All Blog Posts Tagged 'EUR' (886)

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

RBS: EURUSD weekly technical outlook

"EUR/USD FX–has broken the 1.2500 support, but found another one near the 1.2384 level, being the 23.6% retracement from the 2012 impulse wave. There is little conviction from a technical point of view, as the next big move would depend on the test of this level. The MACD weekly is still bearish but its histogram…

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Added by Daologic on November 16, 2014 at 6:30am — No Comments

EURUSD Capped by key Average, downside targets 1.2394.

The current lack of follow through in either direction was emphasised yesterday as price action countered the previous days for a 5th consecutive day. But although the gains were enough to regain Wed’s decline, the key 13 day moving average was again untested and it is that factor, coupled with Asian selling, that leaves sentiment negative targeting 1.2419 and 1.2394.…

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Added by Alan Collins on November 14, 2014 at 7:11am — No Comments

Rabobank FX:GBP - too bearish?

"(...)

Relative to its July high, GBP/USD is currently trading around 7.5% lower.  We do not expect that this adjustment has any further to go near-term.   Even though we see no need for the BoE to rush into a rate hike (we expect no move until May at the earliest), equally we do not expect the Fed to have to hurry to adjust policy.  Wage inflation and disinflationary pressure are also evident in the US and we do…

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Added by Daologic on November 12, 2014 at 9:46am — No Comments

EURGBP remains capped. Retest of last week'slows targeted

The Oct 31st Marabuzo line and the 13 day moving average continue to dominate EURGBP. That point has capped all rallies this month and although this has yet to be translated into a renewal of significant selling pressure, underlying sentiment is assessed as negative. So, allowing for further, narrow, volatility, we look for last week's .7798/99 lows to be retested.…

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Added by Alan Collins on November 12, 2014 at 7:00am — No Comments

FOREX forecast 10.11.2014-14.11.2014

EUR reached a fresh low last week at 1.2360 then some profit taking appeared on Friday and the pair returned back at the important 1.2450 support. Currently we are above it and the H1, H4 and Daily indicators show some recovery signs. However we have some strong resistances ahead, and this recovery may be just some profit taking and not a real recovery process. First resistance comes at 1.2520, the second one is at 1.2565 and finally 1.2650. Only above the last we shall have a real recovery…

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Added by Vladimir Mihaylov on November 10, 2014 at 6:10am — No Comments

EURGBP - Negative - dominated by Marabuzo lines

For a 3rd day in a row, yesterday saw demand falter and reverse at a Marabuzo line created last Friday. That level currently coincides with the 13 day moving average so the resistance is magnified. Yesterday's upside rejection came from a lower open and so the result was an almost unchanged close. But despite the indecision that normally highlights, and a failure to hold below .7800,the weakness of the bounce means sentiment is left negative targeting .7798/99 and .7782.…

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Added by Alan Collins on November 7, 2014 at 7:06am — No Comments

TD:FX Set-up: Draghi Takes the Center Stage

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So we look for Draghi to reinforce that the ECB is acting, that ABS buying is ready a month earlier than expected, and that if it feels the need to expand the programs further, it will do so in the future, but not now.  This will likely disappoint market expectations given…

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Added by Daologic on November 6, 2014 at 12:35pm — No Comments

EURGBP - Hugging Negative Channel/Capped by Average

After 7 days of indecisive range trading (capped by the 13 day mvg avg) Friday saw fresh selling of EURGBP. This renewed the underlying bearish tone reflected by the aggressive downside seen over the last 6 months.

Although this week has begun with consolidation, profit taking remains weak and we look for the topside to be constrained by a Marabuzo line created by Friday's decline and the 13 day line.

Downside targets are projected as .7770 and .7726.…

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Added by Alan Collins on November 4, 2014 at 1:05pm — No Comments

Rabobank FX: USD bulls - a threat?

"While the US economy has little need for strong currency, it is still too early to consider the USD as being too strong.  But assuming the USD continues to appreciate against a broad basket of currencies, it may not be too long before corporate America starts to object.  The  USD index at 87.15 is not drastically below its average rate since the start of the century (88.83), while on several measures of purchasing power…

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Added by Daologic on November 4, 2014 at 12:31pm — No Comments

FOREX forecast 03.11.2014-07.11.2014

EUR under a heavy downside pressure again after last week's FED meeting and has broken the 1.2500 support, currently trading below it too. Weekly, Daily and H4 indicators are bearish so another push downside is ahead. Seems that the EUR will look for support around 1.2200-1.2140 and finally 1.2000. It may seem too catastrophic but prices below 1.2000 are also possible, but maybe next year. For now EUR is bearish below 1.2530 and first resistance is now 1.2500.

GOLD dropped sharply to…

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Added by Vladimir Mihaylov on November 3, 2014 at 5:53am — 1 Comment

TD: EURUSD weekly technical outlook

"EURUSD formed a bullish piercing line reversal on the weekly chart at the start of the month but limited follow through interest above 1.2850 leaves recovery scope looking fairly limited at present. At best, the weekly chart supports the impression from the dailies of a stalled move lower but there is little or…

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Added by Daologic on October 27, 2014 at 4:11pm — No Comments

FOREX forecast 27.10.2014-31.10.2014

EUR is currently below the Daily resistance of 1.2720, we have two more resistance levels to break after that - they are 1.2735 and 1.2760. Above the last the upside will be fully restored and you may enter LONG. We have the FOMC meeting on Wednesday so i expect some EUR recovery ahead, but not above 1.2900 before the meeting. Weekly, Daily and H4 indicators are turning to the upside so this tells me that some recovery is possible. If we break 1.2900 resistance too then the recovery may…

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Added by Vladimir Mihaylov on October 27, 2014 at 5:57am — No Comments

FOREX forecast 20.10.2014-24.10.2014

EUR slowly looses positions from last Wednesday's upside jump and is trading currently at the 1.2750 support. Next stronger support is at 1.2700, for which i ecpect to hold and the recovery to continue to 1.2900 and above. However if for some reason we have a Daily close below 1.2700, this will reopen the way back to 1.2540 and below. This week we do not have any so much important news, except PMI data on Thursday and US jobless claims later the same day.

GOLD is locked within the…

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Added by Vladimir Mihaylov on October 20, 2014 at 5:15am — No Comments

EURGBP - Gradual recovery to extend this week.

The rally from last month’s 2 year low extended last week. This 2nd up week in succession was a tentative move dominated by Monday’s gains and uncomfortable above .7900. In fact the last 5 trading days have oscillated around the important 13 day moving average. Although this clearly highlights a degree of uncertainty, and Friday’s close was marginally below the average line, 3cA studies are left mildly positive with potential through .7900 to .7932.…

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Added by Alan Collins on October 13, 2014 at 6:56am — No Comments

FOREX forecast 13.10.2014-17.10.2014

EUR was unable to reach 1.2350 weekly target as the last downside push has been stopped by the 1.2500 level. A powerful recovery followed reaching 1.2800. Currently we are above the main daily support @ 1.2650 and seems the recovery is going to continue with first target 1.2730 and second one at 1.2800 finally 1.3000. However it is too early to say that any downside is over as the daily indicators are showing unstable recovery. Today is a non-working day for USA, Canada and Japan, markets…

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Added by Vladimir Mihaylov on October 13, 2014 at 5:33am — No Comments

UBS:FX Perspectives- No Dollar Top Yet

"Broad-based dollar strength to continue, subject to positioning adjustments.

We expect the dollar to continue outperforming within G10 heading into year-end. Policy differentials will consolidate in the dollar's favour and the latest round of data suggest that the balance of risks has shifted towards the Fed becoming more assertive. On top of the strong September payrolls report, our economists note that September ISM figures appeared 'consistent with 5% real GDP growth and 300k'…

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Added by Daologic on October 7, 2014 at 5:33am — No Comments

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