Browsing all articles tagged with EUR/USD
Jul
8

EUR/USD D1 Technical July 08

On last Friday, pair get bearish and dropped towards 1.2830 level.  Bollinger bands are still showing bearish signal.  Pair is expected to test its next support at 1.2750 level.

There can be two scenarios. Firstly, If pair manage to reached to 1.2860 level then we can sell this pair with stop loss above 1.2900 level and take profit at 1.2800.

Secondly, If pair manage to break 1.2900 level then we can buy this pair and take profit at 1.2950 level. If pair get a pull back from 1.2950 level then pair will fall again towards 1.2850 level.

High impact News can affect the movement of pair. News like Eurogroup Meetings, ECB President Draghi Speaks.

 

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.

 

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.

 

Jul
3

EUR/USD D1 Technical July 03

The outlook for the pair is bearish. The key level is 1.2880 level. If today EUR/USD manage to hold this level and H4 candle closure above resistance 1.3015 level then pair will continue its uppish trend and will target 1.3070-1.3111 level respectively.

But if EUR/USD fail to hold its support 1.2880 level and H4 candle closure below this level then it will show more bearish strength and EUR will then further dropped towards southward and target will be 1.2800 level.

High impact News can change the scenario. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI.

Jul
2

EUR/USD D1 Technical July 02

EUR/USD will remain in bearish trend under 1.3106 level. Bollinger bands are showing sell signals for the pair.  If pair manage to break through its resistance 1.3106 level and h4 candle chart closure above resistance then pair will show bullish potential  and EUR/USD will then continue its uppish trend towards 1.3150-70 level respectively.

But if pair fails to break its resistance and H4 candle closure below 1.3100 then it will provide a valid sell entry point with stop loss just located above 1.3006 and take profit at 1.3010 level.

 

Jun
27

EUR/USD D1 Technical June 27

EUR/USD manage to break its support level 1.3006 yesterday. Now pair is expected to target 1.2950 level. Bollinger bands are showing sell signals for the pair. Price action on 1.3107  level should be watch.

If EUR/USD manage to reached that level and get a pull back and H4 candle closure below resistance then it will provide a valid sell entry with stop loss located just above 1.3150 level and take profit at 1.2955 level.

On the contrary, If pair manage to break through its resistance and H4 candle closure above 1.3107 then it will allow pair to further move up and target 1.3150-75-200 level respectively.

High impact News can change the scenario. News like Unemployment Claims, Pending Home Sales m/m, Italian 10-y Bond Auction.

 

Jun
26

EUR/USD D1 Technical June 26

EUR/USD is in bearish mood. The target for the pair is to face its support around 1.3006 level. Bollinger bands are also providing sell signals for the pair. Price action on 1.3006 level should be carefully handle.

EUR/USD can get a pull back from this zone D1 and H4 candle chart are showing group of buyers in this zone.  So if pair get a bounce from 1.3006 level and H4 candle closure above support, it will then provide a valid buy entry point and take profit at 1.3200 level.

On the other hand, If pair manage to break through its support level 1.3006 and H4 or D1 candle close below this level then it will show pair got more bearish strength that will allow pair to continue its movement towards southward.

 

Jun
25

EUR/USD D1 Technical June 25

EUR/USD will remain in bearish trend under 1.3240 level.  The trading range for the pair is 1.3007-1.3240 level. Bollinger bands are providing sell signals for the pair. Price action on 1.3200-40 level should be watch. If pair manage to up towards north and test its resistance and H4 candle closure below resistance 1.3200 then it will indicate lack of bullish strength and will provide a valid sell entry point.

On the contrary, If pair manage to give a H4 candle closure below 1.3100 level then it will fall rapidly towards its next support 1.3007 level.

High impact News can affect the trend of EUR/USD. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.

 

Jun
24

EUR/USD D1 Technical June 24

EUR/USD is under pressure. Bollinger bands are providing sell signals for the pair. Below 1.3170 level pair will remain in bearish trend. The expected target for the EUR is 1.3015 level.

But there can be two scenario. First, If EUR/USD manage to break through 1.3170 level and H4 candle closure above resistance then pair will further move upward. Secondly,  If pair get a pull back from resistance zone and H4 candle closure below 1.3170 then it will provide a valid sell entry point targeting towards support 1.3015 level.

High impact News can change the scenario. News like German Ifo Business Climate.

 

Jun
19

EUR/USD D1 Technical June 19

The outlook for the EUR/USD is bullish but there is a strong resistance at 1.3434 level. Pair can get a pull back from this level. Price action on 1.3434 level should be watch. If pair manage to break through this level and H4 candle closure above this level then next target for the pair will be 1.3500 level.

On the contrary, If pair fails to break this resistance level and get a pull back then it will indicate lack of Bullish strength and EUR/USD will then rapidly fall towards 1.3314 level.

High impact News can affect the trend of EUR/USD. News like FOMC Economic Projections, FOMC Statement, FOMC Press Conference.