All Blog Posts Tagged 'EUR/USD' (1,627)

EURUSD Bullish or Bearish; 50:50 – Elliott Wave Analysis

eurusd elliott wave analysis

On EURUSD we still have unlcear situation reagrding the future moves as pair is trading in the middle of 2014 highs and lows. We are trackign two count but adjusted the bearish one. On the right we are looking now at epxanded flat correction once again with wave C pending top around 1.3740. It will be interesting to see how market will respond in that zone; desicive break or sharp reversal!? I decline would be impulsive, then bearish will be confirmed, otherwise we will have…

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Added by Gregor Horvat on February 14, 2014 at 9:00am — No Comments

EURUSD At "Do or Die" Level: Elliott Wave Forecast

EURUSD has turned up yesterday but slowed down at 50-61.8% Fibonacci retracement level, at "do or die" zone as highlighted on the chart. In fact, rally from the lows is still only in three legs so move can be corrective, ideally it's wave 2 part of a big impulsive bearish price action. However, we need to see an impulsive reaction from current resistance level, back to 1.3500 to confirm a bearish case. We would turn bullish on the pair only if pair will rise above 1.3740 critical…

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Added by Gregor Horvat on February 7, 2014 at 9:50am — No Comments

EURUSD Intraday Forecast Feb 07

Recommendations: LONG positions above 1.3554 with 1.3630 & 1.3660 as next targets.

Alternative scenario:The downside breakout of 1.3554 will call for a slide to 1.3510/1.3480.

Description: Intraday outlook in EURUSD is on the upside with risk towards 1.3630 ahead of 1.3660 as long as support 1.3554 holds on hourly basis ,losing 1.3554 levels on hourly basis would weaken the current bullish run and reverse risks to the…

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Added by Haitham653 on February 7, 2014 at 8:05am — 5 Comments

EURUSD Intraday: Two Elliott Wave Counts, Both Bearish

EURUSD is trapped in 60 pip range which we think it’s a corrective price action, but still not clear if completed or now. We are observing two slightly different scenarios, but both bearish within a larger trend. The first count shows idea of a triangle placed in wave (iv) from where, if correct, we should see immediate break through the lower side of the pattern that will confirm wave (v) move down to 1.3440.

EURUSD count #1…

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Added by Gregor Horvat on February 5, 2014 at 10:40am — No Comments

EURUSD Intraday Forecast Feb 05

Recommendations: SHORT positions below 1.3572 with 1.3480 & 1.3455 as next targets.

Alternative scenario:The upside breakout of 1.3572 will open 1.3600/1.3630 levels.

Description: Intraday outlook in EURUSD is on the downside as long as 1.3572 holds on hourly basis , support around 1.3500 , below this level will open 1.3475 ahead of 1.3455 levels , further out will aim the 1.3400 levels.On the upside , resistance at 1.3535…

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Added by Haitham653 on February 5, 2014 at 7:11am — 1 Comment

EURUSD Forecast Feb 04 2014

Recommendations: SHORT positions below 1.3572 with 1.3510 & 1.3475 as next targets.

Alternative scenario:The upside breakout of 1.3572 will open 1.3600/1.3630 levels.

Description: Intraday outlook in EURUSD is on the downside as long as 1.3572 holds on hourly basis , support around 1.3510 , below this level will open 1.3480 ahead of 1.3455 levels , further out will aim the 1.3400 levels.On the upside , break of 1.3572 on…

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Added by Haitham653 on February 4, 2014 at 8:31am — 1 Comment

EURUSD Forecast Feb 03-07

Recommendations: SHORT positions below 1.3572 with 1.3400 & 1.3325 as next targets.

Alternative scenario:The upside breakout of 1.3572 will open 1.3650/1.3740 levels.

Description: The EURUSD maintained a bearish momentum last Friday , topped at the 1.3572 levels , and bottomed at the 1.3478 levels , Now pressure will be on the key support 1.3478 .The EURUSD will have to hold below the 1.3478 levels on a daily closing basis…

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Added by Haitham653 on February 2, 2014 at 10:46pm — No Comments

EURUSD targets 1.3325 , Resistance 1.3715 !

The EURUSD maintained a bearish momentum this week , topped at 1.3716 levels , and broke below support 1.3567 . This development leaves the pair targeting the 1.3400 levels where  a breach is very likely ,If seen it will turn focus on the 1.3325 levels , further out will aim the 1.3230 levels . a halt is strongly suggested but a cut will bring a free fall towards the 1.2954 levels.

On the upside , resistance comes at the 1.3716 levels , stability below this level on a weekly closing…

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Added by Haitham653 on January 31, 2014 at 5:27pm — No Comments

EURUSD – Intraday Forecast 31 Jan 2014

Recommendations: SHORT positions below 1.3559 with 1.3510 & 1.3480 as next targets.

Alternative scenario:
The upside breakout of 1.3559 will bring rebound to 1.3587/1.3625.

Description:
 Intraday bias in EURUSD is neutral with downside risk towards 1.3510 ahead of 1.3480 levels as long as resistance 1.3559 holds on hourly basis , stability below 1.3559 will build pressure on the 1.3531 levels , a cut will extend…

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Added by Haitham653 on January 31, 2014 at 10:00am — No Comments

XAUUSD – Intraday Forecast 28 Jan 2014

Recommendations: LONG positions around 1248 with 1255 & 1260 as next targets.

Alternative scenario:
The downside breakout of 1244 will bring a slide to 1237/1232.

Description:
 Intraday bias in XAUUSD is neutral with risk to the upside towards 1255 ahead of 1261 levels  as long as support 1244 holds on hourly closing basis , break of 1261 is needed to open 1270/1275 next .On the…

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Added by Haitham653 on January 28, 2014 at 9:50am — 2 Comments

EURUSD – Intraday Forecast 28 Jan 2014

Recommendations: LONG positions above 1.3623 with 1.3680 & 1.3710 as next targets.

Alternative scenario:
The downside breakout of 1.3623 will bring a slide to 1.3580/1.3550.

Description: 
Intraday bias in EURUSD is neutral with risk to the upside as long as support 1.3623 holds on hourly basis with risk towards 1.3680 ahead of 1.3710 levels , break of 1.3710 would open 1.3740 next…

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Added by Haitham653 on January 28, 2014 at 9:00am — No Comments

EURUSD Weekly Forecast 27 – 31 Jan

Recommendations: SHORT positions below 1.3740 with 1.3620 & 1.3520 as next targets.

Alternative scenario:The upside breakout of 1.3740 will open 1.3815/1.3890 levels.

Description: Outlook in EURUSD is neutral this week , resistance comes at the 1.3740 levels, break of 1.3740 on a daily basis would suggest that rise from 1.3507 is resuming and target 1.3815 levels , above 1.3815 will turn focus on the 1.3890 levels , further…

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Added by Haitham653 on January 25, 2014 at 10:13pm — 1 Comment

EURUSD – Intraday Forecast 24 Jan 2014

Recommendations: LONG positions around 1.3645 with 1.3700 & 1.3750 as next targets.

Alternative scenario:
The downside breakout of 1.3625 will bring a slide to 1.3600/1.3580.

Description:
 Intraday bias in EURUSD is on the upside as long as support 1.3625 holds on hourly basis with risk towards 1.3700 ahead of 1.3750 levels .On the downside ,break of 1.3625 on hourly basis would…

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Added by Haitham653 on January 24, 2014 at 9:06am — No Comments

EURUSD targets 1.3750 levels !

The EURUSD maintained a bullish momentum yesterday , topped at the 1.3698 levels , and bottomed at the 1.3507 levels few days ago .Now pressure will be on the 1.3698 levels.

The EURUSD will have to hold above the 1.3698 levels on a daily closing basis to push the market for further upside gains , If seen , It will target the 1.3750 levels where a breach will turn focus on the 1.3815 levels , further out will aim the 1.3890 levels.

Alternatively , a failure to hold…

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Added by Haitham653 on January 24, 2014 at 8:42am — 3 Comments

EURUSD breaks -out falling wedge after strong German/French PMIs

The EURUSD moves higher this early moaning and breaks out of the falling wedge pattern  and above resistance 1.3582/1.3620 , at the moment the pair is around 1.3640 levels .

Both data “German & French ” were above expectations . the French PMI was 48.8 while the German PMI was 56.3 , too far beyond expectations “54.7″ , this development is an early warning for further gains in the nearest future , especially if the pair mange to hold its gains above 1.3620…

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Added by Haitham653 on January 23, 2014 at 12:11pm — 4 Comments

EURUSD needs to clear 1.3582/1.3620 to escape the threat of falling to 1.3400

The EURUSD halted its losses after forming a short term bottom at the 1.3507 levels , according to 4 hour chart resistance comes at the 1.3582 levels , the pair was rejected this early morning with bearish divergence , stability below this level will keep the bearish momentum intact, support comes at the 1.3540 levels , losing this level on a 4 hour basis will accelerate the bearish move and may expose 1.3507 levels , If seen , It will extend losses to…

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Added by Haitham653 on January 22, 2014 at 12:03pm — No Comments

EURUSD – Intraday Forecast 22 Jan 2014

Recommendations: SHORT positions below 1.3582 with 1.3540 & 1.3516 as next targets.

Alternative scenario:
The upside breakout of 1.3582 will bring rebound to 1.3620/1.3650.

Description: 
Intraday bias in EURUSD is on the downside as long as resistance 1.3582 holds on hourly basis with risk towards 1.3540 ahead of 1.3515 levels , below 1.3515 would open 1.3470 next . On the upside…

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Added by Haitham653 on January 22, 2014 at 11:09am — No Comments

EURUSD – Intraday Forecast 21 Jan 2014

Recommendations: SHORT positions below 1.3567 with 1.3540 & 1.3516 as next targets.

Alternative scenario:
The upside breakout of 1.3667 will bring rebound to 1.3590/1.3620

Description:
 Intraday bias in EURUSD is on the downside as long as resistance 1.3567 holds on hourly basis with risk towards 1.3540 ahead of 1.3515 levels , below 1.3515 would open 1.3470 next . On the upside ,break of 1.3567 on…

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Added by Haitham653 on January 21, 2014 at 10:23am — No Comments

EURUSD steady ahead of German Data !

The EURUSD halted its losses yesterday , rejected from from the rising support from 1.3105/1.3295 levels , Momentum indicators show that sellers are losing the downside momentum , but that’s not enough , today we have critical data from Germany , let’s see how German ZEW Economic Sentiment will affect the EURUSD today ?!!

First let’s highlight support and resistance levels:

1.3330, 1.3400 ,1.3473 , 1.3516 , 1.3567 , 1.3620 (critical) , 1.3700, 1..3800

Last release was 62…

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Added by Haitham653 on January 21, 2014 at 9:45am — 1 Comment

JP Morgan - Although slowly taking shape, the assumed EUR/USD downtrend has not been confirmed yet

JP Morgan - "Displaying a fairly well-defined 5-wave pattern in the first initial sell-off from 1.3893 to 1.3548 and having already broken a former wave 1 top 1.3577 we see a high probability that the 2012-2013 countertrend rally is complete. An extension up for a test of 1.3912/18 (monthly trend/monthly Ichimoku-lagging) and possibly to 1.4259/83 (int. 76.4 %/pivot) can however not be excluded as long as key-support between 1.3548/16 (last low/daily trend) and 1.3468/36 (daily…

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Added by Francesc Riverola on January 21, 2014 at 8:49am — No Comments

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