EURUSD Analysis 2013.05.24

by Michael on May 24, 2013

[Forex1 | Euro vs US Dollar] EURUSD maintains a bid tone for now. Break above (1.3008) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.2903), however, would confirm continuation of the bearish trend, towards next objective downwards (1.2821).Sell on rally for today with a stop loss above (1.3008).

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EURUSD Analysis 2013.05.22

May 22, 2013

[Forex1 | Euro vs US Dollar] Weakness in EURUSD is likely to continue. We see a less chances of an immediate rise on the instrument for short-term technical outlook. Next downside barriers follow (1.2889) at (1.2862) and (1.2805).Try to sell on rallies with a stop loss above (1.2943).

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EURUSD Analysis 2013.05.20

May 20, 2013

[Forex1 | Euro vs US Dollar] The outlook has grown increasingly bearish since EURUSD had remained below its latest swing high at (1.2899). If this resistance level is broken to the upside, the outlook will deteriorate.Our bias is on selling EURUSD with a stop loss above (1.2899) for today.

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EURUSD Analysis 2013.05.16

May 16, 2013

[Forex1 | Euro vs US Dollar] EURUSD maintains a bid tone for now. Break above (1.3038) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.2843), however, would confirm continuation of the bearish trend, towards next objective downwards (1.2688).Our bias is on selling EURUSD with a stop loss above (1.3038) for today.

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EURUSD Analysis 2013.05.15

May 15, 2013

[Forex1 | Euro vs US Dollar] We expect a bearish overall direction for today. as far as (1.3038) remains intact; targeting (1.2888) then (1.2842). A close above (1.3038) resistance area will extend gains to (1.3120).Try to sell on rallies with a stop loss above (1.3038).

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EURUSD Analysis 2013.05.10

May 10, 2013

[Forex1 | Euro vs US Dollar] We see high chances of the pair move in a range between (1.3177 – 1.3000). A proper move above (1.3177) confirms a probable rally towards (1.3194). However, if EURUSD manage to close below (1.3000) will support a call for bid tone.We need to keep a closer look on how prices would behave on today`s trading session.

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EURUSD Analysis 2013.05.09

May 9, 2013

[Forex1 | Euro vs US Dollar] We see better value in long positions. If the price will advance above the first resistance at (1.3194), this would confirm continuation of the bullish trend, towards next objective upwards (1.3242) then (1.3335) and (1.3458) will follow.Look for long positions for today`s trading session.

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EURUSD Analysis 2013.05.08

May 8, 2013

[Forex1 | Euro vs US Dollar] We see high chances of the pair move up gradually towards (1.3155 – 1.3218). A proper confirmation would occur if the EURUSD will manage to overcome the (1.3115) resistance over today`s trading session.Look for long positions for today`s trading session.

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EURUSD Analysis 2013.05.07

May 7, 2013

[Forex1 | Euro vs US Dollar] We expect a bullish overall direction for today. That requires the base to build on (1.3038); targeting (1.3120) then (1.3159). A break under (1.3043) support area will extend losses to (1.2890).Try to buy on depth with a stop loss below (1.3043).

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EURUSD Analysis 2013.05.06

May 6, 2013

[Forex1 | Euro vs US Dollar] The outlook has grown increasingly bullish since EURUSD had remained above its latest swing low at (1.3027). If this support level is broken to the downside, the outlook will deteriorate.You may try to buy from (1.3082), (1.3054), and (1.3029) with a stop loss below (1.3027).

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EURUSD Analysis 2013.05.02

May 2, 2013

[Forex | Euro vs US Dollar] Currently, further bullish actions could be seen on EURUSD. A break below (1.3044) could be a threat to the bullish scenario targeting (1.3034) even (1.2981). On upside. Immediate resistance is at (1.3227). A close above that area should keep the major bullish scenario intact testing (1.3309) area.Look for long positions for current trading session.

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EURUSD Analysis 2013.05.01

May 1, 2013

[Forex | Euro vs US Dollar] We believe that possible bullishness could be seen during this trading session. Support is at (1.2964). Break below that area could lead us to neutral zone as direction would become unclear, but as long as price moves above that level the major scenario remains bullish.We will be looking to buy EURUSD upon any price retracement.

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EURUSD Analysis 2013.04.30

April 30, 2013

[Forex | Euro vs US Dollar] Overall the direction remains unclear. EURUSD might close below (1.2964). If seen this will call for more declines to the (1.2996) level. Further down, support is located at (1.2961). Alternatively, above the (1.3126) level it will to be traded to resume its medium term uptrend towards its important resistance at (1.3301).We need to keep a closer look on how prices would behave on today`s trading session.

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EURUSD Analysis 2013.04.26

April 26, 2013

[Forex | Euro vs US Dollar] We prefer a downside scenario at this phase. Since bias is bearish in nearest term targeting (1.2862). Another move back above (1.3103) could lead us to neutral zone.We will be looking to sell EURUSD upon any price retracement.

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EURUSD Analysis 2013.04.25

April 25, 2013

[Forex | Euro vs US Dollar] We prefer a downside scenario at this phase. Since bias is bearish in nearest term targeting (1.2888). Another move back above (1.3044) could lead us to neutral zone.We will try to sell EURUSD from our mentioned resistance levels.

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EURUSD Analysis 2013.04.22

April 22, 2013

[Forex | Euro vs US Dollar] We hold a view of the instrument moving in the range of (1.3138 – 1.2991). We have to wait and watch the movement of the instrument from current levels.We prefer to wait for break of upper or lower barrier.

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EURUSD Analysis 2013.04.19

April 19, 2013

[Forex | Euro vs US Dollar] We see better value in long positions. If the price will advance above the first resistance at (1.3095), this would confirm continuation of the bullish trend, towards next objective upwards (1.3133) then (1.3170) and (1.3245) will follow.Long positions are favored for today.

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EURUSD Analysis 2013.04.18

April 18, 2013

[Forex | Euro vs US Dollar] We see better value in long positions. If the price will advance above the first resistance at (1.3077), this would confirm continuation of the bullish trend, towards next objective upwards (1.3103) then (1.3138) and (1.3275) will follow.Buy on depth for today with a stop loss below (1.2991).

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EURUSD Analysis 2013.04.17

April 17, 2013

[Forex | Euro vs US Dollar] We expect a bullish overall direction for today. That requires the base to build on (1.3138); targeting (1.3243) then (1.3309). A break under (1.3011) support area will extend losses to (1.2992).Our bias is on buying EURUSD with a stop loss under (1.3011) for today.

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EURUSD Analysis 2013.04.16

April 16, 2013

[Forex | Euro vs US Dollar] We see better value in long positions. If the price will advance above the first resistance at (1.3098), this would confirm continuation of the bullish trend, towards next objective upwards (1.3138) then (1.3184) and (1.3270) will follow.Try to buy on depth with a stop loss below (1.3011).

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EURUSD Analysis 2013.04.10

April 10, 2013

[Forex | Euro vs US Dollar] Strength in EURUSD is likely to continue. We see a less chances of an immediate fall on the instrument for short-term technical outlook. Next upside barriers follow (1.3122) at (1.3162) and (1.3220).Try to buy on depth with a stop loss below (1.2982).

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EURUSD Analysis 2013.04.05

April 5, 2013

[Forex | Euro vs US Dollar] EURUSD is at a crossroads, the instrument has a 50 – 50 chance of a recovery above (1.2958) or a fall towards (1.2773) in the coming session. We have to wait and watch the movement of the instrument from current levels.We need to keep a closer look on how prices would behave on today`s trading session.

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EURUSD Analysis 2013.04.04

April 4, 2013

[Forex | Euro vs US Dollar] We prefer a downside scenario at this phase. Since bias is bearish in nearest term targeting (1.2728). Another move back above (1.2887) could lead us to neutral zone.We will try to sell EURUSD from our mentioned resistance levels.

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EURUSD Analysis 2013.04.03

April 3, 2013

[Forex | Euro vs US Dollar] We see high chances of the pair move down gradually towards (1.2771 – 1.2729). A proper confirmation would occur if the EURUSD will manage to close below the (1.2797) support over today`s trading session.We will try to sell EURUSD from our mentioned resistance levels.

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EURUSD Analysis 2013.04.02

April 2, 2013

[Forex | Euro vs US Dollar] We prefer a downside scenario at this phase. Since bias is bearish in nearest term targeting (1.2732). Another move back above (1.2877) could lead us to neutral zone.We will try to sell EURUSD from our mentioned resistance levels.

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EURUSD Analysis 2013.04.01

April 1, 2013

[Forex | Euro vs US Dollar] The outlook has grown increasingly bearish since EURUSD had remained below its latest swing high at (1.2854). If this resistance level is broken to the upside, the outlook will deteriorate.Look for short positions for today`s trading session.

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EURUSD Analysis 2013.03.29

March 29, 2013

[Forex | Euro vs US Dollar] We prefer a downside scenario at this phase. Since bias is bearish in nearest term targeting (1.2675). Another move back above (1.2854) could lead us to neutral zone.Shorting EURUSD is advisable for today.

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EURUSD Analysis 2013.03.28

March 28, 2013

[Forex | Euro vs US Dollar] We expect a bearish overall direction for today. as far as (1.3058) remains intact; targeting (1.2728) then (1.2681). A close above (1.3058) resistance area will extend gains to (1.2995).We will try to sell EURUSD from our mentioned resistance levels.

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EURUSD Analysis 2013.03.27

March 27, 2013

[Forex | Euro vs US Dollar] Weakness in EURUSD is likely to continue. We see a less chances of an immediate rise on the instrument for short-term technical outlook. Next downside barriers follow (1.2829) at (1.2798) and (1.2768).Sell on rally for today with a stop loss above (1.3058).

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EURUSD Analysis 2013.03.25

March 25, 2013

[Forex | Euro vs US Dollar] Overall the direction remains unclear. EURUSD might close below (1.2869). If seen this will call for more declines to the (1.2903) level. Further down, support is located at (1.2862). Alternatively, above the (1.3057) level it will to be traded to resume its medium term uptrend towards its important resistance at (1.3203).A hold for a clearer technical outlook is advisable.

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EURUSD Analysis 2013.03.22

March 22, 2013

[Forex | Euro vs US Dollar] Weakness in EURUSD is likely to continue. We see a less chances of an immediate rise on the instrument for short-term technical outlook. Next downside barriers follow (1.2879) at (1.2844) and (1.2794).You may try to sell from (1.2943), (1.2977), and (1.3022) with a stop loss above (1.2988).

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EURUSD Analysis 2013.03.21

March 21, 2013

[Forex | Euro vs US Dollar] We see better value in short positions. If the price will go below the first support at (1.2911), this would confirm continuation of the bearish trend, towards next objective downwards (1.2882) then (1.2844) and (1.2812) will follow.Try to sell on rallies with a stop loss above (1.2988).

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EURUSD Analysis 2013.03.20

March 20, 2013

[Forex | Euro vs US Dollar] We believe that possible bearishness could be seen during this trading session. Immediate resistance is at (1.2971). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish.Our bias is on selling EURUSD with a stop loss above (1.2971) for today.

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