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Thread: EUR/USD Analysis

  1. #1
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    EUR/USD Analysis

    Hello moderator, I asked permission to create a new thread, about the analysis of the EUR / USD. I will first review the price movement on Friday, 21 November 2014. from technical analysis after prices break down pivot points, the price goes down in a large range of 190 pips. from fundamental analysis, this price movement is influenced by Draghi speak

    European Central Bank President said the ECB is ready to act in a timely manner if low inflation persists and expressed a sense of urgency that triggered speculation the bank could announce further easing measures as early as next December, with some analysts expecting a full-blown quantitative easing program.

    Technically speaking, weekly charts show indicators in oversold levels and EUR/USD close to its 2014 low. Thus, some consolidation should be expected before another leg lower, but fundamental factors and further speculation of ECB easing measures could easily send the pair to fresh multi-month lows ahead of the December 4 policy meeting. Immediate target is seen at the 1.2290 zone (where several 2012 weekly lows converge) en route to 1.2100.

    Meanwhile, EUR/USD needs to regain the 1.2560 area to ease immediate pressure, but only a sustained recovery above 1.2740 (23.6% Fibo of broader 1.3992-1.2357) could signal a more lasting upward move.

    On the data front, it’s a busy week ahead with US data including PMIs, Q3 GDP revision, durable goods orders and housing data, while German IFO , confidence indicators and Eurozone CPI, taking special attention at this point, are the main events in the Eurozone calendar.

    from _http://www.fxstreet.com/analysis/eur-usd-forecast/2014/11/21/05/

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    Last edited by Gamer; 06-15-2015 at 02:45 PM.

  2. #11
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    we can see the pair now trading around a very sensitive region at 1.2230 and it is a very low region a whole this last period of downward or it is the end of the trend levels which didn`t get down more than . we see if it is reflex it trend and began going up it may be the first of the up ward and the end of the down ward

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  3. #12
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    A day in the EUR/USD

    import prices decreased by 2.1% in November 2014 compared with the corresponding month of the preceding year”.

    “In the US, sales of existing homes unexpectedly fell 6.1%, the weakest reading since May. Furthermore, the EUR was weighted by rumors the ECB will be forced to implement some form of QE in the short term, as local economic conditions continue to deteriorate”.

    “Dollar gathered some limited upward momentum late US session on the back of gold slide that lost over 20 bucks as selling resumed. When it comes to the technical picture, the EUR/USD pair remained limited in a tight intraday range, and the hourly chart shows price around a flat 20 SMA and indicators turning lower around their midlines, showing no directional strength”.

    “In the 4 hours chart technical indicators remain in negative territory, while 20 SMA heads lower above current price, offering intraday resistance now around 1.2280”.

    http://www.fxstreet.com/news/forex-n...7-4a71a143561e

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  4. #13
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    EUR/USD remains bearish technically - FXStreet

    “Intraday bounces were rejected around 1.2190 now immediate resistance. The technical picture in the short term remains bearish, as the price accelerated below its 20 SMA whist indicators continue to head lower despite in oversold levels”.

    “In the 4 hours chart indicators resumed their slides after limited upward corrections early Monday, with RSI heading south around 24”.

    “Markets will close earlier on Wednesday and remain closed on Thursday, which means little action should be expected across the forex board.

    Support levels: 1.2150 1.2120 1.2085

    Resistance levels: 1.2190 1.2225 1.2250”

    http://www.fxstreet.com/news/forex-n...d-49e712fc822c

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  5. #14
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    EUR/USD Forecast December 24, 2014, Technical Analysis

    The EUR/USD pair broke down below the lows from a couple of days ago, and as a result it appears of the Euro will continue to fall in value. Ultimately, the US dollar is the strongest currency out there and we believe that this market will continue to drift lower. Rallies will offer selling opportunities as the Euro simply cannot be trusted at this moment and the US dollar of course is so positive over the longer term. With that being said, we are selling rallies and breaks below the bottom of the range for the day.

    source:
    http://www.fxempire.com/technical/te...ical-analysis/

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  6. #15
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    now it is 1.22 levels which can be seen as a very sensitife level with this pair . the euro we though before that it may began a new stage of correction going up when it reached 1.25 but it was just a small movement which quickly went back by a good data of the United states balance . I think today I`ll just monitor what will happen . not trade


    EURUSD.mH1.png

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  7. #16
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    EUR/USD Forecast December 26, 2014, Technical Analysis

    The EUR/USD pair as you can see initially tried to rally during the course of the day on Wednesday, but as you can see turned back around in order to form a shooting star. Ultimately, this means that the market should continue to fall, and we believe that the market should then go down to the 1.2050 level, which was the beginning of the longer-term uptrend that we have officially smashed through now. With that, we are bearish and we are selling rallies every time they appear. Also, if we break down below the bottom of the range for Wednesday we are sellers as well.

    source:
    http://www.fxempire.com/technical/te...ical-analysis/

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  8. #17
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    EUR/USD below 1.22 handle, final round of Greece’s presidential election eyed

    FXStreet (Mumbai) - The Euro trades unchanged against the US dollar, moving away from fresh two and a half year lows of 1.2164 hit during the last week, as markets await a third round of Greece's presidential election voting scheduled later in the day.

    Currently, the EUR/USD pair trades flat at 1.2190 levels, after posting day’s low of 1.2169 in early Asian morning. The single currency extends its bearish momentum against the US dollar as traders continue to mull over latest employment data from US in absence of fresh data releases amid the ongoing holiday season. On the Christmas Eve, US Department of Labour released jobless claims figures, showing that the number of US citizens applying for unemployment last week fell to 280,000. US third-quarter GDP expansion with an unexpectedly strong rise of 5% continued to weigh on the EUR/USD pair.

    EUR/USD Technical Levels

    The pair has an immediate resistance at 1.2193 (Today’s High) levels, above which gains could be extended to 1.22 levels. On the flip side, support is seen at 1.2164 (Dec 23 Low) levels, below which it could extend losses to 1.2140 (2012) levels.

    http://www.fxstreet.com/news/forex-n...3-ebbb05baec48

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  9. #18
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    EUR/USD's decline continues to as low as 1.2142 so far. Intraday bias remains on the downside, and current fall from 1.3993 should target a test on 1.2042 key support level next. We'd be cautious on bottoming around there. On the upside, above 1.2220 minor resistance will turn bias neutral and bring recovery. But near term outlook will stay bearish as long as 1.2569 resistance holds.

    In the bigger picture, overall price actions from 1.6039 long term top is viewed as a corrective pattern. Fall from 1.3993 is tentatively viewed as the third leg of such pattern and should target 1.1875 low and below. On the upside, break of 1.2569 resistance will bring some consolidations first before staging another decline.

    sourcE:
    http://www.actionforex.com/action-in...0141230231932/

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  10. #19
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    EUR/USD bounces-off from 2-1/2 yr lows, hits fresh daily highs

    FXStreet (Mumbai) - The single currency rebounded against the US dollar from two and a half year lows seen in the Asian session as traders closed short positions in a bout of profit booking after the recent weakness.

    Currently, the EUR/USD pair trades near fresh daily highs at 1.2186 levels, up 0.21% on the day, reversing from 2-1/2 year lows of 1.2124 hit in the Asian session. The Euro bounced-back against the US dollar after the greenback retreated from fresh five-year high levels. The dollar index, which measures the greenback’s value against six major currencies, retreated slightly from multi-year high of 90.66 levels and trades now at 90.27, down -0.30% on the day.

    The single currency is expected to remain under pressured versus the US dollar on lingering Greek political woes.

    EUR/USD Technical Levels

    The pair has an immediate resistance at 1.2162 (Today’s High) levels, above which gains could be extended to 1.2184 (Dec 28 High) levels. On the flip side, support is seen at 1.21 levels, below which it could extend losses to 1.2041 (July 2012) levels.

    http://www.fxstreet.com/news/forex-n...b-5c81fd7c60be

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  11. #20
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    EUR/USD approaches 1.2000, hits fresh 4-year low

    FXStreet (Córdoba) - EUR/USD continued to slide and reached at 1.2008 a fresh 4-year low and approached the psychological 1.2000 mark.

    The pair remains near the lows, under selling pressure as stocks in Wall Street open with gains.

    On the short term, weak data from the Eurozone and the ongoing strength in the US dollar continues to weigh on the EUR/USD. On a wider perspective, analysts also point toward a bearish outlook.

    “The combination of ECB policy settings, Greek political uncertainty, a fragile recovery and the contrast with the US all point to a lower EUR/USD for now”, mentioned Brian Martin, analyst at ANZ.

    http://www.fxstreet.com/news/forex-n...5-cc4734dd1766

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