The pair is in a broad consolidation above 84.78 short-term low. Trading is situated below the 50- and 200-day SMA, currently projected at 92.60 and 91.06.
The downtrend is intact, aiming at 84.78 main target. Initial resistance comes at 85.68, followed by the crucial 85.90 and an eventual break above it will signal a larger consolidation towards 86.30 major resistance.
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4986 and 1.5539.
The slide below 1.5860 confirmed our idea, that the uptrend since 1.5550 has been completed at 1.5970 and currently a minor consolidation is underway, preceding next advance towards 1.6070 reversal area. The intraday bias is negative while the trading takes place below 1.5872 resistance and 1.5910 is the trigger on the upside, that will clear the way for 1.6070.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
The pair filled our target at 1.3310, reaching a local high at 1.3335. One more spike high is to be expected, before reversal for 1.3107, en route to 1.2731. Initial intraday support comes at 1.3235 and while this level is intact, the focus will be set on 1.3376.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
The slide below 1.3235 support neutralized the positive bias and with the break below 1.3158 a top has been set at 1.3235, being a final of the whole uptrend since 1.2731 low. Current bias is negative for a break below 1.3118, towards 1.2980, en route to 1.2731. Initial resistance is seen at 1.3211 and we hope that this level will cap the upside and will provoke a reversal for the expected sell-off.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Yesterday's volatility swings are simply a confirmation of our idea, that an important top is in place at 1.3335 and current bias is negative for a test of the 1.2980 support, en route to 1.2731. Crucial resistance on the upside is 1.3170.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
The overall bias remains bearish and current rebound above 1.2829 is corrective in nature, preceding next slide towards 1.2720 reversal area. The resistance at 1.2960-80 should cap the upside for the next sell-off.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
A bottom has been set at 1.2779 and it was the final of the side since 1.3335 high, so currently a larger consolidation is underway, preceding next sell towards 1.2470 support. The intraday bias is positive, supported at 1.2865.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
The support area around 1.2720 could provoke a larger rebound to 1.2970 and probably 1.3060 before next leg downwards, to 1.2470. Our outlook is positive for a bream above 1.2906, which will confirm, that a bottom is in place. Intraday support comes at 1.2770.
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4986 and 1.5539.
Yesterday's high at 1.5702 was a test of the 1.5712 resistance and this was the first leg of the consolidation pattern above 1.5533. Current pullback is corrective in nature, preceding a break above 1.5695, towards 1.5806.
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4986 and 1.5539.
Yesterday's impulsive rise was probably the final part of the consolidation since 1.5533 low and currently the pair is ready to renew its downtrend towards 1.5330, en route to 1.5118. Initial resistance comes at 1.5588.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Yesterday's rise to 1.2902 signaled, that the consolidation above 1.2730 is still on the run, but our view remains absolutely bearish for a break below that minimum, towards 1.2475. Initial intraday resistance is seen at 1.2853 and crucial is 1.2902.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
With the recent break below 1.2780 and 1.2731 the overall downtrend has been renewed towards 1.2475. Current rebound is corrective, aiming to test 1.2750 resistance before deeper drowning below 1.2662, to 1.2560. Trigger on the downside is 1.2690.
The pair is in a broad consolidation above 84.78 short-term low. Trading is situated below the 50- and 200-day SMA, currently projected at 92.60 and 91.06.
At last, there is a break below 84.70 low and it confirms our negative outlook for 82.50, en route to 79.60. Initial resistance on the upside is 85.09 and crucial is 85.82. With current extremely negative bias here and all the majors downtrending, yen crosses provide good trading opportunities.
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4986 and 1.5539.
The rebound above 1.5371 is nothing more than a minor corrective phase above 1.5335 support area and we expect 1.5480 to cap the upside for the next leg downwards, to 1.5118 main target.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Although the resistance area at 1.2750-80 is intact and the bias on the 4h. chart is still negative we favor the idea, that a larger rebound is on the run, towards 1.2920 resistance area. The intraday bias is positive above 1.2670 and crucial is 1.2610.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
We are still bullish on the pair for 1.2840 and 1.2920. Initial intraday support comes at 1.2690, followed by the crucial area around 1.2650.
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4986 and 1.5539.
Friday's sell-off couldn't break below the crucial 1.5440 and we believe, that it was the final leg of the second phase of the consolidation above 1.5371 low. So the overall bias remains bullish for 1.5700 with an intraday support at 1.5510.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Yesterday's break below the crucial 1.2677 set an end to the rebound above 1.2587 and current bias is negative towards 1.2475. Intraday resistance is seen at 1.2680.
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4986 and 1.5539.
Yesterday's sell-off bottomed at 1.5325 and current rebound is corrective before deeper drowning towards 1.5118. Important intraday resistance is seen at 1.5452.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Yesterday's break above 1.2740 initiated a strong impulse to 1.2854 and current pullback is corrective, preceding next leg upwards for a test of 1.2920 resistance area. We continue to favor a reversal around 1.2920 for a sell-off towards 1.2587, en route to 1.2475.
