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EUR-USD
EUR/USD Analysis-July 04,2011
Monday, 04 July 2011 05:19

EUR/USD Intraday Analysis - July 4, 2011: 1.4671 Masihkah Able To Level? Correction Alert Occurs

Yesterday: Open 1.4493 High 1.4550 Low 1.4437 Close 1.4530

Range of movement of Euro yesterday reached 100 pips daily with the highest level at 1.4550 and at 1.4437 daily lows.

Currently the Euro still looks bullish.

The focus of today's economic data for EUR / USD is:
1. EUR Sentix Investor Confidence at 15:30 pm
2. EUR PPI m / m at 16:00 pm
3. USD Bank Holiday "Independence Day" 

 
EUR/USD Analysis-June 30,2011
Thursday, 30 June 2011 06:16

Forex EUR/USD Intraday Analysis – June 30, 2011: test the Level of 1.4635

Yesterday: Open High Low 1.4366 1.4448 1.4330 Close 1.4434

The focus of economic data today for the EUR/USD is:  
1. EUR German Retail Sales m/m at 1: 00 PM
2. EUR French Consumer Spending m/m at 2: 00 PM
3. EUR ECB President Trichet Speaks at 2: 55 PM
4. EUR German Unemployment Change at 2: 55 PM
5. EUR M3 Money Supply y/y at 3: 00 PM
6. the EUR Private Loans y/y at 3: 00 PM
7. EUR CPI Flash Estimate y/y at 4: 00 PM
8. EUR Italian Prelim CPI m/m at 15: 00 WIB
9. EUR Greek Gov. Debt Crisis Vote "Tentative" 

 
EUR/USD Analysis-June 28,2011
Tuesday, 28 June 2011 05:12

Forex EUR/USD Intraday Analysis – 28 Jun 2011: 1.4432, Alert Level Test Corrections

Yesterday: Open High Low 1.4154 1.4292 1.4287 1.4103 Close

Since almost touching level support at 1.4091 yesterday, yesterday's rebound movement of the Euro up to its highest level in daily 1.4292.

The focus of economic data today for the EUR/USD is:  
1. EUR German GfK Consumer Climate at 1: 00 PM
2. EUR German Import Prices m/m at 1: 00 PM
3. EUR German Prelim CPI m/m "All Day" 

 
EUR/USD Analysis-June 20,2011
Monday, 20 June 2011 05:10

Forex EUR/USD Intraday Analysis - June 20, 2011: Testing Level 1.4130

Yesterday: Open 1.4215 High 1.4338 Low 1.4127 Close 1.4305

Ever since Europeans began trading session yesterday, the euro bullish movement until the past few pips from the first resistance level is at 1.4327.

Currently looking sideways movement of the Euro.

The focus of today's economic data for EUR / USD is:
1. EUR Germany PPI m / m at 13:00 pm
2. EUR Current Account at 15:00 pm
3. EUR ECOFIN Meetings "All Day"

 
EUR/USD Analysis-June 13,2011
Monday, 13 June 2011 04:19

Forex EUR/USD Intraday Analysis - June 13, 2011: Testing Level 1.4220

Yesterday: Open 1.4512 High 1.4550 Low 1.4322 Close 1.4350

Yesterday, the Euro since the movement to penetrate the diagonal trend lines that play a role as well as the level of the break line for a double top pattern of the Euro freefall past the first support level at 1.4450 and even experienced a continuation of about 40 pips from the second support level at 1.4373.

Currently, the Euro is still trying to look bullish.

The focus of today's economic data for the EUR / USD is EUR Italian Industrial Production m / m in at 15:00 pm. 

 
EUR/USD Analysis-June 10,2011
Friday, 10 June 2011 05:04

Forex EUR/USD Intraday Analysis - June 10, 2011: Testing Level 1.4450

Yesterday: Open 1.4578 High 1.4653 Low 1.4477 Close 1.4513

Since trading began yesterday's Asian session, the Euro looks bullish movement gradually up to the range of 60 pips and look to test three times the diagonal trend line but without success impenetrable. However, before the session of the United States, Euro bearish turmoil sharp to penetrate the first support level at 1.4563 and the second support level at 1.4509.

Currently, the movement of the Euro are still trying to bullish again.

The focus of today's economic data for the EUR / USD is:

1. Germany EUR Final CPI m / m in at 13:00 pm
2. EUR Germany WPI m / m in at 13:00 pm
3. EUR French Industrial Production m / m in at 13:45 pm
4. EUR ECB President Trichet Speaks at 13:50 pm 

 
EUR/USD Analysis-June 09,2011
Thursday, 09 June 2011 05:05

Forex EUR/USD Intraday Analysis - June 9, 2011: Testing the 1.4727 level, Potential Happen Sharp Correction

Yesterday: Open 1.4686 High 1.4694 Low 1.4563 Close 1.4579

Since trading began yesterday's Asian session, the movement of Euro bearish until the range of 130 pips.

Currently, the movement of the Euro looks bullish.

The focus of today's economic data for the EUR / USD is:

1. EUR French Final Non-farm payrolls q / q at 13:45 pm 

 
EUR/USD Analysis-June 06,2011
Monday, 06 June 2011 05:07

Forex EUR / USD Intraday Analysis - June 6, 2011: Testing the 1.4748 Level, Alert Corrections

Yesterday: Open 1.4492 High 1.4644 Low 1.4450 Close 1.4635

Towards the beginning of the session yesterday the U.S., the euro experienced a bullish with the daily high low in the range of 190 pips. Euro experience with high break resistance level is 1.4575.

Currently the Euro still looks bullish but cautious movement of the Euro to the correction considering the stochastic lines are already playing in overbought area.

The focus of today's economic data for the EUR / USD is:

1. EUR Sentix Investor Confidence
2. EUR PPI m / m

 
EUR/USD Analysis-June 03,2011
Written by Praful Patat   
Friday, 03 June 2011 05:17

EURUSD broke 1.4454 resistance and going toward next daily resistance 1.4567. EURUSD still in up trend zone, possible break of 1.4567 resistance for further going up side 1.4691 74.6% of 1.4949 to 1.3969. EURUSD break of 1.4454 support next target will be 1.4339. If EURUSD will reverse from 1.4567-1.4691 area, extension is 1.3710-1.3374 area on  long term. EURUSD break of 1.4691 resistance long term trend change to up trend and going up side toward 1.5053 daily resistance. EURUSD break of 1.4567 strong resistance possible further move up side toward 1.4691 resistance on intraday. In EURUSD not break of 1.4256 support trend will be remain up trend.

New High:1.4510, 1.4672, 1.4722.

New Low:1.4381,  1.4337, 1.4289.

 
EUR/USD Analysis-June 02,2011
Written by Praful Patat   
Thursday, 02 June 2011 05:37

Yesterday EURUSD  reversed from 50% (1.4454) of 1.4939 to 1.3967. EURUSD still in up trend zone, possible break of 1.4454 resistance for further going up side. EURUSD reversed from support 1.4337 toward 1.4567 resistance. If EURUSD will reverse from 1.4567-1.4691 area, extension is 1.3710-1.3374 area on  long term. In EURUSD minor resistance is at 1.4456. Break of 1.4256 support next target will be 1.4214 on intraday. EURUSD break of 1.4567 strong resistance possible further move up side toward 1.4691 resistance. In EURUSD not break of 1.4256 support trend will be remain up trend.

New High:1.4460, 1.4505, 1.4560

New Low:1.4253,  1.4197, 1.4076

 
EUR/USD Analysis-June 01,2011
Wednesday, 01 June 2011 01:32

EURUSD broke trend line and now back trend line toward 1.4691 which 74.6% of 1.4939 to 1.3967, 61.8% (1.4567). If EURUSD will reverse from 1.4567-1.4691 area, extension is 1.3710-1.3374 area on  long term. In EURUSD minor resistance is at 1.4456 break of this resistance next target will be 1.4567 on intraday. On the otherway down side break of 1.4337 support next target will be 1.4214 on intraday. EURUSD break of 1.4567 strong resistance possible further move up side toward 1.4691 resistance.
New High:1.4491, 1.4650, 1.4753

Yesterday: Open 1.4287 High 1.4425 Low 1.4285 Close 1.4395

Since the Asian session started trading yesterday, the euro tends to sideways movement in the range of 140 pips daily with the highest level at 1.4425 and at 1.4285 its lowest level daily.

Currently, the Euro looks sideways but still tend to consider the condition of the stochastic indicator which indicates the Euro bearish.

The focus of today's economic data for the EUR / USD is:

1. EUR Final Manufacturing PMI
2. EUR ECB President Trichet Speaks

 
EUR/USD Analysis-May 31,2011
Tuesday, 31 May 2011 02:31


Forex EUR / USD Intraday Analysis - May 31, 2011: Testing the 1.4461 Level, Alert Corrections

Yesterday: Open 1.4290 High 1.4307 Low 1.4256 Close 1.4286

All day yesterday, the movement of the Euro in flat conditions given in the American market is on vacation.

Currently, the visible movement of Euro bullish.

There is no focus on economic data today for EUR / USD. 

 
EUR/USD Analysis-May 30,2011
Monday, 30 May 2011 04:51

Yesterday: Open 1.4135 High 1.4310 Low 1.4124 Close 1.4293 : Still Remain Bullish, Sharp Correction Alert

Since trading began yesterday's Asian session Friday, the Euro storng bullish movement until it reaches the first resistance level is at 1.4256. Since then the movement of the Euro range in the area until the diagonal trend line resistance level is 1.4256 even reached the highest level daily at 1.4310.

Currently, Euro look is still bullish.

There is no focus on economic data today for EUR / USD. 

 
EUR/USD Analysis-May 27,2011
Friday, 27 May 2011 03:36

Yesterday: Open 1.4103 High 1.4118 Low 1.4013 Close 1.4083 : Testing the 1.4256 Level, Alert Corrections

Towards the end of the European session yesterday, the movement of euro had touched first the resistance level at 1.4201 but a sharp correction to the past trend lines almost touching the diagonal and the first support level at 1.4058. Overall daily high low range in the range of Euro 130 pips.

Currently, the euro tried to bullish again.

The focus of today's economic data for the EUR/USD is:


1. EUR Germany Prelim CPI m / m "All Day"
2. EUR M3 Money Supply y/y
3. EUR Private Loans y/y 

 
EUR/USD Analysis-May 26,2011
Thursday, 26 May 2011 05:43

Yesterday: Open 1.4103 High 1.4118 Low 1.4013 Close 1.4083 : Testing to 1.4201, Potential Amendments Sharply

Since trading began yesterday's Asian session, the euro has decreased by about 90 pips. But before the early European session, re-Euro try to rebound to the highest level of daily yesterday at 1.4118. On the whole movement of Euro yesterday still within normal limits in the range of 100 pips.

Currently, the Euro looks bullish.

The focus of today's economic data for the EUR / USD is:

1. EUR Germany Import Prices m/m 
2. EUR ECB President Trichet Speaks

 
EUR/USD Analysis - May 25, 201
Wednesday, 25 May 2011 05:54

Forex EUR/USD Intraday Analysis - May 25, 2011: Testing to 1.4000, Beware Rebound

Yesterday: Open 1.4117 High 1.4136 Low 1.3969 Close 1.4049

After almost touching the first support level at 1.4000, the euro rebounded by combing the trend line diagonally up to several times touched first the resistance level at 1.4125. Finally, the Euro currency movements corrections to the daily closing level in ...

Currently Euro bearish movement is limited because of the stochastic indicator has reached the oversold area.

The focus of today's economic data for the EUR / USD is:
1. EUR GfK Consumer Climate Germany 
2. EUR Italian Retail Sales m / m

20110525_eur

 
EUR/USD - May 24, 2011: Testing To 1.4125
Tuesday, 24 May 2011 05:33

Yesterday: Open 1.4117 High 1.4136 Low 1.3969 Close 1.4049

All day yesterday, the Euro strong bearish movement with daily lows at 1.3969. Having failed to touch second support level at 1.3955, Euro sideways movement focuses on the first support level 1.4013.

Currently visible movement of Euro combing diagonal trend lines.

The focus of today's economic data for the EUR / USD is:
1. Germany EUR Final GDP q/q
2. EUR Germany Ifo Business Climate
3. EUR Industrial New Orders m/m

20110524_eur

 
EUR/USD - May 23, 2011: Testing to 1.4013, Beware Happen Rebound
Monday, 23 May 2011 05:06

Yesterday: Open 1.4309 High 1.4345 Low 1.4132 Close 1.4162

Yesterday, the Euro currency movements on trade in the Asian session started did not experience significant fluctuations but by the European session begins, there is a sharp decline around 200 pips with the trend line through the diagonal and the first support level at 1.4213.

After reaching its lowest level daily at 1.4132. Euro currency managed to reach back to the first support level the next Euro freefall down to the daily closing level of 1.4162.

Currently, the Euro looks bearish movement.

The focus of today's economic data for the EUR / USD is:
1. EUR French Flash Manufacturing PMI at 14:00 pm
2. EUR French Flash Services PMI at 14:00 pm
3. Germany EUR Flash Manufacturing PMI at 14:30 pm
4. Germany EUR Flash Services PMI at 14:30 pm
5. EUR Flash Manufacturing PMI at 15:00 hours GMT
6. EUR Flash Services PMI on at 15:00 pm

20110523_eur

 
EUR/USD Intraday - May 20, 2011: Testing To 1.4390
Friday, 20 May 2011 04:46

Yesterday: Open 1.4251 High 1.4326 Low 1.4206 Close 1.4310

Since the Asian session started trading yesterday the euro currency movements have further bullish ahead of the early European session lows to convey daily 1.4206. Entering the early European session, Euro convey the highest level at 1.4326 daily.

On the whole range of daily low hinh Eurp about 120 pips yesterday.

The focus of today's economic data for the EUR / USD is:
1. Germany EUR PPI m / m in at 13:00 pm
2. EUR Current Account in at 15:00 pm
3. EUR Consumer Confidence at 21:00 pm

20110520_eur

 
EUR/USD - May 19, 2011: Testing to 1.4341, Beware Correction
Thursday, 19 May 2011 05:12

Yesterday: Open 1.4235 High 1.4288 Low 1.4194 Close 1.4250

Since trading began yesterday's Asian session, the euro had touched its highest level at 1.4288 daily. But since then, the movement of the Euro bearish trend toward the diagonal line but failed to pass.

Today, look euro currency is bullish.

There is no focus on economic data today for EUR / USD.

20110519_eur

 
Forex EUR/USD - May 18, 2011: Testing To 1.4140
Wednesday, 18 May 2011 05:15

Yesterday: Open 1.4161 High 1.4240 Low 1.4120 Close 1.4238

Yesterday since the trade in the Asian session started, the euro tends to move sideways movement with the trend toward the diagonal line. Until it reaches about 50 pips from its diagonal trend lines, the euro plummeted some 100 pips to the lowest daily movements of the euro at 1.4120 Then again rebounded to reach the highest level at 1.4240 daily.

Currently, the Euro look going back bearish.

There is no focus on economic data today for EUR / USD.

If the price increases continue to open opportunities to the 1.4341 resistance level

20110518_eur

 
EUR / USD Intraday - May 17, 2011: Testing to 1.4047, Beware Rebound
Tuesday, 17 May 2011 05:04

Yesterday: Open 1.4067 High 1.4244 Low 1.4047 Close 1.4162

Since entering the Asian session trading yesterday, the euro bullish daily to the highest level at 1.4244.

Currently visible movement of the euro currency are still experiencing bearish but rebounded to watch happen to remember this day EcoFin Meeting held economic agenda.

The focus of today's economic data for the EUR / USD is:
1. EUR ECOFIN Meetings "All Day"
2. EUR ZEW Economic Sentiment in Germany at 16:00 pm
3. EUR ZEW Economic Sentiment on at 16:00 pm

20110517_eur1

 
EUR/USD Technical Analysis - May/16
Written by Praful Patat   
Monday, 16 May 2011 05:05

EURUSD broke inner up trend line on 4 hour chart and going toward outer trend line to test. EURUSD also reversed from 127.2% (1.4750), 161.8% (1.5341) of 1.4287 to 1.2580, now EURUSD will retrace toward 1.3907, 1.3665, down trend pass there. EURUSD break of daily PP (1.4173) further going up side toward 1.4277 next target and break of 1.4003 next target 1.3909 on intraday. EURUSD won’t break of 1.4003 support then retracement possible toward 1.4385, 1.4595.

Pivot Point: R3-1.4446, R2-1.4342, R1-1.4277, PP-1.4173, S1-1.4069, S2-1.4004, S3-1.3900.

20110516_eur

 
Forex EUR/USD Intraday-12 May 2011: Test to 1.4433
Thursday, 12 May 2011 07:58

Yesterday: Open 1.3903 High 1.4387 Low 1.4199 Close 1.4172

Since trade in the Asian session to session, Europe is still visible in the condition of the sideways movement in the range of 55 pips. But since the trade session begins, the sharp decline of around 200 pips more to pass the level support at 1.4254.

Overall range high low daily divergence 220 pips. The current movement of the Euro currency seen sideways.

The focus of economic data today for the EUR/USD is:   
1. EUR French CPI m/m at 12: 30 pm
2. EUR ECB Monthly Bulletin at 15: 00 WIB
3. EUR Industrial Production m/m at 15: 00 WIB

EUR/USD 12052011

 

 

EUR/USD Technical Analysis - May/06

By Prful Patat   05:00 GMT

EURUSD broke support and going down side toward 50. % (1.4548), 61.8% (1.4455) of 1.4156 to 1.4939. EURUSD broke consolidation on down side, now retracement possible toward 1.4750-1.4773 area as broke wedge formation on 1 hour chart. EURUSD break of 1.4507 supports next will be 1.4455-1.4409 area on intraday. In EURUSD strong resistance is at 1.4845, if break of this resistance further going up side toward 1.5065 next target. EURUSD reversed 78.6% (1.2984) extension 127.2% (1.4750), 161.8% (1.5350) of 1.4288 to 1.2579 still in progress on daily chart.

New High:  1.4719, 1.4913, 1.4734.

New Low:  1.4331, 1.4525, 1.4346.

Pivot Point: R3-1.5037, R2-1.4889, R1-1.4797, PP-1.4649, S1-1.4500, S2-1.4409, S3-1.4260.

 

 

EUR/USD Technical Analysis - May/05


By Prful Patat   05:00 GMT

EURUSD broke consolidation on up side and reversed from daily resistance (1.4935) and retraced 61.8% (1.4837) of 1.4774 to 1.4739, extesnion1.4982-1.5039, also up trend line pass there. EURUSD break of 1.4809 supports next will be 1.4741 on intraday. In EURUSD strong resistance is at 1.4887, if break of this resistance further going up side toward 1.4983 on intraday. EURUSD won’t break of 1.4887 resistances then possible going down side toward 1.4729 as minor support, otherwise up trend remain same. EURUSD reversed 78.6% (1.2984) extension 127.2% (1.4750), 161.8% (1.5350) of 1.4288 to 1.2579 still in progress.

New High:  1.4883, 1.4966, 1.4910.

New Low:  1.4718, 1.4801, 1.4745.

Pivot Point: R3-1.5011, R2-1.4948, R1-1.4909, PP-1.4847, S1-1.4784, S2-1.4745, S3-1.4682.

 

 

EUR/USD Technical Analysis - May/04

By Prfaul Patat  05:00 GMT

EURUSD is still in the consolidation on 4 hour chart, break of 1.4880 resistances further going up side toward 1.4971 and break of 1.4772 supports, down side toward 1.4732 on intraday. EURUSD is forming complex pattern (price come from down side) on 4 hour chart. EURUSD break of 1.4732 supports next will be 1.4640. EURUSD broke neutral up trend line and consolidation. EURUSD reversed 78.6% (1.2984) extension 127.2% (1.4750), 161.8% (1.5350) of 1.4288 to 1.2579 still in progress.

New High:  1.4858, 1.4926, 1.4894.

New Low:  1.4722, 1.4790, 1.4758.

Pivot Point: R3-1.4959, R2-1.4907, R1-1.4875, PP-1.4823, S1-1.4771, S2-1.4739, S3-1.4687.

 

 

EUR/USD Technical Analysis - May/03

By Praful Patat    05:00 GMT

EURUSD is still in the consolidation on 4 hour chart, now EURUSD is on trend up line, break of this trend line at 1.4804, further going down side toward 1.4732 on intraday. In EURUSD strong support is at 1.4771 and resistance is at 1.4877, this is the range. EURUSD break of 1.4732 support, next will be 1.4640. If EURUSD will reverse from 1.4606, 1.4435 then extension at 1.5074, 1.5350 which is also 161.8% extension of 1.4288 to 1.2579. EURUSD reversed 78.6% (1.2984) extension 127.2% (1.4750), 161.8% (1.5350) of 1.4288 to 1.2579 still in progress.

New High:  1.4866, 1.4936, 1.4899.

New Low:  1.4726, 1.4796, 1.4759.

Pivot Point: R3-1.4970, R2-1.4917, R1-1.4884, PP-1.4830, S1-1.4777, S2-1.4744, S3-1.4691.

 

 

Forex Trading EVO - EUR/USD Technical - May/02

By Prfaul Patat

EURUSD is consolidation on 4 hour chart, break of 1.4753 support further going down side toward 1.4606 and break of 1.4866 resistance, next target will be 1.4926 on intraday. EURUSD is consolidation, possible breakout up side as per complex pattern and break of this consolidation, next target will be 1.4935. If EURUSD won’t break of daily PP then retracement possible toward 1.4606, 1.4435 or break of 1.4925 resistances further going up side toward 1.5350 next targets. In EURUSD minor support is at 1.4733, also trend line passes there. If EURUSD will reverse from 1.4606, 1.4435 then extension at 1.5074, 1.5350 which is also 161.8% extension of 1.4288 to 1.2579. EURUSD reversed 78.6% (1.2984) extension 127.2% (1.4750), 161.8% (1.5350) of 1.4288 to 1.2579 still in progress.

New High:  1.4842, 1.4880, 1.4844.

New Low:  1.4767, 1.4805, 1.4769.

Pivot Point: R3-1.4903, R2-1.4874, R1-1.4857, PP-1.4829, S1-1.4800, S2-1.4783, S3-1.4754.

 

 

Forex Trading EVO - EUR/USD Technical - 29/April

By Praful Patat   05:00 GMT

EURUSD is consolidation on 1 hour chart, break of 1.4753 support further going down side toward 1.4606 and break of 1.4866 resistance, next target will be 1.4926 on intraday. EURUSD won’t break of 1.4885 resistance then retracement possible. EURUSD will retrace toward 1.4606, 1.4435 or break of 1.4925 resistances further going up side toward 1.5350 next targets. In EURUSD minor support is at 1.4710. If EURUSD will reverse from 1.4606, 1.4435 then extension at 1.5074, 1.5350 which is also 161.8% extension of 1.4288 to 1.2579. EURUSD reversed 78.6% (1.2984) extension 127.2% (1.4750), 161.8% (1.5350) of 1.4288 to 1.2579 still in progress.

New High:  1.4852, 1.4908, 1.4879.

New Low:  1.4739, 1.4795, 1.4766.

Pivot Point: R3-1.4936, R2-1.4893, R1-1.4867, PP-1.4823, S1-1.4780, S2-1.4753, S3-1.4710.

 

 

 

Forex Trading EVO - EUR/USD Technical - 28/April

By Praful Patat   05:00 GMT

EURUSD touched 161.8% (1.4824) of 1.4517 to 1.4018 extensions on 1 hour chart. Now EURUSD will retrace from here toward 1.4606, 1.4435 or break of 1.4925 resistance further going up side toward 1.5350 next targets. Break of 1.4754 supports going down side toward 1.4606 on intraday. If EURUSD will reverse from 1.4606-1.4435 then extension at 1.5074, 1.5350 which is also 161.8% extension of 1.4288 to 1.2579. EURUSD reversed 78.6% (1.2984) extension 127.2% (1.4750), 161.8% (1.5350) of 1.4288 to 1.2579 still in progress.

New High:  1.4791, 1.4873, 1.4869.

New Low:  1.4628, 1.4710, 1.4706.

Pivot Point: R3-1.4900, R2-1.4839, R1-1.4800, PP-1.4738, S1-1.4675, S2-1.4637, S3-1.4575.

 

 

Forex Trading EVO - EUR/USD Technical - 26/April

By Praful Patat  05:00 GMT

EURUSD broke side way movement on down side. EURUSD reversed from 61.8% (1.4210) of 1.4020 to 1.4518 on 4 hour chart, extension at 1.4655, and 1.4824 areas still in progress. Break of 1.4628 further going up side toward 1.4735 resistances and break of 1.4461 supports going down side toward 1.4343 on intraday. In EURUSD minor support is at 1.4430. In bigger range EURUSD break of 1.4156 support then down trend start and going toward 1.3825 next targets, otherwise continues going up side.  In EURUSD extension 127.2% (1.4750) of 1.4288 to 1.2579, possible retrace from 1.4750 resistance and break of this level going up side in bigger range at 1.5350.


New High:  1.4603, 1.4654, 1.4630.

New Low:  1.4501, 1.4552, 1.4528.

Pivot Point: R3-1.4678, R2-1.4639, R1-1.4615, PP-1.4576, S1-1.4538, S2-1.4514, S3-1.4475.

 

 

Forex Trading EVO - EUR/USD Technical - 25/April

By Praful Patat   05:00 GMT

EURUSD is retracing from 127.2% extension (1.4655) of 1.4520 to 1.4017, possible up side from 1.4461 support level. EURUSD reversed from 61.8% (1.4210) of 1.4020 to 1.4518 on 4 hour chart, extension at 1.4655, and 1.4824 areas still in progress. Break of 1.4607 further going up side toward 1.4735 resistances and break of 1.4520 supports going down side toward 1.4465 on intraday. In bigger range EURUSD break of 1.4262 then down trend start and going toward 1.3825 next targets, otherwise continues going up side.  In EURUSD extension 127.2% (1.4750) of 1.4288 to 1.2579, possible retrace from 1.4750 resistance and break of this level going up side in bigger range at 1.5350.

New High:  1.4573, 1.4601, 1.4586.

New Low:  1.4518, 1.4546, 1.4531.

Pivot Point: R3-1.4615, R2-1.4593, R1-1.4580, PP-1.4559, S1-1.4538, S2-1.4525, S3-1.4504.

 

 

Forex Trading EVO - EUR/USD Technical - 21/April

By Prfaul Patat   05:00 GMT

EURUSD broke 1.4520 resistance and going toward extension. EURUSD reversed from 61.8% (1.4210) of 1.4020 to 1.4518 on 4 hour chart, extension at 1.4655, and 1.4824 areas still in progress. Break of 1.4655 further going up side toward 1.4735 resistances and break of 1.4520 supports going down side toward 1.4465 on intraday. In EURUSD extension 127.2% (1.4750) of 1.4288 to 1.2579, possible retrace from 1.4750 resistance and break of this level going up side in bigger range at 1.5350.

New High:  1.4535, 1.4644, 1.4632.

New Low:  1.4316, 1.4425, 1.4413.

Pivot Point: R3-1.4684, R2-1.4600, R1-1.4549, PP-1.4465, S1-1.4381, S2-1.4329, S3-1.4246.

 

 

 

Forex Trading EVO - EUR/USD Technical - 20/ April

By Praful Patat   05:00 GMT

EURUSD reversed from 61.8% (1.4210) of 1.4020 to 1.4518 on 4 hour chart, extension at 1.4655, and 1.4824 areas. Break of 1.4440 further going up side toward 1.4518 resistances and break of 1.4295 supports going down side toward 1.4209 on intraday. If EURUSD won’t break of 1.4440 then again going down side. In EURUSD minor support is at 1.4323.  In bigger range, EURUSD break of 1.4518 resistance further going up side toward 1.4635.

New High:  1.4343, 1.4417, 1.4407.

New Low:  1.4195, 1.4269, 1.4259.

Pivot Point: R3-1.4444, R2-1.4388, R1-1.4353, PP-1.4296, S1-1.4240, S2-1.4205, S3-1.4148.

 

 

Forex Trading EVO - EUR/USD Technical - 19/April

By Praful Patat    05:00 GMT

EURUSD broke up trend line and consolidation on 1 hour chart, break of 1.4246 further going up side toward 1.4358 resistance and break of 1.4195 support going down side toward 1.4127. If EURUSD will reverse from 1.4195 then again going up for filling gap at 1.4420. In EURUSD harmonic low completed yesterday, possible reverse and retrace.  In bigger range, EURUSD backed from 78.6% at 1.2946, extension at 1.4739, 1.5321 still in progress, EURUSD broker trend line so possible to back test it.

New High:  1.4327, 1.4458, 1.4365.

New Low:  1.4065, 1.4195, 1.4102.

Pivot Point: R3-1.4533, R2-1.4432, R1-1.4370, PP-1.4269, S1-1.4169, S2-1.4107, S3-1.4006.

 

 

Forex Trading EVO - EUR/USD Technical - 18/April

By Praful Patat   05:00 GMT

EURUSD tested lower consolidation trend line on 1 hour chart. EURUSD break of 1.4440 daily PP further going up side toward 1.4525 and break of 1.4349 support going down side toward 1.4245 on intraday.  EURUSD backed from 38.2% at 1.4394, extension at 1.4554, 1.4638 still in progress. In EURUSD strong resistance is at 1.4525 and strong support at 1.4349. If EURUSD not break of 1.4349 support then possible again up side toward extension.  In bigger range, EURUSD backed from 78.6% at 1.2946, extension at 1.4739, 1.5321 still in progress, EURUSD broker trend line so possible to back test it.

New High:  1.4466, 1.4522, 1.4485.

New Low:  1.4354, 1.4410, 1.4373.

Pivot Point: R3-1.4553, R2-1.4510, R1-1.4483, PP-1.4440, S1-1.4397, S2-1.4371, S3-1.4328.

 

 

Forex Trading EVO - EUR/USD Technical Analysis - 15/April

By Praful Patat    05:00 GMT

EURUSD is consolidation on daily chart, also EURUSD formed double top on 1 hour chart and reverse still in progress. EURUSD break of 1.4525 further going up side toward 1.4554-1.4638 area and break of 1.4349 support going down side toward 1.4245 on intraday.  EURUSD backed from 38.2% at 1.4394, extension at 1.4554, 1.4638 still in progress. In EURUSD strong resistance is at 1.4525, and strong support at 1.4349, minor support at 1.4452. In bigger range, EURUSD backed from 78.6% at 1.2946, extension at 1.4739 ,1.5321 still in progress, EURUSD broker trend line so possible to back test it.

New High:  1.4501, 1.4575, 1.4562.

New Low:  1.4352, 1.4426, 1.4413.

Pivot Point: R3-1.4604, R2-1.4547, R1-1.4512, PP-1.4455, S1-1.4398, S2-1.4363, S3-1.4306.

 

 

EUR/USD Technical Analysis - 14/April

By Praful Patat   05:00 GMT

EURUSD is consolidation on daily chart, also EURUSD formed double top on 1 hour chart and reverse. EURUSD break of 1.4525 further going up side toward 1.4554-1.4638 area and break of 1.4390 support going down side toward 1.4245 on intraday.  EURUSD backed from 38.2% at 1.4394, extension at 1.4554, 1.4638 still in progress. EURUSD completed 161.8% extension at 1.4470 and retrace toward 1.4082, 1.3836 area in bigger range this is only possible if not break of 1.4470 extension. In EURUSD minor resistance is at 1.4477, possible reverse from 1.4477. If reverse from 1.4477 then going down toward 1.4375-1.4335

New High:  1.4481, 1.4535, 1.4496.

New Low:  1.4374, 1.4428, 1.4389.

Pivot Point: R3-1.4565, R2-1.4524, R1-1.4499, PP-1.4458, S1-1.4417, S2-1.4392, S3-1.4351.

EUR/USD Daily Chart 14/april

 

EUR/USD Technical Analysis - 13/April

By Praful Patat  05:00 GMT

EURUSD is still up trend in progress and forming channel within channel. EURUSD backed from 38.2% at 1.4394, extension at 1.4554, 1.4638. EURUSD completed 161.8% extension at 1.4470 and retrace toward 1.4082, 1.3836 area in bigger range this is only possible if not break of 1.4470 extension. If EURUSD won’t go extension then also possible to form Head and Shoulder pattern on 4 hour chart, confirm after going down side toward 1.4374 then again going up side at 1.4486 and then down 1.4337, 1.4288 area.

New High:  1.4498, 1.4569, 1.4547.

New Low:  1.4356, 1.4427, 1.4404.

Pivot Point: R3-1.4598, R2-1.4544, R1-1.4511, PP-1.4457, S1-1.4403, S2-1.4369, S3-1.4315.

EUR/USD Chart 13/April

 

EUR/USD Technical - 12/ April

By Praful Patat

EURUSD is still up trend in progress. EURUSD completed 161.8% extension at 1.4470 and retrace toward 1.4394, 1.4335 area, if back from this area then again going up side toward 1.4554, 1.4638, otherwise continues going down side 1.4082, 1.3836 area in bigger range. In EURUSD strong support is at 1.4335. In EURUSD trend line pass at 1.4365-55 area, break of this trend line, next target is 1.4292 possible. EURUSD break of 1.4464 resistance further going up side toward 1.4554, 1.4638 area.

Strategy: EURUSD buy from support or sell from resistance.

New High:  1.4458, 1.4489, 1.4465.

New Low:  1.4396, 1.4427, 1.4403.

Pivot Point: R3-1.4508, R2-1.4484, R1-1.4469, PP-1.4446, S1-1.4422, S2-1.4407, S3-1.4383.

 

Forex Trading EVO - EUR/USD Technical - 08/April

By Praful Patat

EURUSD is continues going up side toward 1.4469 extension also forming triangle on 1 hour chart. EURUSD hit 127.2% extension at 1.4402, 161.8% at 1.4472. In EURUSD there are many resistance between .4435-1.4485 area, possibility to back from this area. EURUSD strong support is 1.4248 if break of this support, going down side toward 1.4150 next target. EURUSD touched 127.2% extension at 1.4349 of 1.4247 to 1.3856, 161.8% at 1.4469 which is also 161.8% of 1.3863 to 1.2873. EURUSD backed from Fib No. 50.0% at 1.4057 from 1.3856 to 1.4246, extension 127.2% at 1.4347, 161.8% at 1.4478 still in progress.

Strategy: EURUSD sell at 1.4400-1.4470 area target 120-180 pip with stop loss 1.4505

New High:  1.4322, 1.4370, 1.4355.

New Low:  1.4227, 1.4275, 1.4260.

Pivot Point: R3-1.4390, R2-1.4353, R1-1.4331, PP-1.4295, S1-1.4259, S2-1.4236, S3-1.4200.

EUR/USD Dailyu Chart 08/April

 

Forex Trading EVO - EUR/USD Technical - 07/April

By Praful Patat

EURUSD tested trend line on daily chart. Break of 1.4349 resistance further going up side toward 1.4469. In EURUSD strong support is 1.4248 if break of this support, going down side toward 1.4150 next target. EURUSD touched 127.2% extension at 1.4349 of 1.4247 to 1.3856, 161.8% at 1.4469 which is also 161.8% of 1.3863 to 1.2873. If EURUSD not break of 1.4349 resistance then retrace1.4224, 1.4146 area and break of 1.4349, further going up side toward next extension at 1.4469. EURUSD backed from Fib No. 50.0% at 1.4057 from 1.3856 to 1.4246, extension 127.2% at 1.4347, 161.8% at 1.4478 still in progress.

Strategy: EURUSD buy from support or sell from resistance.

New High:  1.4350, 1.4410, 1.4401.

New Low:  1.4200, 1.4270, 1.4261.

Pivot Point: R3-1.4436, R2-1.4382, R1-1.4349, PP-1.4296, S1-1.4242, S2-1.4209, S3-1.4156.

 

EUR/USD Technical Analysis - 05/April

By Praful Patat

EURUSD is forming complex pattern (price go down slowly) on 1 hour chart. Break of 1.4233 resistance further going up side toward 1.4280. In EURUSD strong support is 1.4140 if break of this support, next target is 1.4110 immediately on intraday. If EURUSD will retrace at 1.4140 and back from 1.4140 then extension at 1.4322, 1.4393 area. In EURUSD strong resistance is 1.4280 if break of this level, next target is 1.4349, 1.4393 area on intraday.  EURUSD backed from Fib No. 78.6%(1.4094) on Friday, extension 127.2% at 1.4280, 161.8%1.4349 which is 127.2% extension of 1.4246 to 1.3865 still in progress. EURUSD backed from Fib No. 50.0% at 1.4057 from 1.3856 to 1.4246, extension 127.2% at 1.4347, 161.8% at 1.4478 still in progress.

Strategy: EURUSD buy from support or sell from resistance.

New High:  1.4244, 1.4282, 1.4258.

New Low:  1.4168, 1.4206, 1.4182.

Pivot Point: R3-1.4302, R2-1.4274, R1-1.4255, PP-1.4226, S1-1.4197, S2-1.4180, S3-1.4151.

 

Forex Trading EVO - EUR/USD Technical - 04/ April

By Praful Patat

EURUSD is doing sideway movement on 1 hour chart, price come from down side, break of 1.4250 going up side toward extension 1.4280 and break of 1.4211 support further going downside toward 1.4180 on intraday. EURUSD backed from Fib No. 78.6%(1.4094) on Friday, extension 127.2% at 1.4280, 161.8%1.4349 which is 127.2% extension of 1.4246 to 1.3865. EURUSD backed from Fib No. 50.0% at 1.4057 from 1.3856 to 1.4246, extension 127.2% at 1.4347, 161.8% at 1.4478 still in progress. In EURUSD minor support at 1.4188.

Strategy: EURUSD buy from support or sell from resistance.

New High:  1.4240, 1.4332, 1.4327.

New Low:  1.4056, 1.4148, 1.4143.

Pivot: R3-1.4364, R2-1.4294, R1-1.4250, PP-1.4180, S1-1.4110, S2-1.4067, S3-1.3997.

 

Forex Trading EVO - EUR/USD Technical - 1st April

By Praful Patat

EURUSD is doing sideway movement on 1 hour chart. Break of 1.4152 support, further going down side toward 1.4120 and break of 1.4177 resistance going up side toward 1.4225 on intraday. EURUSD backed from Fib No. 50.0% at 1.4057 from 1.3856 to 1.4246, extension 127.2% at 1.4347, 161.8% at 1.4478, this is only possible If break of 1.4200 resistance which is 78.6% from 1.4246 to 1.4052 still in progress. If EURUSD  will back from 1.4120 then again going up side toward extension 1.4285, 1.4349 area.

Strategy: EURUSD buy from support or sell from resistance.

New High:  1.4195, 1.4254, 1.4216.

New Low:  1.4078, 1.4137, 1.4099.

Pivot: R3-1.4285, R2-1.4240, R1-1.4213, PP-1.4168, S1-1.4123, S2-1.4096, S3-1.4051.

 

EURUSD backed from Fib No. 61.8% at 1.4140 (78.6% at 1.4172), extension 127.2% at 1.3967, 1.3898, 1.3967 which is 61.8% of 1.3864 to 1.4248. EURUSD backed from Fib No. 50.0% at 1.4057 from 1.3856 to 1.4246, extension 127.2% at 1.4347, 161.8% at 1.4478, this is only possible If break of 1.4200 resistance which is 78.6% from 1.4246 to 1.4052 still in progress. EURUSD break of 1.4108 support further down toward next support at 1.4057 on intraday otherwise continues going up side toward extension.
Strategy: EURUSD buy from support or sell from resistance.
New High:  1.4137, 1.4185, 1.4175.
New Low:  1.4042, 1.4090, 1.4080.
R3-1.4204, R2-1.4167, R1-1.4145, PP-1.4108, S1-1.4072, S2-1.4049, S3-1.4013.

Forex Tarding EVO - EUR/USD Technical - 31/March

By Praful Patat

EURUSD backed from Fib No. 61.8% at 1.4140 (78.6% at 1.4172), extension 127.2% at 1.3967, 1.3898, 1.3967 which is 61.8% of 1.3864 to 1.4248. EURUSD backed from Fib No. 50.0% at 1.4057 from 1.3856 to 1.4246, extension 127.2% at 1.4347, 161.8% at 1.4478, this is only possible If break of 1.4200 resistance which is 78.6% from 1.4246 to 1.4052 still in progress. EURUSD break of 1.4108 support further down toward next support at 1.4057 on intraday otherwise continues going up side toward extension.

Strategy: EURUSD buy from support or sell from resistance.

New High:  1.4137, 1.4185, 1.4175.

New Low:  1.4042, 1.4090, 1.4080.

Pivot: R3-1.4204, R2-1.4167, R1-1.4145, PP-1.4108, S1-1.4072, S2-1.4049, S3-1.4013.

 
EUR-USD Technical - 29/March
Written by Praful Patat   
Tuesday, 29 March 2011 05:30

EURUSD is forming ABCD pattern and also gartley pattern on 1 hour chart, pattern confirm at 1.4140, 1.4172 area. EURUSD backed from Fib No. 50.0% at 1.4057 from 1.3856 to 1.4246, extension 127.2% at 1.4347, 161.8% at 1.4478, this is only possible If break of 1.4200 resistance which is 78.6% from 1.4246 to 1.4052 still in progress. EURUSD break of 1.4020 support further down toward next support at 1.3963 on intraday otherwise continues going up side toward extension.
Strategy: EURUSD buy 1.4080 target 1.4140, 1.4170 with stop loss 1.4020 or sell at 1.4140, 1.4170 area target 100 pip with stop loss 1.4205
New High:  1.4101, 1.4148, 1.4133.
New Low:  1.4007, 1.4054, 1.4039.
R3-1.4168, R2-1.4132, R1-1.4110, PP-1.4073, S1-1.4037, S2-1.4015, S3-1.3979.

EURUSD is forming ABCD pattern and also gartley pattern on 1 hour chart, pattern confirm at 1.4140, 1.4172 area. EURUSD backed from Fib No. 50.0% at 1.4057 from 1.3856 to 1.4246, extension 127.2% at 1.4347, 161.8% at 1.4478, this is only possible If break of 1.4200 resistance which is 78.6% from 1.4246 to 1.4052 still in progress. EURUSD break of 1.4020 support further down toward next support at 1.3963 on intraday otherwise continues going up side toward extension.

Strategy: EURUSD buy 1.4080 target 1.4140, 1.4170 with stop loss 1.4020 or sell at 1.4140, 1.4170 area target 100 pip with stop loss 1.4205

New High:  1.4101, 1.4148, 1.4133.

New Low:  1.4007, 1.4054, 1.4039.

Pivot: R3-1.4168, R2-1.4132, R1-1.4110, PP-1.4073, S1-1.4037, S2-1.4015, S3-1.3979.

EUR/USD CHART

 
EUR-USD Technical - 28/March
Written by Praful Patat   
Monday, 28 March 2011 05:17

 

EURUSD still in uptrend zone and forming counter pattern on 1 hour chart. EURUSD backed from Fib No. 50.0% at 1.4057 from 1.3856 to 1.4246, extension 127.2% at 1.4347, 161.8% at 1.4478, this is only possible If break of 1.4200 resistance which is 78.6% from 1.4246 to 1.4052 still in progress. EURUSD continues going down toward 1.4011, 1.3962 like “M” shape pattern on 1 hour chart. EURUSD break of 1.4026 support further down toward next support at 1.3963 on intraday. In EURUSD retracement is possible toward 1.4094 resistance then down toward extension.
Strategy: EURUSD buy from support or sell from resistance.
New High:  1.4136, 1.4205, 1.4147.
New Low:  1.3998, 1.4067, 1.4009.
R3-1.4250, R2-1.4197, R1-1.4164, PP-1.4111, S1-1.4059, S2-1.4026, S3-1.3973.

EURUSD still in uptrend zone and forming counter pattern on 1 hour chart. EURUSD backed from Fib No. 50.0% at 1.4057 from 1.3856 to 1.4246, extension 127.2% at 1.4347, 161.8% at 1.4478, this is only possible If break of 1.4200 resistance which is 78.6% from 1.4246 to 1.4052 still in progress. EURUSD continues going down toward 1.4011, 1.3962 like “M” shape pattern on 1 hour chart. EURUSD break of 1.4026 support further down toward next support at 1.3963 on intraday. In EURUSD retracement is possible toward 1.4094 resistance then down toward extension.

Strategy: EURUSD buy from support or sell from resistance.

New High:  1.4136, 1.4205, 1.4147.

New Low:  1.3998, 1.4067, 1.4009.

Pivot: R3-1.4250, R2-1.4197, R1-1.4164, PP-1.4111, S1-1.4059, S2-1.4026, S3-1.3973.

EUR-USD Forex Trading Chart 28 March

 
EUR-USD Technical - 25/March

EURUSD is doing sideway movement on 1 hour chart. EURUSD backed from Fib No. 50.0% at 1.4057 from 1.3856 to 1.4246, extension 127.2% at 1.4347, 161.8% at 1.4478, this is only possible If break of 1.4200 resistance which is 78.6% from 1.4246 to 1.4052. If EURUSD not break of 1.4200 resistance then again continues down toward 1.4011, 1.3962 like “M” shape pattern. EURUSD break of 1.4149 daily PP further down toward next support at 1.4096 on intraday.
Strategy: EURUSD sell at 1.4170 target 1.4096 with stop loss 1.4210 or buy above 1.4225 target 1.4378 with stop loss 1.4149
New High:  1.4199, 1.4282, 1.4161.
New Low:  1.4032, 1.4115, 1.4094.
R3-1.4316, R2-1.4252, R1-1.4213, PP-1.4149, S1-1.4086, S2-1.4047, S3-1.3983.

EURUSD is doing sideway movement on 1 hour chart. EURUSD backed from Fib No. 50.0% at 1.4057 from 1.3856 to 1.4246, extension 127.2% at 1.4347, 161.8% at 1.4478, this is only possible If break of 1.4200 resistance which is 78.6% from 1.4246 to 1.4052. If EURUSD not break of 1.4200 resistance then again continues down toward 1.4011, 1.3962 like “M” shape pattern. EURUSD break of 1.4149 daily PP further down toward next support at 1.4096 on intraday.

Strategy: EURUSD sell at 1.4170 target 1.4096 with stop loss 1.4210 or buy above 1.4225 target 1.4378 with stop loss 1.4149

New High:  1.4199, 1.4282, 1.4161.

New Low:  1.4032, 1.4115, 1.4094.

 
EUR-USD Technical - 24/March

EURUSD is retracing after test of 1.4229 extension on 4 hour chart, now going toward support at 1.4011, 1.3956 area. If EURUSD will back from 1.4011 then again going up side toward 1.4349, 1.4468 in bigger range and if not back from 1.4011 then continues going down toward 1.3747 support.  In EURUSD strong resistance at 1.4229 and support at 1.3956. EURUSD will again going up side, possibility to back from 1.4011 support. In EURUSD minor resistance is at 1.4156

Strategy: EURUSD buy from support or sell from resistance
New High:  1.4151, 1.4215, 1.4152.
New Low:  1.4022, 1.4086, 1.4023.
R3-1.4258, R2-1.4208, R1-1.4178, PP-1.4128, S1-1.4079, S2-1.4048, S3-1.3999.

EURUSD is retracing after test of 1.4229 extension on 4 hour chart, now going toward support at 1.4011, 1.3956 area. If EURUSD will back from 1.4011 then again going up side toward 1.4349, 1.4468 in bigger range and if not back from 1.4011 then continues going down toward 1.3747 support.  In EURUSD strong resistance at 1.4229 and support at 1.3956. EURUSD will again going up side, possibility to back from 1.4011 support. In EURUSD minor resistance is at 1.4156

Trading Strategy: EURUSD buy from support or sell from resistance

New High:  1.4151, 1.4215, 1.4152.

New Low:  1.4022, 1.4086, 1.4023.

 
EUR/USD Technical - 18/March
Written by Praful Patat   
Friday, 18 March 2011 05:44

EURUSD broke triangle on up side and going toward extension at 1.4082 1.4172 from 1.4011 to 1.3751. In EURUSD strong resistance at 1.4122 if not break of this level then retrace again at 1.3862, 1.3693 and break of 1.4122 resistance next target is 1.4285.4473 in bigger range. Break of 1.3990, next support is 1.3850 and break of 1.4122 resistance, further going up side toward 1.4284 on intraday. In EURUSD minor resistance at 1.4082.
Strategy: EURUSD sell from 1.4122, 1.4157 area target 1.4080, 1.3990 stop loss 1.4300
New High:  1.4036, 1.4128, 1.4112.
New Low:  1.3852, 1.3944, 1.3928.
R3-1.4161, R2-1.4094, R1-1.4050, PP-1.3980, S1-1.3909, S2-1.3866, S3-1.3795.

EURUSD broke triangle on up side and going toward extension at 1.4082 1.4172 from 1.4011 to 1.3751. In EURUSD strong resistance at 1.4122 if not break of this level then retrace again at 1.3862, 1.3693 and break of 1.4122 resistance next target is 1.4285.4473 in bigger range. Break of 1.3990, next support is 1.3850 and break of 1.4122 resistance, further going up side toward 1.4284 on intraday. In EURUSD minor resistance at 1.4082.

Strategy: EURUSD sell from 1.4122, 1.4157 area target 1.4080, 1.3990 stop loss 1.4300

New High:  1.4036, 1.4128, 1.4112.

New Low:  1.3852, 1.3944, 1.3928.

Pivot: R3-1.4161, R2-1.4094, R1-1.4050, PP-1.3980, S1-1.3909, S2-1.3866, S3-1.3795.

 
EUR-USD Technical - 17/March
Written by Praful Patat   
Thursday, 17 March 2011 06:03

 

EURUSD is forming triangle on 4 hour chart. EURUSD backed from Fib No. 50.0% at 1.3854 from 1.3751 to 1.4003, extension 127.2% at 1.4069, 161.8% at 1.4157 still in progress. Break of 1.3838, next support is 1.3750 and break of 1.4035 resistance, further going up side toward 1.4284. In EURUSD minor support at 1.3865 if not break of this support will stay up.
In bigger range, EURUSD break of 1.3750 support further going down side toward 1.3427 and break of 1.4035 resistance further going up side 1.4284.
Strategy: EURUSD buy from support or sell from resistance
New High:  1.3950, 1.4019, 1.3966.
New Low:  1.3813, 1.3882, 1.3829.
R3-1.4057, R2-1.4005, R1-1.3973, PP-1.3921, S1-1.3870, S2-1.3838, S3-1.3786.

EURUSD is forming triangle on 4 hour chart. EURUSD backed from Fib No. 50.0% at 1.3854 from 1.3751 to 1.4003, extension 127.2% at 1.4069, 161.8% at 1.4157 still in progress. Break of 1.3838, next support is 1.3750 and break of 1.4035 resistance, further going up side toward 1.4284. In EURUSD minor support at 1.3865 if not break of this support will stay up.

 

In bigger range, EURUSD break of 1.3750 support further going down side toward 1.3427 and break of 1.4035 resistance further going up side 1.4284.

Strategy: EURUSD buy from support or sell from resistance

New High:  1.3950, 1.4019, 1.3966.

New Low:  1.3813, 1.3882, 1.3829.

Pivot: R3-1.4057, R2-1.4005, R1-1.3973, PP-1.3921, S1-1.3870, S2-1.3838, S3-1.3786.

 

 
EUR-USD Technical - 16/March
Written by Praful Patat   
Wednesday, 16 March 2011 06:05

EURUSD backed from Fib No. 50.0% at 1.3854 from 1.3751 to 1.4003, extension 127.2% at 1.4069, 161.8% at 1.4157. EURUSD retraced Fib No. 74.6% at 1.3794 from 1.3711 to 1.4035, projection at 1.4122 which is also 127.2% projection of 1.2872 to 1.3860 still in progress. Break of 1.3859, next support is 1.3797 and break of 1.4035 resistance, further going up side toward 1.4069 on intraday. In EURUSD minor support at 1.3915, break of this support further going down to 1.3892.
Strategy: EURUSD sell at 1.4070, 1.4122 area target 1.3970, 1.3845 stop loss 1.4185
New High:  1.4006, 1.4085, 1.4077.
New Low:  1.3848, 1.3927, 1.3919.
R3-1.4112, R2-1.4052, R1-1.4015, PP-1.3955, S1-1.3894, S2-1.3857, S3-1.3797.

EURUSD backed from Fib No. 50.0% at 1.3854 from 1.3751 to 1.4003, extension 127.2% at 1.4069, 161.8% at 1.4157.

 
EUR-USD Technical - 14/March
Written by Praful Patat   
Monday, 14 March 2011 05:33

EURUSD touched 1.3914 resistance on Friday and stay above 1.3900 where bullish zone start. EURUSD retraced Fib No. 74.6% at 1.3794 from 1.3711 to 1.4035, projection at 1.4122 which is also 127.2% projection of 1.2872 to 1.3860 still in progress but this is only possible after break of 1.3982 resistance, otherwise down toward 1.3857, 1.3838 area. Break of 1.3838, next support is 1.3793 on intraday. If EURUSD will back from 1.3857, 1.3838 area then again going up side toward 1.4122 projection.
Strategy: EURUSD sell at 1.3930 target 1.3870, 1.3845 stop loss 1.3995
New High:  1.3908, 1.3989, 1.3983.
New Low:  1.3745, 1.3826, 1.3820.
R3-1.4018, R2-1.3956, R1-1.3918, PP-1.3856, S1-1.3793, S2-1.3755, S3-1.3693.

EURUSD touched 1.3914 resistance on Friday and stay above 1.3900 where bullish zone start. EURUSD retraced Fib No.

 
EUR-USD Technical - 11/March
Written by Praful Patat   
Friday, 11 March 2011 06:37

EURUSD retraced Fib No. 74.6% at 1.3794 from 1.3711 to 1.4035, projection at 1.4122 which is also 127.2% projection of 1.2872 to 1.3860.Break of 1.3741, next support is 1.3705. On 1 hour chart EURUSD tested up trend line. Break of daily PP further going up side, next target is 1.3912.  EURUSD backed from 78.6% at 1.3982 from 1.4283 to 1.2869 on daily chart still valid. On other hand, EURUSD will retrace toward 1.3873, 1.3935 from 1.4035 to 1.3773.
Strategy: EURUSD buy at 1.3820 target 1.3870, 1.3915 stop loss 1.3765
New High:  1.3861, 1.3935, 1.3872.
New Low:  1.3712, 1.3786, 1.3723.
R3-1.3980, R2-1.3923, R1-1.3888, PP-1.3831, S1-1.3774, S2-1.3739, S3-1.3682.

EURUSD retraced Fib No. 74.6% at 1.3794 from 1.3711 to 1.4035, projection at 1.4122 which is also 127.2% projection of 1.2872 to 1.3860

 
EUR/USD Technical - 10/March
Written by Praful Patat   
Thursday, 10 March 2011 06:29

EURUSD is doing sideway movement on 4 hour chart. Break of 1.3860, next support is 1.3816 and break of 1.3924 resistance further going up side toward 1.4006 next target. EURUSD backed from 78.6% at 1.3982 from 1.4283 to 1.2869 on daily chart still valid. On down trend, break of 1.3817, next target is 1.3741 on intraday. EURUSD will also test 1.3835 which 61.8% Fib No from 1.3710 to 1.4035. If EURUSD will back from 1.3835 then again up trend start.
Strategy: EURUSD buy from new low or sell from new high.
New High:  1.3925, 1.3968, 1.3951.
New Low:  1.3839, 1.3882, 1.3865.
R3-1.3987, R2-1.3954, R1-1.3934, PP-1.3901, S1-1.3868, S2-1.3848, S3-1.3815.

EURUSD is doing sideway movement on 4 hour chart. Break of 1.3860, next support is 1.3816 and break of 1.3924 resistance further

 
EUR/USD Technical - 09/March
Written by Praful Patat   
Wednesday, 09 March 2011 06:26

 

Yesterday EURUSD retrace at 50.0% from 1.3710 to 1.4035, break of 1.3928 level further going up side toward 1.3967 on intraday. Break of 1.3872, next support is 1.3835, if not break of 1.3835 support then going up side toward extension. EURUSD backed from 78.6% at 1.3982 from 1.4283 to 1.2869 on daily chart. In bigger range, also possibility to extend EURUSD next extension is at 1.4125, 1.4468 still in progress, this is possible if break of 1.4020 resistance.
On 15min chart, EURUSD is forming like gartley pattern confirm at 1.3962, also on 1 hour chart H&S pattern confirm at 1.3962. If break of 1.3962 resistance further going up side toward 1.4006.
Strategy: buy at 1.3885 target 1.3940, 1.3962 with stop loss 1.3850.
New High:  1.3946, 1.4009, 1.3967.
New Low:  1.3820, 1.3883, 1.3841.
R3-1.4044, R2-1.3996, R1-1.3966, PP-1.3918, S1-1.3869, S2-1.3839, S3-1.3791.

Yesterday EURUSD retrace at 50.0% from 1.3710 to 1.4035, break of 1.3928 level further going up side toward 1.3967 on intraday.

 
EUR/USD Technical - 08/March
Written by Praful Patat   
Tuesday, 08 March 2011 06:08

 

EURUSD is still in up trend zone, break of 1.4022 level further going up side toward extension at 1.4125. Break of 1.3952, next support is 1.3910, if not break of 1.3925 support then going up side toward extension. EURUSD backed from 78.6% at 1.3982 from 1.4283 to 1.2869. In bigger range, also possibility to extend EURUSD next extension is at 1.4125, 1.4468 still in progress, this is possible if break of 1.4020 resistance, otherwise retrace.
In up trend count, EURUSD, at this moment on 23.6% at 1.3958, now break  of this level further going down side at 1.3910 on intraday.
Strategy: buy at 1.3980 target 1.4028, 1.4124 with stop loss 1.3915 or sell at 1.4028, 1.4124 area target 80-100 pip with stop loss 1.4158
New High:  1.4002, 1.4043, 1.4009.
New Low:  1.3921, 1.3962, 1.3928.
R3-1.4066, R2-1.4036, R1-1.4017, PP-1.3986, S1-1.3955, S2-1.3936, S3-1.3905.

EURUSD is still in up trend zone, break of 1.4022 level further going up side toward extension at 1.4125. Break of 1.3952, next support is

 
EUR/USD Technical - 07/March
Written by Praful Patat   
Monday, 07 March 2011 06:15

EURUSD
At this moment, EURUSD is in neutral zone. EURUSD is still in consolidation zone on 1 hour chart, break of 1.4003 level further going up side toward 1.4125 on intraday. Break of 1.3952, next support is 1.3910, if not break of 1.3925 support then going up side toward extension. In bigger range, EURUSD next extension is at 1.4125, 1.4468 still in progress. If EURUSD will back from 1.4025 resistance then again retrace toward 1.39121.3835 area.
Strategy: buy at 1.3980 target 1.4028, 1.4124 with stop loss 1.3915 or sell at 1.4028, 1.4124 area target 80-100 pip with stop loss 1.4158
New High:  1.3997, 1.4030, 1.4020.
New Low:  1.3930, 1.3963, 1.3953.
R3-1.4044, R2-1.4019, R1-1.4003, PP-1.3977, S1-1.3952, S2-1.3936, S3-1.3910.

At this moment, EURUSD is in neutral zone. EURUSD is still in consolidation zone on 1 hour chart, break of 1.4003 level further going up side toward 1.4125 on intraday.

 
EUR/USD Technical - 04/March
Written by Praful Patat   
Friday, 04 March 2011 05:57

EURUSD is consolidation on 1 hour chart (Complex pattern), break of 1.3975 level further going up side toward extension 127.2% at 1.4028, 161.8% at 1.4243 from 1.3860 to 1.3240. Break of 1.3925, next support is 1.3875, if not break of 1.3925 support then going up side toward extension. In EURUSD, 55 EMA at 1.3789 and 1 hour at 1.3885. In bigger range, EURUSD next extension is at 1.4125, 1.4468. In EURUSD strong resistance at 1.4311 on weekly chart, also down trend line pass there. On daily chart, EURUSD will extension at 1.4125.

 
EUR/USD Technical - 03/March
Written by Praful Patat   
Thursday, 03 March 2011 05:50

EURUSD tested 1.3892 projection yesterday. Now EURUSD will retrace for further going up side, retrace at 1.3751, 1.3664. EURUSD break of 1.3895 further going up side 1.3922 daily resistance, Which is Fib No. 74.6% from 1.4280 to 1.2868. If EURUSD will back from 1.3922 level then will come down to 1.3521, 1.3273 in bigger range. EURUSD will retrace like flag pattern (price go down slowly).
Strategy: Sell at 1.3860, 1.3922 area target 1.3760, 1.3670 with stop loss 1.3978
New High:  1.3878, 1.3951, 1.3939.
New Low:  1.3731, 1.3804, 1.3792.
R3-1.3858, R2-1.3923, R1-1.3888, PP-1.3832, S1-1.3776, S2-1.3741, S3-1.3685.

EURUSD tested 1.3892 projection yesterday. Now EURUSD will retrace for further going up side, retrace at 1.3751, 1.3664. EURUSD break of 1.3895 further going up side 1.3922 daily resistance, Which is Fib No. 74.6% from 1.4280 to 1.2868. If EURUSD will back from 1.3922 level then will come down to 1.3521, 1.3273 in bigger range. EURUSD will retrace like flag pattern (price go down slowly).  

 
EUR/USD Technical - 02/March
Written by Praful Patat   
Wednesday, 02 March 2011 05:44

EURUSD formed double top on 1 hour chart and reject 1.3892 projection. In EURUSD break of 1.3797 daily PP going further up side 1.3922 daily resistance.  EURUSD break of 1.3747 minor support level further going down side toward 1.3701 on intraday. Also 4 hour EMA at 1.3728, EURUSD will back from 1.3728 acts as support. EURUSD resistance at 1.3779, break of this level further going up side toward 1.3832 on intraday.
Strategy: Buy at support or Sell at resistance.
New High:  1.3815, 1.3861, 1.3822.
New Low:  1.3723, 1.3769, 1.3730
R3-1.3889, R2-1.3854, R1-1.3832, PP-1.3797, S1-1.3762, S2-1.3740, S3-1.3705

EURUSD formed double top on 1 hour chart and reject 1.3892 projection. In EURUSD break of 1.3797 daily PP going further up side 1.3922 daily resistance.  EURUSD break of 1.3747 minor support level further going down side toward 1.3701 on intraday. Also 4 hour EMA at 1.3728, EURUSD will back from 1.3728 acts as support. EURUSD resistance at 1.3779, break of this level further going up side toward 1.3832 on intraday. 

 
EUR/USD Technical - 01/March
Written by Praful Patat   
Tuesday, 01 March 2011 05:50

EURUSD is still up trend in progress toward projection 1.3892. EURUSD break of 1.3892 resistance going further up side 1.3922 daily resistance.  EURUSD break of 1.3766 minor support level further going down side toward 1.3701 on intraday. Also 4 hour EMA at 1.3712, EURUSD will back from 1.3712 acts as support. EURUSD will stay above 1.3810 trend is up on intraday, otherwise down trend still US session. EURUSD is forming ABCD from 1.3522 to 1.3837, extension 127.2% at 1.3922, 161.8% at 1.4013 which is near to 127.2% of big ABCD pattern from 1.3243 to 1.3862.
Strategy: Buy at support at 1.3810 target 1.3892, 1.3922 with stop loss 1.3690 or sell from 1.3892, 1.3922 area.
New High:  1.3831, 1.3903, 1.3878.
New Low:  1.3687, 1.3759, 1.3734
R3-1.3934, R2-1.3879, R1-1.3845, PP-1.3790, S1-1.3735, S2-1.3701, S3-1.3646

EURUSD is still up trend in progress toward projection 1.3892. EURUSD break of 1.3892 resistance going further up side 1.3922 daily resistance.  EURUSD break of 1.3766 minor support level further going down side toward 1.3701 on intraday. Also 4 hour EMA at 1.3712, EURUSD will back from 1.3712 acts as support. EURUSD will stay above 1.3810 trend is up on intraday, otherwise down trend still US session. EURUSD is forming ABCD from 1.3522 to 1.3837, extension 127.2% at 1.3922, 161.8% at 1.4013 which is near to 127.2% of big ABCD pattern from 1.3243 to 1.3862.

 
EUR/USD Technical - 28/Feb
Written by Praful Patat   
Monday, 28 February 2011 05:48

EURUSD is forming ABCD pattern still in progress from Fib No 61.8% at 1.3537 from 1.3427 to 1.3715, extension 127.2% at 1.3792, 161.8% at 1.3891. EURUSD is still up trend in progress toward projection 1.3892. EURUSD break of daily PP going further up side 1.3842 daily resistance.  EURUSD is still above up trend line and if break of up trend line at 1.3705 further going down side target 1.3644. EURUSD is also forming Head and Shoulder pattern on 15min chart, confirm at if back from 1.3662 then going down side 1.3722 and back from here then confirm after break of 1.3662 level. EURUSD is also forming triangle on 15min chart.
Strategy: Buy at support or Sell at resistance.
New High:  1.3795, 1.3852, 1.3809.
New Low:  1.3681, 1.3738, 1.3695

EURUSD is forming ABCD pattern still in progress from Fib No 61.8% at 1.3537 from 1.3427 to 1.3715, extension 127.2% at 1.3792, 161.8% at 1.3891. EURUSD is still up trend in progress toward projection 1.3892. EURUSD break of daily PP going further up side 1.3842 daily resistance.  EURUSD is still above up trend line and if break of up trend line at 1.3705 further going down side target 1.3644. EURUSD is also forming Head and Shoulder pattern on 15min chart, confirm at if back from 1.3662 then going down side 1.3722 and back from here then confirm after break of 1.3662 level. EURUSD is also forming triangle on 15min chart. 

 
EUR/USD Technical - 25/Feb
Written by Praful Patat   
Friday, 25 February 2011 05:31

EURUSD is forming ABCD pattern still in progress from Fib No 61.8% at 1.3537 from 1.3427 to 1.3715, extension 127.2% at 1.3792, 161.8% at 1.3891. EURUSD is continues going up side toward extension 1.3892 without retracement.  In EURUSD strong support is 1.3792. EURUSD will test daily resistance on intraday and then back from 1.3892, again come down to 1.3750, 1.3644.
In bigger range, the long term up trend is still expected continues toward 1.4127 projection of 1.2873 to 1.3861. There is not signal for reversal before 1.3892.
Strategy: Buy at 1.3820 target 1.3892 stop loss 1.3770 or Sell at 1.3892 target 1.3750 with stop loss 1.3934.
New High:  1.3868, 1.3857.
New Low:  1.3752, 1.3741.
R3-1.3891, R2-1.3846, R1-1.3819, PP-1.3774, S1-1.3729, S2-1.3702, S3-1.3657

EURUSD is forming ABCD pattern still in progress from Fib No 61.8% at 1.3537 from 1.3427 to 1.3715, extension 127.2% at 1.3792, 161.8% at 1.3891. EURUSD is continues going up side toward extension 1.3892 without retracement.  In EURUSD strong support is 1.3792. EURUSD will test daily resistance on intraday and then back from 1.3892, again come down to 1.3750, 1.3644. 

 
EUR/USD Technical - 24/Feb
Written by Praful Patat   
Thursday, 24 February 2011 05:39

EURUSD is forming ABCD pattern still in progress from Fib No 61.8% at 1.3537 from 1.3427 to 1.3715, extension 127.2% at 1.3792, 161.8% at 1.3891. EURUSD is possible to back from 1.3792 extension, again come to 1.3690 on intraday. EURUSD break of 1.3792, further going up side to 1.3891. In EURUSD strong support is 1.3696. EURUSD stays below 1.3696 then down toward to 1.3557 again come.
In bigger range EURUSD will go up to 1.4127 as per Elliot Wave principle. Wave 5 over at 1.4127 level. IF fail in Elliot Wave then going down to 1.3298.
Strategy: Sell at 1.3792 target 1.3690 with stop loss 1.3906.
New High:  1.3767, 1.3836, 1.3817.
New Low:  1.3629, 1.3698, 1.3679.

EURUSD is forming ABCD pattern still in progress from Fib No 61.8% at 1.3537 from 1.3427 to 1.3715, extension 127.2% at 1.3792, 161.8% at 1.3891. EURUSD is possible to back from 1.3792 extension, again come to 1.3690 on intraday. EURUSD break of 1.3792, further going up side to 1.3891. In EURUSD strong support is 1.3696. EURUSD stays below 1.3696 then down toward to 1.3557 again come.

 
EUR/USD Technical - 24/Feb
Written by Praful Patat   
Thursday, 24 February 2011 05:39

EURUSD is forming ABCD pattern still in progress from Fib No 61.8% at 1.3537 from 1.3427 to 1.3715, extension 127.2% at 1.3792, 161.8% at 1.3891. EURUSD is possible to back from 1.3792 extension, again come to 1.3690 on intraday. EURUSD break of 1.3792, further going up side to 1.3891. In EURUSD strong support is 1.3696. EURUSD stays below 1.3696 then down toward to 1.3557 again come.
In bigger range EURUSD will go up to 1.4127 as per Elliot Wave principle. Wave 5 over at 1.4127 level. IF fail in Elliot Wave then going down to 1.3298.
Strategy: Sell at 1.3792 target 1.3690 with stop loss 1.3906.
New High:  1.3767, 1.3836, 1.3817.
New Low:  1.3629, 1.3698, 1.3679.

EURUSD is forming ABCD pattern still in progress from Fib No 61.8% at 1.3537 from 1.3427 to 1.3715, extension 127.2% at 1.3792, 161.8% at 1.3891. EURUSD is possible to back from 1.3792 extension, again come to 1.3690 on intraday. EURUSD break of 1.3792, further going up side to 1.3891. In EURUSD strong support is 1.3696. EURUSD stays below 1.3696 then down toward to 1.3557 again come.

 
EUR/USD Technical - 23/Feb
Written by Praful Patat   
Wednesday, 23 February 2011 06:00

EURUSD back from Fib No 61.8% at 1.3537 from 1.1.3427 to 1.3715, extension 127.2% at 1.3792, 161.8% at 1.3891. Now EURUSD  stay above 1.3696 strong resistance if break then going further up side toward 1.3742. On intraday, EURUSD will come back from 1.3792, again come down to 1.3690, 1.3625. In EURUSD strong resistance is 1.3696 which is Fib No. 61.8% from 1.3860 to 1.3427. EURUSD stays below 1.3696 then down toward to 1.3557 again come. At this moment, EURUSD is doing side movement on 1 hour chart.
Strategy: Buy at 1.3610 target 1.3780 with stop loss 1.3605 or sell at 1.3792 target 1.3690 with stop loss 1.3822 on intraday.
New High:  1.3677, 1.3767, 1.3740.
New Low:  1.3497, 1.3587, 1.3560.
R3-1.3805, R2-1.3736, R1-1.3694, PP-1.3625, S1-1.3557, S2-1.3515, S3-1.3446

EURUSD back from Fib No 61.8% at 1.3537 from 1.1.3427 to 1.3715, extension 127.2% at 1.3792, 161.8% at 1.3891. Now EURUSD  stay above 1.3696 strong resistance if break then going further up side toward 1.3742. On intraday, EURUSD will come back from 1.3792, again come down to 1.3690, 1.3625. In EURUSD strong resistance is 1.3696 which is Fib No. 61.8% from 1.3860 to 1.3427. EURUSD stays below 1.3696 then down toward to 1.3557 again come. At this moment, EURUSD is doing side movement on 1 hour chart.

 
EUR/USD Technical - 21/Feb
Written by Praful Patat   
Monday, 21 February 2011 05:16

EURUSD touched Fib No. (61.8%) at 1.3696 on Friday from 1.3860 to 1.3426. Break of 1.3650 daily PP further going down side to 1.3605 on intraday, and stay below 1.3605 next target is 1.3536, 1.3499.  Break of 1.3762 level further going upside toward 1.3820. EURUSD is still possibility to test 1.3742 if not break of daily PP.  At this moment, EURUSD is in selling pressure toward 1.3536, 1.3499, this is only if not break of 1.3742 resistance.
Strategy: Sell at 1.3680-1.3742 area target 1.3505 with stop loss 1.3768
New High:  1.3703, 1.3788, 1.3777
New Low:  1.3533, 1.3618, 1.3607
R3-1.3820, R2-1.3755, R1-1.3715, PP-1.3650, S1-1.3585, S2-1.3545, S3-1.3480

EURUSD touched Fib No. (61.8%) at 1.3696 on Friday from 1.3860 to 1.3426. Break of 1.3650 daily PP further going down side to 1.3605 on intraday, and stay below 1.3605 next target is 1.3536, 1.3499.  Break of 1.3762 level further going upside toward 1.3820. EURUSD is still possibility to test 1.3742 if not break of daily PP.  At this moment, EURUSD is in selling pressure toward 1.3536, 1.3499, this is only if not break of 1.3742 resistance.

 
EUR/USD Technical - 18/Feb
Written by Praful Patat   
Friday, 18 February 2011 05:43

 

EURUSD is forming channel in range, still in progress, break of 1.3621 Fib No. (61.8%), further going up side toward 1.3662 Fib No.(74.6%) from 1.3742 to 1.3427.Break of 1.3535 daily support further going down side to 1.3401 (127.2%),(161.8%) extension from 1.3507 to 1.3860.Break of 1.3621 level further going upside toward 1.3662. EURUSD break of channel line, further going upside 1.3742 as per channel length.  Possibility to selling pressure will come from 1.3621, 1.3662 area and break of this flag pattern on 4 hour chart further going next to 1.3742 daily resistance then will come down to 1.3505 point C from 1.3426 to 1.3742 (61.8%) at 1.3547, (74.6%) at 1.3505
Strategy: Sell from resistance with stop loss 1.3696
New High:  1.3614, 1.3655, 1.3650
New Low:  1.3532, 1.3573, 1.3568
R3-1.3669, R2-1.3638, R1-1.3618, PP-1.3587, S1-1.3556, S2-1.3537, S3-1.3505

EURUSD is forming channel in range, still in progress, break of 1.3621 Fib No. (61.8%), further going up side toward 1.3662 Fib No.(74.6%) from 1.3742 to 1.3427.Break of 1.3535 daily support further going down side to 1.3401 (127.2%),(161.8%) extension from 1.3507 to 1.3860.Break of 1.3621 level further going upside toward 1.3662. EURUSD break of channel line, further going upside 1.3742 as per channel length.  Possibility to selling pressure will come from 1.3621, 1.3662 area and break of this flag pattern on 4 hour chart further going next to 1.3742 daily resistance then will come down to 1.3505 point C from 1.3426 to 1.3742 (61.8%) at 1.3547, (74.6%) at 1.3505

 
EUR/USD Technical - 17/Feb
Written by Praful Patat   
Thursday, 17 February 2011 06:10

 

EURUSD is forming channel in range, still in progress, going toward 1.3621 (61.8%) from 1.3742 to 1.3427. break of 1.3442 daily support further going down side to 1.3401 (127.2%),(161.8%) extension from 1.3507 to 1.3860.Break of 1.3621 level further going upside toward 1.3662. In big range from 1.3241 to 1.3860,Fib No. 61.8% at 1.3497 and give buy signal here, but price on uptrend line. Possibility to selling pressure will come from 1.3621, 1.3662 area and break of this flag pattern on 4 hour chart further going next to 1.3742 daily resistance
Strategy: Sell from resistance with stop loss 1.3696
New High:  1.3640, 1.3631.
New Low:  1.3515, 1.3506
R3-1.3665, R2-1.3617, R1-1.3587, PP-1.3539, S1-1.3491, S2-1.3461, S3-1.3413

EURUSD is forming channel in range, still in progress, going toward 1.3621 (61.8%) from 1.3742 to 1.3427. break of 1.3442 daily support further going down side to 1.3401 (127.2%),(161.8%) extension from 1.3507 to 1.3860.Break of 1.3621 level further going upside toward 1.3662. In big range from 1.3241 to 1.3860,Fib No. 61.8% at 1.3497 and give buy signal here, but price on uptrend line. Possibility to selling pressure will come from 1.3621, 1.3662 area and break of this flag pattern on 4 hour chart further going next to 1.3742 daily resistance

 
EUR/USD Technical - 16/Feb

 

EURUSD sustain on trend line on 4 hour chart, break of 1.3540 strong resistance then further going up side to 1.3621. EURUSD is forming channel in range, still in progress, break of 1.3442 daily support further going down side to 1.3401 (127.2%),(161.8%) extension from 1.3507 to 1.3860 and break of 1.3540 further going up side to test 1.3621 trend line on intraday. Also Fib No. 61.8% at 1.3621 from 1.3743 to 1.3427, forming counter ABCD pattern in big range from 1.3241 to 1.3860,Fib No. 61.8% at 1.3497 and give buy signal here, but price on uptrend line. At this time another chance to fall is still in favor with 1.3401 daily support.
Strategy: Sell from resistance with stop loss 1.3668
Range: 1.3531 to 1.3441
R3-1.3589, R2-1.3554, R1-1.3533, PP-1.3499, S1-1.3464, S2-1.3443, S3-1.3409

EURUSD sustain on trend line on 4 hour chart, break of 1.3540 strong resistance then further going up side to 1.3621. EURUSD is forming channel in range, still in progress, break of 1.3442 daily support further going down side to 1.3401 (127.2%),(161.8%) extension from 1.3507 to 1.3860 and break of 1.3540 further going up side to test 1.3621 trend line on intraday. Also Fib No. 61.8% at 1.3621 from 1.3743 to 1.3427, forming counter ABCD pattern in big range from 1.3241 to 1.3860,Fib No. 61.8% at 1.3497 and give buy signal here, but price on uptrend line. At this time another chance to fall is still in favor with 1.3401 daily support.

 
EUR/USD Technical - 15/Feb

EURUSD yesterday was going up in NY season, so retracement time in EUR season today. EURUSD is forming channel in range, still in progress, break of 1.3442 daily support further going down side to 1.3401 (127.2%),(161.8%) extension from 1.3507 to 1.3860 and break of today’s range 1.3525 further going up side to test 1.3621 trend line on intraday. Also Fib No. 61.8% at 1.3621 from 1.3743 to 1.3427, forming counter ABCD pattern in big range from 1.3241 to 1.3860,Fib No. 61.8% at 1.3497 and give buy signal here, but price in downtrend line. At this time another chance to fall is still in favor with 1.3401 daily support.
Strategy: Sell from resistance with stop loss 1.3696
Range: 1.3525 to 1.3393
R3-1.3621, R2-1.3571 R1-1.3540, PP-1.3491, S1-1.3441, S2-1.3410, S3-1.3361

EURUSD yesterday was going up in NY season, so retracement time in EUR season today. EURUSD is forming channel in range, still in progress, break of 1.3442 daily support further going down side to 1.3401 (127.2%),(161.8%) extension from 1.3507 to 1.3860 and break of today’s range 1.3525 further going up side to test 1.3621 trend line on intraday. Also Fib No. 61.8% at 1.3621 from 1.3743 to 1.3427, forming counter ABCD pattern in big range from 1.3241 to 1.3860,Fib No. 61.8% at 1.3497 and give buy signal here, but price in downtrend line. At this time another chance to fall is still in favor with 1.3401 daily support. 

 
Forex Technical Analysis
Monday, 10 January 2011 11:01

Forex Trading is base on two type of Analysis, Technical and Fundamental. Most of the Forex Traders are using technical analysis to achieve their target in trading forex. The main sources of technical analysis are following indicators Moving Averages, Gartley Pattern, Butterfly Pattern, Support and Resistance, Elliot Wave Theory and MACD. Some Indicators are very helpful to predict about the future market.