EURUSDMinor resistance was formed at 1.18 since yesterday, also the 38.2 fib retracement of the 1.19-1.1736 move seen yesterday. The hourly sentiment is mixed while the daily is slightly bullish, due to the latest retracement at 1.19. While 1.18 holds we expect to see a break below 1.175, such move resulting on a later test below Read More
Monday 11.28.2005
EURUSDThe dollar pushed forward passing the 1.1715 barrier during the last Asian session, testing bids in the 1.1690 area. Next support is seen at 1.1680 then lower at 1.1640. Resistance starts at 1.1730 followed by 1.1780. The breach of 1.1680 and a daily close below 1.17 are needed to confirm the bearish sentiment on the Read More
One week ahead (11/28-12/02)
Weekly technical report, by Liviu Flesar EURUSDAfter establishing the 3 weeks low Vs. the Euro, the U.S. Dollar recovered and went back in the depths of 1.17 . As we pointed out on our previous weekly report, 1.1860 has been favored to act as a reversal point, being the half retracement of the 1.2080-1.1640 move. Read More
Tuesday 11.22.2005
EURUSDThe Eur decline of yesterday stopped at 1.1715 where the pair found a support which holds fine so far. Resistance is now seen in the 1.1770 area and higher, at 1.1830. An upward channel is also seen on the 4hr charts, having its support started on 17 of Novemeber at 1.1640 which is also supporting Read More
Monday 11.21.2005
EURUSD While 1.18 is the target of the next important test, attention should be focused on the upward moves, at and above 1.18. A breach of 1.18 may extend the EUR gains towards 1.1860 today or during the week ahead. On the other hand, if 1.18 holds, we will probably see the Eur falling back Read More
One week ahead (11/21-11/25)
EURUSD Two weeks have passed since the pair stands below 1.1800 and now it seems to be ready for testing the said resistance level again, resuming the test which occured on Friday. But even if 1.18 won’t hold, we won’t expect it to go too far North and we will focus on the 50 retracement Read More
Thursday 11.17.2005
EURUSDThe Euro is testing for the third time this week the support level at 1.1644 at the time of this writing. We expect the said level to be breached today and lows near 1.1600 to be established or even a test below, in the 1.15 area. The market sentiment is bearish on both hourly and Read More
Tuesday 11.15.2005
EURUSDThe U.S. Dollar extended through 1.1700 once again, establishing the daily low at 1.1658 on yesterday then lost volatility a bit below 1.1700. Resistance is now seen at 1.1715 followed by 1.1750 and 1.1795. Support starts at 1.1680 backed by 1.1660. A potential break of the 1.1660 support may extend the Dollar gains aiming towards Read More
Monday 11.14.2005
EURUSDThe Euro recovered slightly since Friday’s Asian session open, cutting its losses Vs the U.S. Dollar by one figgure, breaching both 1.1715 and 1.1750 resistance levels. Important support is now formed in the 1.1715-1.1725 area, also enforced by the upward trendline started at Friday’s low and seen on the hourly charts. We expect a retracement Read More
Thursday 11.10.2005
EURUSDThe sideways moves kept the 1.1700-1.1790 range active during the last 3 days, sentiment being mixed on hourly charts and lacking clues about the next important move, that outside the said range. The bearish momentum is intact yet quite strong on the daily studies though. Minor support was established at 1.1750 during the last Asian Read More
Tuesday 11.08.2005
EURUSDThe Dollar continued its path and managed to slip below 1.1800 after several tests held during yesterday. New support was establish at 1.1700 after the fall which occured during the Asian session. Resistance is now seen at 1.1770 and 1.1800. More tests at 1.1700 are possible while 1.1780 holds. A potential retracement to 1.1760 may Read More
Monday 11.07.2005
EURUSDThe U.S. Dollar extended its recent gains versus the Euro and managed to get past the supporting area of 1.1900-1.1915, establishing lows at 1.1800 where it is still testing bids. The Eur fall may extended lower, though we expect a small correction first. Minor resistance is formed by the downward trendline started at 1.2083 on Read More
Thursday 11.03.2005
EURUSDThe Eur recovered after the losses it suffered 2 days ago, re-entering the 1.20-1.21 area and establishing the daily high at 1.2085 on yesterday. The hourly studies are mixed and moderately bearish while the 4hrs are bullish. Support stands at 1.2040 backed by 1.2000 and 1.1970. Resistance starts at 1.2090 followed by 1.2115 and 1.2150. Read More
Tuesday 11.1.2005
EURUSDThe dollar resumed its gains Vs. the Euro by breaking the support level at 1.2040 on yesterday and dragging the European Currency once again in the fragile area below 1.2000. Important resistance is now formed by the 1.2000 level followed by 1.2040 and 1.2100 higher. Support starts at 1.1970 followed by 1.1930 and 1.1900. The Read More
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