Daily Technical Analysis

Market Update – EURUSD STRONG SELL AHEAD

Market Update – EURUSD STRONG SELL AHEAD

Market Analysis: The Pair has broken the monthly major support level in the daily time frames. Now the market is retesting the broken support level. If the support which now turned to resistance holds we can expect a new low to the next possible support level. So lets wait and see what the market does in the coming week.

Market Update

In Other View Point – EURUSD PRICE BREAKOUT

We wish that our precise signals could be favorable on your trades. Its an update for EUR/USD, Forecast for PRICE BREAKOUT, SELL on 1.04257 and place your TARGET at 1.03957

Market Update

In Another View Point – Eurusd Short Setup

Eurusd Update apply your system and keep in rock, this analysis is valid before1.0490 once its break uper resistance it will up but now i am expecting some more weakness is #Eurusd biger view sell the break out and buy near support area.

Market Update

In Another View Point – Eurusd Long Setup

Euro more than just second goals in the success of the surplus, and now seems to have a new opportunity after the interest rate resolution, currently can focus on multiple opportunities in the 1.04 region. The first goal at 1.052, second target at, third target at 1.085. stops at 1.032.

Market Update

About the author

Mohammad Riad

2 Comments

Click here to post a comment

Your email address will not be published. Required fields are marked *


  • EUR/USD Technical Analysis: December 20, 2016

    Along with the positive report from the German Business climate is the strengthening of the single European currency. But the upbeat of euro was impeded by a fresh selling interest.

    Meanwhile, the market appeared to be calm within this week as the greenbacks slowed down towards its major rivals amid the Asian session. The EUR edged over the dollar and further recovered during the trades on Monday while the dollar continued to soften. Buyers pushed the price through 1.0475 level by which the seller’s resistance is found. The renewed selling pressure caused the pair to slid down the 1.0450 region in the post-EU open. Moreover, the pair approached the 1.0400 mark throughout the North American Trading session. The 50-EMA pass over the 100-EMA towards a lower point. The entire moving averages manage a descending trend. Current resistance touched the 1.0450 level, support settled within the 1.0400 area.

    The MACD histogram declined as it indicated stronger stance for the sellers. RSI holds the oversold territory and signaled a downward movement.

    Should the pair remained under the level of 1.0450 in order for the market to continue its moving to enter the 1.0350 and 1.0400 regions.

  • EUR/USD Technical Analysis: January 11, 2017

    The positive data from the Investor Confidence in Euroland had strengthened the single European currency yesterday. While, the U.S dollar was able to regain its losses last Tuesday as the Fed told to support the rate hike in 2017. The traders look forward to the ongoing status for Trump’s first conference scheduled today.

    Moreover, the momentum of EU appears to be short-lived having touched the 1.0600 level amid the morning trades on Tuesday. After the daily high was set at 1.0626, the EURUSD moved back under 1.0600 in the post session of the European open.

    The sellers drove the EUR downwards prior the opening of the New York trading. As shown in the 4-hour chart, the price resumed its development on top of the 200-EMA which considered to be pair’s support. The 200 and 100-EMAs were trending flat while the 50-EMA headed upwards. Resistance entered the 1.0600 region, support is at 1.0550 handle. The technicals gradually approached the lower positive territory.

    The MACD histogram declined which confirmed weak position for the buyers. The RSI oscillator hovered around the undervalued zone.

    According to forecast, the bearish pressure will be renewed in the near-term. A rapid decline below the 1.0550 mark would indicate further vulnerability for the pair. The next bearish target is posted at the 1.0500 level.

Archives

Topics

Recommended Broker

  • New_to_Trading_Guide_300X250_XFR.gif

Watch the Video

  • XT_Video_300x250_XFR.gif