EUR Trading Outlook Archive

EURUSD Pivot: 1.118 Likely scenario: Short positions below 1.118 with targets @ 1.108 & 1.102 in extension. Alternative scenario: Above 1.118 look for further upside with 1.1255 & 1.132 as targets. Comment: As long as the resistance at 1.118 is not surpassed, the risk of… Read more

EURUSD Pivot: 1.1255 Likely scenario: Short positions below 1.1255 with targets @ 1.115 & 1.112 in extension. Alternative scenario: Above 1.1255 look for further upside with 1.132 & 1.1355 as targets. Comment: The pair has validated a bearish flag pattern and remains on the downside.

EURUSD Pivot: 1.1355 Likely scenario: Short positions below 1.1355 with targets @ 1.1265 & 1.124 in extension. Alternative scenario: Above 1.1355 look for further upside with 1.139 & 1.141 as targets. Comment: The RSI is bearish and calls for further downside.

Medium Term Strategy: Forex Pair of the day EUR/USD – supported by a rising trend line The pair is trading in the middle of a bullish channel in place since March and is now supported by a rising trend line in place since early August and… Read more

EURUSD Pivot: 1.134 Likely scenario: Long positions above 1.134 with targets @ 1.144 & 1.1495 in extension. Alternative scenario: Below 1.134 look for further downside with 1.129 & 1.1255 as targets. Comment: The RSI lacks downward momentum.

EURUSD Pivot: 1.1265 Likely scenario: Long positions above 1.1265 with targets @ 1.133 & 1.137 in extension. Alternative scenario: Below 1.1265 look for further downside with 1.121 & 1.118 as targets. Comment: The RSI is mixed with a bullish bias. The pair has broken above… Read more

Medium Term Strategy: Forex Pair of the day EUR/CAD – previous high in sight The pair is supported by both a rising trend line in place since April and its ascending 50-day moving average. In addition, the upside breakout of the 1.457 former resistance is… Read more

EURUSD Pivot: 1.1335 Likely scenario: Short positions below 1.1335 with targets @ 1.125 & 1.121 in extension. Alternative scenario: Above 1.1335 look for further upside with 1.137 & 1.14 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its… Read more

EURUSD Pivot: 1.1335 Likely scenario: Short positions below 1.1335 with targets @ 1.128 & 1.125 in extension. Alternative scenario: Above 1.1335 look for further upside with 1.137 & 1.14 as targets. Comment: As long as 1.1335 is resistance, look for choppy price action with a… Read more

Medium Term Strategy: Forex Pair of the day EUR/USD – trading in a bullish channel The pair is trading close to the lower boundary of a bullish channel in place since March. In addition, the daily RSI has broken above a declining trend line in place… Read more