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.
We think, that the slide from 1.3704 is the final leg of the consolidation below 1.3736 and a break above 1.3636 will renew the uptrend towards 1.3850. The intraday bias is still negative for 1.3562 with a crucial level at 1.3636.
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 overall bias here remains positive for 91.50 dynamic resistance and intraday support can be found at 90.18.
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 yesterday's break above 1.5020 the road was cleared for a test of the 1.5120 resistance. Later today expect a break beyond to target 1.5260-5352 area. Initial support comes at 1.5070, followed by the crucial 1.5025.
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 rise fell a bit short of our target at 1.5260 and with the reversal at 1.5217 the bias has been transformed in bearish, breaking below 1.5120 support. We expect a continuation of the current sell-off towards 1.4871 where a minor corrective rebound is possible. Intraday levels on the downside are 1.5018 and 1.4871, and the pair is capped at 1.5090.
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.
Unfortunately, the slide from 1.5216 doesn't look like a true impulsive wave, so we have to switch our outlook to bullish again and we favor a break above 1.5072 to target 1.5216 again, en route to 1.5352.
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.
With the slide below 1.3715 a minor top has been confirmed at yesterday's peak 1.3819. Current bias is negative and we will expect a break below 1.3640 to target directly 1.3530, en route to 1.3440. Crucial on the upside is 1.3715, as a violation of this level will neutralize the bearish outlook.
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 below 1.3640 support and the bias continues to be negative for 1.3440 lows. Today expect a break below 1.3530 to target 1.3462. Important resistance on the upside is 1.3640.
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 bottom at 1.3462 marked the final of the slide from 1.3819 and the pair entered a larger consolidation phase, that will aim to correct the mentioned downtrend. We believe, that the 1.3462-1.3570 rise was only the first part of that consolidation, so one more upward attempt is to be expected, towards 1.3640 resistance area. The intraday bias is still negative while the pair holds below 1.3540, but later today expect this resistance to fall and to clear the road for 1.3640.
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 consolidation above 1.3462 couldn't extend beyond 1.3584 and it was completed with last night's high at 1.3563. The overall downtrend has been renewed, targeting 1.3234, en route to 1.2942. Crucial on the upside is 1.3570 and initial intraday resistance comes at 1.3460-70, but even this zone will be a hard task in the current extremely bearish environment.
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 around 1.5120 provoked a minor corrective phase above 1.5120 support and the intraday bias remains positive for 1.5215. Initial support comes at 1.5080, followed by the crucial 1.5042.
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.
As expected, yesterday's minor slide was reversed above 1.3450 support area and the rise that followed peaked at 1.3591. We continue to think, that 1.3590-3630 area is a key reversal zone, so expect a break below 1.3460 to confirm, that a top is in place. The intraday bias is already negative for 1.3519 and 1.3460 with a risk limit at 1.3582.
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 reversed at 1.3591 and this top has been confirmed with the break below 1.3461. Current bias is negative for 1.3383, en route to 1.3267 with an initial resistance at 1.3462. Crucial on the upside is 1.3499.
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 slide bottomed at 1.3513 and we continue to be bearish here for 1.3442 with an initial resistance at 1.3582-96 area. Only a clear break above that zone will confirm, that the slide from 1.3690 is corrective in nature and will target 1.3820 major resistance.
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 downtrend from 1.3680 filled our target at 1.3442, but the bias is still negative, so expect further depreciation towards 1.3297. Important resistance on the upside is 1.3521 and crucial is 1.3586.
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 uptrend marked a minor top at 1.5433 and consolidation followed above 1.5330-40 support area. We continue to favor the upside direction towards 1.5524 and 1.5650. Important support is 1.5330.
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 rebound from 1.3114 is to be considered corrective in nature, preceding next slide towards 1.30+. Intraday resistance comes at 1.3280-90 and crucial on the 2 h. chart is 1.3416.
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 recent break above 1.5290 confirmed, that the test at the 1.5116 support has failed and the bias is positive for 1.5490, en route to 1.5650. Intraday crucial level is 1.5315 and while it remains intact, the focus will be set at 1.5490.
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 uptrend from 1.5124 has been completed with the recent peak at 1.5394 and currently a corrective phase is underway, preceding next advance towards 1.5524, en route to 1.5650. The intraday bias is still negative with a resistance at 1.5273, targeting 1.5208 support. A reversal around 1.52+ should be expected and it will set the beginning of a new uptrend for 1.5490. "Trigger" on the upside is 1.5331.
May 4, 2010
Current level - 94.01
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.
Unfortunately, the pair renewed its uptrend directly from the 93.77 support without a final spike-low to 93.16 reversal area. Current bias is positive for 95.50, en route to 97.79 with an intraday support around 94.30-50 and risk-limit at 93.77.
The downtrend accelerated with yesterday's break below 1.3115 and the sell-off bottomed at 1.2935. A minor corrective wave is to be expected today, towards 1.3060 resistance area, before next leg downwards to 1.2880. The expected consolidation will aim to correct only the slide from 1.3216, not the sell-off from 1.3360. Initial resistance comes at 1.2992, followed by 1.3064.
