All Blog Posts Tagged 'EUR' (785)

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

MERRY CHRISTMAS !!!

Merry Christmas, dear…

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Added by Vladimir Mihaylov on December 24, 2014 at 6:00pm — 3 Comments

FOREX forecast 22.12.2014

Another week another fresh EUR low. The EU currency hit the 1.2220 resistance which is the Monthly SMA200 too. There are only a few trading days of 2014 and just one support standing - this is the area 1.2060-1.2080. Currently the pair is stongly bearish on all time frames an this state will remain until the price is below 1.2270 which is the first Daily resistance, the second one is 1.2320 and finally 1.2360-1.2385. Today is expected some worse data from Germany, and for the rest of the…

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Added by Vladimir Mihaylov on December 22, 2014 at 6:23am — 3 Comments

FOREX forecast 15.12.2014

EUR is moving in a range since the end of last week between 1.2400 and 1.2485. Of course range is pretty wide and allows to use the strategy buy at the bottom and sell at the top as we have a strong resistance above 1.2500. I expect range trade to continue with bearish tone, i am not optimistic about the EUR recovery till the end of this month and year. Christmas is coming in 10 days and we may see a partly profit taking ahead of the holiday. Here are the resistance and support levels for…

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Added by Vladimir Mihaylov on December 15, 2014 at 5:49am — No Comments

EURGBP - Capped by key Average - .7832 targeted

Overturning the preceding week's improvement selling interest returned to EURGBP last week. 3 week lows were posted last Wednesday but almost half of the initial downside was regained the following day. This volatility means signals for sentiment cannot be clear but with the market consolidating below the 13 day moving average and the daily Ichimoku Cloud the focus is on the downside targeting .7832 and .7799.…

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Added by Alan Collins on December 8, 2014 at 8:17am — No Comments

FOREX forecast 08.12.2014-12.12.2014

EUR started the week below 1.2300 level. This week's target will be 1.2220 and below. However i expect the current downside to stop somewhere above 1.2100 and from there to start a massive recovery to the upside. All the things on Monthly may turn heavy EUR negative if next year EUR price drops below 1.2000. This if happens may push the price down to 1.1000 and even below. But let's now forget this scenario because it is a really long term one. This year's target will be somewhere above…

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Added by Vladimir Mihaylov on December 8, 2014 at 6:21am — No Comments

EURUSD - Key average caps - 1.2332 targeted

Against a background of bearish signals for sentiment for this week, the capping of the topside at the 13 day moving average proved important. Using that point as a cap, yesterday saw renewed selling pressure. Steady downside resulted and even though last week's low went untested and prices are approaching oversold extremes, the decline leaves sentiment negative targeting 1.2332 and 1.2289.…

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Added by Alan Collins on December 3, 2014 at 6:59am — 1 Comment

FOREX forecast 01.12.2014-05.12.2014

EUR is in a consolidation ahead of the ECB rate decision on Thursday. Until that i expect the consolidation to continue with a bearish tone. We have two major resistances which may reverse the bearish outlook. First one is at 1.2580 and the second one is at 1.2620. breaking of them both and closing the week above will reverse the bearish outlook. On the other side bears have the excellent opportunity of testing 1.2360, as the ECB is expected to leave the interest rate at the record low level…

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Added by Vladimir Mihaylov on December 1, 2014 at 5:06pm — No Comments

EURGBP - Capped by average and Marabuzo line

This week's price action has been caught within a narrow range. Around the 13 day moving average and the daily Ichimoku Cloud this is a consolidation after last week's powerful decline. A lack of follow through in either direction means that immediate signals for sentiment are not strong but it is the upside failure that means 3cA intraday studies are negative with potential to .7907 and .7897.…

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Added by Alan Collins on November 28, 2014 at 6:59am — No Comments

FOREX forecast 24.11.2014-28.11.2014

EUR dropped heaviliy again last Friday following mr.Draghi's speech. It reached 1.2360 again and currently has formed a 'double bottom' formation. However this formation is still unconfirmed. I will consider it confirmed once the price breaks above 1.2465. On double bottom confirmation we shall have a signal for a powerful profit taking and upside recovery to 1.2620. Once above it the upside will continue to 1.2740. For now first strong resistance comes at 1.2470, followed by 1.2510. If the…

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Added by Vladimir Mihaylov on November 24, 2014 at 6:21am — No Comments

FOREX forecast 17.11.2014-21.11.2014

Last Friday EUR made some recovery to 1.2550-60 resistance area. Today EUR reversed to the downside again and has cleared all the progress made on Friday. Currently EUR found support at 1.2450 which is also the H4 Senkou Span A price. For now we are still just above the support but i think there is a huge possibility for it to be broken soon. H4 indicators are bearish, and the Daily ones are going bearish too. First target is 1.2380 and then 1.2325. To the upside we need to break above…

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Added by Vladimir Mihaylov on November 17, 2014 at 6:37pm — No Comments

EURUSD - Further profit taking expected. 1.2686 targeted this week

Trading in EURUSD last week was trendless with direction changed on each of the first 4 days.This ended sharply on Friday with the week's lows tested and a powerful turn in sentiment that took prices to week's high.This ended a sequence of 3 down weeks and although this rally is tentative signals indicate scope for the bounce to extend temporarily in the coming days targeting 1.2623 and 1.2686.…

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Added by Alan Collins on November 17, 2014 at 8:38am — No Comments

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