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EURUSD....Euro
- Thread starter MARKETWAVES
- Start date
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- Joined
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- Joined
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- Joined
- 23 February 2009
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The pair is trading along an uptrend, however resistance level 1.3240 - 1.3325 keeps the pair from further upside.
The uptrend may be expect to continue in case the market rises above resistance 1.3325, which will be followed by reaching resistance level 1.3485.
An downtrend will start as soon as the pair drops below support level 1.3153, which will be followed by moving down to support level 1.2964.
Resistances: 1.3240, 1.3325, 1.3485.
Supports: 1.3153, 1.3060, 1.2964, 1.2995
The uptrend may be expect to continue in case the market rises above resistance 1.3325, which will be followed by reaching resistance level 1.3485.
An downtrend will start as soon as the pair drops below support level 1.3153, which will be followed by moving down to support level 1.2964.
Resistances: 1.3240, 1.3325, 1.3485.
Supports: 1.3153, 1.3060, 1.2964, 1.2995
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EUR/USD December 04, 2010
Current Price: 1.3400
Resistance Levels: 1.3410, 1.3570, 1.3740, 1.3850
Support Levels: 1.3270, 1.3100, 1.2800, 1.2630
The 1.2980 support held during the previous week and we witnessed a bounce from that level which has so far reached the 1.3400 level. We expect this rally to continue, after some correction, to the 1.3630 level in the coming days, from where we expect to see the revival of the downtrend. A clear break above the 1.3630 level will have the potential of taking the price up to the 1.4140 mark.
Current Price: 1.3400
Resistance Levels: 1.3410, 1.3570, 1.3740, 1.3850
Support Levels: 1.3270, 1.3100, 1.2800, 1.2630
The 1.2980 support held during the previous week and we witnessed a bounce from that level which has so far reached the 1.3400 level. We expect this rally to continue, after some correction, to the 1.3630 level in the coming days, from where we expect to see the revival of the downtrend. A clear break above the 1.3630 level will have the potential of taking the price up to the 1.4140 mark.
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The pair is trading along an uptrend, with target set at the resistance level 1.3485 and If it keeps on moving up that level, we may expect the pair to reach resistance level 1.3670.
An downtrend will start as soon as the pair drops below support level 1.3290, which will be followed by moving down to support level 1.3060.
Resistances: 1.3485, 1.3670.
Supports: 1.3290, 1.3060.
An downtrend will start as soon as the pair drops below support level 1.3290, which will be followed by moving down to support level 1.3060.
Resistances: 1.3485, 1.3670.
Supports: 1.3290, 1.3060.
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The pair is trading along an sideways trading pattern.
An uptrend will start as soon as the pair rises above resistance level 1.3310, which will be followed by moving up to resistance level 1.3415 and 1.3485.
An downtrend will start as soon as the pair drops below support level 1.3215, which will be followed by moving down to support level 1.3060.
Resistances: 1.3415, 1.3485.
Supports: 1.3215, 1.3060.
An uptrend will start as soon as the pair rises above resistance level 1.3310, which will be followed by moving up to resistance level 1.3415 and 1.3485.
An downtrend will start as soon as the pair drops below support level 1.3215, which will be followed by moving down to support level 1.3060.
Resistances: 1.3415, 1.3485.
Supports: 1.3215, 1.3060.
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The pair is trading along an sideways trading pattern.
An uptrend will start as soon as the pair rises above resistance level 1.3260, which will be followed by moving up to resistance level 1.3415.
An downtrend will start as soon as the pair drops below support level 1.3165, which will be followed by moving down to support level 1.3060.
Resistances: 1.3260, 1.3290, 1.3415.
Supports: 1.3165, 1.3060.
An uptrend will start as soon as the pair rises above resistance level 1.3260, which will be followed by moving up to resistance level 1.3415.
An downtrend will start as soon as the pair drops below support level 1.3165, which will be followed by moving down to support level 1.3060.
Resistances: 1.3260, 1.3290, 1.3415.
Supports: 1.3165, 1.3060.
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EUR/USD 12/18/10
Current Price 1.3180
Current Resistances: 1.3270, 1.3410, 1.3640, 1.3780
Current Supports: 1.3050, 1.2910, 1.2680, 1.2550
We still favor a test of at least the 1.3630 area, before the November 30, 2010 low is taken out. If the price tests the 1.3630 area, we would expect to see a sell off starting near that level or alternatively, in case of a clear break above the 1.3630 area, we would expect a further rally testing the November 4, 2010 highs. On the other hand, a break below the November 30, 2010 low can open doors for a further slide down in the parity.
Current Price 1.3180
Current Resistances: 1.3270, 1.3410, 1.3640, 1.3780
Current Supports: 1.3050, 1.2910, 1.2680, 1.2550
We still favor a test of at least the 1.3630 area, before the November 30, 2010 low is taken out. If the price tests the 1.3630 area, we would expect to see a sell off starting near that level or alternatively, in case of a clear break above the 1.3630 area, we would expect a further rally testing the November 4, 2010 highs. On the other hand, a break below the November 30, 2010 low can open doors for a further slide down in the parity.
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Weekly forecast, 01/03–01/07
The pair is trading along an uptrend. But due to the fact it has reached key resistance level 1.3410, we can expect it to rebound and start a downtrend with the downside target set at support level 1.3110 and further at 1.2875. Take into consideration that a downtrend’s development from resistance 1.3410 will be just preliminary, it won’t be fully confirmed until the pair gets under level 1.3290, which will be followed by moving down to support 1.3110 (with possible consequent correction to resistance 1.3235). If the market continues going down below level 1.3110 afterwards, it will get to support 1.2875.
Continuation of an uptrend can be expected in case the pair confidently rises above resistance level 1.3410, which will be followed by moving up to resistance 1.3670.
The pair is trading along an uptrend. But due to the fact it has reached key resistance level 1.3410, we can expect it to rebound and start a downtrend with the downside target set at support level 1.3110 and further at 1.2875. Take into consideration that a downtrend’s development from resistance 1.3410 will be just preliminary, it won’t be fully confirmed until the pair gets under level 1.3290, which will be followed by moving down to support 1.3110 (with possible consequent correction to resistance 1.3235). If the market continues going down below level 1.3110 afterwards, it will get to support 1.2875.
Continuation of an uptrend can be expected in case the pair confidently rises above resistance level 1.3410, which will be followed by moving up to resistance 1.3670.
Doing a few calculations ive a confluence of key levels around 13974 -13990 area . range extension of early jan 13420 down to 12870 is one of these levels , dynamic resistance across swing highs from dec09 to nov10 another and a calculation of percentage move down to multiyear dynamic support on usdx adjusted upwards on eurusd . if we see these levels im willing to short heavily once we see a swing high around above levels . will do chart when and if the time comes
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Forecast weekly, 02/14–02/18
The pair is trading along a downtrend which will be staying in effect until the market gets over resistance level 1.3565. Current downtrend’s target is set at support levels 1.3365–1.3290. As soon as those support levels are reached, a probability of correction towards resistance 1.3565 will emerge. Should the pair continue its way down below support 1.3290, the downside momentum will grow stronger and the market’s next downside target will be set at support 1.3110.
An uptrend will start upon the pair rises above resistance level 1.3565, which will likely be followed by getting to resistance levels 1.3725 and 1.3820.
The pair is trading along a downtrend which will be staying in effect until the market gets over resistance level 1.3565. Current downtrend’s target is set at support levels 1.3365–1.3290. As soon as those support levels are reached, a probability of correction towards resistance 1.3565 will emerge. Should the pair continue its way down below support 1.3290, the downside momentum will grow stronger and the market’s next downside target will be set at support 1.3110.
An uptrend will start upon the pair rises above resistance level 1.3565, which will likely be followed by getting to resistance levels 1.3725 and 1.3820.
Whiskers
It's a small world
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Yeah, it looks like top is in to me too, although I thought it was in some time ago.
If this is a wave 5 instead of 'D' the top has to be in before 1.42815.
But I'm not convinced my triangle has been invalidated yet.
In any case it looks like the trend has to be south for awhile... doesn't it!?
If this is a wave 5 instead of 'D' the top has to be in before 1.42815.
But I'm not convinced my triangle has been invalidated yet.
In any case it looks like the trend has to be south for awhile... doesn't it!?
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I sold a few more short contracts for this during the week also.. aiming below 1.4000, I really can't see why this is staying afloat with all the Euro problems, except that some OK data came out yesterday, and the general weakness of the USD. Should see some correction this week I expect.
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Bearish on the euro, Spain is still struggling and will most likely need further bailouts.
