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Posts Tagged ‘eur/usd’

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Jan
17/11
Technical Trading: EURUSD Daily Trend Line Break
Last Updated on Monday, 17 January 2011 11:03
Written by Ross Mullins
Monday, January 17th, 2011

Ross

The trend for the EURUSD has been in a downward move since last November. The pair has found support just under 1.2900 and has pressured higher so far this year. Could this be the beginings of a longer push up? The break of the daily trend line is giving the next indications of at least a short term push back to resistance around 1.3415. Only a break of the resistance can we expect more upside. Back under 1.3180 will look for a new test of the lows.

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Jan
12/11
Technical Trading Update Jan 12 2011
Last Updated on Wednesday, 12 January 2011 09:49
Written by Ross Mullins
Wednesday, January 12th, 2011

Ross

The Daily Trader update provides technical analysis of major currency pairs and forex market conditions at the time of the post. The support and resistance levels posted and current market price could be dramatically different from what you are seeing at the moment.

EUR/USD – Current 1.3027

Overview - So far this week the EURUSD has been locked in a trend channel drifting from the 1.2880 area to the mid 1.3040 area. A clean push higher will test previous supports near 1.3090. More downside could be expected on a break below 1.2885.

Resistance - 1.3045 / 1.3085 / 1.3140 / 1.3190 / 1.3215

Support - 1.2970 / 1.2923 / 1.2890 / 1.2810 / 1.2750

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GBP/USD – Current 1.5675

Overview – Much like the EURUSD this pair has been drifting (more…)

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Nov
22/10
Buy EURUSD at 1.3585
Last Updated on Monday, 22 November 2010 06:08
Written by Ross Mullins
Monday, November 22nd, 2010

Buy posted at 12:50 pm ET for reversal set up. This pair has seen a fall this month from 1.4300 down to the mid 1.3400′s. In the most recent days a short climb back to the upper 1.3700′s has provided a setup for reversal of the down trend. Previous supports before the low come in between the 1.3590′s and the 1.3570′s indicating a support zone. Fibonacci retracement levels of the closest upward swing place a Fib right at 1.3575. Looking for a bounce here and the possibility of testing back towards the 1.3800′s.

EURUSD Chart Picture

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