The EURO continued its unclear direction yesterday trapped between 1.3060 and 1.3180 , bottomed at 1.3068 , topped at 1.3184, closed at 1.3142..

Today I assume a bearish move testing the key support 1.3120 / 13080 , a clear break below this level should test the key support 1.3030/1.3000.

Immediate resistance is seen around 1.3185, stability below 1.3250 is indeed to keep the bearish move suggested for today valid, a clear break above this level would mix up things and test…

As show on the weekly chart posted below , the bearish breakout was confirmed at 1.3551 low of the week 04 Sept 2011 , then pulled back towards 50% retracement of (1.4940 / 1.3551 ) before continuing falling towards 161.8% retracement of the same run around 1.2690 levels at the beginning of this year..

During the last 10 weeks, the pair recovered and tested the area around the broken level 1.3551 , and formed double top pattern at 1.3485..

Well, what I care about this level, is…

The bullish correction happened last week, was limited and weak, found strong resistance at 1.3212.

This early morning ; the pair breaks below the double bottom ( strong support ) at 1.3033, with this scenario I assume a bearish move testing the key support 1.3000/1.2970 , a clear break below this level would lead for more losses testing the key support 1.2940/1.2910 , losing 1.2910 would test the key support 1.2860  where strong bounce is expected to happen around this…

The EURUSD tested the broken support - low of 03 Apr 2012 - at 1.3212 and declined strongly last Friday,by taking a quick look to 4 hour chart, bearish breakout has been confirmed at 1.3068 , suggests further losses but we need a clear break below the double bottom at 1.3033 to resume the down trend , a clear break below this level would test the key support level 1.2860..

Remember the pair is facing some challenges around 1.3080 area, we have the rising support of triangle , the…

The EURUSD maintained another bullish move yesterday , topped at 1.3212, bottomed at 1.3101 and closed at 1.3187...

Today I assume another bullish move testing the key resistance 1.3180/1.3210 zone, a clear break above this area would test 1.3250/1.3280 zone.

Immediate support is seen around the key…

EURUSD ; Risk to 1.3350 Has Increased With Triangle & Double Bottom Pattern !           

If we take a quick look to the daily chart , a possible triangle is suggested , ranging around  the key support 1.3100 and the key resistance 1.3300..

Well, the daily RSI also supports this point, It found strong support around 1.3033, If we shift down to the 4 hour , the…

The EURUSD maintained  another sideways move yesterday , It was unable to break above 1.3140/60 resistance area, and the support area 1.3050/30.

The pair topped yesterday at 1.3143, bottomed at 1.3053 and closed at 1.3071...

Well, today I assume a bearish move testing the key support 1.3055/30 zone to…

The bearish momentum for EURUSD was rejected yesterday at 1.3033 near the monthly support 1.3020, strong support was found around this level ,the pair was topped at 1.3133, bottomed at 1.3033 and closed at 1.3108..

Today I assume a bullish move testing the key resistance 1.3140/160 zone, a clear break above…

The EURUSD continued its bearish momentum last week, topped at 1.3480, bottomed at 1.3033 and closed at 1.3085..

According to daily,the bearish breakout happened last week at 1.3212, so as long as we have a daily close below this level the pair is testing 1.3000 levels, a daily close above 1.3212 would take to…

The EURUSD continued its bearish momentum yesterday, bottomed at 1.3035, topped at 1.3164 and closed at 1.3065...

Today I assume another bearish move testing the key support 1.3030/1.3000, a clear break below this area  which I think is not easy , could lead for more losses testing 1.2970/1.2940…

The EURUSD continued its bearish momentum yesterday,topped at 1.3233 and closed at 1.3143; After closing below 1.3212 on daily chart , I assume another bearish move today testing the key support 1.3120/1.3080 zone, a clear break below this area would lead for more losses testing the key support…

The Institute for Supply Management (ISM) conducts a monthy survey of purchasing and supply executives at a sampling of service-providing firms across the United States. The results of their March survey are due for release on hump day at 10:00 am New York time (14:00 GMT).

The mood of the currency market could very well be dictated today by results from the latest ADP employment report and/or comments by ECB president Mario Draghi…

Market Price @ 1.3210

The EURUSD declined sharply yesterday , topped at 1.3366, closed at 1.3222; by checking the daily chart a huge bearish move is suggested in medium term  as  long as the level 1.3366 holds , a daily close below 1.3212 is indeed to resume the downtrend testing the key…

The Federal Open Market Committee (FOMC) is expected to release the minutes from its 13 March meeting on Tuesday 3 April at 2:00 pm New York time (18:00 GMT). Traders and investors look to the meeting minutes for clues to the US central bank's next policy move.

Over the past month, the market has seemed increasingly uncertain about the direction and timing of the Fed's next move. During his Humphrey-Hawkins testimony to the US House Financial Services Committee on 29 February, Federal…

Market Price @ 1.3340

The EURUSD was unable to break above 1.3375/400 area yesterday, topped at 1.3380 and closed at 1.3329, the bearish correction happened yesterday below 1.3300 was limited and found support at 1.3277, today I assume a bullish move testing the key resistance 1.3360/1.3390…

The EURUSD continued its bullish momentum last Friday, topped at 1.3376 and closed at 1.3339.according to 60 min the pair didn't achieve the assumed target , so I assume another bullish move today testing the key resistance 1.3375/1.3400 zone, a clear break above this area could lead for more gains testing the key…

The EURUSD trades now near to an important resistance level around 1.3365 ,what do we have here:

1- The long-term bear channel resistance around 1.3350/70 area.

2- 38.2% Fibonacci retracement of  August 2011 highs to January 2012 lows at 1.3360.

3- The neckline of double top pattern on 4…

EURUSD Weekly Outlook 26-30 Mar 2012

Hello everyone...

I’d like to start this week with the monthly chart as we are close to the end of this month.

In the long term picture, EUR/USD is into a long term consolidation pattern after…

EURUSD; Bearish Breakout Suggests A Trend Continuation With Further Weakness

The EURUSD declined yesterday affected by the negativity of the bearish divergence of RSI and Williams on the 4 hour chart, the break that happened yesterday suggested a trend…