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.
Friday's break below the crucial 1.6167 transformed the minor rise from 1.6125 in a corrective phase and the downtrend was renewed, reaching a temporary low at 1.6077. The overall bias remains negative for 1.5901, en route to 1.5706 and crucial on the upside is 1.6283.
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.
Obviously the resistance around 90.80 is intact and yesterday's high at 90.58 was the final of the consolidation above 89.77, so further depreciation is to be expected, towards 88.53.
Yesterday's slide bottomed at 1.3936, few pips above our intraday target at 1.3924 and current rebound is to be considered corrective in nature, preceding next leg downwards, to 1.3836. Crucial on the upside is 1.4090 and an intraday reversal will be confirmed below 1.4004.
A minor consolidation unfolds above 1.3851 low and we expect it to be limited below 1.3920, before next, probably the final leg of the downtrend since 1.4190. Current target remains 1.3740 support area and crucial on the upside is 1.3990.
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 resistance around 90.90 is still intact and we expect a break below 89.76 to target directly 88.35.
EUR/USD is in a downtrend, after peaking at 1.5146 (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 pair broke through 1.3740 support, dipping to 1.3649. The overall bias remains negative for 1.3413 with an intraday resistance at 1.3740. On the 4h. chart crucial is 1.3850.
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 sell-off from 1.5765 has been corrected nicely to 1.5661 and the pair is ready for a break below 1.5562, that will signal a renewal of the downtrend towards 1.5352. Crucial on the upside is 1.5662.
EUR/USD is in a downtrend, after peaking at 1.5146 (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 sell-off from 1.3805 broke through 1.3676 and the pair has renewed its downtrend for 1.3413. Intraday resistance comes at 1.3696.
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 prolonged consolidation pattern above 1.5530 is still on the run and is currently testing 1.5760 resistance area. We think, that this rally is a sell opportunity for 1.5352, while 1.5833 major resistance is intact.
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.
Yesterday's test at 1.5833 resistance failed and the pair was reversed, breaking below 1.5730 support. With current slide below 1.5626, the bias here is negative again for 1.5352. Crucial on the lower frames is 1.5683.
EUR/USD is in a downtrend, after peaking at 1.5146 (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 third leg of the consolidation pattern above 1.3443 is on the run and we expect it to be limited below 1.3724 dynamic resistance, before deeper drowning towards 1.3060. Sell trigger on the downside is 1.3570 and minor intraday support is seen at 1.3650.
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 resistance area at 1.5475 remained intact and the downtrend was renewed, breaking below 1.5386 and 1.5344. The overall bias continues to be negative for 1.5061 with an intraday resistance at 1.5349 and crucial level above 1.5391.
EUR/USD is in a downtrend, after peaking at 1.5146 (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.
All the tests of the 1.3442 support area have failed and the pair is obviously still in the consolidation pattern below 1.3696. Wednesday's high at 1.3626 has no technical importance, so crucial for the overall negative bias is 1.3696. Current intraday bias is positive with important support around 1.3510-26. Later today expect a reversal around 1.3630 to initiate a downtrend for 1.3442.
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 rebound from 1.5186 low is corrective in nature, preceding next slide to 1.5061 main target. Important resistance on the upside is 1.5349, but we feel, that even 1.5319 could initiate a reversal and renewal of the downtrend for 1.5061 area.
EUR/USD is in a downtrend, after peaking at 1.5146 (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.
Friday's test of 1.3696 failed, but the sell-off from that level is not impulsive in nature, so the intraday bias is still to be considered positive. The overall sentiment however continues to be bearish for 1.3060, but a break below 1.3550 is needed to confirm such an outlook. Crucial on the upside is 1.3696 and a break beyond will aim at 1.3850 major resistance.
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.
As expected, the pair continued its rebound through 1.4950 and peaked at 1.5078, testing the important resistance area at 1.5061-97. A sustained break below 1.4888 will confirm, that the sell-off towards 1.4453 is already on the run.
EUR/USD is in a downtrend, after peaking at 1.5146 (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.
Yesterday's break above 1.3690 confirmed, that a "triple bottom" reversal formation is in place, targeting 1.3850 and 1.3940. This time however we are not going to pay attention to that pattern, because the oscillators on the daily chart are no longer in the "oversold" conditions and are close to their mid-levels, so we feel there is no room left for such a rise. We favor a direct slide through 1.3590, towards 1.3440 and later on to 1.3061. Crucial on the upside is 1.3736 and a break through that level will state, that the uptrend from 1.3435 is intact for 1.3850.
EUR/USD is in a downtrend, after peaking at 1.5146 (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.
Nice sell-off so far and it is being corrected at the moment, so expect next leg downwards later today to target 1.3440 support area. Intraday resistance comes at 1.3634 and crucial is 1.3690, as if we see a break beyond, the positive bias for 1.3850 will be renewed.
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.
With the break above 1.5067, a reliable bottom has been confirmed at 1.4990 and the overall bias here is positive for 1.5352. Initial support comes at 1.5120.
