Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereThe EUR/USD pair broke down during the course of the day on Friday, did bounce a little bit just above the 1.32 level. We believe that this market continues to sell off, but you should use short-term charts in order to find of selling opportunities. 1.33 […]
Morning technical analysis – 10 June 2014June 10, 2014 by Craig Erlam in Technical analysisEURUSDAfter seeing a lot of volatility towards the end of last week, this pair has once again stabilised around the same levels it was trading at ahead of the ECB decision. The pair is again finding support around 1.3590 and may fall back into the same […]
Morning technical analysis – 15 May 2014May 15, 2014 by Craig Erlam in Technical analysisEURUSDThe sell-off in the euro may have only just begun, despite having fallen more than 3 cents against the dollar (300 pips) since failing to break 1.40 a week ago. Yesterday’s gains appear to have been nothing more than a brief period of consolidation, with the […]
Daily technical analysis – 30 April 2014April 30, 2014 by Craig Erlam in Technical analysisEURUSDWe’ve seen a really strong rally in the pair in the last couple of hours following a negative start to the day. The sell-off saw the 50 fib level – 4 April lows to 11 April highs – once again provide solid support for the pair. […]
Morning technical analysis – 25 April 2014April 25, 2014 by Craig Erlam in Featured, Technical analysisEURUSDThe euro is creeping higher again this morning but the picture hasn’t really changed here. The pair is still range bound, with support being found around 1.3788, from the 50 fib level – 4 April lows to 11 April highs – and resistance around 1.3850. […]
Morning technical analysis – 7 April 2014April 7, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is looking a little more bullish this morning, having found strong support on Friday around 1.3663, the 61.8% retracement of the move from 3 February lows to 13 March highs. The failure the break below this level could be a sign that the correction […]
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Morning technical analysis – 21 March 2014March 21, 2014 by Craig Erlam in Technical analysisEURUSDIt’s been a very good couple of days for the US dollar but I must stress, this has been driven almost entirely by the surprisingly more hawkish stance of the Federal Reserve on Wednesday evening, which is dollar bullish. It must be said that this stance […]
Morning technical analysis – 19 March 2014March 19, 2014 by Craig Erlam in Technical analysisEURUSDAs you can see on the chart below, the recent uncertainty has created plenty of volatility in the markets, but we haven’t actually seen any moves higher or lower. The pair, despite all of the volatility, has just been consolidating, which is not unusual during times […]
Morning technical analysis – 13 March 2014March 13, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is looking very bullish against the dollar right now and yesterday’s move only added to that. On the daily chart below the pair has just broken above the upper bollinger again following a similar move last week. This is generally viewed as quite a […]
