EUR/USD Analyse

[evergreen22]

EURUSD
The EUR-USD currency pair has up off support at 1.4150 and is holding firm.

[magotokung]

Daily Graphic

[IMG]img3.imageshack.us/img3/1879/eurusd.gif[/IMG]

Target:1,2300

wow

[evergreen22]

hello every one
how are you all traders and how is ur trazding going?
have a nice trading day for all traders

[trendme82]

thats an interesting chart

[blissreel]

Please someone tell me where is the Euro going from here.

[grashid]

Please someone tell me where is the Euro going from here.

just a matter of kaboommmmm...1.4150 would be the test before going to 1.3350...

next week could retrace to the little bit up move where we may seen 1068 gold price will pull together with EU..

good luck

[siamang_gagap]

Date: 2009/12/28
Time: 14:01 (GMT +1)
Ticker: EUR
Last: 1.441
Pivot: 1.475
1st sup. 1.42
2nd sup. 1.38
3rd sup. 1.35
1st res. 1.475
2nd res. 1.495
3rd res. 1.52

Title: EUR/USD ST: under pressure
Summary: As long as 1.475 is not broken up, we favour a down move with 1.42 and then 1.38 as next targets.
Story: We move down our pivot point to 1.475.

Our preference: As long as 1.475 is not broken up, we favour a down move with 1.42 and then 1.38 as next targets.

Alternative scenario: Only the upside breakout of 1.475 will invalidate our bearish scenario. In this case, a recovery should shape towards 1.495 at first, and then 1.52.

Comment: The daily technical indicators are bearish and do not show any reversal signs.

Trend: ST decline; MT range.

Supports and resistances:
1.52 **
1.495 **
1.475 **
1.441 last
1.42 **
1.38 ***
1.35 **

[blissreel]

EUR/USD recovered further to 1.4578 last week but was limited by mentioned 38.2% retracement of 1.5143 to 1.4217 at 1.4571 and fell sharply since then. The development argues that consolidations from 1.4217 might have completed already. Initial bias is on the downside for 1.4266 support. Break there will suggest that whole decline from 1.5143 is resuming for 38.2% retracement of 1.2329 to 1.5143 at 1.4068 next. On the upside, above 1.445 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited below 1.4578 resistance and bring fall resumption.

In the bigger picture, medium term rise from 1.2456 has completed at 1.5143 on bearish divergence conditions in daily MACD. Focus now turns to 1.3737 cluster support (50% retracement of 1.2329 to 1.5143 at 1.3736). Decisive break there will also confirm the case that three wave consolidation from 1.2329 has finished at 1.5134 too. In other words, whole medium term term fall from 1.6039 should be resuming for a new low below 1.2329. On the upside, above 1.5143 resistance is needed to invalidate this view. Otherwise, outlook will now remain bearish.

In the long term picture, the lack of impulsive structure of the rise from 1.2329 argues that it's the second wave of the wide range correction that started from 1.6039. Another medium term decline could still be seen to 1.2329 and below. Break of 1.1639 support is possible based on 100% projection of 1.6039 to 1.2329 from 1.5143. But downside will likely be contained by 61.8% retracement of 0.8223 to 1.6039). After all, the long term up trend from 0.8223 is set to resume after completing the three wave medium term correction from 1.6039.

[blissreel]

Daily and 4H: The EUR/USD is heading back to the support of its consolidation. The stochastic in the daily has crossed and today’s price action seems to be very aggressive, though we still have a few hours to go.

Looking at the 4H time-frame, it will be interesting to see if the 78.6% retracement level at 1.4330 can hold. This may give way to a throwback scenario, which does not have to reach 1.4450, but it is a preferred scenario as this will make this previous support into resistance.

If the decline then continues a swing, it is projected to the 1.4200 area. If 1.4200 breaks, this is the decline to start the continuation towards the 1.37-1.38 area (61.8% retracement in the daily time-frame).

[DollarBull]

EURUSD returning up in daily RSI while AUD seems to have maxed. Go long small lot deep stoploss as this pair can be wild.

[blissreel]

Intraday bias in EUR/USD remains on the downside with 1.4445 minor resistance intact. Consolidations from 1.4217 might have completed already and further fall should be seen to 1.4266 support first. Break there will suggest that whole decline from 1.5143 is resuming for 38.2% retracement of 1.2329 to 1.5143 at 1.4068 next. On the upside, above 1.445 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited below 1.4578 resistance and bring fall resumption.

[blissreel]

Despite early rebound to 1.4580, the retreat from there suggests the recovery from 1.4218 has possibly ended and consolidation with downside bias is seen for test of support area at 1.4257-64, break there would confirm the decline from 1.5145 top has resumed for retest of 1.4219. then towards 1.4007-15 (previous support and 50% Fibonacci retracement of 1.2885-1.5145).

Our preferred count on the daily chart remains that a wave (B) from 1.2329 is unfolding with A-leg ended at 1.4720, followed by wave B at 1.2457, the wave C from there is also a 3 legged move and is labeled as (a): 1.3739, (b): 1.2885, the wave iii of the 5-waver (c) from 1.2885 has ended at 1.4339 and wave iv is a triangle ended at 1.3878 and wave v has ended at 1.5145.

Therefore, the decline from there is the beginning of the wave (C) with minor wave i of (C) now unfolding for indicated downside target, however, reckon support at 1.3878 would contain this wave i and bring wave ii correction later.

On the upside, recovery should be limited to 1.4450/60 and as long as resistance at 1.4580 holds, decline to aforesaid downside targets would be seen. A breach above resistance at 1.4580 would signal the wave i has already ended at 1.4218, then wave ii should bring correction to 1.4682 (50% Fibonacci retracement of wave i from 1.5145) and possibly towards 1.4791 (61.8% Fibonacci retracement).

[a99]

Hi Nacidogan, ilernt2, pipdoctor, if you guys dont mind kindly post your screening method


Thanks

[gangsta1]

yes i agree would be cool

[grashid]

Nice thread..I want EUR/USD long term signal.

http://forex-grashid.blogspot.com/20...july-2010.html

for the time being......just wait for the pull back to previous low then buy dip....

good luck

g