EURUSD Technical Analysis Update – March 4th Outlook EURUSD moved as low as 1.2965 on Friday, clearing stops under the 1.3000 handle, but ultimately closing the day above previous support as per the D1 chart below. The euro/dollar currency pair has however managed to close under the 61.8% Fibonacci retrace level. 150% of the AWR…
EURUSD Analysis – Outlook 28th February 2013 EURUSD experienced a corrective upside move on Wednesday, driven in part by the positive outcome of a bond sale in Italy. Prior to this, the euro had seen a decline in value of around 1% against the greenback on Monday, into the 61.8% Fibonacci retrace area, on heightened concerns…
EURUSD Technical Analysis Update – Outlook For 27th February From a sentiment perspective, we note that the EURUSD currency pair has seen an extended decline this week as the political stalemate in Italy affected the cost of borrowing for the nations government. The european single currency has hit the weakest level seen since the beginning of this…
(Mary McCarthy, Forex-FX-4X.com, 26/2/13) The EURUSD currency pair declined to around 1.3046 on Monday, a six-week low, with market participants focusing on political developments in Italy. The drop today had the euro hit the lowest level seen since January 10th. Heightened concerns around a potential deadlocked Italian parliament, which could pose a threat to Italy’s…
EURUSD Technical Analysis – Week Of 25th February 2013 - FX Price Action Update The EURUSD 1.3150 pivot area ultimately held as support on Friday, after a week which had the currency pair drop from 1.3433 – 1.3144, covering 123% of the AWR (average weekly range) over 26 weeks. The price action following the Fed policy meeting minutes…
EURUSD Technical Analysis – 22nd February 2013 – FX Price Action Update Our previous update highlighted the 1.3150 area as a technical point of interest, as this has been a key EURUSD price pivot and provided both resistance and support over recent months. Price has today tested this area once again, with the earlier move…
EURUSD Technical Analysis – Week Of 18th February 2013 – FX Price Action Update Euro/dollar has closed almost flat on the weekly basis and a marginal 2 pips lower than the open after covering a range of 213 pips – 93% of the average weekly range (26-weeks). Friday had the EURUSD currency pair printing the lowest…
EURUSD Technical Analysis – February 15th 2013 Our previous EURUSD technical analysis update focused on the pinbar which had formed on the 1 hour timeframe chart around the 1.3500 round number area. This key round number level coincided with the 61.8% Fibonacci retrace and the 1 hour 200 SMA. Price has subsequently dropped around 200 pips to today’s 1.3313 low and is…
EURUSD Price Action – Pinbar Rejection At Key Round Number Area The EURUSD pair has seen a breakout and subsequent rejection from the key 1.3500 handle psychological round number area, as the euro erased intra-day gains versus the US dollar, following a rally to the fresh weekly high of 1.3518. A pinbar formed on the 1 hour timeframe chart during the…
EURUSD Technical Analysis – WC 11th February 2013 – FX Price Action Update The EURUSD pair has seen a steep decline, on significant and sustained pressure, from 1.3647 to 1.3351 on the weekly basis. This 296 pip weekly range was 130% of the average over 26 weeks and culminated in a drop of 2.11% for the euro/dollar. The…
EURUSD Flag Breakout – Intra-day Price Action Update – 8th February Our last update noted that the EURUSD pair was trading close to the prior resistance area around 1.3390, and that this area had the potential to subsequently act as support. Price then moved as high as 1.3428, and through our first potential trouble area target…
EURUSD Technical Analysis – FX Price Action Update – 8th February 2013 The EURUSD pair has seen a sustained move lower after struggling to break above the 1.3580 area price pivot – an area we highlighted as potential resistance in the last update. Euro/dollar today moved 256% of the average daily range over 60 days and has covered…
EURUSD Technical Analysis Update – 5th February 2013 The EURUSD currency pair is currently trading just above the 1.3500 handle. This comes after a (-0.92%) daily basis decline for the euro/dollar, as a risk aversion theme dominated the price action today and global stock markets experienced corrective moves lower. Price moved 188% of the ADR (average…
EURUSD Technical Analysis – FX Price Action Update – 4/2/13 Euro / dollar has seen an increase of 1.30% on the weekly basis on a continuation of the prevailing bullish trend. Price closed the week just above the 1.3600 handle after moving as high as 1.3710 on Friday. The nearby 1.3586 – 93 zone marks…
FX Technical Analysis – EURUSD Range Breakout – Outlook WC 28/1/13 (Forex-FX-4X.com, EUR/USD Technical Analysis, WC 28th Jan) EURUSD analysis – Our EURUSD Technical update from Friday focused on the recent strength of the euro versus its currency counterparts and the consolidation range pattern as shown below (fig 1). Price has subsequently seen a breakout…
EURUSD Technical Update 25/1/13 – Broad Euro Strength – EURUSD Testing Range Resistance (Forex-FX-4X.com, EURUSD Technical Analysis, 25th January 2013) The EURUSD currency pair continues to move within the recent tight consolidation range and is currently threatening the 1.3400 area resistance highs. This comes as the euro has seen a daily basis gain of around…
EURUSD Technical Analysis–FX Price Action Update–22/1/13 The EURUSD currency pair has broken above yesterdays 1.3299 – 1.3331 tight trading range and is once again close to the 1.3400 handle range highs. Price was capped around the 1.3333 area pivot zone yesterday and any move lower could potentially see an element of support around this technical…
EURUSD Technical Analysis – FX Price Action – WC 21/1/13 The EUR/USD currency pair has been trading in a range between 1.3255 – 1.3403 since around the 11th Jan. The lower end of this range has seen support near the prior resistance highs from late December thru January. The range resistance highs are likewise aligned…
EURUSD Technical Analysis Update – 18th January 2013 The EURUSD pair retraced recent losses on Thursday as the EUR is once again outperforming its currency major counterparts on improved sentiment in Europe. Significant gains have recently been seen on the EURCHF, EURGBP and EURJPY currency pairs amongst others. Price has ultimately found strong support in the EURUSD…
EURUSD Technical Analysis – FX Price Action Update – For 15th January The euro continued with the recent upside trajectory on Monday, moving to a fresh 11-month high against the greenback and hitting recent highs versus sterling and the Swiss Franc, on continued signs of increasing risk appetite. The aforementioned EUR/CHF pair has seen a 136 pip…
