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EURUSD Analysis.


Klimov

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On Tuesday this pair was under bear pressure until it found a strong resistance at 1.1135 level. Yesterday euro had an attempt to increase towards 1.1211, but bears had a serious positions there.

http://i11.pixs.ru/storage/0/0/5/EURUSDH1pn_8550195_17793005.png

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  • 4 weeks later...
  • 3 weeks later...

EURUSD H1 chart: yesterday the pair has upgraded Low, completing the third wave down to the support level at 1.0847 and now the correctional waveis going up. I expect that we reach the 50% Fibo from the last fall. This is the level of 1.0980-1.0985 and then the fifth wave down.

http://i11.pixs.ru/storage/9/6/0/EURUSDH1pn_7186624_18304960.png

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  • 4 weeks later...

On Tuesday, September 8, the data on Eurozone GDP for the 2nd quarter and 10 September 2015 will be published. On Thursday, the Bank of England decision on interest rates will be released. Weekly trend may be formed in those days. Today, I agree that the general trend is the upward trend and you should buy at current levels and above 1.1115 with target points 1,121 and 1,126, with regard to Mon-Tue-Wed The pivot at 1.1115

http://i10.pixs.ru/storage/4/3/9/EURUSDH1pn_8970447_18704439.png

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  • 3 weeks later...

eurusd-h1-riston-capital-ltd.png

 

EURUSD closed out last week on the back foot and has fallen back towards the recent lows at 1.1105/1087, also the rising 55-day average. Support has again been found here, however, our bias stays lower for an eventual break below 1.1087. This should then allow a slide to the mid-August low/78.6% retracement support at 1.1018/03, with potential trendline support showing now at 1.0896.

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https://charts.mql5.com/8/951/eurusd-h1-riston-capital-ltd.png

 

Taking out 1.1280 with conviction could trigger an acceleration into a minor top at 1.1295 and a downtrending angle at 1.1319. A failure to hold 1.1237 will indicate the presence of sellers. The daily chart indicates there is room to the downside with the next target the Fib level at 1.1177. The next target under this level is a short-term uptrending angle at 1.1144.

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The pair is traded within the rising channel and its bottom is 1.1150, from where its growth is possible to the resistance level; sloping resistance line is located near 1.1295 level. Now the intermediate support line is the level of 1.1215.

http://i11.pixs.ru/storage/5/8/9/EURUSDH1pn_2936093_19027589.png

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  • 4 weeks later...

Yesterday the currency pair EUR/USD was traded in a sluggish mode, having passed 48 points for the trading session (1.1029 - 1.1077). So, we're waiting. Yesterday the pair bounced from the upper border of the descending trading channel on H1 near the support level of 1.1026. If the pair passes this barrier, it shall be sold to the support level 1.1003. The indicators currently point to the possibility of buying it to the resistance levels 1.1051 and 1.1074, but near the upper border it is expected to fall.

http://www.imageup.ru/img225/2263643/eurusdh1.png

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Yesterday, the currency pair EUR/USD was traded in the range 1.1051 - 1.0999, and today on the H1 chart we can see that it is currently in the flat area between the resistance levels 1.1021 and 1.1043 support levels 1.0991 and 1.0969. Buying today should be considered above the resistance level 1.1021 and sale will be open below support level 1.0991.

http://www.imageup.ru/img271/2268433/eurusdh1.png

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  • 3 weeks later...

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Price actions from 1.0461 are viewed as correction to fall from 1.3993. Such correction could have completed ahead of 38.2% retracement of 1.3993 to 1.0461 at 1.1810. Break of 1.0461 will extend the decline from 1.3993. On the upside, break of 1.2042 support turned resistance is needed to be the first sign of trend reversal. Otherwise, we'll stay bearish and expect a new low below 1.0461 at a later stage.

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eurusd-h1-riston-capital-ltd-2.png

 

Intraday bias in EUR/USD remains on the downside for a test on 1.0461 low. Decisive break there will confirm down trend resumption and target 50% projection of 1.3993 to 1.0461 from 1.1713 at 0.9947 next. However, considering bullish convergence condition in 4 hours MACD, break of 1.0762 resistance will indicate short term bottoming and bring stronger rebound.

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  • 2 weeks later...

Yesterday the currency pair EUR/USD was traded in the range of 1.0829 - 1.0901, but failed to gain a foothold in the 9 th figure. Who H1 shows that the pair is trying to overcome the upper border of the downward channel. However, indicators point to the possibility of selling the pair toward support levels 1.0873 and 1.0846. Purchase to the resistance levels 1.0918 and 1.0945 should be considered today if the pair exits the channel in the upward direction.

http://www.imageup.ru/img95/2298299/eurusdh1.png

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  • 2 weeks later...

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A sustained move over 1.0931 will indicate the presence of buyers. However, the next rally is likely to be labored because of a pair of resistance points at 1.0959 and 1.0961. Taking out this price cluster with conviction could trigger an acceleration to the upside with the next major target coming in at 1.1009.

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  • 2 weeks later...

Yesterday the currency pair EUR/USD was traded in the 8th figure where now it is located, but at the lower border of the trading channel on H1. The indicators currently point to the possibility of selling the pair toward support levels 1.0817 and 1.0777, if the pair leaves the channel to the bottom. Resistance levels today - 1.0858 and 1.0898.

http://www.imageup.ru/img157/2322590/eurusdh1.png

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  • 2 weeks later...

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The EUR/USD pair rallied initially during the day on Wednesday, but turned back around to form a shooting star. The shooting star of course is a very negative candle, but it is preceded by a hammer, and as a result it appears that the market will continue to see quite a bit of volatility going forward. At this point in time, the market seems to be consolidating overall, but we believe that the market should continue to favor the downside in general. Regardless, the one thing that you can count on is a large amount of volatility.

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