The break below 1.6624 confirmed, that a top is set at 1.6723, being a final of the 1.6380-1.6723 rise. The sell-off from 1.6723 bottomed at the projection of the uptrend channel at 1.6519 and we think, that current positive bias will be sustained for 1.6723, en route to 1.6801. Intraday resistance comes at 1.6630, followed by 1.6723 and crucial on the downside is 1.6560.
The pair is in a downtrend after peaking at 1.7042. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258.
The pair reversed at 1.6670 and broke through the dynamic support at 1.6519. The overall bias here is negative for 1.6380, en route to 1.6250 with an intraday resistance at 1.6519.
Yesterday's break below 1.4801 signals a continuation of the negative bias towards 1.4623, en route to 1.4450 major support area. Although the bottom at 1.4757 has been confirmed to be the final of the slide from 1.5146, current rebound is corrective in nature and precedes next drowning towards 1.4623. Intraday bias is positive for a break above 1.4856 and will target 1.4910 resistance area. Crucial on the upside is 1.4970.
The downtrend is intact with a resistance at 1.4785 and crucial level at 1.4865. While the resistance holds, further depreciation is to be expected, towards 1.4623, en route to 1.4450.
The pair is still in the consolidation pattern above 1.4667 and current rebound is limited below 1.4780 resistance. The overall bias remains negative for a break below 1.4667, towards 1.45+ support area and crucial on the upside is 1.4865.
The pair is in a downtrend after peaking at 1.7042. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258.
Still in the consolidation pattern above 1.6130 and current intraday bias is positive, well supported at 1.6291 and is targeting 1.6460 resistance. A break above 1.6347 will confirm the positive outlook. On the bigger frames, a break below 1.6220 will set an end of the corrective phase and will aim at 1.59+ support area.
As expected, the pair reversed shortly after the break above 88.75 resistance and is in a downtrend from 89.82, currently consolidating above 88.36 low. The overall bias is negative for 87.35 and crucial on the upside is 88.99 resistance.
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4793 and 1.3523.
With the recent break below 1.4607 the downtrend has been renewed towards 1.4450 support zone and the intraday bias is negative with a resistance at 1.4607. Crucial on the upside already is 1.4660.
Current rebound above 1.4503 low is corrective in nature and should be limited below 1.4607 before next leg downwards to 1.4412-50 area. A clear break below 1.4450 will set the focus on 1.4169 major support. Crucial on the upside is 1.4660.
The pair is in a downtrend after peaking at 1.7042. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258.
Yesterday's break above 1.6320 resistance resulted in a fast upswing to 1.6410, which we believe was the final wave in the prolonged consolidation above 1.6130. A break below 1.6180 will confirm, that the downtrend is renewed towards 1.59+ main target.
The overall downtrend has been renewed with the recent break below 87.12. Trading is situated below the 50- and 200-day SMA, currently projected at 89.50 and 93.54.
Yesterday's spike low to 88.90 was probably the final leg of the consolidation pattern below 90.77 and although it bottomed far above our target at 86+, we will have to accept the idea, that the sentiment is already bullish and a break above 90.77 lies ahead. Main target is projected at 92.40 resistance area and crucial on the downside is 89.+. Intraday support comes at 89.83
The overall downtrend has been renewed with the recent break below 87.12. Trading is situated below the 50- and 200-day SMA, currently projected at 89.50 and 93.54.
The uptrend here is intact and the pair is in a minor consolidation pattern below 91.49, before breaking beyond, towards 92.40 major resistance area. Important intraday support can be found around 90.90 and crucial is 90.37.
The overall downtrend has been renewed with the recent break below 87.12. Trading is situated below the 50- and 200-day SMA, currently projected at 89.50 and 93.54.
The uptrend is intact and is targeting 92.40 resistance area with an initial support at 91.49. Crucial on the downside is 90.90 support zone.
The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258.
A break above 1.6040 resistance is to be expected and it will set the focus on 1.6167 area. The overall bias remains neutral in the 1.59+ - 1.6167 range, due to the current market conditions in the last trading sessions of the year.
The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258.
The break above 1.6068 confirmed a reversal at 1.5833 low and current bias is positive for 1.6410. The slide from 1.6236 is corrective in nature, preceding next leg upwards, to 1.6410 resistance area.
The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258.
Although the pair dipped to 1.5944 we continue to expect one more upswing to 1.6410, so stay tuned for a clear break above 1.6070 resistance area, that shall clear the road towards 1.6410. Intraday bias is neutral and while the pair holds below 1.6070, the outlook on the 1 h. chart will remain bearish.
The overall downtrend has been renewed with the recent break below 87.12. Trading is situated below the 50- and 200-day SMA, currently projected at 89.50 and 93.54.
As expected, the pair broke through 91.25 and dipped to 90.60 support area. Current rebound is to be considered corrective in nature and we expect it to be limited below 91.70, before next leg downwards, to 88.90.
EUR/USD is in a downtrend, after peaking at1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated between the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.
Current rebound from 1.4335 is corrective in nature and while the pair stays below 1.4450 resistance, the bias will continue to be negative for a break below 1.4260, en route to 1.3740 support on the daily frame.
The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258.
Our target at 1.6410 has been filled and we will expect a reversal around current levels, that should initiate a downtrend for 1.6070, en route to 1.5706. Important trigger on the downside is 1.6320.
EUR/USD is in a downtrend, after peaking at1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.
The downtrend from 1.4410 is intact ad the pair is in a minor consolidation pattern above 1.4000-39 sentiment zone. Further depreciation is to be expected, towards 1.3740 daily frame support area. The intraday bias is negative and 1.4135 should limit the upside for the next leg downwards, to 1.3924 initial target.
