Eur/Usd

[pipseeker]

eurusd is broker a trend line on h4 and extented to its projected fibs target of 1,236.now i am expecting a correction in the lower time frame. and i will sell in third or seven swing of the corrective structure.

[aeksaid]

Decline should be supported around 1.1288 - 1.1270 zone for rally to above 1.1339. A clear break of 1.1270 will damage this expected rally.

Key Point 1.1283 Entry Point 1.1319
Trendline1 1.1303 Trendline2 1.1335
Elliott 1.1355 Closing 1.1306
Ex-Low 1.1303 Ex-High 1.1355
Projection 1.1271

Supports and Resistance levels

Support1 1.1288 Support2 1.1270
Resistance1 1.1339 Resistance2 1.1373
Pivot 1.1321

---------- Post added 08-25-2016 at 12:33 PM ---------- Previous post was 08-24-2016 at 04:33 PM ----------

There were no major developments across the forex board this Wednesday, as the market is waiting for FED's Yellen speech in the upcoming Jackson Hole Symposium, starting this Thursday. The dollar closed the day mixed, with the EUR/USD pair declining to fresh weekly lows of 1.1244, before recovering modestly, closing the day at its lowest in over a week. The decline lost steam after the release of worse-than-expected US data, as existing home sales decline in Jul by 3.2% to a seasonally adjusted annual rate of 5.39 million from 5.57 million in June.

The short term picture for the pair is bearish, with the 1 hour chart showing that the price has extended below all of its moving averages, and particularly the 20 SMA accelerating its slide, currently acting as a dynamic resistance at 1.1280. In the same chart, technical indicators have resumed their declines within negative territory and after correcting oversold readings, in line with a bearish continuation. In the 4 hours chart, the 20 SMA has turned south well above the current level, while the technical indicators have lost their bearish strength, but remain within negative territory.

Support levels: 1.1245 1.1210 1.1180

Resistance levels: 1.1300 1.1340 1.3075

---------- Post added 08-26-2016 at 11:58 AM ---------- Previous post was 08-25-2016 at 12:33 PM ----------

The dollar closed the day mixed, marginally lower against the common currency, but holding within familiar ranges, as the market waits for Yellen's speech this Friday. The EUR/USD pair advanced up to 1.1297 before retreating partially to settle around 1.1280, undermined by German's IFO survey, showing that the business climate suffered a setback in August, down to 106.2 from July�s 108.3. The assessment of the current situation fell down to 112.8 from previous 114.8, whilst the expectations sub-component fell to its lowest since October 2014, printing 100.1. In the US, weekly unemployment claims came in at 261K for the week ending August 19, better than the previous 262K and the 265K expected, showing that the labor market remains healthy. Orders for durable goods advanced by the most in almost a year, up by 4.4%, while ex transportation came un at 1.5% from previous -0.3%. The preliminary US Markit Services PMI, however, fell down to 50.9, showing that the sector's growth remains sluggish.

From a technical perspective, the pair has made no progress from previous updates, but the fact that it has been unable to regain the 1.1300 level inclines the balance towards the downside. In the 4 hours chart, the price has been capped by a now flat 20 SMA, currently at 1.1300, whilst the technical indicators head modestly lower within bearish territory, also in line with further slides. Anyway, upcoming direction will depend on how the market takes whatever Janet Yellen has to say on the timing of the next US Federal Reserve rate hike.

Support levels: 1.1245 1.1210 1.1180

Resistance levels: 1.1300 1.1340 1.3075

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[TheFxTrader]

Oscillates EURUSD below 1.1300 barrier, as long as the price is below the level of 1.1356, the outlook for the downside will remain for the day, with reference to the level that we are waiting for test 1.1196 before returning to rise again.

Recall that the expected drop will remain temporarily unless the breach of 1.1196 and stabilizing below it, while representing a breakthrough levels of 1.1356 and 1.1375 restore the main bullish trend that resides next target at 1.1615 key.

[Aleksey]

Euro has long balance and now it in the best point for open long for this long movement.

Look my every morning market review on my youtube channel
subscribe to my twitter https://twitter.com/alexbukuros

[TheFxTrader]

Euro versus Dollar pair shows sideways trading since the morning of his negativity on Stochastic, which gets rid of the negative intention is clearly to reach the cusp of oversold areas, to provide good opportunities to bounce up and resume the upward trend in the coming period.
*
Therefore, we will retain our outlook for the rest of the day uptrend support from the SMA 50, unless the breach of 1.1196 and stabilizing below it, with the next major recall our goal, which resides at 1.1356, which represents a break along the key upside wave to hit 1.1615.

[aahh]

this currency pair is giving me headache nowadays. I think it will go down for a bit....it might go up next week but so far I can see downtrend forming...well I can't be sure. But hourly trend is still in uptrend.

[shital]

As per i mentioned EURUSD index achieved all targets and other major currency also hit targets...

Now i think it's falling time book your profit as early as possible...

For more information connect with us...

EURUSD INDEX

EURUSD index hourly chart indicating reversal trend, you will see EURUSD 1.11886 – 1.12301 levels soon.
If it crossover or close below 1.11398 level you will see EURUSD 1.10 level.
USDCHF INDEX

USDCHF is generating selling pressure. This selling pressure will push down the USDCHF up to 0.97359 – 0.97229 – 0.97091 levels. 0.97649 level will drag up so be careful with this level.
GBPUSD INDEX

GBPUSD pair can come down up to 1.28766 – 1.27957 levels but don’t forget to keep eyes on event and this Tuesday event (U.K. Average Earnings Index +Bonus) is most important.

[Aleksey]

Euro did the not easy provocation for all who play in short in this big outset. But, it is still outset and that provocation which was, it is normal for range. I'm waiting the test last Friday provocation and after that movement to bottom of this outset.

Look my every morning market review on my youtube channel
subscribe to my twitter https://twitter.com/alexbukuros

[shital]

EURUSD INDEX

EURUSD index hourly chart indicating reversal trend, you will see EURUSD 1.11886 – 1.12301 levels soon.
If it crossover or close below 1.11398 level you will see EURUSD 1.10 level.
USDCHF INDEX

USDCHF is generating selling pressure. This selling pressure will push down the USDCHF up to 0.97359 – 0.97229 – 0.97091 levels. 0.97649 level will drag up so be careful with this level.
GBPUSD INDEX

GBPUSD pair can come down up to 1.28766 – 1.27957 levels but don’t forget to keep eyes on event and this Tuesday event (U.K. Average Earnings Index +Bonus) is most important.
USDJPY INDEX

USDCAD INDEX

USDCAD generating aggressive buying pressure will see 1.29739 – 1.29960 – 1.30251 levels soon.
Keep in mind USDCAD close below 1.29539 level, it will touch 1.29007 level definitely.
AUDUSD INDEX


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