EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
With yesterday's break below 1.4317 low the downtrend has been renewed, targeting 1.3969 support area. Current intraday bias is negative below 1.4155 resistance, for 1.4040 and crucial on the upside is 1.4201.
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
The recent break above 1.4201 crucial area signals, that the downtrend from 1.4497 is over and a larger consolidation pattern is underway. Intraday expect an upswing towards 1.4270 and current rebound above 1.4072 should be limited below 1.4320 major resistance before deeper drowning towards 1.3970.
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
Friday's test of 1.4320 resistance area failed and the bias on the 4h. chart continues to be negative for 1.3969. The intraday outlook is also bearish for 1.4128, en route to 1.4070 with an initial resistance at 1.4260 and crucial level at 1.4290.
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.
Although there was a break above 1.6225 resistance area, I think it was a non-important one and I continue to expect the beginning of a downtrend for a break through 1.5077 low. My previous target at 1.5935 has been revised to 1.5740.
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.
Despite yesterday's new high at 1.6260 my outlook continues to be bearish for a break through 1.6108, en route to 1.6057 and 1.5930. Next target below 1.5935 is projected at 1.5740. Intraday resistance lies at 1.6190.
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
As expected, the pair reversed few pips above the previous high at 1.4434 and with the break below 1.4350 the whole uptrend from 1.4070 is confirmed to be complete. My outlook continues to be bearish for 1.4070 and 1.3969 and the intraday bias is also negative below 1.4285 for 1.4190. Crucial on the upside is 1.4315.
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 sell-off from 1.6260 filled my initial target at 1.5940 and the pair entered a larger consolidation pattern, preceding next leg downwards, to 1.5740. Current intraday bias is positive for a break through 1.6026 and I expect this rebound to be limited below 1.6077-90 resistance area. The overall outlook on the mid-frames remains bearish.
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 consolidation pattern above 1.5935 has been completed with the recent peak at 1.6046 and current outlook is negative, for 1.5740. Crucial on the upside is 1.6046.
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
Yesterday's rise confirmed a bottom at 1.4102 and the trading remains in the broad consolidation pattern above 1.4070. I favor a reversal of the current uptrend for a sell-off towards 1.4070, en route to 1.3969. Initial resistance on the upside is 1.4350 and intraday support is projected at 1.4230.
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
The pair broke through 1.4330-50 resistance area and current outlook is bullish for a break beyond 1.4443 high, towards 1.4550 zone. Crucial on the downside is 1.4338.
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
I think, that current high at 1.4522 marks a reversal point for the whole uptrend since 1.4101 and although the pair couldn't test precisely 1.4550 resistance today's outlook is bearish for 1.4327 support area.
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
The uptrend from 1.4100 is still intact, but due to the importance of 1.4550 resistance area, I expect reversal around current levels to initiate a sell-off for 1.4327. Crucial on the downside is 1.4466.
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
The overall bias here remains bearish for 1.4230, en route to 1.4150 dynamic support. Crucial resistance on the upside is projected at 1.4350.
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
Yesterday's sharp reversal at 1.4220 initiated a corrective pattern, preceding next wave downwards, for a break below 1.4170 dynamic support, en route to 1.4070 low. Initial resistance on the upside is projected at 1.4331.
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
Friday's quick rise to 1.4350 was the final leg of the consolidation pattern since 1.4220 low and now the downtrend has been renewed, for 1.4070, en route to 1.3969. Initial resistance is projected at 1.4182.
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 slide filled my first target at 1.5835 and the bias continues to be negative for the second one at 1.5740. Intraday resistance is projected at 1.5882 and crucial area is 1.5933.
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
A bottom is in place at 1.3836 low, being the final of the downtrend from 1.4350. The overall downtrend from 1.4580 is still intact, so current rebound is to be considered corrective in nature, preceding final leg downwards, to 1.3716 dynamic projection. The intraday bias is positive for 1.4135. Important resistance area remains 1.4190-4200.
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
Yesterday's break above 1.4190 resistance signals, that the rebound above 1.3836 is not a corrective one and the bias has switched to bullish, targeting 1.4370, en route to 1.4580. Crucial support on the downside is 1.4110.
EUR/USD is in a consolidation after the recent top at 1.4941 (May 4th, 2011). Technical indicators are descending and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4311 and 1.3636.
The slide below 1.4281 peak continues to be corrective in nature and my outlook remains bullish for a break through 1.4198 minor resistance towards 1.4370, en route to 1.4580. Intraday support is projected at 1.4030.
