All Blog Posts Tagged 'EUR/USD' (1,635)

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

EURUSD Weekly Forecast 20 - 24 Jan

Recommendations: SHORT positions below 1.3620 with 1.3475 & 1.3400 as next targets.

Alternative scenario:The upside breakout of 1.3620 will bring rebound to 1.3700/1.3765.

Description: Outlook in EURUSD is on the downside this week with risk towards 1.3475 ahead of 1.3400 levels as long as resistance 1.3620 holds on a daily closing basis, below 1.3400 would open 1.3300 next.On the upside break of  1.3620 would…

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Added by Haitham653 on January 18, 2014 at 1:00pm — No Comments

EURUSD – Intraday Forecast 17 Jan 2014

EURUSD – Intraday Forecast 17 Jan 2014 (Under Pressure)

Recommendations: SHORT positions below 1.3650 with 1.3580 & 1.3550 as next targets.

Alternative scenario:
The upside breakout of 1.3650 will open 1.3700/1.3730 levels.

Description:
 Intraday bias in EURUSD is on the downside as long as resistance 1.3650 holds on hourly basis with risk towards 1.3580 ahead of 1.3550 levels ,On the upside…

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Added by Haitham653 on January 16, 2014 at 11:01pm — 2 Comments

Intraday Market Forecast 14 Jan 2014

Intraday Market Forecast will be focusing on EURUSD , XAUUSD & Crude Oil today :

EURUSD: (Upside Bias )

Recommendations: LONG positions above 1.3645 with 1.3675 & 1.3700 as next targets.

Alternative scenario:The downside breakout of 1.3645 will open 1.3620/1.3590 levels.

Description: Intraday bias in EURUSD is on the upside as long as support…

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Added by Haitham653 on January 14, 2014 at 8:00am — No Comments

Intraday Market Forecast 13 Jan 2014

Intraday Market Forecast will be focusing on EURUSD , XAUUSD & Crude Oil today :

EURUSD: (Upside Bias )

Recommendations: LONG positions above 1.3600 with 1.3710 & 1.3745 as next targets.

Alternative scenario:The downside breakout of 1.3600 will open 1.3550/1.3500 levels.

Description: Intraday bias in EURUSD is on the upside , and rise from…

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Added by Haitham653 on January 13, 2014 at 8:51am — No Comments

EURUSD Weekly Forecast 13 -17 Jan

Recommendations: LONG positions above 1.3590 with 1.3710 & 1.3745 as next targets.

Alternative scenario:The downside breakout of 1.3590 will call for a slide to 1.3550/1.3500.

Description:The EURUSD  maintained a bullish momentum last week , broke above 1.3655 levels , with the key support 1.3590 intact , further upside couldn’t ruled out , main resistance comes at the 1.3745 levels , around this level we might see hesitation,…

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Added by Haitham653 on January 12, 2014 at 10:37pm — 1 Comment

EURUSD Steady Ahead of Non-Farm Payrolls !

The EURUSD declined  towards 1.3550 levels yesterday, tested the rising support line from 1.2754/1.3294 levels ,the pair was rejected late in the U.S session and ended the day above 1.3600 levels.

Momentum indicators show that sellers are losing the downside momentum , the downside move yesterday was contained by the rising support line from – middle of 2013 – and the sloping support line – red thick line in the chart chart – however ; stability above both lines will keep the bullish…

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Added by Haitham653 on January 10, 2014 at 10:09am — 1 Comment

Intraday Market Forecast 10 Jan 2014

Intraday Market Forecast will be focusing on EURUSD , XAUUSD & Crude Oil today :

EURUSD: (Under Pressure )

Recommendations: SHORT positions below 1.3650 with 1.3580 & 1.3555 as next targets.

Alternative scenario:The upside breakout of 1.3650 will open 1.3680/1.3710 levels.

Description: The pair is under pressure as long as trades below 1.3650…

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Added by Haitham653 on January 10, 2014 at 7:55am — No Comments

EURUSD is testing rising support from 1.2754 ahead of Eurozone rate decision !

As shown on the daily chart below, the EURUSD has tested the rising support line from 1.2754/1.3294 ahead of ECB Press conference and Eurozone rate decision , the pair has hit a strong and a solid medium term support , taking a look from technical and fundamental view ; what would happen next would decide the next destination for EURUSD pair. since the EURUSD in a strong uptrend , I believe EUROzone’s data would only change trend direction.

Fundamentally : What would…

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Added by Haitham653 on January 9, 2014 at 11:00am — No Comments

Intraday Market Forecast 09 Jan 2014

Intraday Market Forecast will be focusing on EURUSD , XAUUSD & Crude Oil today :

EURUSD: (Under Pressure )

Recommendations: SHORT positions below 1.3618 with 1.3550 & 1.3530 as next targets.

Alternative scenario:The upside breakout of 1.3618 will open 1.3655/1.3685 levels.

Description: The pair is under pressure as long as trades below 1.3618…

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Added by Haitham653 on January 9, 2014 at 9:11am — No Comments

Intraday Market Forecast 08 Jan 2014

Intraday Market Forecast will be focusing on EURUSD , XAUUSD & Crude Oil today :

EURUSD: (Cautious Rebound )

Recommendations: LONG positions above 1.3580 with 1.3630 & 1.3650 as next targets.

Alternative scenario:The downside breakout of 1.3580 will open 1.3550/1.3520 levels.

Description: At the moment ; the pair is rebounding to the upside ,…

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Added by Haitham653 on January 8, 2014 at 9:10am — 10 Comments

EUR ON THE DEFENSIVE- Market musings-TD Securities

"(...)

Charts Point Lower

From a technical perspective, the stars have aligned over the course of the past few weeks to suggest that an important top/reversal in EURUSD formed through December after repeated failures to sustain 1.38+ levels—effectively a rejection of trend line resistance drawn off of the 2008 high.

Short-term trend channel support at 1.3620 has provided some underpinning for the EUR so far this week but loss of support here in the next few days will prompt…

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Added by Daologic on January 8, 2014 at 5:31am — No Comments

Morning FX Outlook -TD

"Key Morning Themes

The USD is narrowly mixed against its G-10 counterparts so far today.  Equity markets are mostly firmer in Europe, though Asia tended towards softness and losses for the N225 are…

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Added by Daologic on January 7, 2014 at 1:17pm — No Comments

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