craig-erlam

Morning technical analysis – 19 February 2014 | Alpari Newsroom …

Morning technical analysis – 19 February 2014February 19, 2014 by Craig Erlam in Technical analysisEURUSDHaving finally broken above the 24 January highs and the 61.8 fib level, the euro is starting to look more bullish against the dollar. That said, the pair is still likely to face significant resistance in the short term around 1.3810, which has been a key […]

Morning technical analysis – 11 February 2014 | Alpari Newsroom …

Morning technical analysis – 11 February 2014February 11, 2014 by Craig Erlam in Technical analysisEURUSDThe outlook for this pair hasn’t changed much since yesterday, having failed to close above the 50-day SMA. It did close marginally above the 61.8 fib level yesterday and has made further attempts to break higher this morning, which makes it look a little more bullish, […]

Morning technical analysis – 7 February 2014 | Alpari Newsroom …

Morning technical analysis – 7 February 2014February 7, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is edging lower again this morning, after spiking higher yesterday following Mario Draghi’s surprisingly hawkish press conference. The pair failed to close above 1.3608, the 50% retracement of the move from 24 January highs to 3 February lows, as well as the 20 and […]

Morning technical analysis – 6 February 2014 | Alpari Newsroom …

Morning technical analysis – 6 February 2014February 6, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is trading relatively flat against the dollar ahead of the key ECB decision this afternoon. This has actually been the case over the last couple of days leaving the pair in a consolidation phase and unlikely to break out before the rate decision and […]

Morning technical analysis – 5 February 2014 | Alpari Newsroom …

Morning technical analysis – 5 February 2014February 5, 2014 by Craig Erlam in Technical analysisEURUSDWe’re still waiting for the euro to break lower this morning, after it entered a period of consolidation against the dollar. The pair has tested the bottom of the flag formation, a bearish continuation pattern, on a few occasions but has so far only managed to […]

Morning technical analysis – 31 January 2014 | Alpari Newsroom …

Morning technical analysis – 31 January 2014January 31, 2014 by Craig Erlam in Technical analysisEURUSDThings could be about to turn a lot more bearish for the euro as it attempts to break below a couple of significant levels of support. The first is the ascending trend line, which dates back to 6 September. The pair has respected this level on […]

Morning technical analysis – 24 January 2014 | Alpari Newsroom …

Morning technical analysis – 24 January 2014January 24, 2014 by Craig Erlam in Technical analysisEURUSDThe euro had a very good day against the dollar yesterday, ending the session almost 150 pips up on the day and leaving a very bullish looking candle. Combine this with the previous four candles and what we have is effectively a morning star formation which […]

Morning technical analysis – 16 January 2014 | Alpari Newsroom …

Morning technical analysis – 16 January 2014January 16, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is looking bearish against the dollar once again, following the brief retracement over the last week. The pair ran into strong resistance around 1.3679, from both the 20-day SMA (middle bollinger band) and the 38.2 fib level. After finding resistance here, the pair formed […]

Morning technical analysis – 8 January 2014 | Alpari Newsroom …

Morning technical analysis – 8 January 2014January 8, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is continuing to look bearish against the dollar this morning, having failed to close back above the neckline of the double top for a second consecutive day. The could now be viewed as confirmation of last week’s break, prompting a move back towards 1.3450, […]

Daily Technical Analysis – 13 December 2013 | Alpari Newsroom …

Daily Technical Analysis – 13 December 2013December 13, 2013 by Craig Erlam in Technical analysisEURUSDThe consolidation in this pair over the last couple of days, which previously looked like a triangle – a continuation pattern – has now become a descending triangle. This is typically a bearish pattern, regardless of whether it appears in an uptrend or a downtrend, so […]