As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.112.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1155.
TP4: R2=1.1175.
Set the stoploss of these orders at breakout of S2=1.1105.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
The euro has moved below the pivotal 1.1145 level against the US dollar, placing the focus on emphasis on further short-term selling. If an interim high is in place, the bearish correction in the EURUSD pair could extend losses towards the 1.1044 support level. A sustained break below the 1.1110 support level should confirm that the EURUSD pair can start to trade...
The euro currency has staged a minor technical correction lower against the US dollar after the pair found technical resistance from just below the 1.1180 level. EURUSD bulls still have time to advance towards the 1.1200 level ahead of Thursday’s key ECB policy meeting. A sustained loss of the 1.1145 level could push the EURUSD pair towards the 1.1125 support...
Short trades can be initiated on EUR INR as correction is due after ~3 weeks of rally. Strict stop loss should be placed as it is currently trading above 200 EMA on daily charts. I'd recommend trailing your stop loss once it starts moving in our desired direction.
The euro has opened the new trading week unchanged against the US dollar, with Brexit uncertainty having a limited impact on the pair. The EURUSD pair performed a major breakthrough above the 1.1100 level last week, putting the 1.1200 level in focus if buyers can keep price above the 1.1160 level. Overall, the EURUSD pair is unlikely to extend gains beyond the...
The euro currency is gathering strength against the US dollar, following the recent bullish breakout above the 1.1110 resistance level. The EURUSD pair is increasingly likely to trade towards the 1.1160 level if bulls continue to hold price above the 1.1110 level. Brexit developments over the weekend could traders booking profits, leaving the 1.1070 level as major...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.109.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.114.
TP4: R2=1.116.
Set the stoploss of these orders at breakout of S2=1.108.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
The euro continues to enjoy strong buying interest against the US dollar, with the pair trading around the best levels of the week so far. According to technical analysis for the daily time frame, the 1.1110 level is currently the weekly bullish target for EURUSD bulls. Only a sustained loss of the 1.0990 support level will turn the intraday sentiment towards the...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1055.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1105.
TP4: R2=1.113.
Set the stoploss of these orders at breakout of S2=1.104.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
The euro currency has received a much-needed boost against the US dollar, following the release of bullish Brexit news of Tuesday. The EURUSD pair has reversed from the 1.0990 technical area and may start to target the 1.1070 resistance area if bulls can maintain the advance. Overall, the EURUSD pair has recently become a strong buy on any short-term technical...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=120.65.
TP4: R2=120.8.
Set the stoploss of these orders at breakout of S2=119.6.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
The euro currency is holding above the 1.1000 level against the US dollar in early Tuesday trade, as selling momentum in the EURUSD pair starts to fade. EURUSD bulls may use any pullbacks towards the 1.1000 level as a buying opportunity. EURUSD buyers now need to force price above the 1.1044 level in order to encourage a technical test of the 1.1070 resistance...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119.05.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=119.8.
TP4: R2=120.
Set the stoploss of these orders at breakout of S2=118.75.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (119.03). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
The euro is holding above the 1.1000 level against the US dollar in early Friday trade, although the pair is struggling to move past the 1.1030 resistance level. The EURUSD pair faces a moment of truth, with sellers poised to move if the 1.1000 support level is broken. Overall, buyers are still in control while the EURUSD pair starts to stabilize above the...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.1000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (118.16). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
The euro is holding firm against the US dollar in early Thursday trade, ahead of the release of the ECB Meeting Minutes later this morning. Any commentary towards increasing QE purchases will likely be bearish for the EURUSD pair. To the upside, if ECB members are seen to be divided about further QE purchases, it will likely be taken as bullish for the EURUSD...
