After a sharp up move and a decent consolidation EURUSD has resumed its uptrend by forming a flag pattern and broken out of it. Check out the description inside the Chart for a more info.
The outlook for EUR / USD:
On Wednesday, there was an attempt to breach the resistance at 1.09 but without success. At the moment there has been a breaking of the downward channel, but it could be another false breakout. Therefore, we should consider the analysis of two ways.
If you believe that the breakout is actually in the coming hours, the course should...
Before us the most important figure of this week due to a Fed meeting.
Along with the writings of the meeting, the Federal Reserve will release its decision on interest rates. Members of the Fed will leave interest rates unchanged and certainly will refer to external factors that may affect the pace of raising interest rates in the future. Whereas falling oil...
Today there was a false breaking. We returned between 1.08 and 1.0945. Another day of consolidation. If you do not beat the 1.09 and 1.0945 it is possible to return toward important support at 1.08.
Breaking resistance 1.0945 will open the way towards 1,0980-90.
During the Thursday session, we witnessed the failed attack on the resistance level of 1.0945. The supply side decisively taken the lead and consequently led to return inside the channel succession. Minimum fell below Thursday's opening at 1.0834.
Ahead of us the last session of the week, which may give an answer as to the further direction of EURUSD in the...
Stops at 1.0800 cleared even in a pro Euro risk off enviroment overnight has set up a good risk reward for the rest of this week. USD selling from UJ liquidation and the unwinding hedges of the long DAX trades should support if Risk remains off.
The right shoulder is not complete yet but I expect it to be a double top before it moves to 1.08234 which is a neckline area which coincide with the daily S2 support and Fibonacci extension of 1.414. On the way down to this support ,I expect a bounce at the 1.8077 - 1.8084 area before a short lived rally to the daily pivot of 1.0912 and after which I expect it to...
Hello!
Happy New Year!
We would like to present, intraday forecast - 6E (eurusd) on january 2016y.
Methods of price analysis: EWA/EWP, Market Profile, Delta&Cluster, Volume, Fibonacci.
Suppose that this week (close to wednesday), the price gradually decreases to strong support 1.07580, next we will see the creation process of cumulative delta and then expected...
Bonjour,
My big call for 2015 was that the EUR/USD would continue to move down and reach (or close to) parity. Well, as we look at the chart today it seems my prediction wasn't quite spot on. It was a tall order to start with anyways, but if it wasn't for the extended bond buying decision from Mr. Draghi ... I think we might have gotten there this year. But, at...
I am not a long term trader however it is often good to know the prevailing market bias so that we don't make huge short term projections against the prevailing market bias. When you take a short position in 2016 it would be a good thing to be conservative with your targets as the EURUSD is going up. Once the 1.1059 break happens I see an area of resistance at...
