1.3460 which showed immediate bullish recovery. Bullish pressure may be applied around the current prices provided that the bears fail to fixate below 1.3500 on the daily basis. However, the current short-term trend remains bearish towards 1.3420 until proven otherwise.
Arief Makmur
2014-07-23 07:35:52 UTC+00 3 days, 5 hours, 33 min. ago
When the European market opens, some economic news will be released such as Consumer Confidence. The US will release the economic data too such as the Crude Oil Inventories, so amid the reports, EUR/USD will move with low volatility during this day
Joseph Wind
2014-07-23 07:23:46 UTC+00 3 days, 5 hours, 45 min. ago
The Euro drifted to an 8-month low at 1.3460. On the down side, the pair has strong support at 1.3460, below this, 1.3420 (200DEma) and 1.34 (50MSma). A week close below this, we can see 1.3295 and 1.32 in the short term. We still recommend selling until it trades below 1.37
Michael Becker
2014-07-22 15:30:43 UTC+00 3 days, 21 hour, 38 min. ago
The bears have already pushed towards 1.3460 which showed immediate bullish recovery. Bullish pressure may be applied around the current prices provided that the bears fail to fixate below 1.3500 on the daily basis. However, the current short-term trend remains bearish towards 1.3420 until proven otherwise.
Arief Makmur
2014-07-22 04:11:59 UTC+00 4 days, 8 hours, 57 min. ago
When the European market opens, there is no economic news to be released today. The US will release the economic data such as the Core CPI m/m, CPI m/m, HPI m/m, Existing Home Sales, Richmond Manufacturing Index. So amid the reports, EUR/USD will move with
Michael Becker
2014-07-21 15:42:05 UTC+00 4 days, 21 hour, 27 min. ago
The EUR/USD pair has been facing difficulty to fixate above the key level around 1.3640-1.3660 then successive bearish engulfing candlesticks originated off this price zone. Bearish pressure which originated off 1.3650 has been applying pressure on 1.3560 (the key level corresponding to the previous prominent bottom) for two days resulting in a daily closure below this price level exposing 1.3500 for retesting. Bullish pressure is expected to be applied around the current prices provided that the bears fail to fixate below 1.3500 on the daily basis.
Mourad El Keddani
2014-07-21 11:24:18 UTC+00 5 days, 1 hour, 45 min. ago
According to the previous events, the price of the EUR/USD pair is going to move between the levels of 1.3470 and 1.3560. The resistance has already set at the level of 1.3611 and the support stood at the price of 1.3462. So, we expect a range about 149 pips this week. Additionally, it should be noted that if the trend is ascending, then the strength of the currency will be defined as following: EUR is in uptrend and USD is in downtrend.
Arief Makmur
2014-07-21 03:17:11 UTC+00 5 days, 9 hours, 52 min. ago
When the European market opens, some economic news will be released such as German PPI m/m, German Buba Monthly Report.The US will not release any economic data for today, so amid the reports, EUR/USD will move with low volatility during this day. TODAY's TECHNICAL LEVELS
Joseph Wind
2014-07-21 00:51:25 UTC+00 5 days, 12 hours, 18 min. ago
Until the pair trades below 1.3575, the weekly view favors the negative side
Michael Becker
2014-07-18 13:40:04 UTC+00 1 week, 23 hours, 29 min. ago
As long as the bulls keep defending the demand zone between 1.3500-1.3475, the bullish momentum is most likely to pursue towards further targets. On the other hand, breakdown of 1.3500 invalidates the bullish structure allowing the bears to pursue initially towards the price level 1.3420. Bullish pressure is expected to be applied around the current prices provided that the bears fail to fixate below 1.3500 on daily basis.
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