EUR/USD: Bullish: Next target at 1.1050 followed by 1.1120. While EUR finally broke above 1.1100, the lack of acceleration higher after the breach came as a surprise (high of 1.1022 early this morning). This level is a declining trend-line on the weekly chart and a break has a rather bullish connotation. For now, we will […]
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EUR/USD: Bullish: Break of 1.1000 could lead to acceleration higher. EUR has tested our patience but finally started to move to hit an overnight high of 1.0987. While the 1.1000 target that was first indicated last Wednesday is not met, the strong surge higher yesterday bodes well for our bullish view. 1.1000 is declining weekly trend-line
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EUR/USD: Bullish: Diminished odds for a break above 1.1000. [No change in view, see update from yesterday below] EUR traded in a narrow range of less than 50 pips yesterday (between 1.0886 and 1.0933). While we continue to hold a bullish view (since last Wednesday, 26 Apr, spot at 1.0905), we are aware of the
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EUR/USD: Neutral: In a 1.0635/1.0780 range. While EUR hit the ‘rebound target’ of 1.0770 as expected (high of 1.0777), the sharp and swift pull-back from the top came as a surprise. Upward momentum has been dented and this pair has likely moved into a consolidation phase and is expected to trade within a 1.0635/1.0780 range.
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EUR/USD: Neutral: Immediate upward pressure towards 1.0770, possibly 1.0825. There is not much to add as we continue to expect the immediate EUR strength to extend higher towards 1.0770 (with much lower odds for further extension to 1.0825). Only a move back below 1.0635 would indicate that the immediate upward pressure has eased. GBP/USD: Bullish:
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EUR/USD: Neutral: In a 1.0555/1.0700 range. The sharp and rapid pull-back in EUR last Thursday was unexpected. We previously held the view that the rebound from last week’s 1.0568 low has scope to extend to 1.0750 but this seems unlikely now. This pair has likely moved into a consolidation phase and is expected to trade between
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EUR/USD: Neutral: Immediate downward pressure towards 1.0525. We indicated last Friday that a clean break of the key trendline support at 1.0600 is expected to lead to a rapid drop to 1.0525/30. The low has been 1.0578 on Friday and we continue to anticipate further weakness towards 1.0525. The next key level is at 1.0492,
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Fxtrod.com-USDJPY terpantau mendekati area support pada time frame H4. Garis Fibo 161.8% berpotensi menahan pergerakan bearish untuk menguji area $111 dengan skenario support harian sebagai area entri level untuk buy point. Rekomendasi buy limit berada pada area support mingguan di kisaran harga $110.42 sampai dengan $110.10. Target profit berada pada level $111.04 yang mengacu pada
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EUR/USD: Neutral: Immediate downward pressure towards 1.0595. EUR edged below last Friday’s low to touch 1.0641 before rebounding weakly to close higher for the first time in 4 days. As indicated yesterday, the immediate pressure is still on the downside towards the major 1.0595 support even though oversold short-term conditions suggest that this level is
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EUR/USD: Neutral: Bullish if daily closing above 1.0870/75. We highlighted yesterday that EUR has to close above 1.0870/75 to indicate that it has moved into a bullish phase. The daily closing of 1.0865 was just below this level and the condition is not met. That said, the current positive undertone is still intact and only
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