EUR/USD EUR/USD broke below the 78.6% retracement of the late-March range yesterdayWhile below 1.0830 our near-term trend bias is lower in the euroThe 127% extension of the 2005-2008 adavance around 1.0440 looks to be the next major pivot for the rateA minor turn window is eyed around the end of the weekInterim resistance is seen around 1.0685, but only a move through 1.0830 would turn us positive on the single currency ...
EUR/USD Weekly -“BIG picture, monthly RSI has broken out of a triangle pattern. Sometimes, a pattern breakout in momentum (or OBV) precedes the breakout in price. The development’s implications are obviously significant.” -A number of calls for parity have been published recently. While the long term pattern suggests an eventual print ...
[/LIST] US DOLLAR TECHNICAL ANALYSIS – Prices may be readying to turn lower after producing a bearish Evening Star candlestick pattern. A daily close below the intersection of the 14.6% Fibonacci retracement and a rising trend line at 11734 exposes the 23.6% level at 11648. Alternatively, a reversal above the 11854-88 area marked by the March 2009 high and the 38.2% level opens the door for a challenge of the 50% Fib at 11983. ...
[/LIST] Foreign Exchange Price & Time at a Glance: Price & Time Analysis: EUR/USD EUR/USD recovery stalled near the 3rd square root relationship of the year’s low near 1.1415 on TuesdayOur near-term trend bias remains positive on the euro while above 1.1210A push above the 3rd square root relationship of the year’s low at 1.1415 is needed to set off a new leg higher ...
US DOLLAR TECHNICAL ANALYSIS – Prices may be preparing to decline after prices put in a bearish Evening Star candlestick pattern. Near-term support is at 11725, the intersection of the 14.6% Fibonacci retracement and a rising trend line, with a break below that on a daily closing basis exposing the 23.6% level at 11640. Alternatively, a move above the 11854-88 area marked by the March 2009 high and the 38.2% level clears the way for a test of the 50% Fib at 11983. ...
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