Currency pair after the recent rally came to a very strong resistance zone, which was a strong barrier in the first two weeks of April. Eurodollar noted Friday's high of 1.1461, which coincides with the peak of 18 September. The demand side is facing a difficult task to force the resistance extending between 1,1465-95, whose defeat opens the way toward 1.1621 and...
Today's growth and the strong decline below the opening price may suggest a long-awaited correction. For this turn of events is also supported by the daily candle, which may indicate a trend reversal. Another aspect that suggests a strengthening of the dollar in the near future, is its seasonality. May is a particularly good month for the US currency, which...
Bulls showed today incredible determination and growth took place without prior local correction. This is already the sixth day of gains in a row and it does not seem that the demand side, was able to keep the pace of growth without local correction. A currency pair is heavily subscribed, while the RSI above 70, increases the risk of progress in further increases....
Currency pair after reflection at the beginning of the week from the support level 1.1216, still moves in a local channel growth. Despite today's peak at 1.1361 we can be seen that the market is struggling with a cross-resistance level at 1.1343, which may ultimately be a strong support for the supply side. Thursday's GDP reading may be the signal for a strong...
Currency pair after a recent decline from 1.1465 to 1.1234 level currently located in a local correction. From a technical point of view, the correction should not exceed the level of 1,1322-25. (The lower limit of consolidation, which coincides with the 38.2% fibo recent declines). Then the supply side should once again take the initiative and head towards the...
In my view, the preferred option is a correction towards resistance 1,1322-25 and then return to declines toward support levels 1.1240 and 1,1213-18.
Negative divergence indicator of weakening uptrend proved to be prophetic. The supply side has used the above signal and at present, the currency pair is in the adjustment increases with the level of 1,1144-1,1465. Declines stopped at around the level 1.1266 (61.8% fibo recent increases). Given the strong oversold, we can assume that the demand SHOULD lead to a...
Moving on to the analysis of the Eurodollar, it is worth quoting a curiosity about the strength of the dollar in April in previous years. It turns out that April is one of the worst months for the dollar. For example, we may use the last 5 years (EUR / USD), when the euro strengthened against the dollar in April fourfold. The exception here is April 2012. Looking...
The currency pair reached a very strong resistance zone, located between 1,1437-95. Due to the very strong buying and the high density of these resistances, the beginning of the coming week should pass under the sign of the correction weakening of the euro against the dollar. Therefore, you must reckon with the defense of the above-mentioned resistance by the...
Today's strong growth over the important resistance located in the area of 1,1220-45, open the demand side of the road to higher price levels. The next targets for the demand should be the levels of 1.1343 (peak on March 17) and 1.1373 (maximum of 11 of February). In the longer term I would expect growth toward resistance levels are located at 1,1441-60 (peaks of...
On Tuesday after the holiday weekend on the parquet back investors from Europe, which should revive the currency market during the early hours of the morning. Relevant data will appear only in the second half of the day, when we will know the consumer confidence index by. Conference Board. Investors will also pay attention to statements by members of the FED...
The situation on the eurodolarze has not changed and is consistent with what I presented in previous reports. For the record, let me add that the currency pair is in a correction of recent increases. Due to the proximity of support at 1.1144 (38.2% fibo abolition), the voice has come the demand side, which is trying to move toward the counterattack last local...
A currency pair is in a quite interesting place, precisely in the area of 1.1213 (61.8% fib increases the abolition of the level of 0.8231- 1.6038. In case of growth towards the level of 1.1495 should be remembered that in the last year zone 1.12 -1.14 was every time a strong barrier, the demand could not break through. Whether in the near future we will witness...
A currency pair is very close to the first important support level 1.1144, which should provide a barrier against further declines. Therefore, I will repeat what I said in an earlier report. The proximity of the support at 1.1144 (23.6% Fibo unbearable increases the level of 1,0821-1,1343) should activate the demand side and direct the course of the Eurodollar at...
The situation on the currency pair does not change much. Most of the day eurodollar exchange rate moved around the level of 1.1220, which is 23.6% fibo abolition of recent increases (1,0821-1,1343). At present Eurodollar moves the correction of the recent increases, taking the form of consolidation. Accordingly, it is possible to enhance the recent declines...
Going to do analyzes Eurodollar wARTo go back to do the events of last week. Wednesday's message has led the Fed to change sentiment co Consequently, the strong dollar sell-off. Currency pair after reaching the maximum at 1.1343 currently moving in the framework of the adjustment. Zone aids extends between 1,1220-1,1245 and if it is maintained that the demand...
In the long-term preferred option are long positions with the objective to 1.1376 and 1.1495.
In the last few hours we have witnessed a test of support at 1.10, but the supply side has not led to its break. Currency pair found support at 1.0990. In the next few hours, it is possible to again attack the supply side and on the results of the test 1.10 level will determine the future direction of trading Eurodollar. From a technical point of view, demand...