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.
Although the pair dipped a bit deeper than expected, the uptrend has been renewed, targeting 83.20 and 83.68. Initial support is projected at 82.42, followed by the crucial area at 81.78.
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 precise test of 1.3740 resistance, the corrective pattern above 1.3508 has ended and current bias is negative for a break below 1.3609, towards 1.3508 and 1.3420. Initial resistance on the upside is 1.3667.
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.
After brief consolidation above 1.3508, the downtrend has been renewed towards our main target at 1.3420. Initial intraday resistance comes at 1.3504 and crucial on the upside is 1.3558.
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.
We think, that the prolonged consolidation below 1.6278 is already over and a break above 1.6138 will confirm, that the overall uptrend is renewed, towards 1.6410.
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 focus remains set at 1.6320 dynamic resistance with an initial support at 1.3537 and crucial for the whole pattern above 1.3428 is already 1.3477.
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.
Yesterday's sell-off was the second test of 1.3420 support area and as it failed we are rather bullish for 1.3740, en route to 1.3860.
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.
There is a clear uptrend from 1.5896, aiming at 1.6278, en route to 1.6410. Initial support is projected at 1.6180 and crucial on the downside is 1.6149.
EUR/USD is in a downtrend, after peaking at 1.4283 (November 4, 2010). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
As expected, the pair broke through 1.3620 resistance and reached a local top at 1.3716. This is a minor consolidation below 1.3740 resistance, preceding next leg upwards to 1.3860. Important support is projected at 1.3630 and the intraday bias is neutral, so expect a prolonged range between 1.3716 and 1.3630.
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.
Still in the consolidation pattern below 83.97 and the intraday bias is negative for 82.50. On the 4h. chart the outlook remains bullish for a break beyond 84.51.
EUR/USD is in a downtrend, after peaking at 1.4283 (November 4, 2010). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
Yesterday's sell-off has been reversed at 1.3526 and current bias is positive for a break through 1.3740 resistance, towards 1.3860. Initial support is projected at 1.3701, followed by the crucial 1.3680.
EUR/USD is in a range, after peaking at 1.4283 (November 4, 2010). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
Although Friday's pullback was deeper than expected, the unsuccessful test of 1.3701 support confirms, that the overall bias remains totally bullish for a break beyond 1.3860, towards 1.40+ sentiment area. Initial intraday support is projected at 1.3767.
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.
As expected, the pair broke through 1.6278 and finally the consolidation below that resistance is over. Current bias is positive for 1.6410, en route to 1.6750. Crucial on intraday basis is 1.6250.
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.
Although yesterday's break below 1.6250 marked a minor reversal, this slide is to be considered only corrective in nature and the overall bias remains totally bullish for 1.6410.
EUR/USD is in a range, after peaking at 1.4283 (November 4, 2010). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
The uptrend reached 1.40 sentiment area and the overall bias remains absolutely bullish for a test of the previous peak at 1.4283. Initial support is projected at 1.3940, followed by the crucial area at 1.3860-70.
EUR/USD is in a range, after peaking at 1.4283 (November 4, 2010). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
Current slide is corrective in nature, before next leg upwards towards 1.4283 area. The intraday bias is negative and the pair is likely to test 1.3889 dynamic support, but expect trading to be limited above 1.3860 static level.
EUR/USD is in a range, after peaking at 1.4283 (November 4, 2010). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
Yesterday's slide tested precisely 1.3860 support area, but there are still no convincing signs of a reversal for a renewal of the overall uptrend. The intraday bias is negative and an eventual break below 1.3860 will set the focus at the next support around 1.3710. We continue to favor the bullish idea and will expect a break above 1.3950 resistance to initiate a rise for 1.4037.
EUR/USD is in a range, after peaking at 1.4283 (November 4, 2010). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
Yesterday's test of 1.3950 resistance failed and the rebound above 1.3860 is by all means corrective in nature, so we will expect a break through 1.3860 to set the focus at 1.3710. Crucial on the upside is 1.3925.
EUR/USD is in a range, after peaking at 1.4283 (November 4, 2010). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
The reversal at 1.3750 sets the final of the corrective slide from 1.4037 and current bias is positive for a break through 1.4037, en route to 1.4283. Initial support is 1.3886, followed by the crucial area at 1.3850-60.
March 15, 2011
Current level - 1.3935
EUR/USD is in a range, after peaking at 1.4283 (November 4, 2010). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
Current sell-off from 1.4005 is profit-taking ahead of FOMC's meeting today and the intraday bias is negative for 1.3843, en route to 1.3750. On the larger frames our outlook remains bullish above 1.3710 for 1.4280.
