EurUsd Yesterday's bearish mood saw EURUSD slip through 1.3540 (24 Jan low) support and briefly dip below the 100-day moving average (currently 1.3532). Nevertheless, rather than starting an avalanche of selling, the pair found good bids at 1.3510 (50% fibonacci retracement of 1.5145 to 1.1876) which has allowed it to rebound back to roughly the same levels we saw t

The US Dollar is starting to find favor in the eyes of the markets, with the currency closing out the previous week very well bid. The final surge in the Greenback was driven by a significant drop in the unemployment rate which helped to fuel optimism for the outlook of the US economy. Although the actual NFP number was disappointing, it seemed as though the unemployment number easily overshad

The single currency resumed recent rise from 1.2860 to as high as 1.3862 last week, the subsequent retreat from there and the daily close below the flat ground Ichimoku cloud top suggest top has been formed there and consolidation with mild downside bias is seen for at least a correction of the rise from 1.2860 to 1.3500 and possibly to 1.3479 (confluence point of 61.8% Fibonacci retracem

EUR/USD is in a downtrend, after peaking at 1.4283 (November 11, 2010). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3336 and 1.3067.
 
The pair marked a new high at 1.3861 and the bias continues to be positive for 1.40+ with an initial support at 1.3774. Crucial on the downside on the 4h. chart is 1.3570

Euro bounced up from support at 1.3570 yesterday -the 50% Fib retracement of the Nov-Jan drop- to pare previous days' losses, and return to the 61.8% Fib retracement of the aforementioned move, a key level for direction, according to Karen Jones, technical analyst at Commerzbank.

On the upside, above 1.3739 and 1.3759 Jones points out towards 1.3789 and 1.3978/1.4000: "Should it and

The depth of analysis and confluence required to form our PowerZones puts the probability of price stopping and reversing heavily on our side. For example if there was a PowerZone (EURUSD)  with a Volume Profile peak at 1.2680, an Elliot Wave ending at 1.2677, a Fibonacci cluster from 1.2675-1.2680 and also a prior day high at 1.2683. What do you think are the chances of price stopping an

Danske Bank: The bank reports that there was strong risk-aversion in the FX market on Friday due to rising conflict in Egypt. Although there is a lot on the economic calendar this week, including the ECB meeting, non-farm payrolls and ISM, they believe the markets will continue to closely watch the situation in Egypt. “Hence, the move lower in EUR/USD could very well continue the ne

EUR/USD is still in a good but slow narrowing wedge formation. All other things being equal, an outbreak to one side or the other must be in the offing. As we have stated continuously, we find it most probable that the next major movement of EUR/USD will be downwards. Nonetheless one should be cautious about one’s investment or hedging just before a major event such as the release o

Euro has only been putting in marginally higher highs on a daily basis of late, the currency still remains bid and could continue to extend gains well beyond 1.3800 on Friday. Thursday’s price action was somewhat misleading, especially in European trade, with the Euro dropping quite sharply (Japan downgrade news) in the middle of the day to break below Wednesday’s low, ending a seq

EURUSD made another indecisive movement yesterday. There are no changes in my daily technical outlook. I am still in bullish mode and just keep waiting for a minor bearish correction around 1.3625 - 1.3550 support area to go long with nearest target remains around 1.3800. On the downside, break below 1.3500 could be a threat to the bullish outlook. On the other hand, a clear break ab

EUR/USD

As we Saied yesterday , the market need yet to break below the 1.3540 to set the target toward the 1.3430 

then 1.3300 but as long as the market above the 1.3540 the uptrend will continue

And as we saw over the market the Euro hit the 1.3571 low yesterday before rebounding up , the uptrend 

still affective as long as the Euro abo

The

EURUSD

carved out a doji yesterday, which warns of a turn. When one considers short term momentum (divergent RSI) and overall structure (5 waves down from 14282 and 3 waves up from 12876), the risk of a EURUSD top and sharp decline is high. To this point, the advance has stopped just shy of an October low at 13698. The 61.8% retracement at 13744 and the 100% extension of

At this point, intraday bias in EUR/USD remains on the upside with 1.3502 minor support intact. As noted before, whole decline from 1.4281 has completed with three waves down to 1.2873 already. Current rise from 1.2873 should extend further for a test on 1.4281 next. On the downside, below 1.3502 minor support will turn intraday bias neutral and bring retreat. But downside should be conta

EURUSD: With the pair presently holding above the 1.3494 level, its Dec 14'2011, risk of further upside gains cannot be ruled out. In such a case, the 1.3785 level, its Nov 22'2010 will come in as the next target with a break possibly turning risk towards the 1.3970 level. Its daily RSI is supportive of this view as it is bullish and pointing higher. On the downside, below its 2011 low at

The Euro is on a moving strong up again this week and I think next week will be more of the same. Before I get into the post I recommend that you follow me on twitter to get all of the market updates. I have several reasons to support my suggestion and I recommend that you look at what I am telling you and make your own conclusions by doing your own suggestions