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 test at 1.5977 failed, we are not convinced, that current rise is the beginning of an uptrend for 1.6340, so we favor the idea, that the consolidation pattern above 1.5977 is still on the run and one more leg downwards to 1.5730 should be expected. The intraday bias is positive with crucial level at 1.6047.
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.
With the third, unsuccessful test of 1.5970 our outlook transforms into bullish for a break through 1.6200, towards 1.6340 and 1.65+. Crucial intraday support is 1.6047.
March 18, 2011
Current level - 1.4063
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 brief consolidation was limited above 1.3977 support and the uptrend is renewed towards 1.41+, en route to 1.4283. Initial support is projected at 1.4039 and crucial on the downside is 1.3977.
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.
A local top has been reached at 1.4197 and current slide is corrective, preceding next advance towards 1.4283 high. Initial intraday support is projected at 1.4123 and trigger on the upside is 1.4187.
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6090 and 1.5715.
Yesterday's high at 1.6326 provoked only a minor corrective pattern and the overall bias remains absolutely bullish for 1.6560. Crucial on the downside is 1.6290.
EUR/USD is in a range, after peaking at 1.4283 (November 4, 2010). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3720 and 1.3310.
Yesterday's high at 1.4248 was actually a test of 1.4283 top on the daily chart and the sell-off that followed is the beginning of a larger corrective pattern for a test of 1.40+ support area. Important intraday support is projected at 1.4144 and we expect break below that level to set the focus at 1.4037. Crucial resistance is 1.4220.
EUR/USD is in a range, after peaking at 1.4283 (November 4, 2010). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3720 and 1.3310.
The downtrend from 1.4248 bottomed at 1.4052, few pips above our idealized target at 1.4037 and we are already switching to the long side with targets around 1.4220. Initial resistance on the upside is 1.4150.
EUR/USD is in a range, after peaking at 1.4283 (November 4, 2010). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3720 and 1.3310.
Our target at 1.4220 has been filled and the market reversed, urging us to switch to the short side again with targets above the 1.4037 support. We expect a break below 1.4150 to aim at the minor 1.4110, en route to 1.4050. Crucial on the upside is 1.4193.
EUR/USD is in a range, after peaking at 1.4283 (November 4, 2010). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3720 and 1.3310.
Although this week's first trading session began with a "gap"to 1.4021 we are still bullish for a test of and break through 1.4110, en route to 1.4220. Initial intraday resistance is projected at 1.4110.
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6090 and 1.5715.
Yesterday's low at 1.5935 marked the beginning of the expected consolidation pattern and this minimum is already confirmed to be the final of the downtrend from 1.6402. Current rebound above 1.5935 should be limited below 1.6140 resistance, before deeper drowning towards 1.5670. The intraday bias is positive and we expect a break above 1.6047 minor resistance towards 1.6140 area.
EUR/USD is in a range, after peaking at 1.4283 (November 4, 2010). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3720 and 1.3310.
The intraday bias is positive for another test of 1.4150-80 resistance area, but on the mid-frames there is a bearish setup for a break below 1.4020, towards 1.3855, en route to 1.3755. Crucial for our idea is 1.4220.
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6090 and 1.5715.
The intraday bias is still positive with a minor support at 1.6114 and crucial level at 1.6082, but we hold on to our bearish outlook for a reversal around 1.6140, that should set the beginning of a new downward wave towards 1.5670. Trigger on the downside is 1.6010.
EUR/USD is in a range, after peaking at 1.4283 (November 4, 2010). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3720 and 1.3310.
The upmove from 1.4021 low is still intact and is well supported at 1.4147 static level. On the lower frames there is a downtrend from 1.4233 and we will expect a break below 1.4147, towards 1.4050, en route to 1.3855.
EUR/USD is in a range, after peaking at 1.4283 (November 4, 2010). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3720 and 1.3310.
Friday's test of 1.4050 support failed and a sharp reversal followed, initiating a rise all the way up to 1.4268. The bias on the mid-frame is bullish for a tight test of 1.4283 high, but the intraday outlook is bearish for 1.4179 support.
EUR/USD is in a an uptrend, after bottoming at 1.2870 (January 9, 2011). Technical indicators are ascending and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3720 and 1.3310.
With the recent peak above 1.4283 high the bias is absolutely bullish and there is no market static resistance all the way up to 1.4580. Current rise from 1.4150 is well supported at 1.4270 with a crucial level at 1.4250. Initial target on the upside is 1.4390.
EUR/USD is in a an uptrend, after bottoming at 1.2870 (January 9, 2011). Technical indicators are ascending and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3720 and 1.3310.
The corrective phase below 1.4344 tested precisely 1.4250 support area and the uptrend has been renewed for 1.4460, en route to 1.4580. Initial support is projected at 1.4350 and crucial level is already 1.4288.
EUR/USD is in a an uptrend, after bottoming at 1.2870 (January 9, 2011). Technical indicators are ascending and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3917 and 1.3440.
One more test of 1.4520 resistance failed and the pair remains in a consolidation mode below 1.4520. The intraday bis is negative for 1.4250 major support with an initial resistance at 1.4390.
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6090 and 1.5715.
Yesterday's sell-off precisely tested 1.6170 support and the pair reversed, initiating a rise towards 1.6330, en route to 1.6427. The intraday bias is positive with an initial support at 1.6230.
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6090 and 1.5715.
Yesterday's break above 1.6375 resistance confirmed a "bullish flag"on the 4h. chart for 1.6570, en route to 1.6750. Current bias is positive for 1.6570 with an initial support at 1.6427 and crucial level at 1.6385.
EUR/USD is in a an uptrend, after bottoming at 1.2870 (January 9, 2011). Technical indicators are ascending and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3917 and 1.3440.
Last week's top at 1.4648 marked the final of the uptrend from 1.4157 low. Current slide from 1.4648 is corrective in nature, preceding next wave upwards to 1.4830-60 dynamic projection. Confirmative on the upside is 1.4627.
