Eur/Usd

[Gamabunta]

The euro against the dollar traded positively noticeable this morning to settle now above the 1.1100 barrier, which supports our expectations for the continuation of the bullish trend effectively to this day, waiting for a break of 1.1235 to provide a positive incentive for additional supports continuation of the bullish tendency.

In general, the positive scenario will remain in place to this day, unless the breach of 1.1050 and stabilizing below it.

[ducd3vaizo]

Daily Forecast

Major Trend: Bearish
Time Frame: H1
Reason: There are some areas that have not been corrected when viewed from a great tme frame. The area is located at 1.1204 and 1.1273, while stochastic has downward
Recommendation: Sell limit at 1.1204

[Gamabunta]

Keep a pair euro against the dollar on stability above 1.1050 after re-tested yesterday, to stay positive impact of the model double bottom in place and effective, waiting for a positive trading in the coming period, starting its main objectives at 1.1420, extending to 1.1600 after breaching the previous level.

A break of 1.1235 will facilitate the task of achieving the proposed goals, while breaking the 1.1050 level will put the price under further negative pressure on the intraday and short term.

Expected trading range for today between 1.1050 support and 1.1250 resistance range

[Ex.ness Support]

EURUSD: growth after the publication of the US Federal Reserve minutes

EURUSD
Mag. 21, 2015, 09:28
Buy on a level breakthrough of 1.1131 with 1.1204 target. Stop loss = 1.1071.

Reason for the trading strategy

The Federal Reserve meeting minutes for April have indicated a low probability of an increase of the US federal funds rate in June. Low growth of the US GDP in Q1 2015, inflation, which is well below the target level of 2%, and strong dollar do not allow the US Federal Reserve to proceed with a rapid tightening of monetary policy. The news is positive for the non-dollar assets.



EURUSD, H4

[Gamabunta]

Not much action today, traders will obviously await the Fed minutes.
From a graphical point of view, we remain hooked to 1.11 minutes and will dictate the trend. But we would be surprised if those minutes are used to initiate a directional movement.

[Gamabunta]

He was able the pair Eurodollar landing strongly since the beginning of the week, where almost the pair arrived in all South our goals and expect rebound of the euro at any moment because of the arrival of the pair to an area strong subsidies limit the decline also having an uptrend in front of the pair could have given the pair higher again until at least 1.1260 levels while keeping losses to halt the closure of 4 hours candle lowest low of 1.1000 psychological level.

[fxfibo]

result

analysis2014.blogspot.com/2015/05/eurusd_14.html

[Gamabunta]

Approaching the euro versus the dollar ****ually from the floor of pivotal support 1.1050, which represents the former neck piercing line pattern double bottom which shows the image, and as long as the price is above this level, we believe that opportunities will remain available to bounce up and resume the positive impact of the model mentioned and then head towards positive goals in the short term.

Now, the downward tendency will be temporarily likely to be re-tested the above level, taking into account that the pair break the 1.1050 would extend losses to reach 1.0850 next key target areas.

Expected trading range for today between 1.1050 support and 1.1250 resistance range

[ducd3vaizo]

Daily Forecast

Major Trend: Bearish
Time Frame: H1
Reason: Market has been rejected at the first support at 1.1118, and further predicted to touch the daily pivot point at 1.1197
Recommendation: Buy

[Gamabunta]

Settle trades the EUR against the dollar without the support of the intraday ascending channel broken this morning, and as we pointed out in the last technical Thaditna, turn downward intraday trading for the day, the target price retest the breached neckline advance to model the double bottom at 1.1050.

Therefore, downside bias would be expected the rest of the day what price has been unable to break through the level of 1.1300 and stability above it again, which will enable the price of the restoration of the main track rookie again.