EURUSD Technical Analysis – 20 24 May – Weekly Update – Euro Dollar Outlook The euro/dollar pair experienced an extension of the prevailing downside trend on Friday, moving to a low of 1.2795, before retracing to the two day low area from Wed/Thur around 1.2840 – a longer term price pivot zone. Price is now threatening…
EURUSD Technical Analysis – 14th May Update – Forex-FX-4X.com Our previous update noted that the failure, on Friday, to close under previous support could potentially see the euro/dollar pair retest the area around the 200 period SMA; squeezing the weaker euro shorts during early week trading. We noted that the 200 SMA was roughly aligned with prior support…
EURUSD Technical Analysis – 13th 17th May – Euro/Dollar Weekly Update EURUSD broke below previous 1.2950 area support on Friday but closed the day (and week) back near the 1.3000 round number area. The key currency pair has dropped almost 300 pips from the early May swing high around 1.3250. The failure to close under previous…
EURUSD Technical Analysis – 6th May 2013 – Euro Dollar Weekly Update Euro/dollar experienced a strong move back down towards the midpoint of the recent range on Wednesday after finding resistance at the 50% retrace of the last major leg lower from 1.3709 – 1.2744. This move lower came after price broke above the 16/4/13 1.3200 daily high, trapping fresh longs,…
EURUSD Technical Analysis – 3rd May 2013 – Euro Dollar Outlook EURUSD has seen a strong move back down towards the midpoint of the recent range after finding resistance at the 50% retrace of the last major leg lower from 1.3709 – 1.2744. This came after price broke above the 16/4/13 1.3200 daily high and moved to the highest point since late…
EURUSD Technical Analysis – 1st May 2013 – Euro Dollar The EURUSD pair has seen another strong push to the upside, towards recent 1.3175 area resistance. This came after a break above the 1.3100 consolidation area and a move away from the daily timeframe 200 SMA. Price is currently trading under the 16/4/13 1.3200 daily high,…
EURUSD Technical Analysis – 25th April 2013 – Euro Dollar Outlook EURUSD moved below the 1.3000 round number area and recent consolidation range lows yesterday. The currency pair subsequently formed a bullish engulfing candle on the 4-hour chart and is now trading back in the range. This bullish engulfing candle (see fig 2) formed around the 50%…
EURUSD Technical Analysis – WC 22nd April 2013 – Euro Dollar EURUSD has closed the week within the recent consolidation range after seeing resistance around the 1.3130 price pivot zone once again on Friday. This point also marks the 38.2% Fibonacci retracement of the last major leg lower. Price broke above this area earlier in the week, but…
EURUSD Technical Analysis – 17th April 2013 – Euro Dollar EUR/USD closed yesterday above the previous range resistance swing high areas around 1.3130, from 8/3/13 and 11/4/13 respectively. A look at the longer term (fig 2) chart show this technical area is also aligned with a support to resistance flip zone. This area could now potentially…
EURUSD Technical Analysis – 29th March 2013 – Euro Dollar Our recent analysis has highlighted the 1.2880 area midpoint of the range from July through Jan 2013. The D1 EURUSD chart below shows that price essentially moved back up to the 1.3000 handle after finding an element of support at this technical point of interest, but the bears…
EURUSD 21st March – Technical Analysis Update Euro/dollar is currently trading within yesterdays range, with no breakout of the high or low as of yet, the 1.2950 area prior support level has capped the upside. EURUSD once again found support at the long term range midpoint from 1.2040 – 1.3709, which is located around 1.2880; this is…
EURUSD Analysis 20th March – Technical Update EURUSD is currently trading at the 50% retrace area of the last leg down from the 1.3000 area. This also marks a price pivot as can be seen on the H1 EURUSD analysis chart below with multiple previous rejections as support and resistance. Price is also testing the…
EURUSD Technical Analysis – WC 18th March – D1 Chart Update EURUSD has closed the week above the key 1.3000 psych level, after moving to multi-month lows on Thursday and subsequently seeing a strong rejection as the dollar was broadly weaker going forward. Price moved to around 30 pips shy of the midpoint of the…
EURUSD Technical Update For 14th March – D1 Chart Analysis – Fibonacci – Price Action EURUSD has just printed a fresh 3-month + low, with a continuation of the bearish price action from yesterday, when there was a high momentum move through recent 1.2970 area support. Euro/dollar has covered 68% of the ADR today and is…
EURUSD Technical Analysis – D1, H1 Chart Update For 13th March EURUSD – H1 Chart Price moved as high as 1.3074 on the 12th March, covering a daily range of 83 pips, 87% of the ADR. This does not however reflect the volatility seen as price has oscillated within the range. The move higher came…
EURUSD Technical Analysis – Week Of 11th – 15th March 2013 EURUSD experienced an extended decline on Friday, covering 192% of the 60-day average range, to a fresh 1.2953 area low, but ultimately closing the day -0.8% lower around the 1.3000 whole number. The euro dollar price action on Friday has given a bearish daily outside…
Pre NFP : EURUSD Technical Levels – 8th March 2013 Pre the US Non Farm Payrolls event risk on Friday 8th March, these are some of the technical levels we are monitoring on the EUR/USD pair: To the upside: The 1.3150 area is a 50% and 23.6% retrace confluence area coinciding with a D1 horizontal…
EURUSD Tests Trend Line Resistance – Fibonacci Confluence Area Euro/Dollar Analysis – 7th March 2013 EURUSD is testing trend line resistance as can be seen on the hour 1 chart below. The high of today came in around 1.3042, an area where the Fibonacci 38.2% retrace and trend line resistance intersect. A sustained break above…
EURUSD Technical Analysis Update – March 6th 2013 The EURUSD currency pair has edged higher, after breaking above the inside day we highlighted yesterday, as broader market sentiment remains relatively positive. Nonetheless, the threat of a near term trend resumption lower remains. The greenback has seen a decline for the second consecutive day versus the…
EURUSD Technical Analysis Update – March 5th 2013 EURUSD has printed an inside day candle after moving as low as 1.2981, but ultimately closing above the 1.3000 round number area on the D1 timeframe. The European common currency has traded within a near 50-pip range versus the dollar throughout Monday, closing near the highs. Price…
