Browsing all articles tagged with ECB Press Conference
Jul
4

EUR/USD D1 Technical July 14

The outlook for the EUR/USD is bullish. Yesterday pair manage to hold its support level 1.2930 level and start moving upward. Bollinger bands are showing buy signals for the pair. If pair manage to break through its resistance and H4 candle chart closure above 1.3030 level then EUR will continue its uppish trend towards 1.3070-1.3010 level respectively.

The scenario will be vanished, If pair didn’t manage to hold its key support 1.2880 level and H4 candle closure below this level will indicate bearish strength that will open gates towards southward and pair will then drop towards 1.2830-800 level.

High impact News can change the scenario. News like Minimum Bid Rate, ECB Press Conference.

 

May
2

EUR/USD D1 Technical May 02

EUR/USD remain bullish above 1.3135 level. Yesterday pair break its resistance 1.3200 but didn’t manage to closure above this level.  So, pair is likely to face its support level today.

If EUR/USD manage to hold its support level 1.3135 and H4 closure above this level then pair will continue its bullish trend and target 1.3240 level.

On the other hand. Break through support level will allow EUR/USD to fall rapidly towards south and target  1.3070-50 level respectively.

High impact News  can affect the movement of EUR/USD. News like Minimum Bid Rate, ECB Press Conference, Trade Balance, Unemployment Claims.

 

Apr
4

EUR/USD D1 Technical April 04

EUR/USD is trading in a range of 1.2880-1.2750 level. Break of any level will clear the trend. If EUR/USD manage to hold its key level 1.2750, then pair is expected to have bullish strength and target will be 1.3070 level. On the other hand, if EUR/USD didn’t manage to hold its support 1.2750 level. This will then indicate pair is under pressure and EUR will rapidly dropped towards 1.2700-650 level respectively.

High impact News can affect the movement of EUR/USD. News like Minimum Bid Rate, ECB Press Conference, Unemployment Claims, Fed Chairman Bernanke Speaks.

Feb
7

EUR/USD D1 Technical February 07

Today Euro will test its resistance at 1.3550 level and we are expecting pair to get a pull back, however break through 1.3600 level will change the scenario and pair then move further upward. But we are seeing a rally which take Euro towards 1.3430-00 level first. Then EUR will get a support and target 1.3800 level.

High impact News can affect the movement of EUR/USD. News like Minimum Bid Rate, ECB Press Conference, EU Economic Summit and Unemployment Claims.

Jan
10

EUR/USD D1 Technical January 10

The outlook for the EUR/USD is bearish. Pair will test its support at 1.2990. Breakthrough this level will provide pair more strength to pair and EUR/USD will then target southward. On the contrary, from 1.2990 level price can get bounce back. H4 and D1 chart are showing a group of buyers in this zone.

High impact News can affect the trend of EUR/USD. News like Minimum Bid Rate, ECB Press Conference and Unemployment Claims.

Dec
6

EUR/USD D1 Technical December 06

The outlook for EUR/USD is bearish for today. H4 chart and Bollinger bands are showing sell signals for the pair. If pair manages to breakthrough its support 1.3040 level, it will then further go downward.

Lately High impact News can change the scenario. News like Minimum bid Rate, ECB Press Conference and Unemployment Claims.

Nov
8

EUR/USD H4 Technical November 8

After a minor consolidation, EUR/USD continues its downward movement from 1.3138, and the fall extends to as low as 1.2736. Further decline would likely be seen, and next target would be at 1.2650 area. Resistance is now at 1.2875, followed by the downward trend line on 4-hour chart, only a clear break above the trend line could signal completion of the downtrend. Europe Minimum Bid Rate, ECB Press Conference and U.S Trade balance and Unemployment claims can seriously affect the rate of pair.

Nov
8

USD/CHF D1 Technical November 8

With 0.9380 minor support intact, intraday outlook is mildly on the upside and current rebound from 0.9214 could extend further to 38.2% retracement of 0.9971 to 0.9214 at 0.9503. On the downside, below 0.9380 minor support will turn bias neutral first. Break of 0.9276 will indicate that fall from 0.9971 is finally resuming. Europe Minimum Bid Rate, ECB Press Conference and U.S Trade balance and Unemployment claims can seriously affect the rate of pair.

Oct
4

AUD/USD D1 Technical October 4

As we predict last time after passing through its support 1.0285-90, Aussies is testing the low of 1.0167 level (that on 6th of September) , if it successfully cross this level it will get a good potential to fall towards south. So price action on 1.0165 carefully watched.
Lately some high impact news can change the scenario, news like ECB Press Conference, Unemployment Claims, FOMC Meeting minutes.

Oct
4

GBP/USD D1 Technical October 4

 

GBP/USD is not providing clear trend, data of Asset Purchase Facility, Official Bank Rate for GBP remains neutral. Today pair has resistance 1.6175-80 and support is around 1.6065-70. The price action on these levels are important to watched, for pair still have some high impact news to release like ECB Press Conference, Unemployment Claims, and FOMC Meeting minutes that can have its impact over the pair.