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
A week ahead(03/28-04/01)
Weekly technical outlook, by Liviu Flesar EURUSDThe Euro decline will probably continue, testing the support zones in the 1.27 area, even descending towards the dips of 1.24/1.25. Most of the historical support levels were breached during the current aprox. 600 points fall. Important support is eyed in the 1.284 area backed by 1.274. 1.284 is 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
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
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(02/07-02/11)
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
Monday 10.11.2004 (+weekly outlook)
Added on 10.10.2004 at 19.05 GMTUSDJPY USD is heading higher and might possibly hit 109.90 after which a fall towards 109.70 is expected. Trading strategies: Long at 109.35, t/p @109.80, s/l @109.05Short at 109.90, t/p @109.60, s/l 110.30 EURUSD A reverse is expected during the next 24 hours. Trading strategies: Short entry @1.2420/30, t/p @1.2350, Read More
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