EURUSD LOW NEXT WEEK?

EURUSD HIGH

Next week Eurusd will be higher..
Test for 1.46xx level

EUR/USD

 EUR/USD losses were limited late Friday as the pair rallied back up above 1.4900.  In the short-term I am looking for a drop to the trend support around 1.4800, and I am a bit bearish below last week’s top of 1.5050. Therefore I will look to sell on a rally below 1.5050, preferably around 1.5015.
 Look for shorts below 1.5050 with targets (from 1.5015) at 1.4980, 1.4950, 1.4915 and 1.4880. Above 1.5015 look for a re-challenge of 1.5050

NON Farm Payrolls

This Friday the markets look to the US as the latest Non Farm Payrolls data is released. Nothing has the power to trigger big movements in the Forex market the way Non Farm Payrolls can!

Last month, in the two hours around the Non Farm Payrolls announcement the EUR/USD moved 160 pips. Large movements like this are the reason why Non Farm Payrolls (NFP) is the talk of the Forex market.

Before Non Farm Payrolls there are two important announcements you can use to try to figure out where the dollar might be heading this week:

1. The latest US interest rates are announced on Wednesday. Rates are expected to remain on hold, and any change could trigger a shock to the Forex market.
2. The ADP employment change result is also released on Wednesday. This is the most important indicator in advance of Non Farm Payrolls. It can be used to predict the NFP result and is a trigger to action in the dollar all by itself.

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Short for yesterday was stopped out for a small loss yesterday as US GDP grew by 3.5% – more than expected and technically signaling an end to the US recession. There is still a lot of weakness in the US economy and much of that growth was driven by government programs/spending, but US stocks rallied nonetheless driving the EUR/USD past resistance levels. I talk about this a lot recently but you have to watch US stocks closely in this risk-appetite driven markets. Strong US stocks signal risk appetite which means the higher yielding Euro will perform better than the record-low interest rate USD will perform poorly. Yesterday was the strong day for US stock markets in 3 months – and the EUR/USD rallied over 100 pips.
Currently the pair is consolidating its gains in a tight 1.4820-1.4855 range which could make for a nice breakout.
Trading Idea: On the 4-hour chart we have a nice flagpole with a consolidation pattern forming in a flag pattern. Bias is to the upside. I will look to buy a sustained break of 1.4865 or, if the 60M candlestick is bullish buy near the bottom at 1.4820. Long targets would be 1.4895, 1.4925 and 1.4955. On a sustained break below 1.4815 my tendency would be to sell a rally for a re-challenge of 1.4750.
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EUR/USD Target to 1.4827 and 1.4840 Level

tonight 1.4827 and 1.4840 level
are next upside level..be..careful

EURUSD SUPPORTED AT 1.4725

Eurusd reach to supported 1.4725
before go for Long...

BUY EUR/USD

The EURUSD attempted to push lower yesterday but found support at 1.4943, whipsawed to the upside, topped at 1.5037 and closed at 1.5025, indicating bullish momentum remains strong and downside corrections might be over at this phase. My  bullish momentum still move perfectly inside the bullish channel with the lower line provide good technical support area. The bias remains bullish in nearest term still targeting 1.5080 and 1.5140. Key support level remains at 1.4950/60 area and the lower line of the bullish channel. Short position is not recommended.

EUR/USD

Today.. Earlier signal at 1.4920 was never tripped as EUR/USD blasted through resistance on the 60M chart without flinching. I have to admit I am not real wild on buying the EUR/USD at this level. The pair has been very closely tied with US stocks, and those stocks remain overbought and are in need of profit-taking. However, with the Fed seeing no signs of easing back on the money printing it is feasible we will see continued USD weakness. Therefore, I have to go with the tried and true and continue trading with the trend, which means buying on dips near support. Trading Idea: We have support at 1.4950 (23.6% fib), 1.4930 (38.2%) and above 1.4900 in the area of the 50% retracement and former support. Starting from 1.4900 we have targets at 1.4940, 1.4970 and 1.5000.

Next Week EUR/USD May Up or Down

The EURUSD has had one hourly bar close below the 100 hour MA today (1st hourly close below the moving average since 4:00 ET on October 12th).  This move was reversed in the next hour. However, 4 separate hourly bars have moved below this key moving average today. Is this an indication of a further correction for the EURUSD?
For those looking that way, the market did have a double top at the 1.4967 level yesterday and today.  That often leads to some selling and indeed we did see that today.  For the bulls, the move below and back above the 100 hour MA is signficant especially since the market has not been below thay key moving average since the 12th.  Another thing in the favor of the bulls is the inability to take out the lows from Wednesday or Thursday.  Those levels came in at 1.4839 and 1.4842 respectively

EURUSD up and away

Picture perfect signal yesterday as all targets were hit for 75 pips. Would have been more but the I entered after the hammer signal on the 1-hour chart that pierced our entry at 1.4650. I circled the hammer candlestick on blue on the chart below so you all could see it. Nice formation, long wick pierced lows/support and body closed above intraday lows. From there it was more or less straight up. I keep saying it but I think the USD is overbought. But it doesn’t matter since we trade the trade and the trend is up. Another higher higher and volatility in the market seems to be decreasing which is a sign the trend has strength. Ultimately I will look for the pair to re-challenge the yearly high at 1.4850. Whether or not it will break that level I don’t know.
Trading Idea: Trend is up and I am looking to buy dips on a failure of support at 1.4720. Long targets at 1.4755, 1.4790 and 1.4825.

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EURUSD

The dollar gained some strength yesterday after bears got some news that made them willing to bet on the dollar again. Specifically the fact that the government is going to continue to extend their spending programs is news that the US economy is not as peachy as previously though took away some of the risk appetite. It wasn’t much in the way of news but I personally think the EUR/USD was overbought and investors were just looking for a reason to take some profits and correct the price a little bit. Fundamentally nothing much changed, technically we saw a drop to the 23.6% fibonacci retracement level at 1.4686, which was also where the rising trendline (in blue below) happened to be. The pair has found a little support there but I will look to sell a break of that blue trendline or a failure below 1.4800. A “failure” of 1.4800 means the price goes up toward that level but gets stopped by resistance and we see some sort of bearish reversal confirmation signal (candlestick, etc.).
Trading Idea: Looking to sell a break of blue trend support line currently at 1.4710 but rising, or sell a failure below 1.4800. From 1.48 short targets are 1.4730, 1.4690, 1.4655 and 1.4620.

EURUSD Make Retracement

Eurusd making retracement today fall to 1.4500 to 1.4480..before go higher again...

EURUSD OVERBOUGHT

Overbought levels appear to be causing the EUR/USD to stall out on the charts after the Memorial Day holiday in the States on Monday. On the daily the price action is just below 70 on the RSI and on the 4-hour it has just dipped below 70. Either way the pair has been pushing overbought all last week and is due for some consolidation so I will be looking to buy bounces off of support. Trading Idea: Nearest support is at 1.3895, however use extremely tight stops if you trade this level as a break below could spell much more significant drops. A more conservative support zone is around 1.3800 with targets at 1.3845, 1.3895 and 1.3935

EURUSD HIGH

EUR/USD is making a strong move for the bulls on all charts 1 hour and above, with the euro having gained roughly 700 pips in the past few weeks. Technically I am bullish on the pair in the mid-term but it is very overbought in the short-term. Pair cooled off a little bit yesterday as traders consolidated their positions overall but still has room to drop so I will be looking to buy on dips.

Trading Idea: A bounce off support near 1.3475 would provide a good opportunity to reset longs. Tight stops, targets at 1.3530, 1.3595 and 1.3645.

EURUSD

Euro bulls are in charge as the pair made a new higher high yesterday and higher low, signaling that the uptrend is still intact. Buying on a significant support off a bounce or buying a break of resistance will be my attack.

Trading Idea: Good support at 1.3250 and 1.3200 that I would buy a bounce off of. Long targets at 1.3295, 1.3240 and 1.3395. Tight stops.

EURUSD support 1.3191

The 100 bar MA on the 5 minute intraday chart comes in a the 1.3219 level. The MA has been leading the price higher with one brief exception for the day (the dip in the chart where the price moves…

EURUSD GO HIGH

The price has stalled at the level, but the dollar is finding pressure today across the board. On a break, the next target is 1.3335 where the high from Thursday and the 50% retracement of the move down from the 1.3581 high on April 6th to the April 10th low at 1.3092.