The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.5707 and 1.5323.
The corrective pattern above 1.5453 is almost complete and a break below that level is to be expected, towards 1.5292 low. Initial intraday resistance is seen at 1.5580.
EUR/USD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.3445 and 1.3136.
The downtrend from 1.3498 is intact, but we favor a reversal above 1.3046 to set the focus back at 1.3370. "Trigger" on the upside is 1.3201.
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.5707 and 1.5323.
Yesterday's slide bottomed at 1.5355, but the bias continues to be negative with an initial resistance at 1.5440. We continue to expect a reversal above 1.5290 for 1.5650 with a "trigger" at 1.5490.
The pair is in a downtrend from 94.96 high. Trading is situated below the 50- and 200-day SMA, currently projected at 83.08 and 88.37.
After last week's unsuccessful test at 83.40, the overall bias continues to be negative for 82.30, en route to 81.65. Crucial resistance on the upside remains 83.40.
EUR/USD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.3445 and 1.3136.
The pair broke through 1.3201 resistance and marked an intraday high at 1.3255. The bias continues to be positive for 1.3370 with an initial support at 1.3171.
EUR/USD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.3445 and 1.3136.
The pair managed to break through 1.3170 resistance and current bias is again positive for 1.3370. Crucial on the downside is 1.3162.
January 5, 2011
Current level - 1.3264
EUR/USD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.3445 and 1.3136.
After sharply reversed at 1.3434, the pair marked an intraday low at 1.3236 and current bias continues to be negative below the important resistance at 1.3293. We expect a break above 1.3293 to initiate a rise towards 1.3434, en route to 1.35+.
EUR/USD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.3445 and 1.3136.
Yesterday's sell-off signals, that probably the whole consolidation above 1.2969 is already over, which sets the focus on 1.2920 and 1.2470. From an intraday point of view, the downtrend is still intact with a crucial level at 1.3160. Initial support is projected at 1.3050-90 reversal area.
EUR/USD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.3445 and 1.3136.
Yesterday's break below 1.3050 confirmed, that the prolonged consolidation above 1.2969 is already over, and set the focus at 1.2730, en route to 1.2470. Keeping in mind the importance of 1.2920 support we favor a consolidation pattern above that level and 1.3022 intraday resistance is crucial for current slide since 1.3434.
EUR/USD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.3445 and 1.3136.
The expected corrective pattern above 1.2870 is already on the run and there is a chance for one more upswing beyond 1.3022, but expect it to be limited below 1.3079 resistance area before next leg downwards to 1.2670.
EUR/USD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
The intraday bias continues to be positive after the recent break above 1.3080 and the pair is currently testing the dynamic projection around 1.3160. We still think, that the rebound above 1.2870 is corrective in nature and expect a reversal to set the beginning of a slide towards 1.2647. Important resistance on the upside is 1.3250.
EUR/USD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
The pair has already entered a larger consolidation below 1.3459, targeting 1.3190 support area. The intraday bias is negative with an initial resistance at 1.3323.
EUR/USD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
The consolidation pattern below 1.3459 has been completed at 1.3245 low and current bias is positive for 1.35+, en route to 1.3830 major resistance. Initial support is projected at 1.3340.
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.5707 and 1.5323.
The uptrend is intact and although current consolidation below 1.6059 has potential for one more downswing to 1.5930, the overall bias remains bullish for 1.6184 and 1.6301.
EUR/USD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
Still in the consolidation pattern below 1.3539 and the overall bias remains bullish for 1.3642, en route to 1.3830. Crucial on the larger frames is 1.3250.
EUR/USD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
With yesterday's break above 1.3679 resistance, the bias switched to positive, aiming at a tight test of 1.3830 area. Initial support on the downside is 1.3679 and this level should provide a reliable base for an upswing towards 1.3830.
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.5707 and 1.5323.
The uptrend is intact, consolidating below 1.6190 minor resistance. The overall bias remains bullish for 1.6301 main target with an initial support at 1.6126.
February 3, 2011
Current level - 1.6213
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.5707 and 1.5323.
Yesterday's corrective pattern has been limited above 1.6138 and now the uptrend is renewed, towards the main target at 1.6301. Initial intraday support is seen at 1.6201, followed by the crucial 1.6138.
EUR/USD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
The bias continues to be negative for 1.3420 support area with an initial resistance at 1.3624. Crucial on the upside is 1.3675.
