Weekly technical outlook, by Liviu Flesar EURUSDThe Euro wasn’t able to breach 1.347 during the last week but the support at 1.328 was strong enough to hold under the presure of two tests. 1.328 is also the 50 fib retracement of the 1.308-1.347 move. It is quite interesting that the entire time frame since 1.328 Read More
Friday 03.18.2005
Added on Friday 03.18.2005 at 07.36GMT EURUSDImportant support is seen at 1.334 and it was strong enough on yesterday. It is possible to see a reverse in the 1.33 area or 1.3, if the 1.334support level won’t hold the next test. Resistance is seen at 1.339 followed by 1.3425. Current exchange rate is 1.3352Trading strategies: Long Read More
Thursday 03.17.2005
EURUSDThe rally of yesterday triggered again important support levels at 1.334 and 1.339. The support zone of 1.339-1.34 is probably strong enough to hold for further tests. First resistance is eyed at 1.3435. The decisive resistance area is seen in the 1.348. Current exchange rate is 1.3412 Trading strategies: Long at market, stop at 1.336, Read More
Wednesday 03.16.2005
Added on 03.16.2005 at 07.00GMTEURUSDResistance is seen at 1.334 followed by 1.3392. The pair found support at 1.33 but it may test the first major barier at 1.327. The supportlevel at 1.327 may be the reversal area and we will see a new rally to 1.35 in the next days. Current exchange rate is 1.3317. Read More
Tuesday 03.15.2005
EURUSDThe major support level at 1.339 was breached on yesterday and now there will probably be a test of the second major support level whichis seen at 1.327. The pair may reverse at the 50 retracement of the last week rally which is seen at 1.329. Current exchange rate is 1.336Trading strategies:Long at 1.3293, stop Read More
Monday 03.14.2005
EURUSDSupport is seen at 1.34. The resistance level at 1.348 may be tested again today. Current exchange rate is 1.3434Trading strategies: Long at market or at 1.3415, stop at 1.339, first target at 1.347, second target at 1.35, third target at 1.355.
A week ahead(03/14-03/18)
EURUSDThe rally started at 1.308 and paused around 1.346 on Friday, arrived to a decisive point. For the week ahead we have a potential 1.36 test on one side, and a retracement or reverse back, on the other side. The pair found strong support in the 1.338/1.34 area, and these levels will probably be Read More
Friday 03.11.2005
EURUSD Major resistance is seen at 1.346. If this level will be breached, the week will probably end with the pair above 1.345. On the other side, major support is seen at 1.34 followed by 1.337. Current exchange rate is 1.3424 Trading strategies: Long at 1.3415, stop at 1.3375, first target at 1.3445, second target Read More
Tuesday 03.08.2005
Added on 03.08.2005 at 05.36GMT. Valid until updated. EURUSDThe support at 1.317 was tested on yesterday and now the pair may rise toward 1.327 where it will face the major resistance it already tested for several times a week ago. Current exchange rate is 1.3226Trading strategies:Hold the long position from yesterday with stop at breakeven Read More
Monday 03.07.2005
Added on 03.07.2005 at 07.34GMTEURUSDDaily resistance is seen at 1.326. Support is seen at 1.322 followed by 1.3185. The pair is in the consolidation process now afterthe Friday major rally, but a retracement is possible before any resistance tests. Current exchange rate is 1.3236Trading strategies:Long at 1.3185, t/p @1.326, s/l @1.316USDJPYResistance is seen at 105.13 Read More
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