All Blog Posts Tagged 'EUR/USD' (1,632)

TD Securities - EURUSD looks well-underpinned technically but near range resistance in the upper 1.39s

TD Securities - "EURUSD hesitated only briefly early this week, respecting the “shooting star” top noted last week for a day or two, before pushing on to new cycle highs Thursday. The drop back in spot from the high 1.39 area Thursday—close to the top of the daily channel—alerts us to the risk of a deeper turn lower in the week ahead, however. We are a little uncomfortable with the EUR’s extended run higher but the technical underpinnings remain strong, with bullish trend momentum signals…

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Added by Francesc Riverola on March 16, 2014 at 3:49pm — No Comments

EURUSD Elliott Wave Analysis: Three Waves Down

EURUSD reversed sharply from the highs yesterday and is now trading 100 pips below 1.3966 level. A decline was very strong back to the area of the former wave four so looks like we have a top in place, at least for a the short-term. We expect now a minimum three wave set-back to 1.3800 region, which can either be start of a bearish impulse, or just a correction.

EURUSD 4h Elliott Wave Analysis…

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Added by Gregor Horvat on March 14, 2014 at 10:27am — No Comments

Dear EUR/USD, The Suspense is Killing Me!!!

Glad I have discipline. I'm itching to short this thing.

Added by Futuristic on March 11, 2014 at 11:06pm — 2 Comments

ANZ - EUR: Can It "Break on through to the other side"?

ANZ - "· Declining resistance (off 2008’s 1.6040 high), which capped EUR/USD at 1.3885-90 in December, is being breached (1.3820-25 this week).

· A weekly close above 1.3825 (confirmed above 1.3895) should trigger a range flip to 1.4150 if not a broader measured target of 1.4420.

· Despite breaking declining resistance, broad patterns since 2008 are considered corrective with strong resistance likely at 1.4420-50.

· A close below 1.3820 would reduce near term upside…

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Added by Francesc Riverola on March 7, 2014 at 10:54am — No Comments

EURUSD Threatening 1.3892 2013 High: Elliott Wave Analysis

Today is a big day for the markets; the US NFP report will be released later at 13:30GMT. The expectations are 151K. Number above it will send the USD higher and EUR would reverse from resistance while figure around 130K or even lower with be ca catalyst for EURUSD move above 1.3900.



Technically speaking we still don’t know if EURUSD is now at the top of wave D that is part of a triangle or if pair will continue straight up. However, short-term charting suggests a reversal down…

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Added by Gregor Horvat on March 7, 2014 at 9:24am — No Comments

JP Morgan - Another key test for the broad USD

JP Morgan - "The setup for the broad USD picture weakened over the past week while presenting another important test for the short term view. In this regard, the failure against key initial resistance levels has shifted the focus back to critical support levels which should define whether a recovery phase or deeper retracement can develop. While the current oversold framework favors a recovery phase, the late-week decline raises some doubts. In turn, we highlight the key markers that should…

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Added by Francesc Riverola on March 3, 2014 at 8:51pm — No Comments

EURUSD Elliott Wave Analysis: Wave D Upwards 1.3850

EURUSD broke higher on Friday as expected after we identified a three wave corrective set-back from 1.3773 to 1.3640, labeled as wave (x). Despite some strong bullish sentiment in the last few trading days we need to consider a bigger pattern where EURUSD is still trapped in range-bound market. In fact, even rally from 1.3474 is overlapping so it's considered as corrective move, probably wave D of a triangle from a daily chart. If that is the case then current double zigzag will stop around…

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Added by Gregor Horvat on March 3, 2014 at 9:59am — 1 Comment

EUR/USD, GBP/USD & AUD/USD week ahead..

#‎GBP‬/USD 233 MIN chart. 76.8% fib resistance from yearly highs...has to clear 1.6830 for bull run…





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Added by Shaun Powell on March 2, 2014 at 5:06pm — No Comments

EURUSD Elliott Wave Analysis: Pair Looking Towards A New Swing High

EURUSD reversed to the downside in this week from 1.3773 but only in three legs which now looks like a completed corrective move after recent 80pip bounce from 1.3640. As such, short-term bias is now to the upside, for another three wave rally towards 1.3800-1.3850 area.

EURUSD 4h Elliott Wave Analysis…

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Added by Gregor Horvat on February 28, 2014 at 9:00am — No Comments

Westpac - We are predisposed to selling EUR/USD on strength

Westpac - "EUR/USD seemed to satisfy the consensus early in the new year, settling into a low intensity decay from 1.38 to sub-1.35 in Jan. However, price action in Feb has seen those losses completely unwound. There are four key near term (inter-related) themes for EUR/USD: 1) the complexion of the US data; 2) the complexion of the Eurozone data; 3) the prospects for ECB easing; and 4) developments in the periphery. We assess that on balance the positives outweigh the negatives. We quantify…

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Added by Francesc Riverola on February 19, 2014 at 4:57pm — No Comments

RBS - Key Global Currency Themes This Week: Stay with stronger EUR/USD

Royal Bank of Scotland - "Trading Summary: Stay with stronger EUR/USD as the ECB dithers on easier policy and US data fizzles. With event risk from the BoE Inflation Report now passed, GBP strength can continue. We reaffirm our 1.69 end-Q1 target for GBP/USD, but see increased overshooting risks for the coming month. NOK price action remains constructive, with a move back in line with its traditional drivers ongoing. Further outperformance is likely on a confirmed break of 8.31 in EUR/NOK…

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Added by Francesc Riverola on February 17, 2014 at 10:52am — No Comments

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

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