Monthly OutlookIn January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target is projected toward 0.9450.In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500,...
Recently, the EUR/USD has been trading sideways at the price of 1.1653. According to the 30M time frame, I found that price respected the upward trend line few times, which is sign that selling looks risky. The EUR/USD is in short term upward trend and my advice is to watch for potential buying...
The price has started to drop really nicely from our selling area. We prepare to sell below 1.1658 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to at least 1.1583 support (Fibonacci retracement, horizontal pullback support).Stochastic (55,5,3) is...
When the European market opens, some Economic Data will be released, such as Belgian NBB Business Climate, German Ifo Business Climate, and German Import Prices m/m. The US will release the Economic Data, too, such as Richmond Manufacturing Index, CB Consumer Confidence, S&P/CS Composite-20 HPI...
Technical outlook:The entire month of July, we have waited patiently for EURUSD to produce a top and reverse. This week finally seems critical for several instruments across the board for forming major tops and bottoms and hence several articles and trading plans shall be submitted to plan for this...
Recently, EUR/USD has broken above the highest resistance in 2.5 years at 1.1500. In light of the recent downbeat economic reports from the US and hawkish sentiment on the Euro amid ECB reports and speeches, the currency pair is set to continue to its bullish moves further. Today a series of...
Recently, the EUR/USD pair has been trading sideways at the price of 1.1650. According to the 30M time frame, I found strong buying pressure in the background, which is a sign that selling looks risky. The price successfully tested the previous day high and that resistance became support. The...
Monthly OutlookIn January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target is projected toward 0.9450.In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500,...
When the European market opens, some Economic Data will be released, such as Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will release the Economic Data, too, such as...
We remain bearish looking to sell below major resistance at 1.1691 (Fibonacci extension, Elliott wave theory) for a corrective push down to at least 1.1583 support (Fibonacci retracement, horizontal pullback support).Stochastic (34,5,3) is seeing major resistance below 98% where we expect a...
