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Showing posts with the label eurusd tehnical analysis

Euro is targeting 1.1530$

Eur/usd is trying to break above 1.1425$ area , bound by the strong bearish trendline , a break and close above the trendline will clear the way for testing .11520$ area followed by 1.1670$ if cleared..on the downside , euro is strongly supported near 1.13$ mark. Euro is currently trading at 1.1425$ with low at 1.1389$ , high at 1.1445$ .  Make sure not use excess leverage and buy any dip for the pair to 1.1330$

Eur/Usd post NFP data

Euro is still trading in range between 1.1330$ and 1.1410$ areas, the pair rallied to 1.1410$ after Non farm payroll came less than forecast figures, unemployment data came flat. Euro still trading in range , sell the high and buy the low of the range and your stop loss should be 20 pips plus. however , Main direction for the euro is bullish and expected to visit 1.17$ in medium term.

Euro will keep trending?

#eurusd will keep trending as long as it stays above 1.1410$ on the hourly chart..if broken , we will see 1.1340$ This is a short term trade , the pair is currently trading at 1.1430$ , target would be around 1.1530$ , with mediocre resistance at 1.1500$ A break below 1.1410$ will open the road easily towards 1.1345$ ..

Euro heading again to 1.1565$?

Eur/usd crashed on friday from 1.1720$ to 1.1620$ , a 100 pips slide. The support at 1.1660$ did not hold and now last area of support is being tested which is 1.1610$ If broken , the pair will be extremely bearish and we will certainly visit 1.1440$ next week. The sentiment is now bearish and weekly close is terrible and will put alot of pressure on the Monday trading and a break of 1.16$ may fulfil true and then we will head to 1.1565$ again. I don't recommend going long now as the pair is never able to stay steady above 1.17$

EUR/USD is probably falling again

The pair is currently trading at 1.1575$ , daily high during asian session was 1.1607$ . The pair currently has strong resistance at 1.1685$ , you can short the pair now with stoploss on the event of an hourly candle close above the resistance. The next support for the pair is 1.1525$ , it might get broken as well. Follow me for updates on this trade and more.

Eurusd rally is not over

Eurusd is trading currently at 1.1635$ , up almost 50 pips from last night close. As recommended earlier last friday , long the euro to 1.20$ , however I will be advising short term trades as well , all of them will be on the buy side ofcourse , because you can not against the flow. Keep following for updates. The low on the day is 1.1578$ , high is 1.1645$ , the pair is currently testing a bearish trendline and it has to be broken before the euro continues its rally towards 1.20$ Next strong resistance is 1.1740$ which acted as 4 tops , and we have strong support at 1.1540$ .... Maybe we will trade the 200 pips for one more round but i really doubt it . I expect tge break of 1.1740$ next time it is gonna be tested.

Eurusd is bullish

Eurusd trimmed the  sharp fall after the FOMC and the fed raising the rates. The pair fell to 1.1730$ where it found support again and again and reversed the move sharply to trade currently at 1.1790$ . The pair broke above the falling trendline and maintains a bullish sentiment ahead of the ECB meeting tomorrow. It is recommended to buy on dips. However , follow for MY update tomorrow ahead of the ECB. A CORRELATED PAIR TO WATCH IS USD/JPY.

Eur/Usd trading in wedge

The pair has support around 1.1690$ area and resistance at 1.1820$ area. Bound by a declining trend line on the 1 hour chart with three lower highs and horizontal support at 1.1740$ area. A break of 1.1740$ , we might see a flash fall to 1.1690$ before recovering back and breaking above the trend line.

Eurusd trading at 1.1770$

The pair is getting close to our short entry area , 1.1780$ , you can short $eurusd at this area targeting 1.1675-95$ area. Keep following for updates .

Eurusd pullback to 1.1730$

Eurusd rallied from 1.15 to 1.1840$ in a matter of few days . Now it is pulling back for a correction.  Dont hop in at current levels. Just wait for 1.1675$ to 1.1695$ area and buy for around 100 pips move , taking profit at 1.1780$ Anyway , trading hours will tell and I will keep you updates .... For now just wait to buy at the mentioned area between 1.1675_95$ area.

Resistance levels for USD

The Dollar strengthened sharply since the beginning of May as I have already expected . You can follow me on twitter for frequent updates on my trades and recommendations . I see the dollar stalling for the current levels . We have 1.3480$ level which is a very critical support for the pair and I believe we will see a rebound to 1.37 before any retest of that support level again. Also , Eurusd has major support at the famous 1.1860$ and it is expected we might retest 1.20$ floor soon. Usdjpy is still unable to break above bearish trendline and showing strong bearish divergence . So a decline to 107.80 to 108.30¥ is most probably coming this week.

Eur/Usd broke the trendline

Eur/usd broke below the bullish trendline and is currently retesting it and it will of course go down again to break the recent low at 1.2385$ The target should be around 1.2260-1.2300$ area ..

Eur/usd supported by 61.8% fibo

Eur/usd found some support after NFP payroll release which gave some strength to the US dollar . The support came at 1.2435$ where 61.8% fibonnaci level for the move from 1.2385$ to 1.2520$ . The pair bounced slightly to 1.2456$ at the time of writing , most probably it is a dead cat bounce and we will continue to fall sharply towards 1.2260$ area.

Euro consolidating the rally

EUR/USD is currently between resistance at 1.2510$ and support at 1.2485$ . A break below 1.2485$ will open the road to real support at 1.2465$ which is 38% fibonnnaci retracment level while a break above 1.2510$ will clear the way for new highs this probably between 1.2580-1.2625$ area. Keep your eye on those levels and I prefer going short at the moment with exit if we close above 1.2510$

Eur/usd support at 1.2465$

Eur/usd rallied after making triple bottom at 1.2385$ , however rally stalled at 1.2520$..The pair is currently retracing and make or break level would be 1.2465$ , if the pair finds support there , then we might break 1.2520$ , if we break below that support then we will fall to 1.23$ , and final support would be 1.2260$ ....just keep in mind that we will have NFP report released tomorrow.

Eurusd still struggling around 1.2420$

The pair rebound from support area at 1.2385$ but recovery stalled at 1.2420$ area , the pair may have some room towards 1.2440$ but bias remains bearish after yesterday reversal. You can short the pair at the moment with target 1.2360$ area and exit if we break above the bearish trendline shown below

Euro bearish reversal from 1.2480$

EUR/USD gave back all the gains it made this week and reversed sharply falling to 1.2390$ at the time of writing The pair will find resistance by the bearish trendline and would be a good chance to short the pair again at 1.2410$ targeting 61% fibonnaci retracement (move from 1.2160$ to 1.2520$) where it will be around 1.2305$ . A break below 1.2305$ will expose 1.2260$ support area where the pair might rebound from to retest the area at 1.2360$ .

#eurusd upside capped at 1.1890$

At the beginning of the week , i recommended selling the euro after closing the gap on monday at 1.1935$ The pair hammered to 1.1716$ , my recommendation was to book profits at 1.1770$ , Now I recommend going long at current levels between 1.1735-50$ targeting 1.1770$ , 1.1830 and finally 1.1890$  ... Any close below 1.1730 area would send the pair to 1.1650$

Eur/usd technical analysis 30-7

Euro has been rallying since the winning of macron over le pen . Closing above 1.0780$ then cleared the path for eurusd to 1.14$ and then tackling it to reach 1.1770$ so far. Would we see any retracement for the pair anytime soon? You can not tell and going against the trend will always put you in bad positions . So , technically euro would find support at 1.1703$ followed by 200 MA on the hourly chart which currently lies at 1.1650$ followed by the famous 1.1580$ On the other side , next resistance lies at 1.1740$ , followed by 1.1770$ and then multi year low 1.1860$ Fundamentally speaking ,the eurozone is still recovering and the pair is trading at fair value .