All Blog Posts Tagged 'EUR' (796)

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

FOREX forecast - 16.02.2015-20.02.2015

EUR has stabilized the price above 1.1300 and seems ready to start recovery to the upside this week. Economic data that is going to be released is expected to support the upside movements too. First support comes at 1.1405 above this one we are bullish and the target is 1.1450-1.1475-1.1495-1.1530. Above the last comes the first significant resistance area between 1.1545 and 1.1575. As you can see it is pretty wide and it is even stronger with the help ot the H4 SMA200 which passes through…

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Added by Vladimir Mihaylov on February 16, 2015 at 6:17am — No Comments

EURUSD - Buyers return - upside to extend

After 3 days of consolidation/limited net movement buying interest was attracted to EURUSD yesterday. This took prices to test the key 13 day moving average and although that point was not clearly breached, the underlying positive tone has been reinforced by Asian demand this morning with potential to retest this month's highs in the coming days.

Intraday targets are 1.1458 and 1.1487 with a risk of 1.1371.…

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Added by Alan Collins on February 13, 2015 at 7:02am — No Comments

EURGBP - Bullish Hammer pattern targets .7462

Against a background of negative signals for sentiment for this week, yesterday saw EURGBP continue to hug the lower end of a declining daily Keltner channel. But after posting a new 7 year low, profit taking, from oversold extremes, developed. That move is counter trend and must be treated with caution but the recovery of virtually the entire initial fall produced a Bullish Hammer targeting .7462 or even towards .7493.

Only below .7401 negates this bullish outlook.…

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Added by Alan Collins on February 12, 2015 at 7:01am — No Comments

EURGBP - Upside rejection to dominate this week's trading

Despite the previous week's 7 year low being unbroken . Initial profit taking stalled, and attracted fresh selling, at the key 13 day moving average – a level that has held for almost 2 months. Wednesday’s Marabuzo line, and the 13 day moving average, is now capping rallies and so although intraday price action is likely to remain volatile we look for rallies this week to be limited by .7521 with potential to .7377 and .7342.…

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Added by Alan Collins on February 9, 2015 at 8:11am — 2 Comments

FOREX forecast 09.02.2015-13.02.2015

EUR opened today with a small downside gap but the 1.1290 support stopped the downside move and the price bounced back to 1.1340 resistance. Next resistance comes at 1.1360-1.1380 area and above that the upside will accelerate. Target will be set at 1.1530, but before that 1.1410 and 1.1440 have to be broken too. This week there are few important economic releases and this somehow will help the EUR to recover further to the upside, but i do not expect for now recovery above 1.1600. To the…

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Added by Vladimir Mihaylov on February 9, 2015 at 6:39am — No Comments

EURGBP - Average and Marabuzo line caps. .7435 potential

Asian downside yesterday extended Wednesday’s strong rejection of the 13 day moving average. Europe reacted from those lows but the bounce was a limited one – capped comfortably by Wednesday’s Marabuzo line. While the unchanged close does reflect a degree of investor indecision it is the weakness of the rally that, coupled with a declining Keltner channel, keeps the focus on the downside targeting .7455 and .7435.…

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Added by Alan Collins on February 6, 2015 at 7:39am — 1 Comment

FOREX forecast 02.02.2015-06.02.2015

EUR has paused the high speed downside which started in December. However the downside is still far from over. On H4, Daily, Weekly and Monthly the indicators are bearish and for now do not show any signs of correction. To start a correction we need a H4 close above 1.1360 first, next resistance comes at 1.1480, above that will open the way to 1.1650 and 1.1800. To the downside things are much easier first support comes at 1.1270, followed by 1.1200 and 1.1140 , finally 1.1097 which was the…

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Added by Vladimir Mihaylov on February 2, 2015 at 6:24am — No Comments

EURGBP - Weak rallies and negative Keltner channel dominate

This week's consolidation continued yesterday. Little net movement has been seen over 3 days of trading but it is the weakness of profit taking attempts coupled with a still declining Keltner channel than emphasises that the underlying tone remains negative with potential through .7427 to .7405.…

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Added by Alan Collins on January 29, 2015 at 7:03am — No Comments

FOREX forecast 26.01.2015-30.01.2015

EUR continues free fall as the negative news is coming out one by one. First the ECB starts QE program and now in Greece will rule the pro-socialist government. Days of the european union are already counted, the countdown has started. EUR price goes to the downside incerasing its speed with every hour it is like a snowball falling downs the mountain slope and finally will crash into the rocks at the bottom. This morning the pair has recorded a fresh low at 1.1097 then corrected some 100…

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Added by Vladimir Mihaylov on January 26, 2015 at 6:42am — 1 Comment

EURUSD - Bounces to be limited. Potentail to 1.1282

Wednesday’s bearish Inverted Hammer pattern was…

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Added by Alan Collins on January 23, 2015 at 7:24am — No Comments

EURUSD - Keltner channel points lower. 1.1540 immediate target

Monday’s minor net gains were overturned yesterday. But the resulting downside was still muted – keeping prices near the bottom of a negative Keltner channel but without threatening Friday’s bullish Hammer pattern. This price action does not supply strong signals for sentiment but, despite Asian gains, 3cA studies are left negative for this morning with potential through 1.1561 to 1.1540 or even towards 1.1493. The risk is above 1.1642.…

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Added by Alan Collins on January 21, 2015 at 6:55am — 1 Comment

FOREX forecast 19.01.2015-23.01.2015

EUR continues to loose price against the Dollar. The price dropped to 1.1460 and then we had some 100 pips pullback. Currently the pair attempts to recover further using the profit taking from SHORT ahead of ECB later this week. We shall have also Germany's ZEW economic sentiment and Eurozone PMI which are expected to be better than previous so this may help the EUR to climb up to 1.1760 and even to test 1.2040 again. All indicators are bearish below 1.1570. First downside target is 1.1510…

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Added by Vladimir Mihaylov on January 19, 2015 at 6:49am — 2 Comments

EURUSD - Temporary, counter trend, profit taking to extend towards 1.1897

There was limited net movement in EURUSD yesterday. Both overnight highs and subsequent lows were rejected and the market continued to consolidate after 4 negative weekly performances. This price action does not provide strong signals for sentiment but despite the underlying tone remaining negative, intraday studies are more positive with scope to 1.1872 and 1.1897.…

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Added by Alan Collins on January 13, 2015 at 6:59am — No Comments

FOREX forecast 12.01.2015-16.01.2015

Last week EUR recorded a new low at 1.1754 and that was the fourth week in a row with a negative close. Weekly and Daily indicators are bearish, but the H4 ones show some signs of correction. Today we do not have any important economic data and the market calmed down after the stormy beginning of the year. Now everybody is waiting for Greece's elections on 25th of January. until then EUR will remain under a continuous downside pressure and any recovery will be limited. Currently the Daily…

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Added by Vladimir Mihaylov on January 12, 2015 at 6:26am — No Comments

FOREX forecast 05.01.2015-09.01.2015

EUR dropped heavily with today's open and started this week with a huge gap lower. Seems that EU economy is quite more worse than mr. Draghi and other financial ministers keep trying the whole 2014 to convince us. Now the politics take part in the game trying desperate to save the EU economy. mrs.Merkel says Greece may be kiked off the EU zone soon and this has turned the market into a strom field. It is good to know that such news throw the market into panic and economic data has no matter.…

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Added by Vladimir Mihaylov on January 5, 2015 at 6:27am — No Comments

FOREX forecast 29.12.2014

EUR starts the last week of the year with hopes for some recovery to the upside. H1, H4 and Daily indicators show a process of weak recovery has started with first target between 1.2250-1.2300. Any H4 drop below 1.2185 will restore the downside move. Weekly indicators are still negative with target 1.2060 still unreached, this may happen in the beginning of 2015 but first we need to break below 1.2160.

GOLD is still blocked inside the Daily Ichimoku, we need to break above the…

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Added by Vladimir Mihaylov on December 29, 2014 at 6:07am — No Comments

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