Added on 02.17.2005 at 06.41GMT EURUSDSupport starts at 1.3025 followed by 1.2998 and 1.2976. Resistance is seen at 1.3066 followed by 1.3085 and 1.3131. Current exchange rate 1.3043.Trading strategies: Long at 1.3015/25, t/p @1.3060, s/l @1.3USDJPYSupport was found at 104.80 during the yesterday rally and resistance is seen at 105.7 followed by 106.12. Current exchange rate Read More
Wednesday 02.16.2005
Added on 02.16.2005 at 06.25GMT EURUSDImportant support is seen at 1.298 and it will probably be tested a bit later. Resistance is seen at 1.308. Keep an eye on the today events. Current exchange rate is 1.3020.Trading strategies:Short at 1.3030/40, t/p @1.2970, s/l @1.3070USDJPYThe pair found support at 104.95 and it seems to target the first Read More
Tuesday 02.15.2005
Added on 02.15.2005 at 06.20GMT EURUSDImportant support was found at 1.2955. Resistance is seen in the 1.2980 area followed by 1.3035. A breach on the first support level may bring the pair down in the 1.28 area. Current exchange rate is 1.2963Trading strategies:Long at 1.2955/60, t/p @1.2985, s/l @1.2940USDJPYThe pair currently stands on the first support Read More
Monday 02.14.2005
Added on 14.02.2005 at 06.24GMT EURUSDThe pair is currently in the major resistance area. Additional gains will target the 1.3 level but on the other side, the resistance willprobably hold and we will see a reverse of the Asian session rally. Current exchange rate is 1.2938Trading strategies:Short at 1.2947, t/p @1.289, s/l @1.2970USDJPYImportant support is seen 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
Wednesday 02.09.2005
Added on 02.09.2005 at 06.37GMT EURUSDResistance is seen at 1.2796 followed by 1.2830. Important support is eyed at 1.27. A rally toward 1.285 is possible. Current exchange rate is 1.2780Trading strategies:Long at 1.276, t/p @1.279, s/l @1.2745USDJPYSupport was found at 105.25 at it will probably be tested soon. Current exchange rate is 105.47.Trading strategies:Short at 105.60, Read More
Tuesday 02.08.2005
Added on 02.08.2005 at 06.19GMT EURUSD Support is seen in the 1.2685 area but we don’t expect any test here before rising a bit toward 1.28Resistance is seen at 1.2830. Current exchange rate is 1.2763 Trading strategies: Long at 1.2750/60, t/p @1.281, s/l @1.2726 USDJPY The pair will probably take a breath before going up Read More
Monday 02.07.2005
Added on 02.07.2005 at 06.20GMT EURUSDWe expect a rise toward the 1.29 area today. Support is seen in the 1.2760 area. Resistance starts at 1.2910 followed by 1.2955 and 1.3092.Current exchange rate is 1.2837Trading strategies:Long at 1.2815, t/p @1.2850, s/l @1.2785USDJPYSupport is seen at 104.15 followed by 103.65 and 102.95. Resistance starts at 104.80 and is 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
Friday 02.04.2005
Added on 02.04.2005 at 06.24GMT EURUSDThe Euro slipped on the major support level of 1.2945 on yesterday, something we exected since Sunday when we publishedour weekly outlook. Today we keep our eyes on the major events. Support starts and 1.2945 followed by 1.2925 and 1.2881. Resistance is seen at 1.3026. Additional gains will target the 1.3075/85 Read More
Thursday 02.03.2005
Added on 02.03.2005 at 06:28GMT EURUSDStrong support is seen in the 1.305/10 area followed by 1.2983. Resistance starts at 1.3040 and is followed by 1.3070, 1.3095 and 1.3125. Keep an eye on the today events. Current exchange rate is 1.3022 Trading strategies:Short at 1.3040/50, t/p @1.3, s/l @1.3070. USDJPYThe pair has breached the resistance key Read More
Wednesday 02.02.2005
Added on 02.02.2005 at 06.31GMT EURUSDThe Euro was strong enough during the Asian session to break the resistance key at 1.3075, but everyone is waiting for the major events of this week so we have to be careful. The second major resistance key is eyed at 1.3127. The pair currently stands on the support level at Read More
Tuesday 02.01.2005
Added on 02.01.2005 at 06:24GMT EURUSDResistance was found at 1.3080 on Friday and it will probably be tested today. Additional gains will target the second resistance level at 1.3130. Important support is eyed at 1.2975 followed by 1.2945. We look forward for a drop below 1.3 area. Current exchange rate is 1.3053Trading strategies: Short at Read More
Monday 01.31.2005
Added on 01.31.2005 at 06.10 GMT EURUSDWe believe that the market sentiment remains bearish for the week ahead. Important resistance level was triggeredon the last Friday rally (1.3127 thru 1.3080) and also the double top of 1.3075. Therefore, the 1.307 area seemsto be a strong resistance zone that we will probably trust along with our short 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
Friday 01.28.2005
Added on 01.28.2005 at 07.08GMT EURUSDImportant support was found in the 1.302 area. First important resistance level is seen at 1.3103. Current exchange rate is 1.3049Trading strategies: Long at 1.303, t/p @1.3115, s/l @1.3USDJPYResistance is seen in the 103.30/35 area (the trend line of 103.7 thru 103.421 high). The dollar will probably drop towards 102.50 area Read More
Thursday 01.27.2005
Added on 01.27.2005 at 07.02GMT EURUSDImportant support was found at 1.3055. A breach below here will probably face the second support level at 1.3.On the other side, resistance starts at 1.3145 followed by 1.32 and 1.3290. We expect a new test at first support keyand probably a new rally towards 1.32 area. Current exchange rate is Read More
Wednesday 01.26.2005
Added on 01.26.2005 at 06.42GMT EURUSDWe expect a reverse during the next few hours. Reistance starts at 1.3042 followed by 1.3128 and 1.3177. Support is seen at 1.2907, 1.2860 and 1.2775. Current exchange rate is 1.2984Trading strategies:Short at 1.3020, t/p @1.2980, s/l @1.3050USDJPYSupport was found at 103.11. A new rally towards 104 area is possible. Current Read More
Tuesday 01.25.2005
Added on 01.25.2005 at 06.42GMT EURUSDSupport starts at 1.3022, followed by 1.2985 and 1.2945. First resistance was found at 1.31 and it will probably be tested again a bit later, if the support levelat 1.3022 will be strong enough to hold. Also, the accumulated positive momentum following Friday’s rise is helping the EUR regain ground, thus Read More
Monday 01.24.2005
Added on 01.24.2005 at 06.48GMTEURUSD A break at 1.3110 will probably push the market higher towards the 1.3245-third key resistance level. By the other side, important support was found at 1.3040, the 61.8 retracement of the 1.3120-1.2920 move. A break at 1.3040 will probably push the price lower below the daily pivot point which is Read More
Friday 01.21.2005
Added on 01.21.2005 at 06.40GMT EURUSDWe expect a drop below the first key support at 1.2920, but probably after a smallcorrection of the 1.3125-1.2919 move. Current exchange rate is 1.2949Trading strategies:Short at 1.2985, t/p @1.2890, s/l @1.3035USDJPYA rally towards the 104 area is possible. Current exchange rate is 103.51. Trading strategies:Long at 103.20, t/p @103.80, s/l Read More
Thursday 01.20.2005
Added on 01.20.2005 at 06.59GMT EURUSDThe dollar was slightly stronger against the other majors on yesterday. A trend correction for the 1.3119-1.2965 moveis a possible scenario for the next few hours. Current exchange rate is 1.3007.Trading strategies: Long at 1.2990, t/p @1.3045, s/l @1.2960USDJPYSupport is seen at 102.30 followed by 101.65 and 101.30. Key resistance was 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
Tuesday 01.18.2005
Added on 01.18.2005 at 07.00GMT EURUSDSupport was found at 1.3010 and 1.2965. We expect a reverse around the first support key.Current exchange rate is 1.3043Trading strategies:Long at 1.3025, t/p @1.3065, s/l @1.2985USDJPYThe current trading range is 101.55-102.75. We expect a fall below the 102 level today. Current exchange rate is 102.50Trading strategies:Short at 102.65, t/p @101.95, Read More
Monday 01.17.2005
Added on 01.17.2005 at 06.51 GMTEURUSDSupport was found in the 1.3090 area. A break here will probably push the markettowards 1.3050. By the other side, resistance is seen at 1.3145 followed by1.3190 and 1.3290. We expect a reverse around the 38.2(1.3120) or 50.0(1.3145) retracements of the 1.3230->1.3056 move. Current exchange rate is 1.3114Trading strategies:Short at Read More
Friday 01.14.2005
Added on 01.14.2005 at 06.17 GMT EURUSDA correction is possible now after the last 1.322-1.3095 EUR fall. Current exchange rate is 1.3108Trading strategies:Long at 1.3090, t/p @1.3155, s/l @1.3060USDJPYSupport was found at 102.45. Resistance is seen at 103.15. A reverse around the 76.4 retracement of the 103.55-103.10 movement is a possible scenario. Current exchange rate is Read More
Thursday 01.13.2005
Added on 01.13.2005 at 07.30GMT EURUSDA test of the first res key at 1.3295 is possible. Support was found at 1.3245, the 23.6 retracement of the 1.3075-1.3295 move. Current exchange rate is 1.3257.Trading strategies:Long at 1.3240, t/p @1.3285, s/l @1.3225USDJPYSupport is seen at 102.05 followed by 101.70 and 101.20. Resistance is seen at 103.13 followed by Read More
Wednesday 01.12.2005
Added on 01.12.2005 at 07.29GMTEURUSDSupport is seen at 1.31, followed by 1.3080 and 1.3055. First resistance is seen at 1.3155. Additional gains will target the 1.32 area. Current price is 1.3127.Trading strategies:Short at 1.3155, t/p @1.3120, s/l @1.3180USDJPYA new test of the first support key at 103.05 is possible. Current price is 103.29Trading strategies:Long at Read More
Tuesday 01.11.2005
Added on 01.11.2005 at 07.42 GMTEURUSDInitial support was found at 1.3155, the 38.2 retracement of the 1.3255-1.3024 move. A break of the first res key at 1.3140 which is also the 50 retracement of the 1.3255-1.3024 move,may bring further gains of the EUR, probably towards the 1.3170 area, where we believea reverse will occur. Current Read More
Monday 01.10.2005
Added on 01.10.2005 at 07.10 GMTUSDJPYSupport was found at 104.50 with subsequent foundation at 103.85 and res key is seen in the 105.00 area. A reverse around 105.00 area is possible. Current price is 104.68Trading strategies:Short at 104.90, t/p @104.55, s/l @105.20EURUSDA trend consolidation is expected today, after the last USD rise on Friday. Current Read More
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