EUR/USD tried to rise higher yesterday, topped at 1.1379 but then collapsed down and closed lower at 1.1237. The outlook is bearish in nearest term testing 1.1180 - 1.1150. Immediate resistance is seen at 1.1285. A clear break below that area could lead price to neutral trade area testing 1.1350 / 80. As seen on the hourly chart, price slipped below the bullish price channel, suggesting a possible bearish signals.
Jun 05 2015 at 08:08
forget upside in eu..... eurousd left falling patterns downside.... first target is 1.1186... and key area after kissing 11186 will be 1.1135... any clear break of 1.1135 will be very negative.... and will lead to 1.0993... all in all eu if now below 1.132 and 1.128.. forget upside.. and look for new low in coming months... 1.0 is target this year
EUR / USD depreciated slightly on Wednesday after ECB President's speech, Mario Draghi.
There was a little loss of 'momentum' in the recovery, which was followed by a review of the progress and the prospects of rising inflation.
There was a little loss of 'momentum' in the recovery, which was followed by a review of the progress and the prospects of rising inflation.
The EURUSD should remain above 1.1275 and thus increase the potential for higher valuations to resistance to 1.1330.
The RSI found support in line and 70 points up, while the MACD is above its zero line and signal area mean that both short-term indicators are in the territory of about purchase. This suggests an acceleration of 'bullish momentum,' but a small retreat is possible before the next ascent.
The RSI found support in line and 70 points up, while the MACD is above its zero line and signal area mean that both short-term indicators are in the territory of about purchase. This suggests an acceleration of 'bullish momentum,' but a small retreat is possible before the next ascent.
Jun 05 2015 at 08:11
no.. eurousd left falling pattern at 1.1186 and that it kissed... so key area to watch as per pattern is 1.1135... if that gone that euro towards 1.0993...
Euro also left falling pattern at 1.0993... so now euro completed 1.1186 pattern by kissing.. and it will consolidate... only break of 1.128 an 1.132 will drive euro up... otherwise i see euro bam down to 1.0993.. and towards 1.08... lets see what brings nfp..
Euro also left falling pattern at 1.0993... so now euro completed 1.1186 pattern by kissing.. and it will consolidate... only break of 1.128 an 1.132 will drive euro up... otherwise i see euro bam down to 1.0993.. and towards 1.08... lets see what brings nfp..
Jun 05 2015 at 08:17
EURUSD initially rallied on yesterday session but found enough selling pressure near the 1.1391 resistance to give all its gains back and close in the red at the low of the day. It was a typically profit taking day ahead of the high impact fundamental data. Greece already took the IMF offer to delay its 300mln payment and later today we have the US non-farm payrolls.
"I trade to make money not to be right."
Jun 05 2015 at 17:03
EUR/USD is testing 1.1120 at the moment a break under the support will push the price further down. but in both ways It's weekend and the close of today will determine my position in Monday.
The EUR/USD bearish in the european session today after the news about the Greece failed to pay their debt, the price fell to 1.1050 and rebound to 1.1115 currently under the support level.
Jun 05 2015 at 19:39
The news from Greece and the US Non-farm Payrolls had a considerable effect on EUR/USD today. The question is whether the pair will continue climbing next week or is this a turning point.
Jun 05 2015 at 19:43
Why should eur usd raise ?
