Technical Analysis.

[SG Trader]

i think technical analysis is more better than fundamental, but it depend on each trader.
i'm fear about fundamental news so i choose technical to my strategy

[mbiut]

i think EUR/USD
It is more likely to go down to around 1.4430 or lower, and after that, It is more likely to go up to around 1.45 or higher.
and GBP/USD
It is more likely to go down to around 1.63 or lower than 1.6270, and after that, It is more likely to go up to around 1.64. good luck

[pgidia]

Actually the technical analsis poster has been on vacation so was not updated.

Anyways you will see update in few days.

Anyways my Analysis are as follows

EURO USD: Sell below 4362 for tgt of 4304 which is 55 ema and 55wma so this level wil be key point.

GBPUSD: Will be good sell with SL of 6505 tgt can be 6400

[pgidia]

NOw Since USA Credit rating has been downgraded from AAA to AA+ this will be major factor guiding currencies on Monday It could be another volatile day where currencies can trade direction less

[pgidia]

EU have been on 1.4300 for sometime now, is there still any opportunity to take long position ? since it looks like a sideways in my chart, in my opinion it will be key level, if they able to comfortably break that level then i will go for the bull side

EU looks weak on daily and weekly chart thus long positon is advisable only at 1.4013 that will be good level to enter for long term

EUR/USD's slide has been continuing for almost a week now. Dollar now seems to be getting stronger, but for how long. for now the tide is in favor of the USD. so its better to ride that wave and make money.

But USD rise can be curtailed today by NFP data if that data comes in weak dollar will run out of gas

[Raja Krsnan]

EUR/USD's slide has been continuing for almost a week now. Dollar now seems to be getting stronger, but for how long. for now the tide is in favor of the USD. so its better to ride that wave and make money.

[fravash]

Technical Analysis and Trading Recommendations.
EUR/USD
July 25, 2011.


Pivot Point: 1.4372



Overview:

As expected, the EUR/USD's rise from 1.4280 has extended further to started showing the signs of Bullish market. As well, it should be noted that the price has still been trapped between 61.8% Fibonacci Retracement levels and 100%. Moreover, the pair has been set above 50% Fibonacci five months ago (18th of March 2011). Therefore, the market indicates a Bullish opportunity on level of 1.4292 with a first target of 1.4480, and continues towards 1.4530. if a break the level of 1.4280 it will call for downtrend in order to continue Bearish towards 1.4135.

Recommendations:

According to previous events, the price has still trapped between 1.4299 and 1.4437.

Buy above 1.4300 with a first target of 1.4480 and continues toward 1.4530.
Sell below 1.4280 and take profit at 1.4135.

Technical levels:

R3: 1.4536
R2: 1.4486
R1: 1.4422
PP: 1.4372
S1: 1.4308
S2: 1.4258
S3: 1.4194

EU have been on 1.4300 for sometime now, is there still any opportunity to take long position ? since it looks like a sideways in my chart, in my opinion it will be key level, if they able to comfortably break that level then i will go for the bull side

[pgidia]

GBP USD is having minor resistance at 1.6155 i.e 55 EMA on daily chart. Break through this can easily take it to 100 SMA 1.6255

@Oracle Your Pivot point pf 1.6115 is also facing this minor ema resistance.

[pgidia]

I think EURO USD will get direction from EU Summit. Because now it is Make or Break time for european countries to end there debt crisis.

[oracle]

Technical Analysis.
EUR/USD
July 20, 2011.

Pivot Point: 1.4147



Overview:

As expected, the EUR/USD's turbulent rise from 1.3840 has extended further to as high as 1.4282 a week ago. It should be noted that the price has still been trapped between 50% Fibonacci Retracement levels and 61.8%, Moreover, after it couldn't close below 50% Fibonacci Retracement, the market started showing the signs of Bullish market, and the price has been set above 50% Fibonacci five months ago (18th of March 2011). Therefore, the market indicates a Bullish opportunity on level of 1.4125 with a first target of 1.4250, and continues towards 1.4335. Meanwhile, the RSI is below 50 on daily chart, meaning it is still calling for downtrend on level of 1.4075 and continues Bearish towards 1.395.

Technical levels:

R3: 1.4373
R2: 1.4295
R1: 1.4225
PP: 1.4147
S1: 1.4077
S2: 1.3999
S3: 1.3929