EURUSDThe interim support at 1.1960 was tested during the Asian session and the negative momentum of the hourly charts may suggest a new test soon. A successful break through 1.1960 will cause focus on the 1.1900 level which is the key support of the current period. On the other hand, resistance is now formed by the Read More
Monday 12.19.2005
EURUSDInterim resistance was found at 1.2040 followed by 1.2060 and it may be tested a bit later if the 1.2000 support level holds. On the other hand, if the Dollar will manage to push lower through 1.2000, it will face support at 1.1965 and 1.1935. The hourly charts are bearish while the dailies are bullish Read More
One week ahead (12/19-12/23)
Weekly technical outlook, by Liviu Flesar EURUSDThe positive momentum established on the daily charts remained intact since the 1.19 break and strenghtened while the Euro managed to stay above 1.19, testing the mid-area of 1.20. Strong support was found at 1.19 followed by the key level of 1.2 . The top reached at 1.2060 during Read More
Thursdsay 12.15.2005
EURUSDThe retracement at 1.1965, the 61.8 fib of the 1.1905-1.2058 move may suggest a new test at 1.2050 later. Support starts at 1.1970 followed by 1.1900. Resistance starts at 1.2015 followed by 1.2060. Momentum is still negative on the hourly charts but slightly gaining some ground during the last few hours. Current exchange rate is Read More
Tuesday 12.13.2005
EURUSDThe Euro doesn’t seem exhausted yet after the 2 figures move of yesterday, more than that, it looks like 1.1975 will be tested again. A break of 1.1975 will extend the gain towards the key resistance at 1.2000. Support was found at 1.1940. The downward trendline started at 1.3480 during March 2005, on the weekly Read More
Friday 12.09.2005
EURUSDThe current downward move may end in the 1.1770 area where the 50 fib retracement of the yesterday upward move is standing, reversing and bringing the 1.18 area yet again on focus. The hourly charts are bearish while the dailies are bullish. The 4hrs studies are still bullish but losing momentum. Support is seen at Read More
Wednesday 12.07.2005
EURUSDThe range of 1.1750-1.1800 is still valid, though we may expect a break of 1.1750 as it is being tested at the time of this writing. A break below 1.1750 may extend the dollar gains towards 1.1700 where it will face the next barrier. The hourly charts are bearish while the dailies are a bit Read More
Tuesday 12.06.2005
EURUSDThe Euro keeps ranging after rebounding on yesterday, but offering clues about a potential new test at 1.1820 soon. Support was found at 1.1780 backed by 1.1755. Resistance starts at 1.1820. Extended gains will face resistance at 1.1860 and 1.1900 as well. On the other hand, a break below 1.1750 followed by a daily close Read More
Thursday 12.1.2005
EURUSDThe resistance at 1.18 held so far, and the pair keeps staying into the narrow range of 1.1750-1.1800 since yesterday. While the hourly momentum remains bearish we can expect to see a new test at 1.1750. Support is seen at 1.1760 followed by 1.1735. Resistance starts at 1.18 and it is followed by 1.1860 and Read More
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