Vladimir Mihaylov's Blog – July 2012 Archive (11)

EUR/USD forecast 30.07.2012

EUR has made a quick recovery from 1.2060 up to 1.2390 last week . Heavily supported by mr.Draghi statement the "ECB will do everything and that will be enough", also good inflation data released recently gives more space to the ECB and there is a 82.5% possibility for another interest rate cut this thursday according to analysts from Credit Suisse. Until that EUR will go up and will look for the highest price to sell. On Wednesday, also important pressconference from FED - will we have QE3…

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Added by Vladimir Mihaylov on July 30, 2012 at 5:16am — No Comments

EUR/USD forecast 27.07.2012

Long needed correction of the pair is a fact now with the help of Dragi of course. "ECB will do everything to support the EUR and that wil be really enough" - these words made EUR crazy with a jump almost 200 pips for nearly 2 hours. The day closed higher too. For today i'm expecting test of 1.2326-30 again and a touch of the resistance zone 1.2360-70 and then reverse to 1.22, because to the upside we have a strong resistance zone, and to the downside we have no support line near.

As…

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Added by Vladimir Mihaylov on July 27, 2012 at 3:31am — 1 Comment

EUR/USD forecst 25.07.2012

Yesterday a weak data for the Eurozone was released, combined with the negative forecast of raiting agencies for Germany pushed the EUR below 1.21 to 1.2040. I hope that you've made some good pips using my yesterday's forecast. Currently we have a small pullback to 1.2075 which may extend to 1.2105 and even to 1.2120 which i doubt. For today Eur will float in between 1.2100 and 1.2040 we are going to have some consolidation before 1.2000 test. EUR desperately needs an upside correction so…

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Added by Vladimir Mihaylov on July 25, 2012 at 5:19am — No Comments

EUR/USD update 24.07.2012

After failing to break 1.2330 resistance last week EUR suffered a massive drop down nearly 250 pips which hasn't finished yet. Target is set to 1.2000 and then 1.19000, this week i'm expecting to test 1.2000 and first attempt to be unsuccessful one. Speculations about the crisis in Spain and the Troika arrival in Greece today have put EUR on a high sell pressure. USD firmed at almost all currencies these days and nothing seems that can stop it, also rumors that bad Philadelphia results will…

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Added by Vladimir Mihaylov on July 24, 2012 at 4:54am — No Comments

EUR/USD forecast 20.07.2012

EUR is now inside a wide negative Ichimoku cloud on H4, there we can see also a small upside channel is forming which also offers support @ 1.2245. We are very close to be rejected from the Ichimoku again. All this week we are testing continuously that small upside channel support, for now it holds - but how long is the question. On H4 we can see EUR is in a flat consolidation. 1.2330 on the upside seems unbreakable, but if we have any stronger upside impulse it will be broken at once and…

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Added by Vladimir Mihaylov on July 20, 2012 at 5:13am — 9 Comments

EUR/USD updated forecast 19.07.2012

After the quiet Asian session EUR has started the European with some gains and hopes for bad US data again to make progress to the upside. If we take a look at H4 we can see EUR is inside a wide negative Ichimoku and trying to break it higher, but it's too early so falls back to 1.2220 are quite possible. Somewhere around 1.2390 there is a strong resistance, we may find there the upper border of the Ichimoku cloud also. EUR now trades @ 1.2310 but in the following hours to the beginning of…

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Added by Vladimir Mihaylov on July 19, 2012 at 7:38am — 3 Comments

EUR/USD forecast 18.07.2012

Yesterday's ZEW bad data and the statement of Greek politicians from the ruling party that Greece will not meet the requirements for budget cuts later in the afternoon pushed the EUR powerfully down some 50 pips below my forecast, but we…

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Added by Vladimir Mihaylov on July 18, 2012 at 4:53am — No Comments

EUR/USD forecast 17.07.2012

EUR finally has found a temporary support @ 1.2160-70 and despite the high volatility yestersay it ended higher outside the narrow downside channel which was formed near a month ago. I'm looking at that move as the necessary correction before increasing the sell pressure on EUR again. None of the problems in eurozone has found a decision, and i may say that for the temporary stop of the EUR fall must thank to the bad US data. Lets take a technical look over the charts now. Yesterday there…

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Added by Vladimir Mihaylov on July 17, 2012 at 4:30am — 2 Comments

EUR/USD forecast 16.07.2012

We had another negative weekly close on EUR after the sharp fall two weeks ago. Now we are in a consolidation mode and prepairing for the next leg down - probably we have to test 06.06.2010 week low @ 1.1875, but before that we shall encounter 1.2150 which may prove good support. Until we are above that and above 1.2000 watch for massive daily take profit which would make EUR jump at least 220 pips up for a day. This will mark the end of low wave and EUR will enter in some correction  wp to…

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Added by Vladimir Mihaylov on July 16, 2012 at 4:30am — 3 Comments

EUR/USD update 12.07.2012

Downside scenario prevailed and EUR fell across the board very dramatically. For the past 10 days it has lost almost 500 pips. I'm taking a look now at all the charts and i think it's time for a correction move higher. But the Daily and H4 chart model shows very possible another powerful downside move may occur soon. Investors do not close their short positions as for the last 10 days there was no any pullback for more than 100 pips. So this supports the theory of testing 1.2000. If you take…

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Added by Vladimir Mihaylov on July 12, 2012 at 4:48am — 2 Comments

EUR/USD forecast 04.07.2012-14.07.2012

On a Daily chart we can see that EUR is forming an inverted H&S model. Still bouncing back from the large negative Ichimoku downside, but acoording to my view this will be short term weakness, due mainly to some profit taking. In the next 10-14 days upside movement will resume, until that floating between 1.2550 and 1.2750 will present. Upside will be halted @ 1.3000, so if you are LONG take your profit there. If we take a look on Weekly through September and further, USD will be put on…

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Added by Vladimir Mihaylov on July 4, 2012 at 3:33am — 7 Comments

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