All Blog Posts Tagged 'EUR' (811)

FOREX forecast 18.05.2015-22.05.2015

EUR has broken above the 1.1250 reversal point last week after weak US retail sales data on Wednesday and closed the week above 1.1400 as Michigan's consumer confidence index was a lot worse than expected. This gave some fresh air to amlost all dollar pairs. Today markets start the week calm with no gaps and sharp moves through Asian session. EUR's bullish continues with next Daily target at 1.1600. However i expect some range trade today in small range around 1.1400 because the market will…

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Added by Vladimir Mihaylov on May 18, 2015 at 4:54am — No Comments

FOREX forecast 04.05.2015-08.05.2015

EUR has broken the negative daily cloud as expected however staying far from the negative cloud will be hard, and staying above it will be even harder. We have been below this cloud for almost 10 months. Weekly, H4 and H1 indicators are mixed to bullish, only Daily ones show possible downside move ahead. The pair is now supported by 1.1130 and the resistances are 1.1240 and 1.1290, finally 1.1400. If the current support is broken, the pair will look for support in the area 1.0950-1.1000. It…

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Added by Vladimir Mihaylov on May 4, 2015 at 5:34am — No Comments

FOREX forecast 27.04.2015-01.05.2015

EUR continues consolidation below 1.1000, but Daily indicators are turning to bullish, H4 ones are bullish also, and we have a huge potential of making a sharp move higher which may reach 1.1240 and 1.1530 so be very careful when leaving opened positions through the weekend, huge gaps are possible. Correction is needed and this can happen by the end of this month or beginning of May. First signal will be breaking of 1.0930, and this will be confirmed if we have a break of 1.1000. We have…

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Added by Vladimir Mihaylov on April 27, 2015 at 5:17am — 1 Comment

FOREX forecast 13.04.2015-17.04.2015

EUR dropped again below the main support 1.0800 and reversed the bullish recovery to bearish continuation. Currently indicators on all time frames are bearish and i expect the downside to continue soon. Breaking below 1.0550 will signal that the pair starts a fresh move to the downside with target 1.0460 and then 1.0420. We have now a strong resistance area at 1.0790-1.0800. Only a Daily close above will reverse the bearish outlook. As long as we are below 1.0650 you may open SHORT…

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Added by Vladimir Mihaylov on April 13, 2015 at 5:23am — No Comments

FOREX forecast 06.04.2015-10.04.2015

EUR has recovered a bit and reached 1.1030 again, but it seems we have not enough power to break this higher. Currently the price is locked within the range 1.1030-1.0850. This week we haven't so important economic events and data releases. The most important thing will the the FOMC minutes and it is expected the dollar to loose some price, but it won't be much. EUR will try to take advantage and to preak above 1.1030. This week's upside target will be 1.1310 and 1.1030 will remain the…

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Added by Vladimir Mihaylov on April 6, 2015 at 5:46am — No Comments

EURGBP - Demand to expand this week. .7387/7412 targeted

A 2nd positive weekly performance in a row last week took the cross to the most positive levels traded for 4 weeks. Although the peak was produced in the middle of the week, the subsequent setback found buyers at the key 13 day moving average and the focus remains on the topside, especially with the daily Keltner channel clearly positive.

Scope exists to test an important .7387/.7412 area and the risk is .7219.…

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Added by Alan Collins on March 30, 2015 at 6:59am — No Comments

FOREX forecast 30.03.2015

EUR climbed up last week and even reached 1.1000 but quickly dropped back. The pair is now supported on Daily at 1.0790, however Daily and H4 indicators point to the downside and it seems for now the pair does not have anough power to break the 1.1000 resistance. So all eyes are now at the support area 1.0810-1.0790, breaking of this will test 1.0660 and 1.0520. Today we shall have the Germany's CPI and some not so important data from the USA. If the economic data from Germany is positive…

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Added by Vladimir Mihaylov on March 30, 2015 at 5:09am — No Comments

EURUSD - Key average platforms gains

Yesterday saw the market use the13 day average as a platform for further gains. This resulted in a 2nd up day in a row and the most positive close for 12 days. Intraday signals are at overbought extremes but although that does add a note of caution profit taking setbacks are currently temporary and limited with scope to 1.0975 and 1.0992.

Only below 1.0868 negates this scenario.…

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Added by Alan Collins on March 24, 2015 at 6:56am — 1 Comment

FOREX forecast 23.03.2015-27.03.2015

Dollar has made some pullback after last week's mrs.Yellen's speech and gave other currencies some fresh air. However the recovery is just too small to change the bearish outlook across the markets. Most of the pairs are currently stuck at the resistance levels and need some fundamental data to break them or bounce back to the downside. Later today mr.Draghi speaks, and EU's economic sentiment index will be released may be these two will push the EUR to the downside again, but not so strong.…

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Added by Vladimir Mihaylov on March 23, 2015 at 6:06am — No Comments

EURGBP - Negative Keltner channel dominates

There was limited movement in EURGBP Monday with price action caught within similar parameters to Friday. Initial upside stalled, and reversed, below the 13 day line, and although prices closed little changed it is that upside failure, coupled with a still negative Keltner channel that leaves signals bearish going into this morning targeting .7103 and .7088.…

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Added by Alan Collins on March 17, 2015 at 6:58am — No Comments

EURUSD - This week to continue Sell Rally scenario. 1.0410 targeted

Confirming the weakness of the rally from January’s low point, selling pressure deepened last week. A 3rd down week in a row took EURUSD to the lowest levels traded since 2003. Oversold extremes remain a concern but last week's price action saw profit taking remain temporary and limited. In addition the market continues to track the lower end of falling daily & weekly Keltner channels and so, allowing for a reaction to oversold extremes, we look for the downside to continue to develop …

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Added by Alan Collins on March 16, 2015 at 8:00am — No Comments

FOREX forecast 16.03.2015

EUR has lost 1.1000 support last week and then dropped for another 500 pips. So we are now another step closer to parity. The pair is bearish on all time frames except H1, where it is trying to consolidate and to build support around 1.0500. It will be difficult today, but tomorrow we have the ZEW data from Germany and if it is better as expected this may help the EUR to clumb up to 1.0650 and 1.0690. but for now we remain bearish with support 1.0460. However the recovery can be quite short…

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Added by Vladimir Mihaylov on March 16, 2015 at 5:45am — No Comments

EURUSD - Hugging Negative channel targets 1.0735

A sequence of 3 down days ended yesterday despite a marginally new 12 year low. There was little net movement for EURUSD as prices consolidated rather than continue selling pressure or attract significant profit taking. However, Asian price action has seen a renewal of the downside – a move that keeps prices hugging the lower end of a declining Keltner channel with scope for further downside to 1.0767 and 1.0735.The risk is…

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Added by Alan Collins on March 10, 2015 at 6:55am — No Comments

FOREX forecast 09.03.2015-13.03.2015

EUR dropped heavily last week and is now trading far below 1.1000. Current conditions show the pair is extremely bearish with no signs of correction higher. Indicators on all time frames are bearish and the pair is going to drop further. It has reached some support area between 1.0800 and 1.0830 which probably will stop further downside for now and the pair may also recover a bit to 1.0900 till Thursday, when i expect another downside and breaking the 1.0830 support. Bad times for the EUR…

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Added by Vladimir Mihaylov on March 9, 2015 at 7:06am — No Comments

EURUSD - Positive Divergnce gives upside scope

Wednesday’s decline extended yesterday. This move took EURUSD to new 12 year lows and maintained a hugging of the lower end of a falling Keltner channel.  However with intraday sentiment oversold, the lows were not held and, coupled with positive divergence in Momentum indicators, the immediate outlook is counter trend bullish with potential to 1.1051 and 1.1085.…

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Added by Alan Collins on March 6, 2015 at 6:58am — 1 Comment

FOREX forecast 02.03.2015-06.03.2015

After last month's EUR pullback seems that the EU currency is ready to go south for another wave. The pair has lost 1.1200 level again and is currently trading below, with no signs for any upside for now. indicators on almost all timeframes are bearish which tells me that soon we are going to 1.1100 and below. Daily resistance here is at 1.1350 and only above that we may hope for further recovery. The pair is bearish below 1.1300 on Daily any price below this level will be used to open fresh…

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Added by Vladimir Mihaylov on March 2, 2015 at 7:49am — No Comments

EURGBP - Grind lower targets .7217/29

EURGBP was sold at lower levels for a 4th day in succession Thursday. This took EURGBP to new 7 year lows and to the bottom band of a falling Keltner channel. The scope of this week's moves – more than a big figure – means intraday signals are over-stretched but, currently, profit taking is likely to remain temporary and limited. So, coupled with bearish momentum and strength indicators we look for lower levels to continue to…

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Added by Alan Collins on February 27, 2015 at 7:02am — No Comments

FOREX forecast 23.02.2015-27.02.2015

EUR remains in consolidation despite the sudden Friday volatility on Greek financial conditions agreement. H4 and Daily indicators are flat and give no information for the future, while Weekly ones seem to point to the upside. Today Germany's IFO data will be released and it is expected to be better than previous so this will be in favor of the upside movement. It is good to know that at 1.1660 we have a quite strong resistance and breaking above will be very hard. So for now i think that…

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Added by Vladimir Mihaylov on February 23, 2015 at 7:30am — No Comments

EURUSD - Back above key average - Further Upside Targeted

EURUSD continues to fluctuate around the 13 day average. Initial trading yesterday reversed Tuesday’s gains but in late price action the bulk of this downside was regained. Limited net movement means signals for sentiment cannot be strong but the downside rejection coupled with demand in Asia above the average means studies are positive with potential through 1.1449 to 1.1487.…

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Added by Alan Collins on February 19, 2015 at 6:58am — 1 Comment

EURGBP - Gradual decline to deepen towards .7342

Against a background of bearish signals for sentiment for this week, there was only minor movement yesterday. But price action remains close to the bottom of a declining Keltner channel and an early attempt to rally found sellers at lower levels. With no sign of an end to this gradual deterioration in sentiment, and a new 7 year low posted in Asia, further downside is anticipated towards the 2008 low at .7342.…

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Added by Alan Collins on February 17, 2015 at 6:58am — No Comments

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