Forex Analysis
Michael Becker
2014-09-01 15:35:54 UTC+00 5 hours, 25 min. ago
The short-term bearish trend remains intact as long as the bears keep defending the price zone of 1.3420-1.3450. In case the bears keep applying significant bearish pressure, the EUR/USD pair has Intraday DEMAND zone located between 1.3200 - 1.3150 respectively (Fibonacci Expansion Levels). The pair has been trading between these levels during the previous week. However, daily closure should be considered to determine if the current breakdown will persist or a corrective move towards 1.3300 will take place.
Mourad El Keddani
2014-09-01 11:17:15 UTC+00 9 hours, 43 min. ago
According to the previous events, the price of the EUR/USD pair has still been moving between the levels of 1.3110 and 1.3150. Moreover, it should be noted that the market was quite stable and the trend was also clear (downward), but the range was not very large around 89 pips last week. Additionally, the value of 38.2% Fibonacci retracement levels is 1.3165 (the weekly pivot point is set at the price of 1.3161). So, the key level of 1.3161 is presented for a downtrend to confirm a bearish market. This level will act as strong resistance because it coincides with the weekly pivot point on the first of September, 2014. Therefore, sell deals are recommended below the 1.3161 level
Arief Makmur
2014-09-01 01:26:04 UTC+00 19 hours, 34 min. ago
When the European market opens, some important news are expected in the economic calendar.
Joseph Wind
2014-09-01 00:28:22 UTC+00 20 hours, 32 min. ago
The pair is struggling to cross 1.3135 in an early Pacific session. We recommend buying only above 1.3150 for an hourly trading / speculation perspective. The pair has resistance at the 1.3148 1.3176, 1.3187, and 1.32 levels.
Michael Becker
2014-08-29 15:33:15 UTC+00 3 days, 5 hours, 27 min. ago
The pair has been trading between these levels since Monday. However, daily closure should be considered to determine if the current breakdown will persist or a corrective move towards 1.3300 will take place. Bullish fixation above 1.3285 is essential to acquire a momentum strong enough to initiate a bullish corrective move towards 1.3340 and 1.3410 as well.
Mourad El Keddani
2014-08-29 09:29:48 UTC+00 3 days, 11 hours, 31 min. ago
The EUR/USD pair rebounded at the level of 1.3220. It showed signs of strength following the level of 1.3220. As expected, the minor support was broken and turned to minor resistance at the same key level (1.3220). Another thought, the price set below the resistance four days ago. Consequently, the pair has already formed a big gap around the spot of 1.3220 and 1.3240. Furthermore, the price has still been moving between 1.3220 and 1.3150. Therefore, the EUR/USD pair started showing the signs of a bearish market. So, the market indicates the bearish opportunity at the level of 1.3220/.3240 with the first target of 1.3170, and continues towards the level of 1.3115 in order to try testing the weekly support 2.
Arief Makmur
2014-08-29 02:15:23 UTC+00 3 days, 18 hours, 45 min. ago
When the European market opens, some economic news will be released such as German Retail Sales m/m, Italian Monthly Unemployment Rate, Italian Quarterly Unemployment Rate, CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Unemployment Rate as well as Italian Prelim CPI m/m.The US will release its Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, and Revised UoM Inflation Expectations. So amid the reports, EUR/USD
Michael Becker
2014-08-28 15:39:13 UTC+00 4 days, 5 hours, 21 min. ago
In case bears keep applying significant bearish pressure, the EUR/USD pair has Intraday DEMAND zone located between 1.3200 - 1.3150 respectively (Fibonacci Expansion Levels). The pair has been trading between these levels since Monday. However, daily closure should be considered to determine if the current breakdown will persist or a corrective move towards 1.3300 will take place. Bullish fixation above 1.3285 is essential to acquire a momentum strong enough to initiate a bullish corrective move towards 1.3340 and 1.3410 as well.
Arief Makmur
2014-08-28 02:44:29 UTC+00 4 days, 18 hours, 16 min. ago
When the European market opens, some economic news will be released such as German Prelim CPI m/m, Spanish Flash CPI y/y, German Unemployment Change, M3 Money Supply y/y, Private Loans y/y, Italian Retail Sales m/m, and Italian 10-y Bond Auction.The US will unveil its Prelim GDP q/q, Unemployment Claims, Prelim GDP Price Index q/q, Pending Home Sales m/m, and Natural Gas Storage
Joseph Wind
2014-08-28 02:03:51 UTC+00 4 days, 18 hours, 57 min. ago
The pair has the nearest resistance at 1.3225 or 34hr sma. If the prices manage to breach the 1.3225 level, it can fly up to 1.3240 and 1.3265 levels.
Michael Becker
2014-08-27 12:09:00 UTC+00 5 days, 8 hours, 52 min. ago
The short-term bearish trend remains intact as long as the bears keep defending the price zone of 1.3420-1.3450. In case the bears keep applying significant bearish pressure, the EUR/USD pair has Intraday DEMAND zone located between 1.3200 - 1.3150 respectively (Fibonacci Expansion Levels). The pair has been trading below these levels since Monday. However, daily closure should be considered to determine if the current breakdown will persist or not. On the other hand, bullish fixation above 1.3285 is essential to acquire a momentum strong enough to initiate a bullish corrective move towards 1.3340 and 1.3410 as well.
Arief Makmur
2014-08-27 02:37:09 UTC+00 5 days, 18 hours, 23 min. ago
When the European market opens, some economic news will be released such as
Mourad El Keddani
2014-08-26 11:17:22 UTC+00 6 days, 9 hours, 43 min. ago
The EUR/USD pair has rebounded from the minor support at the level of 1.3174. Now, it is approaching its support in order to test it. But as it is shown on the chart, the price has opened below the gap at the price of 1.3194. Moreover, it should be noted that the price of 1.3285 represents the weekly pivot point on August 26, 2014. Equally important, the weekly pivot point coincides with the ratio of 38.2% Fibonacci retracement levels in H1 chart. Consequently, it will probably start upside movement in this area and recover again. Therefore, it will be a good sign to sell at this spot with the first target of 1.3174 (it should be noted that this level will form the weekly support 1)
Mourad El Keddani
2014-08-26 11:17:22 UTC+00 6 days, 9 hours, 43 min. ago
The EUR/USD pair has rebounded from the minor support at the level of 1.3174. Now, it is approaching its support in order to test it. But as it is shown on the chart, the price has opened below the gap at the price of 1.3194. Moreover, it should be noted that the price of 1.3285 represents the weekly pivot point on August 26, 2014. Equally important, the weekly pivot point coincides with the ratio of 38.2% Fibonacci retracement levels in H1 chart. Consequently, it will probably start upside movement in this area and recover again. Therefore, it will be a good sign to sell at this spot with the first target of 1.3174 (it should be noted that this level will form the weekly support 1).
Joseph Wind
2014-08-26 04:15:19 UTC+00 6 days, 16 hours, 45 min. ago
The pair has support at the 172-171.95 levels. The pair was rejected from the 2-month descending trend line. We recommend a fresh sell below 171.95 with a target of 171.63; panic will trigger below this level.
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