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RussianEUR/USD Weekly Technical Analysis
EUR/USD Weekly Outlook
EUR/USD rebounded strongly after initial fall to 1.3003 and a short term bottom is possibly formed with bullish convergence condition in 4 hours MACD. Initial bias is neutral this week first. At this point, we're still favoring another fall with 1.3290 resistance intact. Below 1.3048 will flip bias back to the downside and break of 1.2974 will confirm completion of rebound from 1.2625.
Mar 18, 2012 | ActionForex
EUR/USD Weekly Outlook
Last week's development suggests that rebound from 1.2625 has likely completed with three waves up to 1.3486 already. More importantly, EUR/USD maintains a pattern of lower highs, lower lows since 1.4939 and such decline is still in progress. Initial bias is on the downside this week for 1.2974 support first. Break will affirm our bearish view and should target 1.2625 and below.
Mar 11, 2012 | ActionForex
EURUSD: Halts Its Recovery Gains, Weakens
Risk of a return to the 1.2975 level could be building up after the pair reversed its previous week gains the past week. If that level is tested and broken further declines will build up towards the 1.2879 level, its Jan 23'2011 low with a breach of there turning focus to the 1.2620 level. Its weekly RSI is bearish and pointing lower supporting this view.
By Mohammed Isah | Mar 05, 2012 | FX Tech Strategy
EUR/USD Forecast for the Week of March 5, 2012, Technical Analysis
EUR/USD fell hard during the previous week. The pair took back all of the gains from the week before, and it looks as if the 1.35 level will continue to push prices down. However, the candle from three weeks ago shows a hammer down to the 1.30 level.
Mar 05, 2012 | FXEmpire
EUR/USD Weekly Outlook and Trading Idea
This chart remains a mess. And actually the picture is even less clear now that it was a week ago. From a trend-following perspective, the daily chart is more negative than neutral because the prices have been repelled by the still declining 200-day moving average and there is a strong sell signal from the daily Stochastics. Wavewise however, the picture is bullish as a rise twd 1.
By Alexander Nikolov | Mar 05, 2012 | TrendRecognition
EUR/USD Weekly Outlook
After failing to break 1.3486 and extend recent rally, EUR/USD reversed and dropped sharply. Initial bias remains mildly on the downside this week for lower channel support (now at 1. We'd like to point out that as long as EUR/USD stays inside this channel, there is no indication of reversal yet and rise from 1.2625 could extend higher. Above 1.
Mar 04, 2012 | ActionForex
EURUSD: Resumes Uptrend, Targets Further Upside Momentum
Having taken out its key resistance at the 1.3322 level and resumed its medium term uptrend, further bullish offensive is expected towards the 1.3484 level, its Dec 05'2011 high. A cut through here will call for a run at its Dec 02'2011 high at 1.3547where a breach will target its weekly 200 ema at 1.3642.
By Mohammed Isah | Feb 27, 2012 | FX Tech Strategy
EUR/USD Weekly Outlook and Trading Idea
EUR rallied stronly last week and thus confirmed our bullish Short-Term outlook. My targer remainst at 1.3720 and then I expect to see another move lower twd the 1.2670 key level. But overall I think the single currency has likely made its low for the year. If correct, a major buying opportunity will be present later this year.
By Alexander Nikolov | Feb 27, 2012 | TrendRecognition
EURUSD: Resumes Uptrend, Targets Further Upside Momentum
Having taken out its key resistance at the 1.3322 level and resumed its medium term uptrend, further bullish offensive is expected towards the 1.3484 level, its Dec 05'2011 high.
By Mohammed Isah | Feb 27, 2012 | FX Tech Strategy
EUR/USD Forecast for the Week of February 20, 2012, Technical Analysis
The EUR/USD pair has bounced yet again from the 1.30 level. It is becoming increasingly obvious that somebody somewhere doesn't want sub-1.30 prices. The latest move was done after the newswires picked up a "rumor" that the European Central Bank was going to swap out Greek bonds that were coming due with longer dated ones. In other words - bail them out through a back door plan.
Feb 20, 2012 | FXEmpire
EUR/USD Weekly Outlook
Despite dipping to as long 1.2974, EUR/USD rebounded strongly and the breach of 1.3190 minor resistance dampened the immediate bearish view. Initial bias is neutral this week for some sideway trading first. On the upside, above 1.3321 will resume the rebound from 1.2625 and target 61.8% retracement of 1.4246 to 1.2625 at 1.3627. On the downside, below 1.
Feb 19, 2012 | ActionForex
The Week Ahead
Highlights: - Greece's day of reckoning is only the start - Further JPY-weakness may be in store - Light US data may see risk rally stall
By Brian Dolan | Feb 18, 2012 | Forex.com
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