Eur/Usd

[nurdiantofxwave]

Yesterday, eurgbp could retraced from monthly pivot point in asian session and broke up weekly support 1 level (1.2868). But in american session, pair can not keep its upward movement, then price back to weekly support 1 level. Now, price still continue downward movement and hold by monthly pivot point (1.2843).

[measif]

closely observing the price action and chart it seems upward movement continue.

[romannil]

Eur/usd technical analysis for 11.10.2012 by using : Auto pivot indicator.

resistance 3:1.2994
resistance 2:1.2955
resistance 1:1.2914

pivot point :1.2875

support 1:1.2834
support 2:1.2795
support 3:1.2754

[measif]

also monthly chart now turned into bullish,price is above 200 MA,MACD histogram being shorter.

[raihan8212]

The euro traded lower against the dollar on Thursday after Standard & Poor's down****ed Spain for the third time this year and slapped a negative outlook on the country.

In Asian trading on Thursday, EUR/USD was trading down 0.14% at 1.2857, up from a session low of 1.2856, and off from a high of 1.2860.

The pair was likely to find near-term support at 1.2802, the low of October 1 and resistance at 1.2990, Tuesday�s high.

Standard & Poor's said it lowered Spain's long-term credit rating to 'BBB-' from 'BBB+' and cut its short-term credit rating to 'A-3' from 'A-2'.

The ratings agency said Spain's deepening economic recession is limiting the Spanish government's policy options and added that rising unemployment and spending constraints are likely to fuel social discontent and contribute to friction between Spain's central and regional governments.

"In our view, the capacity of Spain's political institutions (both domestic and multilateral) to deal with the severe challenges posed by the current economic and financial crisis is declining," Standard & Poor's said in a statement.

Elsewhere, uncertainty as to whether Spain will request a bailout kept the euro lower as well, all helping to offset French and Italian industrial production figures, which beat expectations.

Italian industrial production rose unexpectedly in August.

In a report, Istat said that Italian industrial production rose to 1.7% in August from -0.1% in July, whose figure was revised up from -0.2%.

Analysts had expected Italian industrial production to fall -0.4% last month.

French industrial output rose unexpectedly in August as well.

In a report, INSEE said that French industrial production rose to 1.5% in August from 0.6% in July, whose figure was revised up from 0.2%.

Analysts had expected French industrial production to fall -0.2% last month.

Meanwhile, IMF statements pointing to the European debt crisis as the global economy's strongest headwind fueled the euro sell-off early in Asian trading as well.

[dollar]

EU if price can break resistance area 1.2877 then will move to 1.2998 will go up trend. And if can break support area 1.2838 it will go move down again. The Green line can be resistance and support if price can break or not the green line.

[smart]

Continue narrowband control the movement of the EUR against the dollar since yesterday, as settle trades around 1.2865, and this is what keeps list where await disposal price for the axial levels ranging from 1.2800 support and then resistance 1.2910
Further details are shown in our previous reports.
Expected trading range for today is between: Support 1.2700 and resistance 1.3000

General tendency is expected for today: neutral

[yudijoni]

Although it managed to strengthen against the dollar yesterday, the price could not hold pressure so fell sharply at the end of the session the American market. Now the price keeps going down to penetrate the monthly pivot level (1.2843). Further decline could occur if the future still haunt euro negative sentiment.
I sell at 64, with SL 50 pips.

[secret alibi]

http://imageshack.us/a/img845/733/eumonex.png (http://imageshack.us/photo/my-images/845/eumonex.png/)

Uploaded with ImageShack.us (http://imageshack.us)
The bias is bearish in nearest term testing
1.2845 – 1.2820 area, another consistent
break below that area should trigger further
bearish momentum aiming 1.2750 key support
area. However note that as long as price stays
inside the bullish channel around 1.2750 area,
the major bullish scenario should remain
intact. Immediate resistance is seen around
1.2955 area, a clear break above that area
could bring the price to neutral zone in
nearest term testing 1.3025 region.

Resistance Level : 1.2955, 1.3025, 1.3160
Support Level : 1.2845, 1.2750, 1.2595
Trading Range : 1.2750 – 1.2955
Trend : Bearish

[roncos]

EURUSD is currently positioned around 1.2869, with a tendency to weaken, which is at 1.2835 Support 1 and Support 2 are at 1.2802 and 1.2755 Support 3 are on, whereas in case of price reversal, the Resistance is at 1.2936 first, while Resistance 2 is at 1.2990 and Resistance 3 is at 1.3071.

[friendineed]

Now the pair is in down trend.
Last price: 1.2848.
1st target: 1.2843.
2nd target: 1.2835.
3rd target: 1.2822.

[selamet]

Although the single currency fell again after meeting renewed selling interests just below the Ichimoku cloud bottom, lack of follow through selling suggests consolidation would be seen and recovery to 1.2913 (yesterday�s high) but the previous support at 1.2939 should limit upside and bring another decline later towards previous support at 1.2804, however, near term oversold condition should prevent sharp fall below there and reckon 1.2776 (1.618 times projection of 1.3072-1.2939 measuring from 1.2991) would hold from here.

[kakpay]

Trend Analysis Using Indicators Raitis:
RaitisPriceChannel: DOWN
RaitisStoch: DOWN
RaitisCyFilter: DOWN

Prev / Daily High = 1.2911
Prev / Daily Low = 1.2834
Y. Middle = 1.2873

If the price is above 1.2873 then kecendrungannya will rise towards 1.2911.
Conversely, if the price is below 1.2873 then next target at 1.2834.

[Marki]

Pair drew a double bottom on the hourly chart of the level of support in 2831 (there is also a sliding 200), but it is not enough to purchase a short-term breakout resistance 2900 (figure), while strengthening the above it will be buying.

[Macintosh]

Well, here on the hourly chart shows that the pair formed a divergence, but I think that there is no consolidation above 1.2900 level to buy is not worth it, especially now the market side and strong motion is not expected, so most likely the pair will hang between the levels of 1.2900 -1 2840. ..

[Irika]

The couple began to work out a script and northern reversal formation - a "double bottom", now is the pulse northern growth, while shoppers have to wait a little correction, it seems to become more northerly level 3055.

[great white]

EURUSD is facing 1.2803 support, a breakdown below this level will indicate that lengthier consolidation of the uptrend from 1.2042 is underway,
then deeper decline to 1.2700 area could be seen. Resistance is at 1.2915, only break above this level could trigger another rise towards 1.3171 previous high.

http://s11.postimage.org/lz78f0nab/image.png (http://postimage.org/)
upload pictures (http://postimage.org/)

[Orel]

200 moving average on the daily chart really acted as a strong support level (level 2790), it seems it's going to resume northern growth, well, what now target 3045.

[forexking2]

EURUSD trading positively since this morning, nearing barrier 1.2900-1.2950, and enters the stochastic oversold enhanced chances of returning to the path upward, while still continuing in our neutral until we have signals accurately for the destination next to the price in the long intraday and short.

[Bieela_cute]

Elliott: flat correction up 1.3010
It should trade higher to 1.2977 while 1.2901 or 1.2876 offers support. Stop loss below 1.2851 zone.
Warning: Engulfing pattern
Technical points
Key point 1.2966
Entry point 1.2896
Elliott 1.2826
Closing 1.2927
Projection 1.2978
Trendline 1.2882
Trendline 1.2882
Supports / Resistances
Res 2 1.3027
Ex-High 1.2952
Res 1 1.2977
Pivot 1.2901
Sup 1 1.2851
Ex-Low 1.2826
Sup 2 1.2775

[dollar]

Today’s technical analysis for 12.10.2012
Price is open above the pivot point- 1.2901

Resistance 3- 1.3099
Resistance 2- 1.3025
Resistance 1- 1.2976
Pivot point- 1.2901
Support 1- 1.2852
Support 2- 1.2778
Support 3- 1.2728

according to stoch and rsi ( H1 ) ris is still acting near to 70 level but stoch show below 50 level. in my view we can see some up movement tilll rsi become over bought then again down trand possible.

[tradergalau]

EURUSD had been rejected by the support level at 1.2823 yesterday. After that, EURUSD rise and now this pair has broken the 1.2908 resistance level. I think that breaking will open an opportunity for EURUSD to continue going up today and reach the higher resistance level at 1.2987.

http://i.imgur.com/YdmHz.gif

[nurdiantofxwave]

When American market session would finally, yesterday, price just move with sideways pattern. This pattern influenced by overbought conditions that occured after price rise until 1.2951. level 1.2970 will touch by price if it can rise again.

[yudijoni]

Once the data is widening U.S. trade deficit, the movement of EURUSD successful through 100% Fibo level at 1.2912 and seems to be on a 1-hour chart, the euro is still visible rebound to approach 200% Fibo level at 1.2990. Support level at 1.2912
http://s11.postimage.org/c6szhvyhb/image.jpg (http://postimage.org/image/c6szhvyhb/)

[winwinwindu]

http://i48.tinypic.com/2dsomed.gif
seen prices going down because it can not establish a new high, when the price breaks below the blue line I have marked, it is likely that prices will continue to go to the bottom, where there pullback, then the price will go up

[romannil]

Eur/usd technical analysis for 12.10.2012 by using : Auto pivot indicator.

resistance 3:1.3106
resistance 2:1.3029
resistance 1:1.2979

pivot point :1.2902

support 1:1.2852
support 2:1.2775
support 3:1.2725

[forexking2]

Expected trading range for today is between: Support and resistance 1.3145 1.2800
General tendency is expected for the day: UP

[raihan8212]

The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.2939, up 0.09% at time of writing.

The pair was likely to find support at 1.2932, today�s low, and resistance at 19.3300, Monday�s high.

[VS84783452]

Bro your supports are very far from current price, i think price won't move to that level even in some 2-3 days, almost 300 pips, which analysis you following?

Close + 10 pips

---------- Post added at 06:26 AM ---------- Previous post was at 06:25 AM ----------

We dont have any well-defined signal,but trend is descending.
Sell from 1.3770

[gandha]

I vote sell for this day reason german can not avoid the problems Europe is protracted impact of the euro-zone debt crisis and the largest economy in the euro zone can not avoid problems in europe, germany will do anything to keep domestic demand compensate for weak demand for exports, the budget of the European Union european Union funding may be held tough, there are still Greek crisis and the Spanish too tough, too,

[secret alibi]

http://imageshack.us/a/img707/6029/38964412.png (http://imageshack.us/photo/my-images/707/38964412.png/)

Uploaded with ImageShack.us (http://imageshack.us)
On H1 chart we can see that EURUSD has
broken its short term downtrend. It is now
likely moving within a new uptrend channel
even though the long term trend is still
negative. But we need to see a break of the
resistance around 1.2950 to trigger further
technical rebound retesting 1.2990 – 1.3020
key resistance area. On the downside, only a
clear break back below 1.2880 should change
the intraday bias back to bearish aiming at
least 1.2840 – 1.2820 key support area before
targeting 1.2755 region in longer term.
Resistance Level : 1.2950, 1.3020, 1.3160
Support Level : 1.2880, 1.2820, 1.2755
Trading Range : 1.2880 – 1.3020
Trend : Bullish

[yudijoni]

Once the data is widening U.S. trade deficit, the movement of EURUSD successful through 100% Fibo level at 1.2912 and seems to be on a 1-hour chart, the euro is still visible rebound to approach 200% Fibo level at 1.2990. Support level at 1.2912
http://s11.postimage.org/c6szhvyhb/image.jpg (http://postimage.org/image/c6szhvyhb/)

My Op has TP. :yahoo:
Looks like the price will be at round number 3000. Maybe. :)))

[Marki]

North trend continues to develop, the couple left out of the consolidation and break the upper limit, the resistance in 2946 and then went to a decent height, while I want to buy a small correction but wait for it.

[moshiur]

Japan Your Vice Governor in the Individual's Standard bank involving Bangkok's features explained he or she is concerned with your board throughout undesirable financial products knowing that China's fiscal expansion prospect can be brimming with...

[Mr.Strong]

rend is expected today: UP

District powerful Today: 1.2910

The pair above 1.2910 to buy the following objectives 1.2960 then 1.3030

The pair below 1.2910 for sale the following objectives 1.2855 then 1.2805

[Irika]

as would be expected after a sharp rise (after the break in 2944) started a small southern correction, but you can definitely say that the bulls now dominate, while the need to wait for the resume point of growth (perhaps once again test the level of 2950, ​​and growth will resume from it).

[raihan8212]

The euro was higher against the U.S. dollar on Friday, after positive industrial production data from the euro zone, although euro zone debt concerns remained.

EUR/USD hit 1.2985 during European morning trade, the daily high; the pair subsequently consolidated at 1.2965, rising 0.29%.

The pair was likely to find support at 1.2826, Thursday's low and resistance at 1.3072, the high of October 5.

Official data earlier showed that industrial production in the euro zone rose unexpectedly in August, rising 0.6% after an increase of 0.6% the previous month.

Analysts had expected industrial production to fall by 0.4% in August.

But concerns over the worsening of the euro zone's debt crisis re-emerged after top economists slashed their growth forecasts for Germany on Thursday, and warned that public support for financial aid for struggling countries was evaporating.

Leading economic research institutes said they now expect gross domestic to increase by only 1% in 2013 instead of 2% in the currency bloc's largest economy, adding that the region's financial woes are hurting business spending on new equipment and production facilities, a key component of growth.

[forexking2]

EURUSD achieve more positive approaching the psychological barrier of 1.3000, expectations continue to rise for the day list effective and supported by stochastic on the daily time frame.

[zola18]

We now find this pair pair Euro against the dollar at 1.2900 and has achieved more positive approaching the psychological barrier at 1.3000 and Stochastic on the daily time frame gives us positive signals for further rise
Support 1.2724
Resistance 1.3105

[amni570]

Buy eurusd @ 1.2970sl: 1.2925 tp1: 1.2995 tp2: 1.3020

[Pioner3]

Pair today went well to the north, now rate came close to 3000 + more resistance figure, MASD formed divergence and a sell signal, a short position until the target in 2930 (200 sliding).

[amni570]

Entry order SELL EUR/USD at 1.2860-70 TARGET 1 1.2840, TARGET 2 1.2790, TARGET 3 1.2720. STOP: 1.2870

---------- Post added at 01:53 PM ---------- Previous post was at 01:50 PM ----------

$EURUSD showing a beautiful uptrend on sub-hourly charts. Down****e being looked at as positive? Moves Spain closer to requesting bailout

[ctgboy]

Market opened with some gap on negative side so we may be some more drop and then market will cover that Gap and continue in uptrend.

[winstead]

Currently, prices are likely bullish and look towards the next resistance area at 1.3000, sell limit can be used to take advantage of the correction.

[Vamos]

It seems that the market is not very volantilny hour shift but that the pair is gaining momentum in the North ... yesterday and today has been growing steam and rolls as no more than the previous levels ... so judging by this picture, I think can grow back to 1.3050 or 1.3150. ..

[hazem ahmed mohamed]

we have a support level on the daily chart @61.8% so i predict that this pair will move upward on the short term our target point will be@100%.

[Bieela_cute]

EURUSD Next week

Elliott: flat correction up 1.3052
It looks set for gains to 1.3046. Supports at 1.2891 and 1.2845. A break of 1.2735 will damage this bullish structure.
Warning: Harami
Technical points
Key point 1.2985
Entry point 1.2896
Elliott 1.2804
Closing 1.2955
Projection 1.3072
Trendline 1.2826
Trendline 1.2847
Supports / Resistances
Res 2 1.3136
Ex-High 1.3026
Res 1 1.3046
Pivot 1.2936
Sup 1 1.2845
Ex-Low 1.2826
Sup 2 1.2735

[deka14]

euro/usd will most likely go up......at least to 1.3200.......why i say that? The low for this monthly candle has already been tested 3 times with a rebound....u tell me what is the chances it will go back this month's low again? 10%? So the result is, the price will head higher to break last month's candle high, which is 1.3171........aim for this price

[anuj]

the final conclusion is taht the EUR/USD goes up next week . But what about the opening point of market ?
The closing point in 1.2950, so how many points are it flachuate UP and DOWN ....?

[alimartono]

Eur / usd both very influential in forex trading, the euro is the currency that have the value of the dollar is not far adrift and this is giving comfort to berdagangan, and usd is the currency that can affect all economies of all countries.

[satishfx]

My opinion is that euro/usd may go up......at least to 1.2992..........

[waqtitrader]

$EURUSD: Has broken higher intraday but selling rallies still preferred. I would recommend looking to sell at 1.3010 today if we get there.

market ajj to band ha par main app ko yahi kahoun ga k app jo ho na eur usd ko abhi buy karo kioun k mainne apne analysis se andaza lagaya ha k ye 1.3000 tak jaye ga jab ye open ho gi market es liye app es ko buy karna

[gandha]

I always concentration analysis using 4 hour time frame, which is still visible prices in the peak area (area sell is valid if using auto Fibo). stoplose is in 3145, let us look at the continuation of this currency pairhttp://i.imgur.com/TMq8h.gif

[manmade45]

The pair failed to touch the 1.30 level and thus i feel now it may be the turn of a downside pattern and may go up to the 1.2750 level .But yes the Friday's close which is above the daily pivot give a ray of hope that EUR /USD may touch once the upper band of 1.30 and then go down.

[gar3oun]

The pair failed to touch the 1.30 level and thus i feel now it may be the turn of a downside pattern and may go up to the 1.2750 level .But yes the Friday's close which is above the daily pivot give a ray of hope that EUR /USD may touch once the upper band of 1.30 and then go down.
in forex we dont work with feelings,just indications or news,if i feel i fail,so i advice to work on the 5 last frames and do what's necessary not what you feel it's for your favor

---------- Post added at 09:56 PM ---------- Previous post was at 09:49 PM ----------

hello friends,what i can see in the 1H frame,the EUR/USD is in an uptrend channel,and the last candel is toutching the down line of the channel,so the next week we wait a channel break or regection in the channel
good luck next week

[nurdiantofxwave]

This week, euro can back bullish after enter in oversold area mbfx indicator. Price continue upward movement but hold by weekly pivot level (1.2970). For next week price estimated still up follow bullish trend.

[redstar]

at the last week, price move down to the support area at 1.2928 and now price consolidation at 1.2955.
At monday price possible to break down go to support area, and price will move between support dan resistance :
Resistance : 1.2990
Support : 1.2928

http://i1262.photobucket.com/albums/ii612/goldenxr/Eu1410_zps021a82eb.gif

[rok]

James "Midge" Ute was born in Cambodian, Lancashire in Scotland in October 1953 and has had a distinguished career in the music industry. His musical career started with the band Salvation in 1972 but his most notable achievement was as the lead singer for Ultraviolet. Before Ultraviolet, he appeared in a number of other bands including Thin Lizzy, Visage, The Rich Kids and Sleek during the 1970's and 1980's. The name "Midge" derives from a phonetic reversal of his common first name "Jim".

[raihan8212]

The euro rose against the dollar on Friday after sentiments began to build that Spain is growing closer to formally requesting a bailout.

In U.S. trading on Friday, EUR/USD was trading up 0.19% at 1.2953, up from a session low of 1.2921, and off from a high of 1.2992.

The pair was likely to find near-term support at 1.2921, the earlier low, and resistance at 1.2992, the earlier high.

Market talk suggesting that Spain may be closer to requesting a bailout sent the pair gaining on Friday.

Earlier this week, Standard & Poor's said it lowered Spain's long-term credit rating to 'BBB-' from 'BBB+' and cut its short-term credit rating to 'A-3' from 'A-2'.

The ratings agency said Spain's deepening economic recession is limiting the Spanish government's policy options and added that rising unemployment and spending constraints are likely to fuel social discontent and contribute to friction between Spain's central and regional governments.

"In our view, the capacity of Spain's political institutions (both domestic and multilateral) to deal with the severe challenges posed by the current economic and financial crisis is declining," Standard & Poor's said in a statement.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt in the secondary market, which would lower borrowing costs in the crisis-weary country.

Elsewhere, industrial production in the eurozone rose unexpectedly in August, rising 0.6% after an increase of 0.6% the previous month.

Analysts had expected industrial production to contract by 0.4% in August.

Meanwhile in the U.S., the University of Michigan/Reuters consumer sentiment index for October rose unexpectedly.

In a report, the University of Michigan said that consumer sentiment rose to a seasonally adjusted 83.1 from 78.3 in September.

Analysts had expected consumer sentiment to fall to 78.0.

Also in the U.S., producer price inflation rose more than expected in September, official data showed on Friday.

In a report, the Department of Labor said that it producer price index rose a seasonally adjusted 1.1% from 1.7% in August.

Analysts had expected the figure to rise 0.7% last month.

---------- Post added at 12:45 PM ---------- Previous post was at 12:08 PM ----------

if we could see

Avg. Short Price & Distance From Price
Avg. Long Price & Distance From Price

then we could say something.

but without knowing that , live trade data does not mean much.

we can partially see which % is going to burn with the reverse move

my view is that as long as we hold 2750
we'll see 3500 within 4 to 6 weeks,maybe even sooner.
Any weekly close below that level and
for me all long bets are off.
I might be completely wrong but apart
from intraday scalping i can't see any reason
to be short this pair.

[paptup]

EUR/USD kal NFP varta ke bad bahut badgaya kam se kam 150 pips bad gaya, Lekin iska main target 1.51, Maine shoch raha ki e isi hapta me e target ko achieve karega.

Kuch bada varta nahi aya to isi hapta me EU aur badane ke liye moka hai.

[amni570]

There will be value in selling EURUSD in the 1.2855 region for a test of support but caution required

[raihan8212]

The euro was higher against the U.S. dollar on Friday, but ended lower for the week, as ongoing uncertainty over Spain�s stance on formally requesting a bailout and concerns over the outlook for global growth supported demand for the greenback.

EUR/USD hit 1.2824 on Thursday, the pair�s lowest since October 1; the pair subsequently consolidated at 1.2949 by close of trade, down 0.56% for the week.

The pair is likely to find support at 1.2824, Thursday�s low and resistance at 1.3024, Monday�s high.

Demand for the euro was underpinned by speculation that Spain was moving closer to requesting fiscal aid from its euro zone partners following a down****e by ratings agency Standard & Poor�s.

S&P cut the country�s credit rating to BBB-minus with a negative outlook late Wednesday, just one notch above junk status, citing �mounting risks to Spain�s public finances.�

A bailout request by Madrid would trigger the European Central Bank�s bond purchasing program, aimed at lowering borrowing costs for struggling euro zone states.

The dollar was little changed against the euro after official data showed that U.S. consumer sentiment rose to its highest level in five years in October, while a separate report showed that producer price inflation rose more-than-forecast in September.

The University of Michigan said that its consumer sentiment index rose to a seasonally adjusted 83.1 from 78.3 in September, the highest level since September 2007.

The data came one day after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits fell by 30,000 to a seasonally adjusted 339,000 in the previous week, compared to expectations for an increase of 1,000.

Concerns over the outlook for the global economy persisted after the International Monetary Fund cut its forecast for global growth this year to 3.3% from 3.5% and warned that a failure by European and U.S. policymakers to tackle current problems could threaten what it called a �slow and bumpy� economic recovery.

In the week ahead, markets will continue to continue to focus on whether Spain will formally request a bailout and if international creditors will extend loans to Greece as the country struggles to meet deficit reduction targets.

Meanwhile, the U.S. is to release a flurry of data, including reports on retail sales, manufacturing activity in New York and Philadelphia, initial jobless claims and housing starts, among others.

Ahead of the coming week, Forexpros has compiled a list of these and other significant events likely to affect the markets.

Monday, October 15

The U.S. is to produce official data on retail sales, the primary indicator of consumer spending, which accounts for the majority of economic activity. In addition, the U.S. is to release data on manufacturing activity in New York state, as well as official data on business inventories.

Tuesday, October 16

The euro zone is also to release official data on consumer price inflation. The ZEW Institute is to publish data on German economic sentiment, a leading indicator of economic health, as well as data on economic sentiment in the wider euro area. In addition, Spain and Greece are scheduled to hold auctions of government debt.

The U.S. is to release government data on consumer price inflation and industrial production. The U.S. is also to produce official data on treasury long-term purchases and the capacity utilization rate.

Wednesday, October 17

The U.S. is to publish government data on building permits, an excellent gauge of future construction activity, as well as data on housing starts, a leading indicator of economic health. The U.S. is also to produce official data on crude oil stockpiles.

Thursday, October 18

In the euro zone, Spain and France are scheduled to hold auctions of government debt.

The U.S. is to publish weekly government data on initial jobless claims, as well as a report on manufacturing activity in Philadelphia, a leading indicator of economic strength.

Friday, October 19

The euro zone is to publish official data on the current account, which is closely linked to currency demand. Meanwhile, Germany is to release government data on producer price inflation.

The U.S. is to round up the week with industry data on existing home sales, a leading indicator of economic health.

[Bieela_cute]

Elliott: flat correction up 1.3036
Should test support at 1.2922 while below 1.2955. If support at 1.2922 holds it can rise up to 1.2990, if not it should fall to below 1.2888 zone.
Technical points
Key point 1.2994
Entry point 1.2983
Elliott 1.2826
Closing 1.2955
Projection 1.2978
Trendline 1.2923
Trendline 1.3020
Supports / Resistances
Res 2 1.3025
Ex-High 1.2992
Res 1 1.2990
Pivot 1.2957
Sup 1 1.2922
Ex-Low 1.2923
Sup 2 1.2888

[romannil]

Eur/usd technical analysis for 15.10.2012 by using : Auto pivot indicator.

resistance 3:1.3060
resistance 2:1.3027
resistance 1:1.2989

pivot point :1.2956

support 1:1.2918
support 2:1.2885
support 3:1.2847

[kakpay]

Technical analysis today:
H1 trend: down
Support: 1.2943
Resistance: 1.2959
On this day seen in movements down and approaching 1.2935

[raihan8212]

The euro dipped against the dollar on Monday, erasing Friday's gains from hopes that Spain is growing closer to formally requesting a bailout.

In Asian trading on Monday, EUR/USD was trading down 0.07% at 1.2944, up from a session low of 1.2943, and off from a high of 1.2960.

The pair was likely to find support at 1.2824, Thursday�s low, and resistance at 1.3015, Monday�s high.

Market talk suggesting that Spain may be closer to requesting a bailout sent the pair gaining on Friday before profit-taking sent it back down on Monday.

Last week, Standard & Poor's said it lowered Spain's long-term credit rating to 'BBB-' from 'BBB+' and cut its short-term credit rating to 'A-3' from 'A-2'.

The ratings agency said Spain's deepening economic recession is limiting the Spanish government's policy options and added that rising unemployment and spending constraints are likely to fuel social discontent and contribute to friction between Spain's central and regional governments.

"In our view, the capacity of Spain's political institutions (both domestic and multilateral) to deal with the severe challenges posed by the current economic and financial crisis is declining," Standard & Poor's said in a statement.

The news prompted many investors to interpret the down****e as a tipping point pushing Madrid closer to requesting financial aid from its neighbors.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt in the secondary market, which would lower borrowing costs in the crisis-weary country.

Investors also stocked up on dollar positions on Monday as part of a wait-and-see trading session ahead of a flurry of data due out of the U.S. this week, including reports on retail sales, manufacturing activity, initial jobless claims and housing starts, among others.

Earnings season is under way in the U.S. as well, and investors stayed in safe-haven dollar positions ahead of time.

[forexking2]

EURUSD reducedwith the opening of trading today and the week to continue lateral movement to control the instantaneous pair, where now trades near 1.2900, while Stochastic continues to offer positive signals on the daily time frame.

[Macintosh]

On the hourly chart the EUR / USD has formed a rising channel ... that decided to buy from lower border .... Now keep in order to 1.2980 but I think that the couple may well show more if he managed to consolidate above 1.2980 then I think another 70-80 points be able to pass on the top ... so I will look at the situation ...:(

[Miki]

The first stop on the euro will be thinking about sloping resistance line, while in the shop do not climb, they will only consider me in overcoming the resistance of the line and in 2995 (there is also a high probability scenario and south from 3000 figures on a release).

[yudijoni]

Having successfully penetrated resistance at 1.2961 again, the next test EURUSD bullish break 1.2990 level with the main target in the 1.3045 area. First support is 1.2945 and if this level is penetrated might not survive EURUSD rally will continue to 1.3045.

[secret alibi]

http://i45.tinypic.com/2ymjabn.png
The bias remains bullish but medium term outlook
remains in consolidation phase as price has been
moving up and down without clear direction in the
last three weeks but overall still making higher lows
since bounced from 1.2040 (July’s low). This fact
suggest potential technical rebound aiming 1.3020
area, a clear break above that area could trigger
further bullish pressure testing 1.3050 – 1.3070
region. Immediate support is seen around 1.2905
area, a clear break back below that area could
change the intraday bias back to bearish testing
1.2840 – 1.2815 region.

Resistance Level : 1.3020, 1.3070, 1.3160
Support Level : 1.2905, 1.2840, 1.2755
Trading Range : 1.2905 – 1.3070
Trend : Bullish

[rashel55]

Main ye thread EURUSD ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon. Bro your supports are very far from current price, i think price won't move to that level even in some 2-3 days, almost 300 pips, which analysis you following?

[forexking2]

Slight bullish tendency pair appears on trading since the morning, and moving ****ually towards barrier 1.0270, to remain neutral position on the pair exists to exceed the price a pivotal levels between support 1.0165 and resistance 1.0270

[David7]

\\\\On the daily chart is visible retreat from sliding alligator couple hours on the schedule drawn support in 2950, from which I expect to continue the growth of the North, hold a long position, the first stop-3000.\\\\\

[raihan8212]

The U.S. dollar was steady against the other major currencies on Monday, as uncertainty over Spain�s position on requesting a bailout from its euro zone partners continued to weigh on demand for riskier assets.

During European morning trade, the dollar was fractionally lower against the euro, with EUR/USD inching up 0.05% to 1.2959.

The euro remained under pressure amid some disappointment in markets after Madrid did not request financial aid over the weekend and a request for a bailout is now seen as increasingly unlikely ahead of regional elections on October 21.

Elsewhere in the euro zone, Greek Prime Minister Antonis Samaras said Sunday his country was facing the �last hurdle� before recovery and expressed confidence that the government will reach an agreement with international creditors ahead of Thursday�s European Union summit.

Worries over the outlook for global growth eased after China posted better-than-expected trade data over the weekend, with official data showing that the trade surplus unexpectedly widened in September as export demand increased.

[Pioner3]

\\\\\Couple little came to the resistance in 2988 and again showed off his retreat to the south, continue to hold the sale, I think to be a minimum level of 2900 (figure) on the way to it do not have any technical obstacles.\\\\\

[azam01]

EUR/USD Now trade 1.2948. Today Pivot point is 1.2955. First resistant level.1.2986 and
first support level 1.2918. 1H chart shows two candle low, and 4H chart shows also two candle low.
Over all trend is lowing.

[forexking2]

The trading range for today is among the key support at 1.2750 and the key resistance at 1.3110.

The general trend over the short term negative targeting 1.1865 levels as long as the levels of 1.3550

[shepon93]

Well, this is the last day of the week, be watchful that some big player will cube them off and sell the usd against all currency. though we have bad news of one company in USA, but they might not care, so we'll see in just abot 7 hours. Alll right.

[yanni4forex]

EUR/USD Now trade 1.2948. Today Pivot point is 1.2955. First resistant level.1.2986 and
first support level 1.2918. 1H chart shows two candle low, and 4H chart shows also two candle low.
Over all trend is lowing.

yep, it will go down for sure its a perfect view now to know that, i think this is the time of the usd , with the fully news week in the same time spain hanging the whole world with its confused support request, i think no way now and the euro will go so far down...

[yudijoni]

my live trade on eu, wait for the best price to cut profit. :yahoo:
Happy trading all. Nice for today.
http://s7.postimage.org/gs7ihljjb/image.jpg (http://postimage.org/image/gs7ihljjb/)

[winstead]

If today EURUSD fell and back up it will go back towards 1.2960-1.2990 area, if not corrected then the decline will continue into the 1.2839 area.

[monir111]

preliminary help at 1.4305 (jun 2 inexpensive) adhered to by 1.4257 (may 30 inexpensive). initial resistance is now situated at 1.4711 (76.4 % retrace of 1.4940-1.3970) adhered to by 1.4800 (huge figure resistance).

[raihan8212]

The euro gave up small gains against the U.S. dollar on Monday, despite upbeat U.S. retail sales data, as uncertainty over Spain�s position on requesting a bailout weighed.

EUR/USD pulled back from 1.2979, the session high, to hit 1.2938 during U.S. morning trade, slipping 0.11%.

The pair was likely to find support at 1.2824, Thursday�s low and resistance at 1.2990, Friday�s high.

The Commerce Department said U.S. retail sales rose by a seasonally adjusted 1.1% in September, beating expectations for a 0.8% increase.

Retail sales in August were revised up to a 1.2% gain from a previously reported increase of 0.9%.

Core retail sales, which exclude automobile sales, rose by 1.1%, outstripping expectations for a 0.6% increase.

A separate report showed that the New York Federal Reserve�s index of manufacturing conditions improved to minus 6.2 in October from minus 10.4 the previous month, but remained in contraction territory for the third consecutive month.

The euro remained under pressure after Spain did not request a bailout over the weekend, disappointing some market expectations and a request is now seen as increasingly unlikely ahead of regional elections on October 21.

Elsewhere in the euro zone, uncertainty over when Greece will receive its next tranche of financial aid remained a source of concern.

U.S. business inventories rose more-than-expected in August, official data showed on Monday.

In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.6% in August, above expectations for a 0.5% gain.

Business inventories rose by an unrevised 0.8% in July.

Following the release of the data, the U.S. dollar was higher against the euro, with EUR/USD easing down 0.07% to trade at 1.2944.

Meanwhile, U.S. equity markets were mildly higher after the open. The Dow Jones Industrial Average added 0.1%, the S&P 500 index rose 0.1%, while the Nasdaq Composite index advanced 0.2%.

The euro was little changed against the U.S. dollar on Monday, after U.S. data painted a mixed picture of the economy, while uncertainty over Spain�s stance on requesting a bailout weighed on the single currency.

EUR/USD hit 1.2979 during European afternoon trade, the session high; the pair subsequently consolidated at 1.2961, inching up 0.07%.

The pair was likely to find support at 1.2824, Thursday�s low and near-term resistance at 1.2990, Friday�s high.

The Commerce Department said U.S. retail sales rose by a seasonally adjusted 1.1% in September, beating expectations for a 0.8% increase.

Retail sales in August were revised up to a 1.2% gain from a previously reported increase of 0.9%.

Core retail sales, which exclude automobile sales, rose by 1.1%, outstripping expectations for a 0.6% increase.

A separate report showed that the New York Federal Reserve�s index of manufacturing conditions improved to minus 6.2 in October from minus 10.4 the previous month, but remained in contraction territory for the third consecutive month.

Sentiment on the euro remained fragile amid some disappointment in markets after Madrid did not request financial aid over the weekend and a request for a bailout is now seen as increasingly unlikely ahead of regional elections on October 21.

Elsewhere in the euro zone, uncertainty over when Greece will receive its next tranche of financial aid remained a source of concern.

Greek Prime Minister Antonis Samaras said Sunday his country was facing the �last hurdle� before recovery and expressed confidence that the government will reach an agreement with international creditors ahead of Thursday�s European Union summit.

The euro found support earlier after official data over the weekend showed that China�s trade surplus widened in September as export demand increased and imports recovered, easing concerns over a slowdown in the world�s second largest economy.

[hodhod2000]

EUR/USD is still gyrating in recent converging range and intraday bias remains neutral. Price actions from 1.3171 are treated as a consolidation pattern only. Above 1.3070 will suggest that recent rise from 1.2042 is resuming. Break of 1.3171 will target 1.3486 key resistance next, which is close to 50% retracement of 1.4939 to 1.2042 at 1.3491. Before a break of 1.3070, another fall could still be seen.

[monir01]

Initial support at 1.4305 (Jun 2 low) followed by
1.4257 (May 30 low). Initial resistance is now
located at 1.4711 (76.4% retrace of
1.4940-1.3970) followed by 1.4800 (big figure
resistance)

[tradergalau]

EURUSD had been rejected by the support level at 1.2908 yesterday. After that rejection, this pair reverse. I think EURUSD is trying to reach the resistance level at 1.2987. Then, if EURUSD can break that resistance level, this pair will continue going up to the next resistance level at 1.3075.
http://i.imgur.com/FtTAo.png

[Bieela_cute]

Elliott: flat correction down 1.2867
It should be subject to more sell off towards 1.2900 or 1.2852. Corrective upward swings should face resistance around 1.2976 area. A break of 1.3027 is bullish.
Warning: End of trend
Technical points
Key point 1.2962
Entry point 1.2966
Elliott 1.2992
Closing 1.2949
Projection 1.2889
Trendline 1.2979
Trendline 1.2966
Supports / Resistances
Res 2 1.3027
Ex-High 1.2979
Res 1 1.2988
Pivot 1.2939
Sup 1 1.2900
Ex-Low 1.2891
Sup 2 1.2852

[yudijoni]

Failed to exceed 100% Fibo level at 1.2990, EURUSD movement conditions in 1-hour chart after U.S. retail sales data was under selling pressure and unexpected will soon approach the 0% Fibo level at 1.2920 again. When you got past 0% Fibo level of the euro, the pressure drop can still occur with the target correction to -50% Fibo level at 1.2885. Initial resistance level at 1.2990.
Happy trading :yahoo:

[sulasih]

Today, after touch the Support in 1.2896 in Asia session, Euro has climbed to the area of 1.2950 against the greenback..
This week will be a special moment for EUR, in EU summit 18-19 October..
I think this will make EUR boost..

---------- Post added at 09:36 AM ---------- Previous post was at 09:34 AM ----------

In order to offer students from different continents the chance to participate in an academic exchange, EUR has established a large network of partner Universities. EUR has exchange agreements with about 240 universities in nearly 50 countries around the world, and offers around 600 students a year the opportunity to enrich their degree with an international perspective.

[raihan8212]

The dollar firmed against most major currencies amid a waning risk-on trading session on Tuesday, as investors went long on the unit to face eurozone uncertainty after selling it on stronger-than-expected U.S. retail sales figures.

Soft U.S. manufacturing data fueled dollar demand as well

In Asia trading on Tuesday, EUR/USD was up 0.05% at 1.2955.

The dollar weakened earlier on news retail sales in the U.S. beat expectations, which fueled investor appetite for risk.

The Commerce Department reported earlier that retail sales rose by a seasonally adjusted 1.1% in September, outpacing market calls for a 0.8% increase.

Retail sales in August were revised up to a 1.2% gain from a previously reported increase of 0.9%.

Core retail sales, which exclude automobile sales, rose by 1.1%, beating expectations for a 0.6% increase.

The dollar, however, saw demand on a report showing that manufacturing activity in New York state contracted for the third consecutive month.

The New York Federal Reserve's index of manufacturing conditions improved to -6.2 in October from -10.4 in September, but missed analysts' predictions for a reading of around -4.5

The dollar also saw support amid ongoing uncertainty as to whether or not Spain will seek a bailout.

Market talk says the country is growing closer to requesting rescue financing, though Madrid has yet to officially do as such, which continued to fuel uncertainty and gave the dollar support on Tuesday.

Spain will hold regional elections on Oct. 21, and investors are now assuming any decision to seek a rescue financing package will wait until after then.

Markets are keeping an eye on Greece as well, growing a little edgy as the country prepares for its next tranche of financial aid.

Meanwhile in Japan, industrial production in Japan fell more than expected in August.

In a report, the Ministry of Economy, Trade and Industry said that industrial production fell 1.6% in August after contracting 1.3% in July.

Analysts had expected industrial production to fall 1.3% last month.

The euro rose against the dollar on Tuesday after retail sales outpaced expectations in the U.S., prompting investors to take on risk by going long on higher-yielding currencies.

In Asian trading on Tuesday, EUR/USD was trading up 0.19% at 1.2973, up from a session low of 1.2965, and also a session high.

The pair was likely to find support at 1.2929, Monday's low, and resistance at 1.2991, Friday�s high.

The dollar weakened earlier on news retail sales in the U.S. beat expectations, which fueled investor appetite for risk.

The Commerce Department reported earlier that retail sales rose by a seasonally adjusted 1.1% in September, outpacing market calls for a 0.8% increase.

Retail sales in August were revised up to a 1.2% gain from a previously reported increase of 0.9%.

Core retail sales, which exclude automobile sales, rose by 1.1%, outstripping expectations for a 0.6% increase.

A report showing that manufacturing activity in New York state contracted for the third consecutive month dampened the risk-on trading session and capped the euro's gains against the greenback.

The New York Federal Reserve's index of manufacturing conditions improved to -6.2 in October from -10.4 in September, but missed analysts' predictions for a reading of around -4.5

The dollar also saw support amid ongoing uncertainty as to whether or not Spain will seek a bailout.

Market talk says the country is growing closer to requesting rescue financing, though Madrid has yet to officially do as such, which continued to fuel uncertainty and gave the dollar support on Tuesday.

Spain will hold regional elections on Oct. 21, and investors are now assuming any decision to seek a rescue financing package will wait until after then.

Markets are keeping an eye on Greece as well, growing a little edgy as the country negotiates its next tranche of financial aid.

The euro, meanwhile, was up against the pound and up against the yen, with EUR/GBP trading up 0.08% at 0.8064, and EUR/JPY trading up 0.32% at 102.16.

On Tuesday, the eurozone will release its latest data on consumer price inflation.

Elsewhere in Europe, the ZEW Institute is to publish data on German economic sentiment, a leading indicator of economic health, as well as data on economic sentiment for the wider euro area.

The U.S., meanwhile, is to release government data on consumer price inflation and industrial production.

The U.S. is also to produce official data on treasury long-term purchases and the capacity utilization rate.

[latik]

EURUSD=X stock chart on Yahoo! Finance. Change the date range, chart type and compare EUR/USD against other ...

[romannil]

Eur/usd technical analysis for 16.10.2012 by using : Auto pivot indicator.

resistance 3:1.3079
resistance 2:1.3030
resistance 1:1.2989

pivot point :1.2940

support 1:1.2899
support 2:1.2850
support 3:1.2809

[secret alibi]

http://sadpanda.us/images/1225545-K2SNGB0.png
As we can see on H1 chart outlook suggest a
bearish condition but overall price remains in
consolidation phase since three weeks ago
and as long as price moving inside the bullish
channel and above 1.2840 area, the major
bullish scenario since bounced from 1.2040
remains valid. Immediate resistance is seen
around 1.2995 area, a clear break above that
area could trigger further bullish pressure
testing 1.3050 region.

Resistance Level : 1.2995, 1.3050, 1.31070
Support Level : 1.2840, 1.2800, 1.2750
Trading Range : 1.2995 – 1.2800
Trend : Bearish

[forexking2]

Expected trading range for today is between: Support 1.2910 and resistance 1.3145
General tendency is expected for the day: UP

[great white]

EURUSD stays in a trading range between 1.2803 and 1.3071. Another rise to test 1.3071 resistance would likely be seen,
a break above this level will signal resumption of the longer term uptrend from 1.2042,
then next target would be at 1.3500 area. However, as long as 1.3071 resistance holds,
the price action in the range could be treated as consolidation of the downtrend from 1.3171,
one more fall to 1.2700 area to complete to downward movement is still possible.

[ashaab]

http://i48.tinypic.com/9k5d3d.png

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 1.2750 and key resistance at 1.3165. Based upon my chart analysis, I prefer to selling the pair below 1.2825 with target 1.2600 and stoploss is above 1.3055.

[najmul.djd]

eur/usd technical analysis by using : average directional movement index

+di : 31.7079
-di : 13.6618
adx : 19.5714
timefreme :1 hour

time : 0900
date : 16.10.2012

[hodhod2000]

The trading range for today is among key support at 1.2750 and key resistance at 1.3165.
The general trend over short term basis is to the downside targeting 1.1865 as far as areas of 1.3550 remain intact.

[kakpay]

EURUSD attempted to push lower yesterday, bottomed at 1.2889 but whipsawed to the top and hit 1.2994 earlier today.
The bias is bullish in nearest term testing the upper line of the triangle and the 1.3000/30 area.

A clear break above that area could trigger further bullish momentum testing 1.3070 or higher ressistance.
Immediate support seen around 1.2930. A clear break below that area could lead price to neutral zone in nearest term testing 1.2850/70 but for moving inside the bullish channel the major bullish scenario remains u

[VANDA_S]

http://i.imgur.com/StzH4.png

At the H4 chart, price is above the 12 EMA and 72 EMA indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Take profit: 1.3110

[Miki]

after the breakdown of resistance in 2988 went a couple of good to the north, is a little course correction gone south, while the northern points of growth will resume in 2988 and 2970 levels, the south is not dealt with, I'm waiting complete the correction.

[forexking2]

The eur/usd more positive attempts are being made ​​to overcome the psychological barrier of 1.3000, which finds it difficult so far in stabilizing above it.

[David7]

\\\\Pair today went well to the north, has just completed the correction, and again went to the short-term resistance level of 3010, plan to make another purchase at the break of 3010, the goal is still 3060.\\\\\

[jhsazu]

Sell EURUSD Pending order Entry@1.29497,
Tp @ 1.29276,
SL @1.29772.

[raihan8212]

The U.S. dollar was broadly lower against the other major currencies on Tuesday, as risk appetite recovered following Monday�s stronger-than-expected U.S. retail sales data, but ongoing uncertainty over Spain and Greece kept gains in check.

During European morning trade, the dollar was lower against the euro, with EUR/USD up 0.38% to 1.2996.

Earlier Tuesday, official data showed that consumer price inflation in the euro zone slowed to 2.6% in September, down from a preliminary estimate of 2.7%.

Separately, the ZEW Centre for Economic Research said that its index of German economic sentiment improved to minus 11.5 in October from September�s reading of minus 18.2. Economists had forecast a reading of minus 15.0 this month.

Investors were looking ahead to Thursday�s European Union summit amid ongoing speculation over whether Spain will formally request a bailout from its euro zone partners in the coming weeks.

A bailout request would trigger a bond buying program by the European Central Bank, aimed at lowering peripheral euro zone borrowing costs.

On Monday, Greek government officials indicated that an agreement with international creditors on deficit reductions is unlikely to be reached before the summit.

Consumer price inflation in the euro zone slowed unexpectedly in September, downwardly revised from a preliminary estimate, official data showed on Tuesday.

In a report, Eurostat said consumer price inflation slowed to 2.6% in September, down from an initial estimate of 2.7%. Analysts had expected euro zone consumer prices to hold steady at 2.7%.

The rate remains above the European Central Bank's target of near but just below 2%.

Month-on-month, CPI rose 0.7%, in line with expectations, after increasing 0.4% in August.

Core CPI, which excludes food, energy, alcohol, and tobacco costs held steady at 1.5%, unchanged from a preliminary estimate, but below expectations for a gain of 1.6%.

Following the release of that data, the euro came off the highest levels of the session against the U.S. dollar, with EUR/USD rising 0.34% to trade at 1.2991.

Meanwhile, European stock markets held on to gains following the data. The EURO STOXX 50 rose 0.8%, France�s CAC 40 added 0.5%, Germany's DAX climbed 0.6%, while London�s FTSE 100 gained 0.5%.

---------- Post added at 05:59 PM ---------- Previous post was at 05:58 PM ----------

German economic sentiment improved in October, hitting the highest level in five months, industry data showed on Tuesday.

In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment improved by 6.7 points to minus 11.5 in October from September’s reading of minus 18.2.

Analysts had expected the index to improve by 3.2 points to minus 15.0 in October.

The Current Situation index declined to 10.0 in October from 12.6 in September, compared to expectations for a decline to 11.8.

On the index, a level above 0.0 indicates optimism, a level below 0.0 indicates pessimism.

Meanwhile, economic sentiment in the euro zone improved slightly, but remained in negative territory for the sixth consecutive month in October.

The index of euro zone economic sentiment rose by 2.4 points to minus 1.4 from a reading of minus 3.8 in September.

Economists had expected euro zone economic sentiment to improve by 2.7 points to minus 1.1 in October.

Following the release of that data, the euro remained higher against the U.S. dollar, with EUR/USD rising 0.4% to trade at 1.3000.

Meanwhile, European stock markets held on to gains following the data. The EURO STOXX 50 rose 0.85%, France’s CAC 40 added 0.5%, Germany's DAX climbed 0.6%, while London’s FTSE 100 gained 0.5%.

[Pioner3]

Over the last couple of hours has shown strong growth, and went to the next resistance level around 3060 which is already noticeable stop, opened the sale, I plan to catch at least a correction.

[ahmed fakhry]

The euro weakened during the Asian session, amid lingering concerns about the unwillingness of Spain to submit a formal request for assistance as well as on some obstacles in confirming the next tranche for Greece. The EUR / USD pair fell to $ 1.2890 area. On the next following session the euro grew against the dollar to $ 1.2969 ahead of key events for the European market like the EU summit, which will take place on Thursday, the auction of Spanish bonds at the end of the week and the local Spanish elections on Sunday.

[winstead]

EURUSD price action from 1.3171 is treated as consolidation of uptrend from 1.2042, climbed to 1.3500 can be expected after consolidation.

[hictor23]

EUR/USD
SELL
Enter :- 1.29530
TP1 :- 1.28892
TP2 :- 1.28256
SL :- 1.30811

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[amni570]

$EURUSD structure looks increasingly like a Descending Triangle with support at 1.2815-30. Break lower implies a measured target at 1.2465

[forexking2]

The trading range for today is among the key support at 1.2750 and the key resistance at 1.3165.
The general trend over the short term negative targeting 1.1865 levels as long as the levels of 1.3550

[Macintosh]

and a couple still went a little on the top, but it is clear that the movement is still more than a corridor is a trend ... now the pair is trading at 1.3065 resistance .... so it is very possible that once again will be rolled back to around 1.3000, but the overall look on the pair's ... to 1.3165 ...

[amindesetif]

eur usd pair is the most traded currencies in the world because belongs to the largest two economic powers.

[azam01]

EUR/USD gain above 100pips. I think liquidity consumer are selling and liquidity provider are buying.
For it reason IT is may be grownup. Next day may be more up.
Trader are waiting for correction.

[Bieela_cute]

Elliott: impulse wave up 1.3116
Current rise seems to be over near 1.3057 or 1.3095 for a retracement towards 1.3019 - 1.2998 area.
Warning: Imminent end of bullish move
Technical points
Key point 1.3105
Entry point 1.3030
Elliott 1.2891
Closing 1.3053
Projection 1.3116
Trendline 1.2943
Trendline 1.2995
Supports / Resistances
Res 2 1.3137
Ex-High 1.3061
Res 1 1.3095
Pivot 1.3019
Sup 1 1.2977
Ex-Low 1.2943
Sup 2 1.2901

[tradergalau]

Although the bullish momentum is weak now, I think USDJPY still in bullish sentiment and still moving above the 78.61 support level. So, I expect USDJPY still has a potential to continue
going up and touch the resistance level at around 79.16 or maybe higher.
http://i.imgur.com/TYQB1.png

[raihan8212]

The euro surged higher against the U.S. dollar Tuesday, after a senior German politician, who was reported to support a precautionary credit line for Spain sent the single currency into rally mode.

EUR/USD pulled back from 1.3059, the pair�s highest since October 5, to hit 1.3036 during U.S. afternoon trade, up 0.68% for the day.

The pair was likely to find support at 1.2942, the session low and resistance at 1.3120, the high of September 18.

Michael Meister, a deputy caucus leader of Chancellor Angela Merkel�s Christian Democratic Party denied referring to Spain in his comments, which he said were �over-interpreted�.

The euro rallied earlier in the session, following media reports that Meister and another senior German lawmaker backed a Spanish application for a precautionary credit line from the European Stability Mechanism, the euro zone�s permanent bailout fund.

On Monday, Spanish government officials said they were exploring the option of requesting a credit line from the ESM, in order to satisfy the terms of the European Central Bank�s bond buying program, but then not using it, instead waiting for borrowing costs to fall.

Elsewhere in the euro zone, talks between the Greek government and the troika broke down in Athens, as the country struggles to meet deficit reduction targets demanded by international creditors.

The euro remained supported after the ZEW index of German economic sentiment improved to minus 11.5 in October from September�s reading of minus 18.2. Economists had forecast a reading of minus 15.0 this month.

Separately, official data showed that consumer price inflation in the euro zone slowed to 2.6% in September, down from a preliminary estimate of 2.7%.

In the U.S., the Labor Department said consumer prices rose by 0.6% in September, above expectations for a 0.5% gain on the back of higher gasoline prices.

The U.S. dollar traded sharply lower against its major rivalsTuesday, as bullish speculation over a bailout for Spain supported demand for higher-yielding, riskier assets.

During U.S. afternoon trade, the dollar was lower against the euro, with EUR/USD up 0.77% to 1.3048.

Demand for the euro continued to be underpinned by persistent hopes that Spain will soon request a bailout from its euro zone partners.

Elsewhere in the euro zone, talks between the Greek government and the troika broke down in Athens, ahead of Thursday�s European Union summit.

Earlier in the day, a report showed that the ZEW index of German economic sentiment improved to minus 11.5 in October from September�s reading of minus 18.2. Economists had forecast a reading of minus 15.0 this month.

Separately, official data showed that consumer price inflation in the euro zone slowed to 2.6% in September, down from a preliminary estimate of 2.7%.

In the U.S., the Labor Department said consumer prices rose by 0.6% in September, above expectations for a 0.5% gain on the back of higher gasoline prices.

---------- Post added at 07:50 AM ---------- Previous post was at 07:49 AM ----------

The euro rose against the dollar on Wednesday after Moody's Investors Service confirmed Spain's Baa3 government bond rating as well as the country's short-term rating at (P)Prime-3.

Moody's assigned a negative outlook to the rating, though investors went long on the euro.

In Asian trading on Wednesday, EUR/USD was trading up 0.43% at 1.3110, up from a session low of 1.2929, and off from a high of 1.2960.

The pair was likely to find support at 1.2921, Friday's low, and resistance at 1.3171, the high of Sept. 17.

Moody's decision to stick with an investment-****e rating for Spain sparked demand for the euro and other currencies over the safe-haven dollar.

Reports that two senior German lawmakers indicated that they would support a Spanish application for a ‘precautionary credit line’ from the European Stability Mechanism, the eurozone's permanent bailout fund, sent the currency gaining amide a risk-on session as well.

Spain has yet to request a bailout from its neighbors, which has kept the euro weaker in recent session, though the government is reportedly mulling requesting a credit line from the ESM, which would allow the European Central Bank to buy Spanish sovereign debt and lower borrowing costs.

Investors shrugged off news that Greece and its troika of creditors — the European Union, the International Monetary Fund and the European Central Bank — are still working to agree on deficit reduction targets.

Elsewhere in Europe, the ZEW index of German economic sentiment improved to -11.5 in October from September’s reading of -18.2.

Economists had forecast a reading of -15.0 this month.

Separately, the eurozone consumer price index slowed to 2.6% in September, a little softer than analyst forecasts for a 2.7% reading.

Inflation data out of the U.S., however, stoked demand for risk even more.

The U.S. Labor Department reported earlier that its month-on-month consumer price index rose by 0.6% in September, above expectations for a 0.5% gain basically due to higher gasoline prices.

Consumer prices rose at an annualized rate of 2.0% last month, compared to expectations for a 1.9% increase and up from 1.7% in August.

Core inflation rates, stripped of volatile food and energy prices, revealed the prices remain stable in the U.S.

Core inflation rates rose 2.0% on year, in line with expectations and up from 1.9% in August.

Month-on-month core inflation rates dropped 0.1% in September.

[mudassiransi]

I think it will go down now from 1.31 to 1.3050-60.

[nisat100]

Euro US Dollar rate and gain access to our Converter, Charts, Historical Data, EUR USD Technical Analysis, and News.

[parvez]

Yes this is long term target its will take some time in achive the traget wait for it

[romannil]

Eur/usd technical analysis for 17.10.2012 by using : Auto pivot indicator.

resistance 3:1.3218
resistance 2:1.3140
resistance 1:1.3098

pivot point :1.3020

support 1:1.2978
support 2:1.2900
support 3:1.2858

[azam01]

Today early time i guess it will be up. This fair now trade 1.3094. Today PP is 1.3025.
That means it is trade upper to PP level. Now you see when it change direction.

[lipop]

EURUSD=X stock chart on Yahoo! Finance. Change the date range, chart type and compare EUR/USD against other companies.

[secret alibi]

http://i.imgur.com/SnlbI.png
The bias is bullish in nearest term testing the
upper line of the triangle pattern on daily
chart around 1.3070 area, a clear break above
that area could trigger further bullish pressure
testing 1.3100 or higher. Immediate support is
seen around 1.2960 area, a clear break below
that area could bring the price to neutral zone
in nearest term testing 1.2900 area but as
long as price stays above 1.2850 area the
major bullish scenario should remain intact.

Resistance Level : 1.3070, 1.3100, 1.3175
Support Level : 1.2960, 1.2900, 1.2825
Trading Range : 1.2960 – 1.3100
Trend : Bullish

[forexking2]

The pair succeeded to achieve the expected rise yesterday followed by more positive today significantly closer to the main objective is expected at 1.3145, where this level is sensitive to the direction of resistance short-term and medium-term

[ashaab]

http://i48.tinypic.com/5mbguf.png

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 1.2825 and key resistance at 1.3270. Based upon my chart analysis, I prefer to buying the pair around 1.3070 with target 1.3225 with stoploss is below 1.2975.

[great white]

EURUSD breaks above 1.3071 resistance, suggesting that the uptrend from 1.2042 has resumed.
Further rise could be seen after a minor consolidation, and next target would be at 1.3200 area.
Support is at 1.3000, only break below this level could indicate that lengthier consolidation of the uptrend is underway,
then another fall to re-test 1.2803 support is possible.

[kakpay]

Based on the chart above on TF H1 oscillator, the opportunity to take sell position now with TP = 20 SL = 30 because it has reached the position of resistance.
but the opportunity to continue until the position is bullish resistant 2 at position 1.3136 is still possible, what if there is no reversal of the position at 1.2977 support.

[VANDA_S]

http://i.imgur.com/5tVkV.png
At the H4 chart, price is above the 12 EMA and 72 EMA indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Take profit: 1.3171

[budis]

I think eur / usd going nympe to 123xx, may be seen from the data hystory towards the end of the data is always down, but the situation is different now with the elections and the presidential elections in the U.S.

[najmul.djd]

eur/usd technical analysis by using : average directional movement index

adx : 48.2024
+di : 26.3511
-di : 9.2279
timeframe : 1 hour

time : 1000
date : 17.10.2012

[mahmoud mohamed tawfik]

long positions at 1.3103 with 1.3134 and 1.3179 as next targets

the break out of 1.3077 will call for arebound towards 1.3041

[Miki]

A pair of late demonstrated good and almost recoilless growth rate approaching strong resistance zone 3137 + -, bulls will likely take profits near, I hope to catch southern correction from 3137.

[ahmed fakhry]

For the first time in two weeks, the EUR / USD pair rose above $ 1.30, as the index of sentiment in the business environment in Germany rose more than economists’ forecasts. So, the survey conducted by the ZEW Center for European Economic Research, revealed that index of investor and analyst expectations, which aims to predict economic development for the six months rose to -11.5 from -18.2 levels in September and was much higher than forecasts of -14.9. Also, the speculation that Spain would very soon apply for financial assistance supported euro today’s strong uptrend against all its rivals. The EUR / USD pair grown on a figure from the beginning of the day and was able to reach the level of $ 1.3018 at the European session.

[David7]

yet not in a hurry to close its purchase, the couple has not yet lost the strength to go to the north, like the course just after a bit of lateral movement again resumes its growth of sales do not even think, I aim-month high 3165.

[forexking2]

EURUSD continue bullish rushing to near dramatically sensitive resistance at 1.3145, where the overall bias remains bullish likely, but with the necessity of neutrality now as we pointed out in the morning to make sure penetrate the mentioned level and confirm to continue the upward trend.

[erumozor]

when the market started it is very true that the market had and have a good space that send the market down ward but the main trend is that the market is going up at any given period of time

[gandha]

http://files.monexnews.com/img.php/src/Daily%20Chart/euro17Oct.GIF
EURUSD at 1-hour chart survived and area bullish trend in recent days. Currently seen EURUSD testing resistance 1.31226 where the outbreak area is likely to trigger further bullish momentum towards next resistance area of ​​the range 1.31777. Meanwhile, technical indicators such as CCI and stochastic currently already in overbought area and tend to move down, potentially triggering a correction to the support area of ​​the range 1.30675 or more in the area towards the range 1.31226 1.30058 if resistance survive and bearish signals appear in the area.

[raihan8212]

The euro was stronger against the other major currencies on Wednesday, after ratings agency affirmed Spain�s credit rating, while ongoing speculation that Madrid is moving closer to asking for a bailout also lent support.

During European early afternoon trade, the euro advanced to a one-month high against the U.S. dollar, with EUR/USD up 0.56% to 1.3126.

Moody�s confirmed Spain�s credit rating at Baaa3 with a negative outlook earlier, just one notch above junk status, and expressed confidence that reforms enacted by the Spanish government and the European Central Bank�s bond buying program would ensure that Madrid had continued access to credit markets.

The yield on Spanish 10-year bonds fell to 5.53% following the announcement, the lowest level since April.

Sentiment on the euro has been underpinned in recent weeks by hopes that Spain will soon request a bailout from its euro zone partners, but uncertainty over the timing of a request and what form a bailout would take has persisted.

[hictor23]

EUR/USD
BUY
Enter :- 1.30960
TP1 :- 1.31641
TP2 :- 1.32323
SL :- 1.29604

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[raihan8212]

The U.S. dollar was broadly lower against the other major currencies on Wednesday, after a decision by ratings agency Moody�s not to down****e Spain�s sovereign rating to junk status boosted demand for riskier assets.

During European morning trade, the dollar was lower against the euro, with EUR/USD up 0.36% to 1.3100.

Moody�s confirmed Spain�s credit rating at Baaa3 with a negative outlook, just one notch above junk status and expressed confidence that reforms enacted by the Spanish government and the European Central Bank�s bond buying program would ensure that Madrid had continued access to credit markets.

The yield on Spanish 10-year bonds fell to 5.53% following the announcement, the lowest level since April.

Sentiment on the euro has been underpinned in recent weeks by hopes that Spain will soon request a bailout from its euro zone partners, but uncertainty over the timing of a request and what form a bailout would take has persisted.

[Pioner3]

As it is no longer confident couple moves to the north, notably that the bulls are tired, especially as a strong resistance zone before 3150 I think the first time was not broken, I am going to make sales in the breakdown of 3110 and mainly selling the breakout 3090.

[turabawan8]

EURUSD moved higher, through 1.3070 resistance which means that triangle is complete and that bullish price action in wave 5 is underway. As such, we will now be tracking an impulsive recovery in wave 5, ideally towards 1.3300 projected region while wave (e) low at 1.2890 holds.

[Mr.Strong]

I expect sales of USD EUR now where he could not close above the important resistance
At a price of 1.31230 and target landing, God willing, at a price of 1.3090

[winstead]

In this pair, if today is corrected then the chances are very small area of ​​correction towards 1.3070 area, if not corrected then it will go back up towards 1.3164 area if subsequent break-high 1.3200.

[khoiri]

but in case of a significant movement of the USD market or going fast, do all it can be a benchmark / starting ukurya. and if the opposite occurs slowing what's the solution?

[raihan8212]

The euro was trading close to a one-month high against the U.S. dollar on Wednesday, after Spain avoided a down****e to junk status by Moody�s, while robust U.S. housing data also supported demand for higher yielding, riskier assets.

EUR/USD hit 1.3137 during U.S. morning trade, the pair�s highest since September 17; the pair subsequently consolidated at 1.3119, gaining 0.51%.

The pair was likely to find support at 1.3052, the session low and near-term resistance at 1.3171, the high of September 17.

Moody�s confirmed Spain�s credit rating at Baaa3 with a negative outlook late Tuesday and expressed confidence that reforms enacted by the Spanish government and the European Central Bank�s bond buying program would ensure that Madrid had continued access to credit markets.

A spokesperson for Spain�s prime minister said Wednesday that Spain�s stance on a bailout had not changed and the government had not yet made a decision on requesting aid.

Sentiment on the euro has been underpinned in recent weeks by hopes that Spain will soon request a bailout from its euro zone partners, but uncertainty over the timing of a request and what form a bailout would take has persisted.

In the U.S., the Commerce Department said housing starts rose by 15% last month to a seasonally adjusted annual rate of 872,000 units, the fastest rate since July 2008 and easily outstripping expectations for a 2.7% increase.

Housing starts for August were revised up to 758,000 million units from a previously reported 750,000 million units.

Building permits grew by 11.6% to a 894,000-unit pace in September, while August's permits were unrevised at 801,000 units.

---------- Post added at 10:49 PM ---------- Previous post was at 10:47 PM ----------

The U.S. dollar remained weaker against the other major currencies on Wednesday, as demand for higher yielding assets was boosted by hopes that Spain is moving closer to a bailout, as well as stronger-than-forecast U.S. housing data.

During U.S. morning trade, the dollar was close to a one-month low against the euro, with EUR/USD up 0.64% to 1.3136.

The euro strengthened broadly after Spain avoided a down****e to junk status by ratings agency Moody’s late Tuesday.

Following the announcement, the yield on Spanish 10-year government bonds dropped to multi-month lows of 5.46%.

Sentiment on the euro has been underpinned in recent weeks by hopes that Spain will soon request a bailout from its euro zone partners, but uncertainty over the timing of a request and what form a bailout would take has persisted.

A spokesperson for Spain’s prime minister said earlier that Spain’s stance on a bailout had not changed and the government had not yet made a decision on requesting aid.

Elsewhere, the Commerce Department said U.S. housing starts rose by 15% last month to a seasonally adjusted annual rate of 872,000 units, the fastest rate since July 2008 and easily outstripping expectations for a 2.7% increase.

Housing starts for August were revised up to 758,000 million units from a previously reported 750,000 million units.

Building permits grew by 11.6% to a 894,000-unit pace in September, while August's permits were unrevised at 801,000 units.

[turabawan8]

EUR/USD stretches to fresh 1-month high

The euro jumped to fresh highs during the New York session on a WSJ report saying that the euro zone is hoping to allocate significantly less than �100 billion from its bailout fund for Spain when it makes its expected request for financing help.

EURUSD touched a fresh 1-month high of 1.3139 at its latest attempt, but still lacked momentum to break above that level. At time of writing, EURUSD is quoting at the 1.3130 zone, recording a 0.6% gain on the day.

As for technical levels, next resistances for EURUSD are seen at 1.3140, 1.3172 and 1.3200, while supports could be found at 1.3100, 1.3070 and 1.3030.

[raihan8212]

The euro was trading higher against the U.S. dollar Wednesday, after Spain’s debt missed an expected Moody’s down****e to junk status, while strong U.S. housing data supported demand for higher yielding, riskier assets.

EUR/USD hit 1.3130 during U.S. afternoon trade, the pair’s highest since September 17, gaining 0.51%.

The pair was likely to find support at 1.3052, the session low and near-term resistance at 1.3171, the high of September 17.

Moody’s confirmed Spain’s credit rating at Baaa3 with a negative outlook late Tuesday and expressed confidence that reforms enacted by the Spanish government and the European Central Bank’s bond buying program would ensure that Madrid had continued access to credit markets.

A spokesperson for Spain’s prime minister said Wednesday that Spain’s stance on a bailout had not changed and the government had not yet made a decision on requesting aid.

Sentiment on the euro has been underpinned in recent weeks by hopes that Spain will soon request a bailout from its euro zone partners, but uncertainty over the timing of a request and what form a bailout would take has persisted.

In the U.S., the Commerce Department said housing starts rose by 15% last month to a seasonally adjusted annual rate of 872,000 units, the fastest rate since July 2008 and easily outstripping expectations for a 2.7% increase.

Housing starts for August were revised up to 758,000 million units from a previously reported 750,000 million units.

Building permits grew by 11.6% to a 894,000-unit pace in September, while August's permits were unrevised at 801,000 units.

[adnanhm]

as i am a newbie and i want to learn how can i know this is resistance point and how much it will go up .. is there any trick and skills to know about it.. if it is so then please let me to know it and make my trading more strong

[amni570]

Sell EURUSD at 1.3025 SL 1.3065 TP 1.2985

[Jobs]

except for the shade it can be said that the couple came very clearly to the resistance level and now we can see that for 5 minutes .. clearly advocates would suggest that we can go down ... overall picture corridor and oscillator just wrapped down ... so expect let's go down to that level ..

[Bieela_cute]

Elliott: extended impulse wave up 1.3202
One move lower to 1.3068 or 1.3017 is anticipated while below 1.3129 - 1.3155 area. Stop loss above 1.3190 zone.
Warning: Imminent end of bullish move
Technical points
Key point 1.3175
Entry point 1.3137
Elliott 1.2891
Closing 1.3119
Projection 1.3202
Trendline 1.3051
Trendline 1.3163
Supports / Resistances
Res 2 1.3190
Ex-High 1.3139
Res 1 1.3155
Pivot 1.3104
Sup 1 1.3068
Ex-Low 1.3053
Sup 2 1.3017

[ispgamer]

big trend for EUR/USD till now still bulls. But, on 4H TF = we see that price on consolidation (first) bellow that strong supply area (1.3139) and no nice idea to make buy now. Just wait and see. Then, if that supply (1.3139) can be break too by buyer search for Buy here.

[romannil]

Eur/usd technical analysis for 18.10.2012 by using : Auto pivot indicator.

resistance 3:1.3243
resistance 2:1.3192
resistance 1:1.3155

pivot point :1.3104

support 1:1.3067
support 2:1.3016
support 3:1.2979

[raihan8212]

The euro firmed against the dollar on Thursday after groundbreaking on U.S. homes jumped to a four-year high, while growing hopes that Spain will seek a bailout also enticed investors out of the safety of the greenback.

Profit taking kept the single currency jumping in and out of positive territory against the U.S. currency.

In Asian trading on Thursday, EUR/USD was trading down 0.05% at 1.3113, up from a session low of 1.3086, and off from a high of 1.3139.

The pair was likely to find support at 1.2952, Tuesday's low, and resistance at 1.3139, the earlier high.

Investors embraced risk on news the U.S. housing sector, which threw the country into the worst recession since the Great Depression and continues to lag on its recovery, is showing signs of recovery.

The U.S. Census Bureau reported earlier that housing starts rose 15% in September to a seasonally adjusted 872,000 units, far surpassing market calls for a 2.7% increase to 770,000.

The U.S. government added that the number of building permits issued in September rose 11.6% to a seasonally adjusted 894,000, beating out expectations for a 1.1% gain to 810,000.

Meanwhile in Europe, talk continues to build that Spain is preparing to request a bailout, which would make the country eligible to participate in the European Central Bank's sovereign bond-buying program, which further bolstered the euro.

A Moody Investors Service decision to leave Spanish debt ratings unchanged earlier this week bolstered the euro on Thursday as well.

Spain has yet to request a bailout from its neighbors, which has capped the euro's gains and allowed for profit-taking.

---------- Post added at 10:51 AM ---------- Previous post was at 10:49 AM ----------

The dollar rebounded against most major currencies on Thursday, gaining strength amid a waning risk-on trading session stemming from hopes Spain may be growing closer to seeking a bailout.

In Asia trading on Thursday, EUR/USD was down 0.08% at 1.3109.

Hopes that Spain will request a bailout sparked demand for the euro and other higher yielding assets in recent sessions, which sent the dollar weakening though investors decided on Thursday the greenback had slid enough.

European Union policymakers on Thursday will open a two-day summit in Brussels to discuss Greece's steps towards restoring fiscal health as well as ways to firewall and extinguish the debt crisis, especially in Spain.

Talk continued to grow ahead of the summit's opening on Thursday that Spain is moving closer to officially requesting a bailout from its neighbors.

Such a request would make the country eligible to participate in the European Central Bank's sovereign bond-buying program, which would lower borrowing costs in Madrid debt auctions and give investors a boost of confidence to take on risk.

Still, investors grew cautious by Thursday, as Madrid has yet to announce any official plans to seek rescue financing from its neighbors.

Meanwhile, the dollar erased earlier losses stemming from solid U.S. housing data.

The U.S. Census Bureau reported earlier that housing starts rose 15% in September to a seasonally adjusted 872,000 units, far surpassing market calls for a 2.7% increase to 770,000.

The U.S. government added that the number of building permits issued in September rose 11.6% to a seasonally adjusted 894,000, beating out expectations for a 1.1% gain to 810,000.

The numbers weakened the greenback initially.

Housing continues to weigh on U.S. recovery, though data showing a bump up in groundbreaking gave investors reason to take on risk.

[ashaab]

http://i47.tinypic.com/2z8ujo5.png

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 1.2825 and key resistance at 1.3270. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move..

[forexking2]

EURUSD found ceiling at 1.3145 strong force him to recant down as shown by the graph above, in sync with the stochastic overbought signs.

[secret alibi]

http://i.imgur.com/5SFcr.png
The bias remains bullish in nearest term
testing 1.3160 – 1.3190 area. Immediate
support is seen around 1.3090 area, a clear
break below that area could bring the price to
neutral zone in nearest term testing 1.3020
area but as long as price moving inside the
bullish channel I still prefer a bullish scenario.
From a longer term outlook, if price able to
break above 1.3190 area, next bullish target
seen around 1.3240 region.

Resistance Level : 1.3190, 1.3240, 1.3480
Support Level : 1.3090, 1.3020, 1.2940
Trading Range : 1.3090 – 1.3240
Trend : Bullish

[sonyole]

Technical analysis for EUR / USD today.
Based on several indicators on the time frame 1 H, the MACD and CCI are located in the area sell, besides MACD and CCI are cross at the time. AO Indicator still in the area sell (below zero). To this day, I prefer transactions sell EUR / USD. For recommendations on support 1 as profit target is 1.3050.

[mahmoud mohamed tawfik]

long positions at1.3113 with 1.3135 and 1.3161 as next targets

the breakout of 1.3090 will call for arebound towards 1.3061

[Andra Forex]

The entire EURUSD long position was exited at 13090 yesterday after the New York close on the spike. The EURUSD has drifted higher but the current level is viewed as high risk for bulls. I may return to the long side on weakness into 13040/60 if it materilizes.

:yahoo:

[Miki]

As you would expect couple went south correction from resistance 3137, opened a short little lot, I think will be the level to 3000, purchases are not considering (I plan to do at the end of correction or by strengthening the above 3140).

[hictor23]

EUR/USD
BUY
Enter :- 1.31120
TP1 :- 1.31600
TP2 :- 1.32082
SL :- 1.30162

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[turabawan8]

18/10/2012 EUR/USD Full Detailed ForeCast

Pivot point (level of invalidation): 1,308

Our preference: LONG positions at 1.3085 with a target at 1314 and 1317 in the.

Alternative scenario: Below 1308 we expect further downside with 1.3015 and 1304 targets.

Technical Comments: the RSI is mixed and calls for prudence.

[raihan8212]

the euro trimmed losses against the U.S. dollar, with EUR/USD shedding 0.07% to trade at 1.3111.

European stock markets were mixed following the auction. Spain�s IBEX 35 Index dipped 0.35%, the EURO STOXX 50 fell 0.1%, France�s CAC 40 declined 0.1%, Germany's DAX rose 0.35%, while London�s FTSE 100 added 0.3%

[David7]

Against the trend as we know it is better not to go, as the pair took a short break after the strong growth, but it is not far from the bulls is released, probably today will break the resistance at 3137 which will open the way to at least 3200, sales are not considering.

[raihan8212]

The U.S. dollar remained broadly weaker against the other major currencies on Thursday, as optimism over the outlook for global growth and falling Spanish bond yields supported demand for higher-yielding assets.

During European morning trade, the dollar was steady close to a one-month low against the euro, with EUR/USD edging up 0.02% to 1.3120.

Spain saw the yield on 10-year government bonds fall to the lowest level since April at an auction of government debt earlier, as investors looked ahead to the start of a two-day summit of European leaders later in the day, although no major announcements on Spain or Greece were expected.

Spain�s Treasury sold EUR1.51 billion worth of ten-year government bonds at an average yield of 5.45%, down from 5.66% at a similar auction last month.

The yield on three-year bonds fell to 3.22% from 3.95% last month, while the yield on four-year bonds declined to 3.97% from 4.60 in September.

[gandha]

EURUSD price movements in the 1-hour chart is currently tend to consolidate in the range of 1.30793 to 1.31380 area. Technically refers to the movement of the CCI and stochastic indicators are currently already in oversold area, EURUSD likely to appreciate further towards resistance area 1.31380 1.31967 if broken.

Conversely, if the bias turned bearish and through the support area 1.30793, EURUSD likely to undergo further correction towards the next support area which is also the range 1.30136 bullish trendline area.http://files.monexnews.com/img.php/src/Daily%20Chart/euro18Oct.GIF

[forexking2]

EURUSD back volatility near the central barrier of 1.3145, after bearish retracement towards levels near 1.3085, while we continue to tipping tendency rookie of the year, but with a reminder that penetrate the mentioned level and stabilizing above it is required to confirm these positive.

[Pioner3]

like moving to the south, notably that the course can not be strengthened more than 24 moving (yellow), a little vyrisovalas head and shoulders, the main signal will still line break neck - support level 3087.

[الدرهي بجمعة]

التعامل مع اليورو دولار التعامل مع أكبر دولة في العالم
و تليها الاتحاد الاروبي الدي تريد أن تكون ثاني فوة عالمية
التعامل مع ازدواجية العملة اليورو و الدولار قد تكون مضمونة أكثر من باقي العمولات الاخرى
مند تعاملنا مع النقد المزدوج أو العمولات المزدوجة
لانسمع الا اليورو والدولار التداول باليورو و الدولار أقرب الى الربح من دونهما
و لكن التجار المهيرين يعرفون كيف يلعبون بالعمولات الاخرى و يكسبون منها

[great white]

EURUSD continues its upward movement from 1.2241 and reaches as high as 1.2871.
Further rise could be expected after a minor consolidation, and next target would be at 1.3000.
Initial support is at 1.2750, and the key support remains at the upward trend line on 4-hour chart,
only a clear break below the trend line could signal completion of the uptrend.

[mudassiransi]

By Lefteris Papadimas & Harry Papachristou

Greek police fired teargas to disperse anti-austerity protesters hurling stones and petrol bombs on the day of a general strike that brought much of the near-bankrupt country to a standstill.

It was the second time in three weeks that Greek workers had walked off the job, with Thursday's strike aimed at showing EU leaders meeting in Brussels that new wage and pension cuts will only worsen their plight after five years of recession.

More than 30,000 protesters gathered in central Athens as most business and public sector activity ground to a halt at the start of the 24-hour strike called by the country's two biggest labor unions, ADEDY and GSEE.

Tensions mounted when a small group of protesters began throwing pieces of marble, bottles and petrol bombs at police barricading part of the square in front of parliament, prompting riot police to fire several rounds of teargas to disperse them.

"Enough is enough. They've dug our graves, shoved us in and we are waiting for the priest to read the last words,� said Konstantinos Balomenos, a 58-year-old worker at a water utility whose wage has been halved to 900 euros and who has two unemployed sons.

Some protesters were carrying Greek, Spanish and Portuguese flags and shouted: �EU, IMF out�.

Greece is stuck in its worst downturn since World War Two and must make at least 11.5 billion euros of cuts to satisfy the troika of the European Commission, European Central Bank and IMF, and secure the next tranche of a 130-billion-euro bailout.

"Agreeing to catastrophic measures means driving society to despair and the consequences as well as the protests will then be indefinite,� said Yannis Panagopoulos, head of the GSEE private sector union, one of two major unions that represent about 2 million people, or half of Greece's workforce.

European Union leaders will try to bridge their differences over plans for a banking union at a two-day summit which starts on Thursday. No substantial decisions are expected, reviving concerns about complacency in tackling the debt crisis which exploded three years ago in Greece.

The austerity policies being pursued in Europe's indebted Mediterranean countries at the behest of Germany and other rich euro zone members will drive the euro apart, protesters warned.

"This can't go on. We sure need measures but not as tough as the ones (German Chancellor Angela) Merkel is asking for,� said Dimitris Mavronassos, a 40-year-old shipyard worker who has not been paid for six months.

The strike emptied streets and offices in Athens. Ships stayed in port, Athens public transport was disrupted and hospitals were working with emergency staff, while public offices, ministries, bakeries and other shops were shut.

Newspaper kiosk owners, lawyers, taxi drivers and air traffic controllers were among those protesting over the cuts, which include further drastic reductions in welfare and health spending.

Opinion polls show rising anger with the terms of the bailout keeping the economy afloat, and Greeks becoming increasingly pessimistic about their country's future.

"The new, painful package should not be passed,� the ADEDY public sector union said in a statement.

"The new demands will only finish off what's left of our labor, pension and social rights."

But with Greece due to run out of money next month, Athens has little choice but to push through the austerity package being discussed with lenders.

Greece and inspectors from the troika say they have agreed on most issues. Athens is expected to secure aid needed to avoid bankruptcy given EU determination to avoid fresh market turmoil threatening bigger economies such as Spain and Italy.

---------- Post added at 07:02 PM ---------- Previous post was at 06:57 PM ----------

Jobless claims increased by 46,000 to 388,000 in the week ended Oct. 13 from a revised 342,000 the prior period that was the lowest since February 2008, Labor Department figures showed today in Washington. The median forecast of 49 economists surveyed by Bloomberg called for a rise in claims to 365,000.
The typical pattern of large increases in unadjusted claims at the start of the quarter seems to have shifted by a week in one state, causing the adjusted data to become volatile, a Labor Department spokesman said as the figures were released to the press. Through the ups and downs, the level of firings has been little changed, indicating that a lack of hiring is the main reason payrolls have failed to strengthen.
�When you get to the turn of a quarter, the seasonals jump a lot,� said Brian Jones, a senior U.S. economist at Societe Generale in New York, who projected claims would rise to 375,000. �The labor market is getting better, but at a glacial pace. Claims are going sideways.�
Stock-index futures extended earlier losses after the report. The contract on the Standard & Poor�s 500 Index maturing in December dropped 0.2 percent to 1,453.6 at 8:48 a.m. in New York.
Survey Results
Estimates in the Bloomberg survey ranged from 345,000 to 390,000. The Labor Department revised the previous week�s figure up from an initially reported 339,000.
Today�s report showed unadjusted claims in California dropped by 4,979 in the week ended Oct. 6. Last week the Labor spokesman said claims typically surge at the start of a quarter as people receiving benefits reapply in order for the government to recertify their eligibility.
In the most recent week, all states reported and none were estimated, the spokesman said.
The four-week moving average, a less volatile measure than the weekly figures, rose to 365,500 last week from 364,750. The average number of claims over the past two weeks was in line with the four-week average, indicating little change in the pace of firings outside the seasonal swings.
Last week included the 12th of the month, which coincides with the period the Labor Department uses in its survey of employers to calculate monthly payroll growth. The employment report for October will be released on Nov. 2, four days before the presidential election.
Presidential Vote
Economic issues including jobs are central to the race. Gallup�s daily tracking of registered voters conducted Oct. 10 through Oct. 16 showed President Barack Obama with 46 percent and Republican challenger Mitt Romney with 48 percent support. The margin of error is two percentage points.
Payrolls rose 114,000 in September after a 142,000 increase the prior month, according to Labor Department figures released earlier this month. The unemployment rate dropped to a three- year low of 7.8 percent from 8.1 percent.
Today�s report showed the number of people continuing to receive jobless benefits fell by 29,000 in the week ended Oct. 6 to 3.25 million.
The continuing claims figure does not include the number of Americans receiving extended benefits under federal programs.
Extended Benefits
Those who�ve used up their traditional benefits and are now collecting emergency and extended payments decreased by about 7,200 to 2.13 million in the week ended Sept. 29.
The unemployment rate among people eligible for benefits dropped to 2.5 percent from 2.6 percent in the prior week, today�s report showed.
Forty-nine states and territories reported an increase in claims two weeks ago, while 4, including California, reported a drop. These data are reported with a one-week lag.
Initial jobless claims reflect weekly firings and tend to fall as job growth -- measured by the monthly non-farm payrolls report -- accelerates.
Amazon.com Inc. (AMZN), the world�s biggest online retailer, is among employers taking on workers for the holiday season. The Seattle-based company said on Oct. 16 that it will add more than 50,000 seasonal positions, and didn�t specify how that compares with 2011. Macy�s Inc., the second-biggest U.S. department-store chain, plans to hire about 2,000 more workers than the 78,000 it hired last year.
Some companies cite the lack of faster progress in the job market as a reason for weak demand. Dollar Tree Inc. (DLTR), the U.S. operator of more than 4,500 discount stores, said third-quarter sales will be at the low end of its forecast.
�We�d like to see better employment,� Bob Sasser, chief executive officer, said on an Oct. 11 teleconference with analysts. �I�d prefer to have people with money in their pocket to spend.�

[najmul.djd]

eur/usd technical analysis by using : average directional movement index

adx : 20.5248
+di : 16.2053
-di : 22.9299
timeframe : 1 hour

time : 1600
date : 18.10.2012

[mudassiransi]

In the week ending October 13, the advance figure for seasonally adjusted initial claims was 388,000, an increase of 46,000 from the previous week's revised figure of 342,000. The 4-week moving average was 365,500, an increase of 750 from the previous week's revised average of 364,750. The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending October 6, a decrease of 0.1 percentage point from the prior week's unrevised rate.

[Mr.Strong]

Our preference: Long positions above 1,308 with targets@1.314 and 1,317 in the extension.
Alternative scenario: Below 1.308 look for further downside with 1.304 & 1.3015 as targets.
Comment: the pair has rebounded on its support and remains on the upside

[mudassiransi]

European (SXXP) stocks climbed for a fourth day as a measure of U.S. manufacturing beat estimates, while investors awaited the outcome of a two-day summit of the European Union�s leaders. Wincor Nixdorf AG (WIN), Europe�s biggest maker of automated teller machines, rallied 11 percent. Nestle SA (NESN) retreated 1.7 percent as the world�s biggest food company reported nine-month sales growth that missed analysts� estimates. Remy Cointreau SA (RCO) sank the most in 3 1/2 years after France�s second-biggest distiller posted an improvement in first-half sales that fell short of forecasts

[Macintosh]

The EUR / USD did not rush to exceed the level to the north, but on the contrary advocates and little wrapped south shows that the pair formed a consolidation just below and I personally think I would go down to the 1.3000 figure .. at least ...

[turabawan8]

EUR/USD plunges after Phily Fed manufacturing

Although the headline rose from -1.9 to 5.7 in September, above 1.0 consensus, the details of the Phily Fed manufacturing survey point to declining employment, new orders and six-month cap ex outlook. Only shipments (-0.2 vs -21.2 prior) and inventories (+2.1 vs -21.7 prior) improved and defined the positive headline. According to data, the employment continues to shift from full-time jobs to precarious jobs.

From a first rise to 1.3111 based on the headline, the digestion of the details coupled with the higher than expected US initial claims triggered a plunge to 1.3080 low. Risk is definitely off now, as the pair edges lower on Thursday despite the ongoing EU summit. Although the new Troika report on Greece is only expected in early November, Der Spiegel has reported that the next aid tranche for Greece has already been decided: a �130B loan by the end of November. Officially, Germany is still waiting for the new Troika report.

[Bieela_cute]

Elliott: flat correction down 1.2986
It looks more likely that it would rise to 1.3112 - 1.3157 from 1.3061 or 1.3039. After which a downside move is expected.
Warning: Harami
Technical points
Key point 1.3057
Entry point 1.3090
Elliott 1.3139
Closing 1.3067
Projection 1.3044
Trendline 1.3109
Trendline 1.3112
Supports / Resistances
Res 2 1.3157
Ex-High 1.3129
Res 1 1.3112
Pivot 1.3084
Sup 1 1.3039
Ex-Low 1.3056
Sup 2 1.3011

[roncos]

The Euro was higher against the U.S. Dollar on Friday.
EUR/USD was trading at 1.3070, up 0.02% at time of writing.
The pair was likely to find support at 1.2895, Monday�s low, and resistance at 1.3140, Wednesday�s high.

[dibash]

Eur:Usd
1 EUR = 1.3070 USD

[raihan8212]

The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3070, up 0.02% at time of writing.

The pair was likely to find support at 1.2890, Monday�s low, and resistance at 1.3139, Wednesday�s high.

---------- Post added at 10:28 AM ---------- Previous post was at 10:25 AM ----------

The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3069, up 0.02% at time of writing.

The pair was likely to find support at 1.2890, Monday�s low, and resistance at 1.3139, Wednesday�s high.

[secret alibi]

http://picturestack.com/622/119/T0EeurCk.png
The bias is neutral in nearest term but remains in a major bullish outlook. Immediate support remains around 1.3070 – 1.3050 area, a clear break below that area could trigger further bearish pressure testing 1.2990 area. MACD crossed back downward on hourly chart suggest potential bearish pullback but overall as long as price stays inside the bullish channel I still prefer a bullish scenario. But we need a clear break above 1.3160 to confirm the bullish uptrend remain strong at least retesting 1.3200 region before aiming 1.3320 key resistance area.
Resistance Level : 1.3160, 1.3200, 1.3320
Support Level : 1.3050, 1.2990, 1.2900
Trading Range : 1.2990 – 1.3200
Trend : Neutral

[forexking2]

Expected trading range for today is between: support at 1.3000 and resistance 1.3217
General tendency is expected for the day: UP, provided that the breach of 1.3145

[ashaab]

http://i50.tinypic.com/iyhitl.gif

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 1.2825 and key resistance at 1.3270. Based upon my chart analysis, I prefer to buying the pair around 1.3030 with targets 1.3070, 1.3130 then 1.3170 and stoploss is below 1.2980.

[romannil]

Eur/usd technical analysis for 19.10.2012 by using : Auto pivot indicator.

resistance 3:1.3188
resistance 2:1.3159
resistance 1:1.3113

pivot point :1.3084

support 1:1.3038
support 2:1.3009
support 3:1.2963

[great white]

Being contained by 1.3171 previous high resistance, EURUSD pulled back from 1.3138. However,
the fall is likely minor consolidation of the uptrend from 1.2825, another rise to test 1.3171 resistance could be expected after consolidation,
and a break above this level will confirm that the longer term uptrend from 1.2042 (Jul 24 low) has resumed, then further rise to 1.3500 could be seen.
Support is at 1.3025, only break below this level could indicate that a cycle top has been formed at 1.3138 on 4-hour chart,
and lengthier consolidation of the uptrend from 1.2042 is underway, then another fall to re-test 1.2803 support is possible.

[raihan8212]

The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3074, up 0.05% at time of writing.

The pair was likely to find support at 1.2890, Monday�s low, and resistance at 1.3139, Wednesday�s high.

[Mr.Strong]

Bearish toward the pair today
Expected targets 1.3040 - 1.3015 - 1.2990
With the necessity of constant trading below the 1.3105 resistance level

[kakpay]

Today the EUR / USD has support and resistance at 1.3022 and 1.3111. Couple accompanied by strong support at 1.3009 and 1.3123 as strong resistance.
If the EUR / USD through the 1.3002 and closed at the limit these days, then this would indicate a strong bearish strength. In the meantime, if the EUR / USD was able to penetrate and close above 1.3131, then this will manifest high bullish strength. Moreover, for an experienced trader, you can trade by opening a buy position at 1.3035 and 1.3098 levels as sales. In this case the two targets located at 1.3066

[Miki]

Added another sale, the pair continues to fall, it emerges a clear resistance level of 3076 and which continued to decline again, also continues working out sell signal MASD, purpose until 3000.

[sonyole]

My analysis of the pair EUR / USD on October 19, 2012.
Indicators WMA 50 and 100, the time frame 1 H cross indicates the trend has been going down. In addition, AO indicator, MACD and CCI still in the area sell. Therefore, trading would be safer if the transaction sell EUR / USD.

[yudijoni]

Failure to pass back resistance 1.3075, EURUSD is likely to weaken again tried to penetrate the 1.3039 level again. The success of penetrating 1.3039 then next target in the near future is the 1.2990 level, but if you persist in 1.3039 support is likely prices will rebound back to test 1.3075 resistance.
http://s14.postimage.org/83n65mx3x/image.jpg (http://postimage.org/image/83n65mx3x/)

[David7]

medium-term trend appears again changed its direction to the south, a pair of moving confidently fixed below alligator as much education about level 3 fractals 3080, Stochastic again signaled to the south, reducing the wait.

[Pioner3]

As expected the pair began a decline, it's unclear is just a correction or the start of a wave of deep south, to determine that you need to wait the normal breakdown of 3050, then open the way for 2980 and 2900.

[ahmed fakhry]

The EUR / USD pair fell to the previous day's low of $1.3088 during the Asian session on comments of
the German Chancellor Mrs. Angela Merkel who said that the region's debt crisis will not be solved “in one breath”. Meanwhile, the French President Mr. Francois Hollande called for the EU to step forward towards the formation of the banking union in order to provide economic assistance to countries that are trying to rein in the budget deficit, and show investors that Greece will be able to stay in the monetary union, if it fulfills its obligations. The EUR / USD pair tried to recover during the European session strengthening up to $1.3128 area.

[turabawan8]

19/10/2012 EUR/USD Full Detailed ForeCast

Intraday EUR / USD: short-term key resistance at 1.3105.

Pivot point (level of invalidation): 1.3105

Our preference: Short positions below 1.3105 with targets at 1304 and 1.3015 in extension.

Alternative scenario: Above 1.3105, we expect a further rise in 1314 and 1317 targets.

Technical Comments: the RSI is also a collection of downtrend.

[gandha]

after a price increase (uptrend, in 2 days) EURUSD temporary correction.and according to my prediction of weekly look at the condition of the eu currency still has the potential to go up, this is because the weekly candle looks like to do high break out and this will happen in the next week...

[zola18]

eur/usd
Price moves $ EUR now bearish and I as long as it remains larger than the 1.3046 rate possible pair to Nlahoud rise again recall that the basic requirement for achieving this rise is the breach of 1.3100
Support 1.3000
Resistance 1.3300

[hictor23]

EUR/USD
BUY
Enter :- 1.31730
TP1 :- 1.313520
TP2 :- 1.319762
SL :- 1.29490

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[imtiazhero82]

the eur/usd has been softening since then and reached as low as 1.3038 just moment ago. now sell runing

[najmul.djd]

eur/usd technical analysis by using : average directional movement index

adx : 27.6234
+di : 11.9150
-di : 20.3944
timeframe : 1 hour

time : 1500
date : 19.10.2012

[forexking2]

EURUSD shows some negative attempts since this morning but it is still stable above the 1.3000 psychological barrier, to keep the chances of achieving the mile list bullish, but with a reminder that the basic requirement for achieving this rise is the breach of 1.3145 to the stability above the psychological barrier mentioned.

[raihan8212]

The euro edged down to a three-day low against the U.S. dollar on Friday, as the lack of progress on a Spanish bailout request weighed on demand for the single currency, while investors eyed the conclusion of this week's European summit's second day of talks.

EUR/USD hit 1.3038 during European late morning trade, the pair's lowest since October 16; the pair subsequently consolidated at 1.3051, slipping 0.12%.

The pair was likely to find support at 1.2993, the low of October 5 and resistance at 1.3129, Thursday's high.

Expectations that Spain will ask for a sovereign bailout has underpinned demand for the euro over recent days, but uncertainty about when such a request might come has made investors wary of driving the single currency much higher.

Meeting on Thursday in Brussels, European leaders made some progress towards establishing a single banking supervisor for the currency bloc, but, as expected, talked little about immediate plans for debt-ridden problem members, Spain and Greece.

Earlier in the day, official data showed that producer price inflation in Germany rose in line with expectations in September, ticking up 0.03% after a 0.05% rise the previous month.

---------- Post added at 07:41 PM ---------- Previous post was at 07:36 PM ----------

The U.S. dollar was broadly higher against most of its major counterparts on Friday, as the lack of progress on a sovereign bailout for Spain dented market sentiment, as European leaders began a second day of talks in Brussels.

During European early afternoon trade, the dollar was higher against the euro, with EUR/USD shedding 0.20% to 1.3041.

Expectations that Spain will ask for a sovereign bailout has underpinned demand for the euro over recent days, but uncertainty about when such a request might come has made investors wary of driving the single currency much higher.

Meeting on Thursday in Brussels, European leaders made some progress towards establishing a single banking supervisor for the currency bloc, but, as expected, talked little about immediate plans for debt-ridden problem members, Spain and Greece.

Also Friday, official data showed that producer price inflation in Germany rose in line with expectations in September, ticking up 0.03% after a 0.05% rise the previous month.

[measif]

Becareful,because market is excited due to EU summit.

[Macintosh]

Yes, really long couple still wrapped and still went down ... now we can see there is a step down, so I think at the moment will not turn, but instead will fall further ... on a mini 1.3015 level but I think there should be no problem. albeit slowly .. but it should go down ...:)

[winstead]

If EURUSD broke through the 1.3039 then next target in the near future is the 1.2990 level, but if persist in 1.3039 support is likely prices will rebound back to test 1.3075 resistance.

[measif]

Euro weakens after summit, but upside risks remain

[Mr.Strong]

Perplexing situation for the euro dollar and I think will explain the direction of where boarding is explicitly close above the level 1.3320
Or close below 1.3150 in terms of landing on the Daily and God knows
Currently, possible expect any sudden move on the euro is wobbling Grocery period of ups and downs

[raihan8212]

The euro remained lower against the U.S. dollar on Friday, after tepid U.S. data and as concerns over the handling of Spain's debt troubles continued to weigh amid ongoing talks in Brussels.

EUR/USD hit 1.3019 during U.S. morning trade, the pair's lowest since October 16; the pair subsequently consolidated at 1.3026, shedding 0.31%.

The pair was likely to find support at 1.2993, the low of October 5 and resistance at 1.3129, Thursday's high.

In a report, the National Association of Realtors said that home sales fell to 4.75 million in September, in line with expectations, from 4.83 million the previous month whose figure was revised up from 4.82 million.

The euro remained under pressure due to the lack of progress on a sovereign bailout for Spain.

Expectations that Madid will ask for a sovereign bailout has underpinned demand for the euro over recent days, but uncertainty about when such a request might come has made investors wary of driving the single currency much higher.

Meeting on Thursday in Brussels, European leaders made some progress towards establishing a single banking supervisor for the currency bloc, but, as expected, talked little about immediate plans for debt-ridden problem members, Spain and Greece.

---------- Post added at 11:30 PM ---------- Previous post was at 11:29 PM ----------

The U.S. dollar remained broadly higher against most of its major counterparts on Friday, as the lack of progress on a sovereign bailout for Spain dented market sentiment, as European leaders began a second day of talks in Brussels.

During U.S. morning trade, the dollar was higher against the euro, with EUR/USD shedding 0.31% to 1.3027.

Expectations that Spain will ask for a sovereign bailout has underpinned demand for the euro over recent days, but uncertainty about when such a request might come has made investors wary of driving the single currency much higher.

Meeting on Thursday in Brussels, European leaders made some progress towards establishing a single banking supervisor for the currency bloc, but, as expected, talked little about immediate plans for debt-ridden problem members, Spain and Greece.

Also Friday, official data showed that producer price inflation in Germany rose in line with expectations in September, ticking up 0.03% after a 0.05% rise the previous month.

---------- Post added at 11:31 PM ---------- Previous post was at 11:30 PM ----------

The U.S. dollar remained broadly higher against most of its major counterparts on Friday, as the lack of progress on a sovereign bailout for Spain dented market sentiment, as European leaders began a second day of talks in Brussels.

During U.S. morning trade, the dollar was higher against the euro, with EUR/USD shedding 0.31% to 1.3027.

Expectations that Spain will ask for a sovereign bailout has underpinned demand for the euro over recent days, but uncertainty about when such a request might come has made investors wary of driving the single currency much higher.

Meeting on Thursday in Brussels, European leaders made some progress towards establishing a single banking supervisor for the currency bloc, but, as expected, talked little about immediate plans for debt-ridden problem members, Spain and Greece.

Also Friday, official data showed that producer price inflation in Germany rose in line with expectations in September, ticking up 0.03% after a 0.05% rise the previous month.

---------- Post added at 11:38 PM ---------- Previous post was at 11:31 PM ----------

The euro slid against the dollar on Friday after home sales data disappointed in the U.S. and on reports Spain won't rush to seek a bailout.

Disappointing U.S. earnings sparked demand for the safe-haven dollar as well.

In U.S. trading on Friday, EUR/USD was trading down 0.28% at 1.3031, up from a session low of 1.3014, and off from a high of 1.3077.

The pair was likely to find support at 1.3014, the earlier low, and resistance at 1.3077, the earlier high.

U.S. existing home sales fell in September but in line with expectations, industry data revealed on Friday.

In a report, the National Association of Realtors said that home sales fell 1.7% to 4.75 million from 4.83 million in August, whose figure was revised up from 4.82 million.

Analysts had expected existing home sales to fall to 4.75 million last month.

While in line with expectations, the report stoked bearish sentiments on Wall Street and sent investors chasing the dollar, ditching the euro and higher-yielding currencies in the process.

Earnings fueled the risk-off trading session even more.

Microsoft reported late Thursday that its third-quarter net income fell 22% to USD4.47 billion, which missed expectations, while revenue fell 8% on year to USD16.01 billion.

General Electric, meanwhile, reported earlier that its third-quarter net income rose 8% to USD3.49 billion, while revenue rose 3% to USD36.35, missing market expectations.

"The global economy is uncertain, and we are prepared for a variety of economic outcomes," GE CEO Jeffrey Immelt said in a statement.

"We will continue to invest to win in our markets, while aggressively managing our overall cost structure."

Search giant Google released earnings earlier than planned late Thursday, which sparked confusion, and missed estimates as well.

The company reported revenue of USD14.10 billion, up 45% on year, though net income came to USD2.18 billion, down 20% on year and below expectations.

Thursday's U.S. employment data dampened appetite for risk as well.

The U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week rose by 46,000 to a seasonally adjusted 388,000, compared to expectations for an increase to 365,000.

The previous week’s figure was revised up to 342,000 from a previously reported 339,000, which was the lowest reading since February 2008.

Meanwhile in Europe, Spanish Prime Minister Mariano Rajoy said his government felt it was under no pressure to seek a bailout, which pushed the euro down further.

Requesting financial assistance would allow Spain to tap the European Central Bank's bond-buying program, which would lower yields in Spanish government debt auctions and ease credit conditions in the country.

---------- Post added at 11:43 PM ---------- Previous post was at 11:38 PM ----------

The euro slid against the dollar on Friday after home sales data disappointed in the U.S. and on reports Spain won't rush to seek a bailout.

Disappointing U.S. earnings sparked demand for the safe-haven dollar as well.

In U.S. trading on Friday, EUR/USD was trading down 0.28% at 1.3031, up from a session low of 1.3014, and off from a high of 1.3077.

The pair was likely to find support at 1.3014, the earlier low, and resistance at 1.3077, the earlier high.

U.S. existing home sales fell in September but in line with expectations, industry data revealed on Friday.

In a report, the National Association of Realtors said that home sales fell 1.7% to 4.75 million from 4.83 million in August, whose figure was revised up from 4.82 million.

Analysts had expected existing home sales to fall to 4.75 million last month.

While in line with expectations, the report stoked bearish sentiments on Wall Street and sent investors chasing the dollar, ditching the euro and higher-yielding currencies in the process.

Earnings fueled the risk-off trading session even more.

Microsoft reported late Thursday that its third-quarter net income fell 22% to USD4.47 billion, which missed expectations, while revenue fell 8% on year to USD16.01 billion.

General Electric, meanwhile, reported earlier that its third-quarter net income rose 8% to USD3.49 billion, while revenue rose 3% to USD36.35, missing market expectations.

"The global economy is uncertain, and we are prepared for a variety of economic outcomes," GE CEO Jeffrey Immelt said in a statement.

"We will continue to invest to win in our markets, while aggressively managing our overall cost structure."

Search giant Google released earnings earlier than planned late Thursday, which sparked confusion, and missed estimates as well.

The company reported revenue of USD14.10 billion, up 45% on year, though net income came to USD2.18 billion, down 20% on year and below expectations.

Thursday's U.S. employment data dampened appetite for risk as well.

The U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week rose by 46,000 to a seasonally adjusted 388,000, compared to expectations for an increase to 365,000.

The previous week�s figure was revised up to 342,000 from a previously reported 339,000, which was the lowest reading since February 2008.

Meanwhile in Europe, Spanish Prime Minister Mariano Rajoy said his government felt it was under no pressure to seek a bailout, which pushed the euro down further.

Requesting financial assistance would allow Spain to tap the European Central Bank's bond-buying program, which would lower yields in Spanish government debt auctions and ease credit conditions in the country.

[Bieela_cute]

EU Next Week
Elliott: irregular flat correction up 1.3135
Current upmove should be ended around 1.3080 - 1.3143. Any correction consolidation should find support in 1.2956 - 1.2895 zone.
Technical points
Key point 1.3026
Entry point 1.2965
Elliott 1.2804
Closing 1.3021
Projection 1.3237
Trendline 1.2886
Trendline 1.2956
Supports / Resistances
Res 2 1.3265
Ex-High 1.3139
Res 1 1.3143
Pivot 1.3017
Sup 1 1.2895
Ex-Low 1.2891
Sup 2 1.2769

[raihan8212]

The dollar rose against most major currencies on Friday as investors sought safety in the liquid U.S. currency after soft housing data and weak third-quarter earnings hit the wire earlier.

In U.S. trading on Friday, EUR/USD was down 0.35% at 1.3021.

U.S. existing home sales fell in September albeit in line with expectations, industry data revealed on Friday.

In a report, the National Association of Realtors said that home sales fell 1.7% to 4.75 million from 4.83 million in August, whose figure was revised up from 4.82 million.

Analysts had expected existing home sales to fall to 4.75 million last month.

While in line with expectations, the report stoked bearish sentiments on Wall Street and sent investors chasing the dollar, ditching stocks and higher-yielding currencies in the process.

Earnings fueled dollar demand even more.

Microsoft reported late Thursday that its third-quarter net income fell 22% to USD4.47 billion, which missed expectations, while revenue fell 8% on year to USD16.01 billion.

General Electric, meanwhile, reported earlier that its third-quarter net income rose 8% to USD3.49 billion, while revenue rose 3% to USD36.35, missing market expectations.

Internet search giant Google released earnings earlier than planned late Thursday, which sparked confusion, and missed estimates as well.

The company reported revenue of USD14.10 billion, up 45% on year, though net income came to USD2.18 billion, down 20% on year and below expectations.

The dollar also saw demand on news Spain won't rush to seek rescue financing.

Spanish Prime Minister Mariano Rajoy said his government felt it was under no pressure to seek a bailout.

Requesting financial assistance would allow Spain to tap the European Central Bank's bond-buying program, which would lower yields in Spanish government debt auctions and ease credit conditions in the country.

[turabawan8]

PRECIOUS-Gold tracks equities lower, heads for 2nd weekly fall

* Gold gives up early gains, EU summit eyed
* Coming up: U.S. existing home sales for Sept at 1400 GMT


By Lewa Pardomuan
SINGAPORE, Oct 19 (Reuters) - Gold gave up early gains on
Friday as shares in Asia slipped following a three-day rally and
as investors took a breather ahead of the outcome of a summit on
solving the euro zone debt crisis, which could support the euro.
Recent stimulus measures by central banks boosted gold's
appeal as a hedge against inflation and sent prices to an
11-month peak of $1,795.69 an ounce in early October, but a
rebound in the dollar and uncertainty in Europe later trimmed
gains.

[tarake_bd]

this week eur/usd is vary negative. eur/usd fall down. next week eur/usd will go 1.2900. when you trade flow news.

[ishvara]

We must also watch for the news that will be released next week in order to determine the trends that the market could follow at any point in EUR/USD. It has not broken out of its 200 pips range between 1.2900 to 1.3100. Once it does, then we would see a clearer new trend in this pair.

[sharifhasan]

Yesterday market move many pips and big effect EUR/USD pair.I profit 50 pip this pair.and was market down before weekly market close.

[najmul.djd]

eur/usd technical analysis by using : average directional movement index

adx : 36.3255
+di : 6.2014
-di : 18.9847
timeframe : 1 hour

time : 2300
date : 20.10.2012

[robiul alam]

EUR/USD kal NFP varta ke bad bahut badgaya kam se kam 150 pips trading and they used to think well forex fast money good forex fast busniess to money good thanks

[dollar]

after EUR / USD failed to penetrate (bounce down) then the predicted price level 1.3139 eur / usd would be bearish till Wealth 1.2840-12803 prices. but if the price of eur / usd can break 1.2803 level, there will be breakout and price eur / usd would be very bearish.

[hazem ahmed mohamed]

i think that EURUSD will retest the support level on the daily chart @61.8% then we can buy this pair after that our target point in this deal will be@100%.

[raihan8212]

EUR/USD enjoyed hopes for progress in the debt crisis and advanced within its range. With no real breakthroughs, the pair didn�t break critical resistance. Is it set to fall now? Public appearances by Mario Draghi, German Ifo Business Climate and the forward looking Flash PMI�s are the main events . Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD. The EU Summit didn�t make progress on debt crisis issues: No announcement about a fresh cash disbursement was made. Also regarding Spain, the lack of progress with a banking union probably didn�t help Spain make a

[shaon]

Uro/usd is a great pair.My favorite currency pair is uro\usd.I start with this pair and I am now trade with this pair. I will trade with this pair a long time.We can a make huge money by this pair.

[ichsanz]

http://sphotos-f.ak.fbcdn.net/hphotos-ak-snc6/p206x206/281435_544827958866200_1086460117_n.jpg
my analysis tomorrow is dated October 22, 2012 EURUSD from two indicators showed a strong bearish on H1 time frame .. and in the time frame H4 showed up first and then bearish again .. while in the daily timeframe indicates a very strong fall

[tarake_bd]

Today is Sunday. Now market is closed. Market is open 4pm.
Date: 21-10-2012
Eur/usd technical analysis�..
Using: megamind penel v2.0
Today high or low-64pips.
Daily average- 86 pips.
Woodies trend: medium down.
daily Resistance 3- 1.3184
daily Resistance 2- 1.3156
daily resistance 1- 1.3111
Daily Pivot point 1.3083
Daily support 1- 1.3037
Daily support 2- 1.3009
Daily support 3- 1.2964

[FREEDOM]

After failed to break highest level at 1.3139, the price keep going down for retracement, but i suspect this may be a reversal to bearish trend. Last friday closed price could below the previous low from D1 candle, so it means the bearish trend is remain strong here.

[gar3oun]

http://i.imgur.com/Cr9pg.jpg
hello all traders,
i want to share with you this screen shot to explain for you the price direction
1-here we see a breaking uptrend channel,so we should make a sell from the second candle after the breaking candle,but as we see there is some resistance with the 38.2 fibo level,so there is a possibility that the price make a retestingand go to the 61.8 level and than it goes down directly with the news for the visit of draghi to germany

[Jobs]

The couple began to go down, and now come down to support level 1.3020 .. is basically stop judging by the price chart more biased downwards so personally I expect that the breakdown and the movement of the price to at least 1.2965, but if you allow volantilnost and may lower ...:)

[Bieela_cute]

Elliott: flat correction down 1.2953
It looks set to visit further lower territory down to around 1.3017 - 1.2997. Its corrective attempts should fail ahead of 1.3049 or 1.3061. Stop loss above 1.3101 zone.
Warning: End of trend - Imminent end of bearish move
Technical points
Key point 1.2996
Entry point 1.3029
Elliott 1.3139
Closing 1.3021
Projection 1.2986
Trendline 1.3085
Trendline 1.3046
Supports / Resistances
Res 2 1.3101
Ex-High 1.3077
Res 1 1.3061
Pivot 1.3037
Sup 1 1.2997
Ex-Low 1.3013
Sup 2 1.297

[tradergalau]

I think EURUSD still in bearish trend and now this pair is trying to reach the support level at 1.2987. Then, if EURUSD can break that support level, EURUSD may continue the bearish trend to the next support level at around 1.2908. But if fail to break EURUSD may rebound there.
http://i.imgur.com/a8D7N.gif

[hawk jet]

The EUR/USD pair fell on Friday again, as we find the 1.3150 level far too tough for the buyers to take out. However, there is a trend line below that could provide support going forward. With this in mind, we are not ready to start selling the Euro yet, but would actually wait until we got to make a new low at the 1.28 level.

There is a potential for a new consolidation area to form between the 1.28 and the 1.3150 level, and as such we look at this more as a short-term trading opportunity

[dollar]

currently selling eur/usd. the daily time frame shows rsi and stochastic moving out of the overbought region. macd still above zero with histogram slightly above signal line. not sure if my rsi and stoch are delivering a false signal or that macd is slow to react. either way, i'm selling.

[romannil]

Eur/usd technical analysis for 22.10.2012 by using : Auto pivot indicator.

resistance 3:1.3135
resistance 2:1.3108
resistance 1:1.3066

pivot point :1.3039

support 1:1.2997
support 2:1.2970
support 3:1.2928

[newentry]

scalping
indi ; stochastic, BB + MA
this pair will move down after several days it moves up with higher range
range : 1.3035 1.3000
set TP 15 pips max.

[amni570]

EURUSD: Last week EUR/USD fell and rose. It bottomed at 1.2826 and has begun to rise since then. A new long signal is being generated; something that may be taken as more confirmation is gotten.

[yanni4forex]

i think that EURUSD will retest the support level on the daily chart @61.8% then we can buy this pair after that our target point in this deal will be@100%.

yep thats what really is happening right now, but i am afraid of the usa news will change this ,, i hope so...

[raihan8212]

The euro turned lower against the U.S. dollar on Friday, paring some of the week�s gains as uncertainty over the situation in Spain and Greece, as well as renewed concerns over the global economic outlook curbed demand for the single currency.

EUR/USD hit 1.3138 on Wednesday, the pair�s highest since September 17; the pair subsequently consolidated at 1.3022 by close of trade on Friday, still up 0.53% for the week.

The pair is likely to find support at 1.2942, the low of October 16 and resistance at 1.3076, Friday�s high.

The euro weakened after a two-day European Union summit ended on Friday, without any indication on when Spain will formally request a bailout or whether Greece will receive the next tranche of its bailout loan.

EU leaders agreed on a timeframe to create a European banking supervisor, which would allow the euro zone�s bailout fund to directly give capital to struggling banks across the euro currency bloc.

The dollar also found support after a report from the National Association of Realtors showed that sales of previously owned homes fell 1.7% in September, in line with expectations.

The data came as weaker-than-expected third quarter earnings results from Microsoft and McDonald�s sapped investor demand for riskier assets.

The euro had strengthened broadly on Wednesday, after ratings agency Moody�s decided not to down****e Spain�s credit rating to junk status.

Moody�s confirmed Spain�s credit rating at Baaa3 with a negative outlook late Tuesday and expressed confidence that reforms enacted by the Spanish government and support from the euro zone would ensure that Madrid had continued access to the credit market.

The yield on Spanish 10-year bonds fell to 5.53% following the announcement, the lowest level since April.

In the week ahead, investors will be focusing on U.S. data on third quarter economic growth, as well as the outcome of the Federal Reserve�s first policy meeting since the central bank announced a third round of quantitative easing in September.

In the euro zone, market participants will be closely watching Wednesday�s German business sentiment data, as well as preliminary data on manufacturing and service sector growth.

Ahead of the coming week, Forexpros has compiled a list of these and other significant events likely to affect the markets. The guide skips Monday and Tuesday, as there are no relevant events on these days.

Wednesday, October 24

The euro zone is to release preliminary data on manufacturing and service sector activity, leading indicators of economic health. Germany and France are to release individual reports. In addition, the Ifo Institute is to produce a report on German business climate.

The U.S. is to release official data on new home sales, a leading indicator of economic health, as well as government data on crude oil inventories.

Later Wednesday, the Federal Reserve is to announce its benchmark interest rate and release its closely watched monetary policy statement.

Thursday, October 25

The U.S. is to release official data on durable goods orders, a leading indicator of production, as well as data on pending home sales and initial jobless claims.

Friday, October 26

In the euro zone, Germany is to release the Gfk report on consumer climate, while Spain is to release official data on the unemployment rate.

The U.S. is to round up the week with preliminary data on third quarter GDP; the foremost indicator of economic activity and the leading gauge of the economy's health. In addition, the University of Michigan is to release revised data on consumer sentiment.

---------- Post added at 09:24 AM ---------- Previous post was at 09:22 AM ----------

The Euro was higher against the U.S. Dollar on Sunday.

EUR/USD was trading at 1.3025, up 0.01% at time of writing.

The pair was likely to find support at 1.2952, Tuesday’s low, and resistance at 1.3139, Wednesday’s high.

---------- Post added at 09:26 AM ---------- Previous post was at 09:24 AM ----------

The Euro was higher against the U.S. Dollar on Sunday.

EUR/USD was trading at 1.3025, up 0.01% at time of writing.

The pair was likely to find support at 1.2952, Tuesday�s low, and resistance at 1.3139, Wednesday�s high.

---------- Post added at 09:29 AM ---------- Previous post was at 09:26 AM ----------

The euro traded steady to lower against the dollar on Monday as investors continued to take up greenback positions after Spain said it won't rush to request a bailout.

Investors also sought safety in the dollar as they prepare for the final stages of U.S. election season, with no presidential candidate emerging as a front-runner so far.

In Asian trading on Monday, EUR/USD was trading down 0.02% at 1.3020, up from a session low of 1.3016, and off from a high of 1.3029.

The pair is likely to find support at 1.2952, the low of October 16 and resistance at 1.3077, Friday’s high.

Late last week, Spanish Prime Minister Mariano Rajoy said his government felt it was under no pressure to seek a bailout, which pushed the euro down.

Requesting financial assistance would allow Spain to tap the European Central Bank's bond-buying program, which would lower yields in Spanish government debt auctions and ease credit conditions in the country.

The dollar saw ongoing support as investors shunned risk on news that U.S. existing home sales fell in September.

In a report, the National Association of Realtors said that home sales fell 1.7% to 4.75 million from 4.83 million in August, whose figure was revised up from 4.82 million.

Analysts had expected existing home sales to fall to 4.75 million last month, though the drop was deep enough to fuel a risk-off trading session that carried into Monday.

Meanwhile in the U.S., presidential elections will take place on Nov. 6, 2012, and with President Barack Obama and his Republican challenger Mitt Romney running rather even in the polls, investors began to move to the safe-haven dollar until political uncertainty ends.

[selamet]

EUR/USD Today's support: - 1.2983 (main), where correction is possible. Break would give 1.2964, where correction also may be. Then follows 1.2932. Break of the latter would result in 1.2909. If a strong impulse, we would see 1.2882. Continuation will give 1.2866.

[new-FX]

http://img84.imageshack.us/img84/5647/imagexj.gif

The pair continued the euro against the dollar, trading negative last Friday just shy of 1.3000, which is a safety valve to the expectations of the upward trend, and shows the influence of negative stochastic

SMA 50 continues to provide good support for opportunities for the continuation of the upward trend, which makes us expect the upward trend which requires to achieve a clear breach of level 1.3145

[forexking2]

The pair continued trading negative last Friday just shy of the psychological barrier of 1.3000, which is a safety valve for the rising expectations of the overall trend, and shows the influence of negative stochastic clear on the price.

[ashaab]

http://i50.tinypic.com/vgh2j9.png

The short term trend of the pair is to the downside. Intraweek trading range of the pair is expected among key support at 1.2750 and key resistance at 1.3270. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move this week.

[gandha]

Asian markets will at least try to raise the pair first, and then the movement will look when entering the London session, though quiet news tuk Euro today. the existence of sentiment towards the euro zone uncertainty Spain & Greece.
Analysis for ane pair EUR Sell For today.,. Simply, if price able to break through the point of support at 1.3011 and the downtrend will experience,. However these days seem to be experiencing any movement in the area who datar2 1.3020 to 1 , 3060, but if you can penetrate the 1.3072 price will be the price continued to rise,.

[kakpay]

Technically, the euro was at 1.3007 area, after being weakened from 1.3134 resistance area. If today the euro will rise towards 1.3134 area or return to an area of ​​resistance, if through the 1.3200 resistance area then becomes the next target area. But if today's prices are not able to then target 1.2930 euro decline.

[nuh514]

Euro has begun its start on the new week with a bullish mode against its US counterpart. The pair will face first resistance at 1.3114, then 1.3129 and then 1.3140(a high of October 19). Whereas on the downside it will get support at 1.3014 and if this support level is breached then it will clear the way to a clear bearish trend.

[secret alibi]

http://i.imgur.com/lxa77.png
The bias is bearish in nearest term as we got
head & shoulder formation oh hourly chart
suggest potential bearish correction phase at
least targeting 1.3000 area. Another
consistent break & daily close below that area
should trigger further bearish momentum
aiming 1.2895 region which is Fibonacci
retracement 23.6% level. In order to continue
the bullish scenario, we need a clear break
above the head & shoulder neckline around
1.3080 area, at least retesting 1.3140 key
resistance area.

Resistance Level : 1.3080, 1.3140, 1.3300
Support Level : 1.3000, 1.2895, 1.2800
Trading Range : 1.3080 – 1.2895
Trend : Bearish

[Miki]

That ended in a small northern correction, the trend in the south resumed until the need to follow how to behave around a pair of supporting 3015 (whether consolidation and rebound from it) if the course will be able to overcome this level of selling more.

[forexking2]

Expected trading range for this week between: support 1.2900 and resistance 1.3400
General tendency is expected for this week: UP, provided that the breach of 1.3145

[great white]

EURUSD continues its upward movement from 1.2241 and reaches as high as 1.2871.
Further rise could be expected after a minor consolidation, and next target would be at 1.3000.
Initial support is at 1.2750, and the key support remains at the upward trend line on 4-hour chart,
only a clear break below the trend line could signal completion of the uptrend.