The pair is in a downtrend after peaking at 1.7042. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5057 and 1.5851.
A top has been set at 1.4610, being a final of the rise from 1.4255, so currently a corrective pattern is underway, preceding next advance towards 1.4750. The intraday bis is positive for 1.4540 and a reversal in that area is o be expected, for a tight test of the 1.4360 base. On the downside 1.4440 guards the intraday positive outlook.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Although the pair dipped below 1.2140 we believe, that this was a part of the consolidation pattern since May 19 and currently the pair is bullish for 1.2600 in the third part of the mentioned corrective phase. Yesterday's low at 1.2110 coincided with 87.46 high in USD Index which was the third test of that area. Intraday resistance comes at 1.2263 and a break above that area will set the focus at 1.2450, en route to 1.2600.
The pair is in a broad consolidation above 84.78 short-term low. Trading is situated below the 50- and 200-day SMA, currently projected at 92.60 and 91.06.
As expected, the pair broke through 91.90 resistance and is heading towards our second target at 93.50. Intraday support can be found at 93.30, followed by 91.70-80 area. DJIA index is also bullish for 10'487.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
With the recent break below 1.2260 support, the bullish momentum has been lost and currently the intraday bias is negative, while the pair trades below 1.2230 res. We expect 1.2230 to cap the upside for a slide below 1.2151, which will target 1.20+ sentiment area, en route to 1.1650. An eventual break above 1.2230 will neutralize the negative bias and set the focus at 1.2352 again.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
As expected, the pair broke through 1.2150 support and the downtrend accelerated, reaching low at 1.1875. Current rebound is only a minor corrective pattern and it aims to correct the slide from 1.2217 before next drowning towards 1.1650. The intraday bias is positive for 1.1986 and the rebound should be limited below 1.2026. Crucial on the upside is the major resistance area around 1.2150.
The pair is in a broad consolidation above 84.78 short-term low. Trading is situated below the 50- and 200-day SMA, currently projected at 92.60 and 91.06.
As expected, the pair reversed at 92.02 and current bias is already negative for 90.60 support. Crucial on the upside is 91.92.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
We do believe that current swings are only a part of the consolidation pattern above 1.1876, preceding next slide towards 1.1650 target area. From an intraday point of view one more upward attempt towards 1.2115-24 is still possible, but 1.2150 should cap the upside and a break below 1.1924 will confirm that the corrective phase is already over.
The pair is in a downtrend after peaking at 1.7042. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5057 and 1.5851.
With the recent peak at 1.4760 the pair tested the major resistance area around 1.4780 and probably an important top is in place, that should initiate a sell-off towards 1.4240, en route to 1.3760. First support on the downside is 1.4600, followed by 1.4490-4500 area.
The pair is in a downtrend after peaking at 1.7042. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5057 and 1.5851.
The sell-off from 1.4759 bottomed above 1.4490 support and we believe, that it was the third part of the consolidation pattern below 1.4780. The intraday bias is positive for 1.4780, en route to 1.5050 resistance area. Crucial on the downside is 1.4620 support.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Yesterday's rise peaked at 1.2300 and current slide is corrective in nature, preceding next leg upwards, towards 1.2601. Reliable support is projected at 1.2150 and "trigger" on the upside is 1.2230.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
The uptrend from 1.1880 is still intact, targeting 1.2450 and 1.2601. Initial support is seen at the dynamic projection 1.2249, followed by the crucial 1.2168.
The pair is in a downtrend after peaking at 1.7042. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5057 and 1.5851.
Although the sell-off from 1.4855 is a pure impulse, we will expect reversal around current levels to trigger a fast uptrend towards 1.4920 and 1.5050. "Trigger" on the upside is 1.4720.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
The overall bias remains positive for 1.2601 target area with a crucial level at 1.2242. Intraday support comes at 1.2340 and further appreciation is to be expected, towards the mentioned target zone.
The pair is in a broad consolidation above 84.78 short-term low. Trading is situated below the 50- and 200-day SMA, currently projected at 92.60 and 91.06.
The rise from 90.23 low is impulsive in nature and the bias is positive for a break beyond 91.07 resistance, towards 92.04. Crucial on the downside is 90.55 support.
The pair is in a downtrend after peaking at 1.7042. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5057 and 1.5851.
Yesterday's break below 1.4804 confirmed, that a top is place at 1.4938, so current bias is already negative for 1.4643, en route to 1.4450. Important resistance on the upside is 1.4805 and while the pair stays below, further depreciation is to be expected.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
The bias continues to be negative with initial resistance at 1.2350 and primary target at 1.2150. A break below 1.2150 will set the focus at 1.2040.
The pair is in a downtrend after peaking at 1.7042. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5057 and 1.5851.
A minor reversal on the intraday charts is already a fact, but it is not convincing enough to state clearly, that a major top is in place. The price has to break below 1.4850 and 1.4686 to confirm a major reversal.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
The consolidation pattern below 1.2469 seems completed with the recent low at 1.2253 and the pair is ready for a break through 1.24+ area, towards 1.2601 primary target. Initial support comes at 1.2350 and crucial is 1.2253.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Obviously the pair is still in the consolidation pattern below 1.2469 and we believe, that its third, final leg is underway, targeting 1.2150-1.2100 reversal area before advancing towards 1.2601. Initial resistance is seen at 1.2266, followed by the crucial 1.2292.
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Although the pair is still in the descending channel from 1.2469, we will expect an uptrend to emerge, targeting 1.2398, en route to 1.2601.
