Euro moved above 1.26oo handle and as was told before touched weekly channel resistance around 1.2630/50, decline from this last resistance for me not start for another leg down as long as price is above 1.2300/50. I think we will see daily consolidation below 1.2650 and above 1.2400 for even 2-3 weeks ahead. 1.2440/50 is key level support of H4 channel so be cautious regarding to aggressive selling.
I prefer Buying pair below 1.2500 and selling it above…Continue
Euro well supported above 1.2450 after last run to 1.2580 resistance, after 2 day consolidation in 1.2470-1.2580 range now we can expect pushing rate higher for 1.2630/50 resistance test in coming sessions where 15 months decline resistance is located ( see chart ), also 1.2650/60 is up channel for rising from 1.2040. So my expectation is bullish move to 1.2650/60 resistance albeit in slow pace. In long term view we have to wait and see what will be reaction to this…Continue
Added by Reza Ajorloei on August 29, 2012 at 8:50am — No Comments
Euro well moved above 1.2500 as was expected in previous post, touching 1.2570 in early Europe morning. Expect consolidation phase above 1.2480/2500 before next leg up nearing 1.2600/2630 resistance, consolidation may continue even tomorrow. Entering long below 1.2500 for 30-40 pips profit taking is recommended with stops below 1.2450.…Continue
Added by Reza Ajorloei on August 23, 2012 at 10:07am — No Comments
As shown in H4 chart euro is trapped between 1.2280 ( H4 channel support ) and 1.2380 ( triple top resistance ), break and closing hourly candle outside of this range is needed for trend confirmation. Keep in mind fake break of 1.2280/90 support is possible but My view is returning above 1.2400 targeting 1.2600 in coming days. Enter long below 1.2380/2400 with stops below 1.2300 and first targets above 1.2500.
Euro consolidated above 1.2240 for last 3 days, unable to break below or overcome 1.2400 resistance. uptrend support channel line now is around 1.2250 that is keeping pair from more loses. Expect another bounce today above 1.2330/50 and later break of 1.2400 for 1.2480/2500 test. Long entry suggested at current levels (1.2275) with stops below 1.2200 and targets first above 1.2350 and more 1.2400.
Euro is consolidating gains now with intraday support @1.2360 and then @1.2335/40. There is 2 option we can see in coming sessions, first running above 1.2420 that will push pair to 1.2480/2500 resistance, second one is staying below 1.2400 that will cause break of 1.2330 and moving toward 1.2180 albeit in slow pace. currently first option probability is higher than second. So my recommendation is buying above 1.2420 and selling below 1.2330.
Added by Reza Ajorloei on August 8, 2012 at 9:39am — No Comments
Euro is trying to rebound from an interim low build in 1.2040, last week move above daily channel resistance @1.2340 and closing daily candle above it confirm midterm bullish move in market, now we might expect rebound to 1.2750/2800 area in coming weeks. In H4 chart with Friday strong move for today 1.2340-1.2440 range move is expected. Buying the pair suggested below 1.2370 for 30-40 pips profit taking. stops should be adjusted below…Continue
Added by Reza Ajorloei on August 6, 2012 at 10:05am — No Comments
Euro failed to hold above 1.2150 and gaped down below 1.2100, expect rebound to 1.2200/2220 region where sellers again will enter for another leg down below 1.20. Now markets attention is 2010 lows @ 1.1870 that I think we are sliding toward that in coming days. selling the pair above 1.2160/70 is recommended…Continue
Added by Reza Ajorloei on July 23, 2012 at 11:00am — No Comments
Euro was unable to break above 1.2320/30 and rejected from there now is close to 1.2200/20 support, look more bearish in H4 and daily charts, retest of 1.2150/60 is not ruled out for today and even break of this last for downside continuation. Downside move is favored now albeit with slow pace. breaking 1.2320/30 will open doors for more corrective moves maybe below 1.2400.
Euro find support @1.2180 and bounced back above 1.2300 in yesterday trade showing sign for more consolidation phase in coming days. For today expect 1.2315 break and 1.2340/70 touch in coming hours. Long trades recommended below 1.2300 with stops below 1.2220 and targets above 1.2340.
Euro drop to 1.2210 low could be initial leg for further decline in coming weeks below 1.20, at current situation with shorts losing momentum we might see light bullish moves below 1.2400 resistance. For today 1.2200-1.2300 range move is expected. Entering long around 1.2220/30 is suggested for 30-40 pips profit taking with stops below 1.2200.
Euro is consolidating gains following EU summit run, Expect another leg up for retest of 1.2740/50 in coming sessions as long as price remain above 1.2550. Buying pair is suggested now (1.2605) with targets above 1.2650, stops could be adjusted below 1.2560.
Euro is in consolidation mode as long as price remain above 1.2400 and below 1.2800, this situation could extend further because of uncertainty in Europe ongoing events. today we might see range move above 1.2480 and below 1.2580, Entering long around 1.2500 for 30-40 pip profit taking is recommended with tight stops below 1.2480.
Euro pushed higher in yesterday trading sessions and reached 1.2610 top currently quoting @1.2575. As…Continue
Euro is trying to overcome 1.2520/30 resistance but this resistance seem to be solid and we expect another failure to happen, Selling the pair above 1.2500 is recommended for 1.2460/40 retest and in case of break holding for below 1.2400 targets, stops could be adjusted above 1.2580.
Take care euro may continue 1.2440-1.2540 range move for today too.
Euro got headache where to go!? Yesterday decline below 1.2500 found support above Friday low @1.2450, From this view we should see another recovery attempt above 1.2500, possible targets are 1.2550/70 and above there. In other side clear break of 1.2420 bring 1.2300/2280 retest in market focus. My recommendation for today is long trade below 1.2500 with 30-40 profits taking and stops below 1.2450.
Added by Reza Ajorloei on June 12, 2012 at 10:09am — No Comments
Euro bounce from 1.2440 (yesterday's low) now is extended around 1.2620, 1.2620/30 is strong resistance for short continuation. Closing daily candle above 1.2630 shows that most likely deeper correction at least to 1.2800 level is under way. For me this move is unlikely at this point and, My recommendation is selling euro at current levels with stops above 1.2670 and targets below 1.2500 albeit it could be tested tomorrow.
Last week Euro was unable to hold 1.2480 support and decline continued below 1.2300. In daily…Continue
Hello and good morning friends
Lets take a look on EURUSD from weekly to H4 on presented charts.
Weekly: we have well defined downtrend channel from 1.4940 to 1.2620, dynamic channel resistance currently located around 1.3000. Also decline from 1.3486 to 1.2495 is…Continue
Euro well dropped yesterday from 1.2610 resistance but keeps 1.2500 strong support as yet. My view is keeping this support for coming days too and I assume corrective bullish move ahead of next week below 1.2800 and above 1.2500. For today expect side way moves in 1.2520-1.2620/40 range. My recommendation is selling pair above 1.2600 for 30-50 pips profit taking.