Added on 04/26 at 05:10 GMTEURUSD The major support at 1.296 was strong enough on yesterday, holding under the presure of a test but 1.302 looks like an important resistance now. Maybe 1.296 will be tested again today. More resistance levels are seen above 1.302 at 1.3045, 1.307 and 1.3105. Current exchange rate is 1.3007 Read More
Monday 04.25.2005
Added on 04/25 at 06:00 GMTEURUSD The slip below 1.306 during the Asian session is probably part of the retracement to the 1.29 area and it is not the right time yet for a new test at 1.31. Resistance is seen at 1.3045 now, follwed by 1.306 and 1.309. Support starts at 1.3, backed by Read More
A week ahead (04/25-04/29)
Weekly technical outlook, by Liviu FlesarEURUSD Even if both currencies were quite weak during the previous days, losing ground versus the other currencies, the Euro managed to rise above the key level at 1.306. The week also closed above 1.306, therefore it is now possible to see more aggressive tests on the 1.31 area and Read More
Thursday 04.21.2005
Added on 04/21 at 05:23GMTEURUSD First major resistance is seen at 1.318 but the pair will face some interim resistance levels until then. Support was found at 1.306/7 followed by 1.303 and 1.298 lower. The current retracement will probably set the daily lows, around 1.305. Current exchange rate is 1.3087 Trading strategies: Short at market, Read More
A week ahead (04/18-04/22)
Weekly technical outlook, by Liviu Flesar EURUSDThe dollar fell back on Friday against the major currencies despite a stronger-than-expected report from the Treasury Department on US capital flows. After testing the major barier at 1.277, the greenback is now back in the 1.29 area, asking again for the patience of those waiting to see Read More
UPDATE: A week ahead (04/11-04/15)
Weekly technical outlook, by Liviu Flesar EURUSD The pair consolidated for a while during the Asian session, trying to break 1.3 in the London trading and falling for 150 points in the US trading session after the US trade deficit which widened to record $61 bln in February (consensus -$59 bln. / previous -$58.3 bln).The Read More
A week ahead (04/11-04/15)
Weekly technical outlook, by Liviu FlesarEURUSD The Euro tested bids towards 1.27 area forming a double bottom at 1.28 and bouncing back to 1.293 on Friday where the Euro bulls were not able to break 1.2935 but it looks like an “almost done” action that is taking a breath during this weekend. A complete 1.293 Read More
Friday 04.08.2005
Added on Friday 04.08 at 05.12GMTEURUSD The major support level at 1.284 was breached on yesterday and the dollar is now 20 points away from that barier. Support starts at 1.28 followed by 1.277. It is possible to see a retracement before testing the support at 1.28. Current exchange rate is 1.2822 Trading strategies: Short Read More
A week ahead (04/04-04/08)
Weekly technical outlook, by Liviu FlesarEURUSDThe pair has been moving in a narrow range during the last week, testing the major resistance at 1.306 on Friday after the NFP news release, triggering some selling orders in the 1.305 zone and now it is probably going to test the major support level in the 1.285 area. Considering the Read More
Tuesday 03.29.2005
Added on Tuesday 03.29.2005 at 06:35 GMT EURUSDEuro faces resistance at 1.2954 followed by 1.303. Major support is seen in the 1.2845/50 area, interim support was found at 1.2905 and it lookslike we have a bullish momentum development started on the 4 hours charts. It is possible to see a test of the resistance level at Read More
A week ahead (03/21-03/25)
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
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
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
A week ahead (03/07-03/11)
EURUSD We had a triple top formed in the 1.327-1.328 resistance zone during the last week and also a double bottom on the 1.309 support area. The last two 1.328 resistance tests also made a Momentum divergence. The support breakout at 1.318 was quite tricky because I expected the next support at 1.3085 to be Read More
Thursday 03.03.2005
EURUSD Important support was found at 1.308 and 1.31. Resistance is seen at 1.315 followed by 1.318. Current exchange rate is 1.3129 Trading strategies: Short at 1.316, t/p @1.31, s/l @1.3185 GBPUSD Major resistance is seen in the 1.9165/75 area. A breach here will target 1.9227. Support starts at 1.91 followed by 1.9075. Current exchange Read More
A week ahead(02/28-03/04)
EURUSDLooks like the retracement of the 1.301-1.328 is over and the pair is now ready to test the major resistance level at 1.3295 again. Additional gains will target the second resistance at 1.334 and 1.3385 later. We also have a bullish momentum developed after the last retracement at 50 fib level at 1.3145. Support Read More
A week ahead(02/21-02/25)
EURUSDThe dollar was unexpectedly weak during the last week, even if many traders thought that there will be seen fresh lows in the 1.26area. Strong support was found in the 1.2730/40 region, also the 38.2 retracement of the 1.212-1.366 move. Therefore, the entire move toward the 1.273 area could be only a retracement and now Read More
A week ahead(02/14-02/18)
EURUSD The dollar was not strong enough to break the 1.27 level and major support was triggered at 1.274. Strong resistance is seen at 1.293 followed by 1.3095. We are curious about the potential tests ofthe first resistance area because the market will probably reverse here and fall back toward the dipsof the 1.27 area. Read More
A week ahead(02/07-02/11)
Weekly Technical outlook EURUSD As I’ve mentioned on the last weekly report, we expected a loss of momentum in the 1.31 area and a drop toward the dips of 1.28 right after. It happened. We have to pay attention to the major support at 1.2845 because a breach here will probably push the pair downward where it Read More
A week ahead (01/31/2005 – 02/04/2005)
Technical Outlook for the week of 31 Jan-04 FebEURUSD Important resistance level was found in the 1.3120/30 area, where we have a double top formed in the last two weeks. As we can see on the chart, this resistance level is also the 38.2% retracement of the 1.2225-1.3665 rally. Any breach here, on the first Read More
Wednesday 01.19.2005
Added on 01.19.2005 at 06.58GMT EURUSDThe pair is currently trading under its EMA(60). Support is seen at 1.2975 followedby 1.2940 and 1.2890. We expect a correction move targeting the 1.3060 area before the today economic events. The Stoch is crossing up right now on the hourly charts andTRIX is about to break the 0 line. Resistance Read More
Friday 11.19.2004
Added on Friday 11/19/2004 at 06.40 GMTUSDJPYSupport was found at 103.85 followed by 103.60 and 103.10.Resistance is seen at 104.45 followed by 104.70 and 104.95.A new test of the 103.60 resistance level is possible a bit later. Current price is 104.08Trading strategies:Short at 104.35, t/p @103.80, s/l @104.65EURUSDA new rally towards 1.31 is a possible Read More
Thursday 11.11.2004
Added on 11/11/2004 at 07.03GMTEURUSDA trend consolidation is expected and probably a test of the first resistance key at 1.2967. Current value is 1.2885. Trading strategies:Long at 1.2870, t/p @1.2920, s/l @1.2850USDJPYA move towards first support key at 106.18 is possible. Current value is 106.89.Trading strategies:Short at 107.05, t/p @106.50, s/l @107.40Bonus signals:GBPUSDCurrent value is Read More
Tuesday 10.19.2004 (+bonus signals)
Added on 10.19.2004 at 04.52 GMT USDJPY We expect a hit of the 109.65 res level during the next trading hours. A reverse will probably occur on the 109.70/80 area.Current value is 109.42 Trading strategies: Long at 109.35, t/p @109.65, s/l @109.10 EURUSD A new rise towards 1.250 area is expected but we don’t think Read More
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