EUR Trading Outlook Archive

EURUSD Pivot: 1.1225 Likely scenario: Short positions below 1.1225 with targets @ 1.1145 & 1.1115 in extension. Alternative scenario: Above 1.1225 look for further upside with 1.128 & 1.132 as targets. Comment: The RSI advocates for further decline.

Medium Term Strategy: Forex Pair of the day EUR/USD – within a bullish channel The pair has broken above a falling wedge upper boundary and remains supported by he 50-days moving average. Moreover, the daily RSI is well directed above its neutrality area. Then, as long… Read more

EURUSD Pivot: 1.128 Likely scenario: Short positions below 1.128 with targets @ 1.1195 & 1.1145 in extension. Alternative scenario: Above 1.128 look for further upside with 1.1335 & 1.1385 as targets. Comment: The RSI lacks upward momentum.

Medium Term Strategy: Forex Pair of the day EUR/GBP – the upside prevails The pair has broken above a falling wedge upper boundary and remains supported by he 50-days moving average. Moreover, the daily RSI is well directed above its neutrality area. Then, as long as… Read more

EURUSD Pivot: 1.119 Likely scenario: Long positions above 1.119 with targets @ 1.1295 & 1.133 in extension. Alternative scenario: Below 1.119 look for further downside with 1.1145 & 1.1115 as targets. Comment: The RSI is mixed to bullish.

EURUSD Pivot: 1.121 Likely scenario: Long positions above 1.121 with targets @ 1.1295 & 1.133 in extension. Alternative scenario: Below 1.121 look for further downside with 1.1185 & 1.1145 as targets. Comment: The RSI is bullish and calls for further upside.  

Medium Term Strategy: Forex Pair of the day EUR/USD – the upside prevails The pair is trading in the middle of a bullish channel in place since March and is now supported by the 50-days moving average at 1.1150. In addition, the daily RSI has completed… Read more

EURUSD Pivot: 1.1215 Likely scenario: Short positions below 1.1215 with targets @ 1.1155 & 1.1105 in extension. Alternative scenario: Above 1.1215 look for further upside with 1.126 & 1.1295 as targets. Comment: As long as the resistance at 1.1215 is not surpassed, the risk of… Read more

EURUSD Pivot: 1.1235 Likely scenario: Short positions below 1.1235 with targets @ 1.1105 & 1.107 in extension. Alternative scenario: Above 1.1235 look for further upside with 1.1295 & 1.133 as targets. Comment: The RSI is bearish and calls for further downside.

EURUSD Pivot: 1.1105 Likely scenario: Long positions above 1.1105 with targets @ 1.1255 & 1.132 in extension. Alternative scenario: Below 1.1105 look for further downside with 1.102 & 1.097 as targets. 1.097 as targets.