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LONG EUR above 1.3830 SL 1.3815 TP 1.3870-1.3890-1.3910-1.3925
SHORT EUR below 1.3925 SL 1.3950 TP…Continue
EUR has tested 1.3700 support yesterday, but couldn't progress over 1.3750, finally closed the day close to 1.3730. Worse US data din't not affect the price at all, market completely ignored that and all eyes are on the ECB for today. If we are not able to progress over 1.3770 today, the pair will become under a heavy selling pressure with targets around 1.3600 and maybe below.Only above 1.3770 we shall try to reach 1.3825-30 which has rejected the price several times. If that is broken too…Continue
"The euro is a dog. Instead of deriving support from the easing of tensions in Ukraine/Crimea and the best euro zone service PMI since June 2011, as well as a surge in January retail sales (1.6%, reversing the revised 1.3% decline in December), the euro has been sold to new lows for the week and nearing the low seen before last week's February inflation report…Continue
Added by Daologic on March 5, 2014 at 12:39pm — No Comments
EUR is still consolidating below 1.3770. All are waiting for the next move from the ECB. Closing today below 1.3730 will make bulls' situation even more complex. Traders still avoid going SHORT and are very careful. Today more of the same can be expected with testing 1.3700 and 1.3770, which are the support and resistance levels. We have to wait for the ECB next move to see a breaking out of this range.
GOLD bounced back by the Weekly resistance 1354 and tested 1331 support area. For…Continue
Added by Vladimir Mihaylov on March 5, 2014 at 6:10am — No Comments
EUR moved in a narrow range yesterday until american serrion, then it slided a little more on better US data and is currently trading near the well known support of 1.3720. We were not able to close the day below that support so the chances of recovery to the upside still present. Upside will be restored on H4 close above 1.3770 with first resistance 1.3830 and second one 1.3890. I expect the pair to find support at 1.3720 and at 1.3700 and finally 1.3670 in the next 2-3 days. Only breaking…Continue
Added by Vladimir Mihaylov on March 4, 2014 at 6:02am — No Comments
The week ahead could very well be the most important week of the month. Four central banks from the high income countries meet, the latest purchasing managers surveys will be released and the latest reading on the US labor market will be announced.…Continue
What We Learnt Last Week | Inflation pressures are easing across the Euro area economies, but probably not quickly enough to see the ECB cut this week. This supports our "EUR to hit 1.40" call. The Fed's Tarullo and Yellen both raised the issue of financial stability in the context of low rates. Coincidence? Unlikely. The BoE is becoming gradually less ambivalent to GBP strength and the hawks are a long way off voting…Continue
Added by Daologic on March 3, 2014 at 9:27am — No Comments
"Big Week Ahead
(In thin pre-Asian activity, the dollar and yen are gaining against the other major currencies in the immediate reaction to weekend…Continue
Added by Daologic on March 3, 2014 at 6:47am — No Comments
"EUR: Final PMI (Mar 3/5, 08:55 GMT)
The final February PMIs for Eurozone and Germany are expected to remain unchanged from the flash estimates for both the manufacturing and services sectors.
AUD: RBA Decision/Stevens Testimony (Mar 4/6)
The RBA is likely to hold rates (as Stevens testifies to the HoR), but key is their reaction to capex intentions which imply a cliff – especially given their recent move to a 'neutral' bias indicating likely…
Added by Daologic on March 3, 2014 at 6:41am — No Comments
EUR opened today's session with a huge downside gap. The price has tested the support at 1.3750 where buyers appeared and took the price back to 1.3780-90 resistance area. This will be the first resistance for today and the second one will be 1.3824. If we fail to record a new high today then a powerful downside move will appear. In all this bullish picture something doesn't seem right. If you look at Daily chart you can see the area 1.3810-30 is quite powerful resistance it bounced back…Continue
"GBP – how much further?
Since Bank of England Governor Carney outlined the new forward guidance in the February Inflation Report, a…Continue
Added by Daologic on February 28, 2014 at 10:30am — No Comments
EUR recovered almost all losses yesterday after Mrs.Yellen's statement that FED needs to see the economic impact of the bad weather before continuing with further tapering. This caused an immediate dollar drop against amlost all currencies. However the price made some pullback this morning to 1.3700 and currently is trading around it. Today's Germany's retail sales and EU's HICP will determine further EUR movement. Technically the pair is supported by 1.3670-85 support area and it is…Continue
USD may weaken broadly in a renewed environment of yield chase evident in falling global bond yields, strong US equities and sharply falling Greek bond yields. The market still faces significant flashpoints for risk aversion (Ukraine, Turkey and Thailand, Chinese property market and deflation risk in Europe), but it is tending to shrug these off.
Added by Daologic on February 28, 2014 at 5:20am — No Comments
"A quiet morning yesterday, followed by a busier afternoon where the USD made some gains against EUR, GBP, AUD and CAD amongst others. The result was vols bouncing off the lows seen in the morning. Today the theme seems to be the same so far after some weaker than expected numbers out of Europe. With vols in a lot of these pairs so low already this move in the USD has been welcomed by the market and has…Continue
Added by Daologic on February 27, 2014 at 10:14am — No Comments
EUR failed several times to progress above 1.3775 and yesterday finally dropped below 1.3720 support which was so important for the bulls. Then the pair bottomed at 1.3661 and this morning returned some of the yesterday's losses, currently trading near 1.3690. The downside move wasn't big enough to destroy the Weekly bullish outlook, and 100 pips daily volatility is something quite normal. So i look at this like a correction move, and the upside may be fully restored above 1.3730, setting…Continue
|UK Q4 GDP - Better-balanced data but still some way to go…|
Added by Daologic on February 26, 2014 at 11:05am — No Comments
Each day last week saw net losses produced in GBPUSD but that setback from 4 year highs has proved temporary.
So at 3cAnalysis we’re looking for higher levels in the coming days with expected intraday dips being bought with potential…Continue
EUR is still almost unchanged after yesterday's quick 'tennis' day and currently the ball is still in the neutral position. However the price doesn't feel comfortable ahead of the resistance 1.3775 and it was bounced several times from it. H4 close below 1.3720 will confirm the downside reversal has started with first support to break 1.3670, then 1.3650 and finally 1.3600. To the upside the things seems difficult as 1.3775 stops every attempt of the bulls. First place to sell is close to…Continue
"Major Overnight Headlines…
Added by Daologic on February 25, 2014 at 12:05pm — No Comments
EUR has moved in a 60 pips range and we now have the first sign of a possible reversing of the bullish trend. It is the yesterday's long legged doji candle on Daily - we have a very small body and long shadows. This shows the market is confused and is looking for a direction, that means the bulls are wondering what to do. A Daily close below 1.3690 will confirm the start of reversal. Once below 1.3600 the target will be set at 1.3430 and below. EUR still has the potential for a last jump…Continue