Mata uang euro diperdagangkan tepat di bawah level 1.1200 terhadap dolar USA, menyusul sebuah lambungan kuat dari level 1.1160 pada hari Senin. Dengan frustrasi, aksi trading untuk pasangan EURUSD masih berpusat di sekitar pola segitiga dalam kerangka waktu empat jam. Secara umum, bulls perlu menembus bagian atas level harian 1.1225 demi mengamankan uji teknis...
The euro currency is trading just below the 1.1200 level against the US dollar, following a strong rebound from the 1.1160 level on Monday. Frustratingly, the trading action for the EURUSD pair is still centered around the triangle pattern on the four-hour time frame. Overall, bulls need to break above the 1.1225 level intraday to secure yet another technical test...
Midterm forecast: While the price is above the support 1.1000, beginning of uptrend is expected. We make sure when the resistance at 1.1450 breaks. If the support at 1.1000 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI downtrend #1...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1155. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1195. TP4: R2=1.121. Set the stoploss of these orders at breakout of S2=1.114. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
The euro continues to hold around the 1.1200 level against the US dollar as traders await a much-needed breakout in the US dollar index this week. The 1.1160 level is the key support level to watch and the gateway to further losses towards the 1.1135 level. Bulls also have an interesting set-up this week, with gains above the 1.1250 likely to prompt a key...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.122. TP4: R2=1.125. Set the stoploss of these orders at breakout of S2=1.1135. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
The euro is appearing increasingly bullish against the US dollar in the short-term, with the pair becoming bought up sharply on any technical pullbacks. If EURUSD bulls can stabilize price above the bearish double-top pattern, the pair could launch an attack towards huge weekly resistance, at 1.1290. Only a sustained move below the 1.1187 level can dampen the...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.114. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.119. TP4: R2=1.1205. Set the stoploss of these orders at breakout of S2=1.113. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
The euro is trading around the 1.1130 level against the US dollar, after a fairly solid former weekly price close back above the 1.1100 support level. Traders may need more technical confirmation that a meaningful bottom is in place before turning fully short-term bullish on the EURUSD. Overall, EURUSD traders should be on guard for a bullish double-bottom pattern...
The euro has fallen below the 1.1100 level against the US dollar, marking a bearish monthly price close beneath the bottom of its yearly price range. The EURUSD pair could eventually target towards the 1.0900 level now the range is breached. Key downside target to watch in the interim for the EURUSD pair is located at the 1.1000 and 1.0980 support levels. The...
The euro remains technically weak against the US dollar, further placing the pair in a vulnerable position going into the FOMC interest rate decision later today. Bulls inability to break the 1.1160 resistance level is placing the emphasis back towards more EURUSD downside. Only a sustained move above the 1.1187 resistance level can put the pair on more certain...
The euro is continuing to move higher against the US dollar after sellers failed to move price below the key 1.1100 support level. EURUSD bulls need to move price above the 1.1187 level to encourage further buying towards the 1.1215 resistance level. Overall, bearish momentum will start to grow if bulls fail to overcome interim resistance around EURUSD pairs...
The euro has started the new trading week slightly firmer against the US dollar as bulls continue to defend the current yearly trading low. If bulls continue to defend the 1.1100 support level the EURUSD pair could eventually reverse back towards the 1.1215 area. A move under the 1.1100 level should see the EURUSD pair performing a bearish breakout towards the...
The euro is starting to probe the middle of its three-day trading range against the US dollar as financial markets remain unimpressed with the lack of action from the ECB on Thursday. The risk is now to the upside for the EURUSD pair, with a further short squeeze towards at least the 1.1210 level still possible. US GDP later today is likely to prompt the next...
The euro remains under constant downside pressure against the US dollar on Thursday as expectations remain high that the ECB will announce the timing of the next QE package. The key EURUSD downside levels to watch are the 1.1107 and 1.1050 levels. To the upside, a sustained move above the 1.1160 level could prompt a rally towards the 1.1200 level, although the...
The euro currency has turned heavily bearish over the medium-term against the US dollar after breaking through the 1.1160 support level on Tuesday. Continued weakness below the 1.1160 level may prompt a test of the 1.1110 support level during today’s European trading session. Market participants are now waiting for the release of PMI Manufacturing data from the...
The euro currency continues to trade on the back foot against the US dollar as pair fails to attract buying interest ahead of Thursday’s ECB meeting. Technical indicators across the lower and higher time frames remain oversold, although a bounce in the EURUSD pair is not forthcoming. The 1.1230 resistance level is the main area short-term bulls need to break for...
The euro has opened the new trading week slightly weaker against the US dollar after the pair suffered heavy losses after moving below the 1.1248 level. Going forward, the EURUSD faces a decisive week ahead as the ECB decides on rates and possibly QE timing. Over-delivering or underwhelming are all real risks ahead for the EURUSD pair. In the short-term, a...