Thread: Eur/Usd
EUR/USD INTRADAY: UNDER PRESSURE.
Pivot: 1.3025.
Most Likely Scenario: SHORT positions below 1.3025 with 1.2965 & 1.2945 in sight.
Alternative scenario: The upside penetration of 1.3025 will call for a rebound towards 1.305 & 1.3085.
Comment: the pair stands below its new resistance and remains on the downside, the RSI stands below its neutrality area.
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EURUSD its good pair and i think using this pair you can earn good profit and there is good pips profit if you know flow of market and can earn a good profit. mostly i use this pair for trading.
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The flight of 1.2625/41 substantiation zonal inform that miscarry from 1.3485, as good as the large respond from 1.4939 is resuming. Intramural prepossess is clearly on the downside and contemporary incline should now(who knows) aim 61.8% jut of 1.4246 to 1.2625 from 1.3486 at 1.2484 succeeding.
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today i like to sell this pair at maret price @ 1.3000
my stop loss of the day @ 1.3121
half take profit @ 1.2970
and half @ 1.2955
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From 03:54 24-Apr-2013 GMT
Till 07:54 24-Apr-2013 GMT
Buy
Buy at 1.2993
Take profit* at 1.3028
Stop loss at 1.2958
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EUR/USD: breaking neckline
The pair is trending down again today and we are approaching the neckline at 1.3007 of the sort of head-and-shoulders pattern which has been forming at the highs. A decisive break below 1.3000 would help provide confirmation of a break of the neckline. The initial target down would be to the 200-day MA situated at 1.2922, although eventually price will probably reach the H&S target at 1.2850, which is also at a major up-trend-line. A bullish reversal is looking highly unlikely and would have to break above 1.3075 to gain traction, then targeting 1.3185 to the upside.
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EUR / USD Closed at 1.3000 for Down Disappointing German PMI data
EUR / USD was unable to hold the pivot support at 1.3000 after German PMI data (47.9 actual vs. estimates of 49.0) came in below expectations. The correlation between EUR / USD and the stock continues to decline due to U.S. and European equity ignore the data and close the session sharply higher.
Market expectations of a rate cut by the ECB rose after German data weaker than estimated. We continue to expect a decision next ECB will remain a relief and hope that following today's data, there is a continuation in approximately 40-45% chance of an ECB rate cut next month.
HEuropean equity markets were higher on the prospect of cuts, while the EUR / USD has fallen back below 1.30. Peripheral European bond spreads and semi-core spreads continued to tighten. We think the outlook for ECB rate cut in May still based on IFO tomorrow, and then be confirmed by the Governing Council member Asmussen, who is speaking on Thursday and Friday and said over the weekend that the decision continues to be the dependent data. "
From a technical standpoint, closing below 1.3000 is a negative development and the pair needs to bounce back above the previous support pivot or could face further declines. According to Fan Yang, CMT of FXTimes, "At this point, a rally back above 1.3050 could neutralize the bearish outlook and short-term rally to above 1.3083 could reflect the rise of bullish outlook, the highest open at least 1.32. While the difference bullish RSI 30 is not required for a reversal back to the uptrend April, this could help to identify the end of the current cycle of bearish correction. "
Support: 1.2984, 1.2978, 1.2966
Resistance: 1.3020, 1.3014, 1.3002
Trend: Bullish
Overbought / Oversold: Neutral
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Analysis Eur/Usd using pivot indicator
Resistance 3: 1.3170
Resistance 2: 1.3126
Resistance 1: 1.3061
Pivot: 1.3016
Support 1: 1.2951
Support 2: 1.2906
Support 3: 1.2842
"24/04/2013"
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My analysis for today is - flat for most of the day, with slow downward movement. My target is 20 pips for today. Selling with TP at 1.2974.
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all indicators are showing bearish still in progress but both RSI and RVI move near low level and fast stochastic line are still not crossing slow line although both of these moving downward it means bullish is still not starting until these lines will cross each other near buy border 20 better to wait until this will happen
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