EURUSD LOW NEXT WEEK?

EURUSD HIGH

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

Today EURUSD may rising to 1.4400-14410..After that it will go down again..

Thanks Happy Trading and Happy New Year

EURUSD BEARISH

In the short-term I will look for range opportunities in the triangular consolidation with a definite leaning towards bearish trades and selling on rallies. I will look for bearish candlesticks to confirm, and look for entries around 1.4950-1.4980 resistance.
Today Shorts preferred. From 1.4980 resistance targets are 1.4950, 1.4915, 1.4880.
Happy Weekend..

TARGET COMPLETED

EUR/USD Target to 1.4827 and 1.4840 Level

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

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

Sometimes you just have to take a step back from the charts and think about what all those little candlesticks mean, and right now the dollar bulls and bears are locked in a struggle to determine the future of the currency. On the USD index charts (not shown) we can see the USD is against several different support levels vs. various currencies, and the EUR/USD itself is flirting with strong resistance at 1.4820. For our shorter term purposes the waters are nearly as murky – if you back out to the 4h chart you can see a giant V shape from late Septemeber to present, with a slight bullish bias. Though I am bearish in the long term, I will put my personal feelings aside and trade with the bullish, short-term trend.
Trading Idea: looking to buy near support above 1.4725. Long targets at 1.4755, 1.4790 and 1.4820.

EURUSD

And right now the bulls are winning. A mixture of fundamental news helped to boost  the Euro over the dollar, including 1) the Aussie government unexpectedly raising interest rate led to an increase in USD shorting and 2) a story was published in the UK that said several governments, including China and Russia were looking to partially replace the USD as the reserve currency for crude within 9 years. These news pieces provided the extra boost to raise the EUR/USD past key resistance at 1.4680 and up to another key resistance at 1.4720. The Euro is still overbought against the dollar but there is big money involved here that is out of our control, therefore we will take what the market gives us. I would look for an opportunity to short around 1.4725 if the failure was present or the candlestick was strong enough, but at this point I have to also start looking for buying opportunities, first at support around 1.4650. Until we get some more direction from the markets, this might be a good day to sit out and wait for some more news :).

 

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 HIGH

What a week! EUR/USD has rallied hard against most fundamental expectations, causing many to re-evaluate what these latest bullish signals mean for the long-term. Some experts say this is the start of an inflationary period for the dollar and this is how the year will end (with dollar weakness). Others believe this is an extinction burst before we see a double-dip on the EUR/USD, US stocks and the world economy in general. So as short-term, technical traders what do we do? We look at the charts and we stick to what we know! And what we know is to trade with the trend. The EUR/USD has made higher highs and higher lows over the past several days so the trend is up. Currently the pair is knocking on the door of 1.4600.

Trading Idea: Trend is up and I am looking for buying opportunities. I would buy a sustained break of 1.4615 or a dip with candlestick confirmation to support above 1.4500. At 1.4500 targets are 1.4555 and 1.4615. With a break above 1.4615 I’m looking for 1.4660 and 1.4695.

EURUSD HIGH

Well it looks like patience might pay off after I delayed the signal until the start of New York session. I was waiting for some signs as to direction of the pair after the Labor Day weekend in the States and direction is what I got. Extreme volatility in the pair made it jump up almost 200 pips as it made fresh 2009 highs peaking just about 1.4500. Interesting to note that the US stock markets did not share in the extreme rally (though I think US stocks are overpriced already) which has been the pattern of late with risk aversion being the main theme. With gold flirting with 1000 and oil up to 70 USD/barrel this could be the beginning of a serious inflation problem for the greenback. With the new higher high in place I will look to buy dips near support though with the pair so overbought I would also look to sell another pierce upward.r

Trading Idea: Nearest support is at 1.4400 and then 1.4365. I will look to set longs on a bounce off of these support areas with targets at 1.4455, 1.4495 and 1.4525. With the RSI heavily overbought (was at almost 90 for hourlies) I would also look to sell another run into resistance between 1.4520-1.4550, with short targets back down to 1.4425.

In holiday type trading (US is off for Labor Day national holiday), the EURUSD has nevertheless been able to continue it’s move higher from Friday’s afternoon rebound. The gains have been attributed to an increased demand for “riskier currency pairs”. German Factory Orders also showed stronger output as they rose by 3.5% MoM after a 4.5% gain in June. It also was the 5th increase in a row.

The pair has moved above the trendline resistance at the 1.4333 level. This trendline will be eyed for support today. On the upside, the next hurdle will be the 1.4377 (high from last week) and 1.4386 (trendline off the high from August 5th).

EURUSD LOWER TODAY

EURUSD BEARS

Bears fought back today (on positive US data), driving down the EUR/USD almost 150 pips in just 6 hours. Pair did rise steadily for the first hours of the day but hit a wall of support at 1.4350 that sent exchange rates plummeting. There is currently disagreement among economists whether positive US economic data will help or hurt the US dollar (if you haven’t read my article here on risk aversion and confusion over fundamentals). Today it definitely helped the dollar. However, as long as the pair stays above 1.4170 I am net bullish so I will look for buying opportunities, and sell any bounce off of 1.4350.

Trading Idea: Look for buying opportunities between support zones at 1.4175-1.4200. Long targets at 1.4270 and 1.4345.

EURUSD bounces of target support at 1.4272

The EURUSD fell through the support level at the 1.4304 to 1.4312 level and headed toward the target support level at the 1.4272 level ( . The low reached 1.4276 and has bounced back toward the 1.4300 level again. The downside remains favored with upside most likely contained by the 1.4304 to 1.4312 level. I would not expect the price to move back above this level, however. Look for seller against the level as the story of higher stocks and higher dollar takes hold.

Eurusd Heavy Selling

After it made rally this week today Eurusd make retracement..
maybe nextweek low..