Having taken out its key resistance at the 1.3307 level to close the week higher, further upside offensive is envisaged. Further out, resistance resides at the 1.3350 level followed by the 1.3400 level. A cut through here will open the door for more upside towards the 13500 level. Conversely, support stands at the 1.
By Mohammed Isah | Jan 14 | FX Tech Strategy
With EUR declining to close the week lower, further bear threats are expected in the new week. However, we expect further declines to be capped at its rising trendline support at 1.2928 level. This if seen should push the pair back up towards the 1.3144 level where a violation will call for a run at the 1.3307 level. Further out, resistance resides at the 1.3350 level followed by the 1.3400 level.
By Mohammed Isah | Jan 08 | FX Tech Strategy
Although EUR may have closed slightly higher the past week following a back off higher prices, it continues to retain its medium term uptrend. On further upside offensive, Upside target resides at the 1.3306 level where a break will aim at the 1.3350 level and then the 1.3400 level. Its weekly RSI is bullish and pointing higher supporting this view.
By Mohammed Isah | Dec 24 | FX Tech Strategy
With EUR overcoming the 1.3125 level on the back of its strong rally the past week, further upside offensive is likely in the new week. The immediate target resides at the 1.3171 level with a breach of here resuming its broader uptrend towards the 1.3282 level and possibly higher towards the 1.3350 level.
By Mohammed Isah | Dec 17 | FX Tech Strategy
With a second week of upside seeing the pair breaking and holding above the 1.2822 level, further strength is likely to occur. The immediate resistance resides at the 1.3000 level where a violation will call for a run at the 1.3171 level. A breach of here will resume its broader uptrend towards the 1.3282 level. Its weekly RSI is bullish and pointing higher supporting this view.
By Mohammed Isah | Nov 27, 2012 | FX Tech Strategy
With EUR weakening for a second week in a row, further declines is likely in the new week.However, it will have to break and hold below the 1.
By Mohammed Isah | Nov 05, 2012 | FX Tech Strategy
Well, EUR is still above the 1.2800 level but the previous bullish wave count is now less likely. That's why I adopted a new wave count shown on the chart above.
By Alexander Nikolov | Nov 05, 2012 | TrendRecognition
Although the pair closedmarginally lower at the end of the week, it continues to hold on to its broader short term uptrend.
By Mohammed Isah | Oct 15, 2012 | FX Tech Strategy
The EURUSD has entered a near term high risk area for bulls defined by Tuesday’s high, last Friday’s low, the 61.
By Jamie Saettele | Oct 13, 2012 | FX Times
After earlier upside momentum, demand for risk receded throughout the US session with global growth concerns once again a key stumbling block. Comments from non-voting Fed Philadelphia President Charles Plosser provided a decidedly negative spin on the Fed's latest stimulus efforts noting "...
By Chris Gore | Sep 26, 2012 | GoMarkets
With another fresh rally seeing EUR closing higher the past week, the risk is for the pair to strengthen further. This development now leaves the pair targeting the 1.3282 level where a violation will call for a move further higher towards its weekly ema at 1.3415 level. Its weekly RSI is bullish and pointing higher suggesting further strength.
By Mohammed Isah | Sep 17, 2012 | FX Tech Strategy
Euro rallied nicely last week completely in line with our wave and trend analysis. Now, the market is approaching the 1.3195 level but I expect it should not be a problem for further advance here. Then, we'll come to the 1.3520 and 1.3720 Fibonacci levels which may provide a bigger resistance for the market.
By Alexander Nikolov | Sep 16, 2012 | TrendRecognition