EUR has recovered a bit after several days of continuous falling, however while the price is below 1.3700 this move is considered only as a pullback to gather more downside power. The price has returned back above SMA200 at 1.3630. As long as we are above it further recovery is possible to 1.3690 and if broken to 1.3740-50. Any progress above 1.3740 will be too difficult almost impossible ahead of the next ECB meeting, and it is good to use any upside to open SHORT positins at a better price. Good short entry positions are close to 1.3750. Only above 1.3820 bearish outlook will be reversed to bullish.

GOLD is still sleeping, no moves here, no hints to where are we going - stay away.

NZD is trying to recover after dropping to 0.8530, however it faced a strong resistance at 0.8585-90, progress above will target 0.8620, but i think it won't be today. Below 0.8550 the pair may test 0.8530 once again and why not further.

AUD uses 0.9240 support for a rally starting point to 0.9280-0.9310, the price is close to H4 negative Ichimoku which is going to press the price to the downside. For now H4 and Daily show recovery to 0.9290-0.9310.

JPY still in a consolidation, dollar pushes the price to the upside, but we have the 102.20 resistance for today, support is at 101.75. Today's move will be inside these. 

GBP has built support at 1.6830 , but continuously making lower tops, of course this is a part of consolidation. We are bullish as long as the price is above 1.6830. below 1.6760 bullish outlook will turn to bearish.

Yesterday Alexander asked about the pair USD/RUB - well i haven't monitored this pair at all, and i have no fundamental support here, but techincally the picture is like this : We have the support level at 34.15 breaking it lower will test 34.00 again but as long as the pair stays above 34.15 further progress is possible to 34.22 where we have a resistance level, followed by 34.30 and 34.40 which is the final resistance. H4 close below 34.10 will confirm the downside has started again. Daily support is 34.00, and daily resistance is 34.40. Weekly support is 33.70 and reistance is 34.60

For today:

LONG EUR above 1.3640 SL 1.3630 TP 1.3680-1.3700-1.3710-1.3740

SHORT EUR below 1.3630 SL 1.3640 TP 1.3600-1.3585-1.3570

Good luck!

Views: 538

Comment by Asim Rehman on May 27, 2014 at 7:58am

Hi, what is your opinion about latest move of gold

Comment by Alexander on May 27, 2014 at 8:02am

Thanks, Vladimir!


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