Browsing all articles tagged with EUR
Jul
5

EUR/USD D1 Technical July 05

EUR/USD get a pull back from 1.3000 level yesterday after the news of ECB and dropped up to 140 pips. Now the support is at 1.2850 level and resistance is around 1.2950 level. break through any level will confirm the new trend for the pair. At this movement Bollinger bands are showing sell signals. But as long pair hold 1.2850 level there can up some upward movement.

So, price action on support level should be watch. H4 and D1 candle chart are showing a group of Buyers in this zone. If EUR/USD manage to hold its support and H4 candle closure above 1.2950 level then it will provide bullish strength to pair and EUR/USD will then continue its uppish trend towards 1.3048 which is acting as pivot point.

On the contrary, If pair fails to hold its support level 1.2850 and H4 candle closure below this level then it will open gates towards southward and EUR/USD will then fall rapidly towards 1.2800 level.

High impact News can affect the movement of EUR/USD. News like Non-Farm Employment Change, Unemployment Rate.

 

May
28

EUR/USD D1 Technical May 28

After getting two times pull back from 1.3000 level EUR/USD start fall towards 1.2880 level. As pair manage to break this level now EUR/USD is expected to move southward and target 1.2800 level. Bollinger bands are also showing sell signals.

Price action on  1.2800 level is important to watch. a group of buyers there in D1 and H4 chart. If EUR/USD reached 1.2800 level and get a pull back then it will provide a valid buy entry.

On the contrary, if pair manage to break 1.2800 level and D1 closure below support level then it will indicate EUR is under pressure and then pair will continue its bearish trend.

 

May
24

EUR/USD D1 Technical May 24

Bollinger bands are showing sell signals but as long 1.3006 level not broken EUR/USD will remain bearish. Pair is expected to move up today. Yesterday EUR/USD manage to give a day closure above 1.2900 level which will provide some bullish strength and EUR/USD is expected to move up and face its resistance at 1.2955 level.

If pair break through its resistance then pair will target towards 1.3006 level. Price action on 1.3006 level should be carefully watch. If EUR manage to overcome this level and Weekly closure above 1.3006 then pair will continue its uppish trend.

High impact News can change the scenario. News like Core Durable Goods Orders m/m, German Ifo Business Climate.

 

May
20

EUR/USD D1 Technical May 20

The outlook for EUR/USD remain bearish but currently D1 and H4 candle chart are showing uppish trend which will take EUR/USD to test its resistance at 1.2880 level. Bollinger bands are tighten due to oversold of pair.

There can be two scenario. First, if EUR/USD manage to break its resistance and H4 candle chart close above 1.2880 level then it will provide more potential to EUR and pair will further move towards north.

Secondly, Pair can get a pullback form 1.2880 level. So price action on 1.2880 level should be watch. If pair fails to overcome this level and H4 closure below 1.2880 level then it will provide a valid sell entry.

 

May
8

EUR/USD D1 Technical May 08

EUR/USD is trading in a range of 1.3145 to 1.3050 level. Bollinger bands are showing neutral signals. But EUR/USD is expected to remain bearish under 1.3145 level.

There can be two scenario. First, To buy EUR/USD if pair break 1.3145 level and H4 candle close above this level. Secondly, on the break of 1.3050 level we can sell EUR and take profit at 1.3000 level.

 

Apr
25

EUR/USD D1 Technical April 25

EUR/USD will remain bullish above 1.3000 level. Pair is expected to test its resistance at 1.3080 level. Price action on 1.3080 should be watch carefully. Pair can get a pull back from this zone if H4 candle fails to close above 1.3080 level and if EUR/USD manage to break 1.3080 level and H4 candle closure above 1.3080 level, it will then take EUR up towards 1.3140-1.3170 level respectively.

High impact News can affect the movement of EUR/USD. News like Unemployment Claims.

 

 

Apr
10

EUR/USD D1 Technical April 10

The outlook for EUR/US D is bullish for today. Yesterday pair manage to overcome its resistance 1.3070 level. Now the next target for EUR is 1.3139 level. Bollinger bands are showing buy signals for the pair. If EUR/USD manage to break 1.3139 level and H4 candle close above this level then pair will continue its uppish trend and target 1.3170 level.

On the other hand, If pair didn’t manage to break its resistance and H4 candle close below resistance level then it will show EUR/USD got bearish strength and pair will start moving southward.

High impact Data can affect the movement of EUR/USD. News like FOMC Meeting Minutes.

 

Apr
9

EUR/USD D1 Technical April 09

EUR/USD is testing its resistance at 1.3070 level. If pair manage to break this level and H4 candle close above 1.3070 then it will provide more bullish potential to pair and EUR/USD will further move upward and target 1.3140-70 level respectively.

The scenario can be change, if EUR/USD fails to break 1.3070 level and H4 candle close below resistance then EUR will start moving towards southward.

Apr
8

EUR/USD D1 Technical April 08

The Trend for the EUR/USD is not clear yet but pair is expected to move up and test its resistance at 1.3070 level. Price action on this level should be carefully watch. If EUR manage to break this level today and H4 candle close above 1.0370 level then pair will further move upward and target 1.3130-70 level respectively. The scenario will be vanished, if EUR/USD didn’t manage to hold its support 1.2880 level.

High impact New can change the scenario. News like Fed Chairman Bernanke Speaks.

 

Apr
2

EUR/USD H4 Technical April 02

EUR/USD is currently testing its resistance at 1.2870 level. If pair manage to break this level and H4 candle close above 1.2870 level then pair will further move towards north. The scenario can be change if pair fails to break its resistance and H4 candle close below 1.2870 level then pair is expected to target 1.2800-750 level respectively.

High impact News of EUR can affect the move of pair. News like Italian Manufacturing PMI.