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Thread: Technical analysis on EUR/USD By Instaforex

  1. #1
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    Default Forecast of EUR/USD for September 08, 2014

    The euro pushed to a 14-month low and is trading at 1.2940. On the down side, the pair has support between the 1.2804-1.277-1.27750 levels. For the rest of the month, the given levels are valid support. A break below, these levels lead to another fall up to 1.2432 and 1.2211 (200Dsma). In June 2010 and July 2012, 200Dsma in a monthly chart twice gave enough support. For the short term, with a break below 1.2750, we can expect 1.2211 levels. On the higher side, a close above 1.34 only the bullish view starts blinking in the charts on positional basis, until selling on every upmove.
    Technical analysis on EUR/USD By Instaforex-eurusdmonthly-png

  2. #2
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    Default Technical analysis on EUR/USD By Instaforex

    The greenback is supported by the strong US weekly jobless claims numbers. On Wednesday's session the pair was falling below the ascending symmetric triangle, closed below that and 20dsma as well. In yesterday's session, the pair was rejected at the 20Dsma level. The initial resistance level was at 1.2689 levels. Until the pair closes above 1.2690, sell on every rise. In the h4 chart, the prices are facing a strong resistance level at 12DEMA. On the downside, the pair has support at 1.2625, below this, 1.2606, 1.2584 and 1.2578 are open targets. The selling pressure will increase below 1.2578 (the 80.0 fib level) towards the previous lows at 1.2500 which are strong support and key trend decider levels. On the other side, 1.2676, above 1.2686, 1.2710 and 1.2740 are strong resistance levels. We recommend fresh selling below 1.2625 or wait for an upswing to start selling at 1.2740 levels.

    Trade-
    Selling below 1.2625
    Technical analysis on EUR/USD By Instaforex-eurusdh42-png

  3. #3
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    Default Technical analysis of EUR/USD for October 30, 2014 By Instaforex

    Technical outlook and chart setups:
    The EUR/USD pair drops below 1.2600 (interim) support, but is still expected to carve a higher bottom above 1.2500. The pair is testing fibonacci 0.786 support around 1.2560 levels as seen here. A bullish reversal here would still drag prices higher up to the 1.3100 mark in the sessions to come. On the flip side, a drop below 1.2500 would delay matters further and bring in bears to regain control. Support is now at 1.2500 on the 4H chart view while resistance is seen at 1.2760, followed by 1.2850/1.2900 levels respectively. It is still recommended to initiate long positions now (1.2570/80), risk remains below 1.2500.

    Trading recommendations:
    Remain long, stop below 1.2500, the target is 1.3120.
    Good luck!
    Technical analysis on EUR/USD By Instaforex-eurusd30102014-jpg

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100, analysis, eur, eur/usd, fibonacci, forecast, instaforex, low, resistance, short term, stop, support, technical analysis, trading, trend, usd

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