EUR Trading Outlook Archive

EURUSD Pivot: 1.129 Likely scenario: Long positions above 1.129 with targets @ 1.14 & 1.144 in extension. Alternative scenario: Below 1.129 look for further downside with 1.125 & 1.121 as targets. Comment: The RSI lacks downward momentum. The prices remain supported by a rising trend… Read more

EURUSD Pivot: 1.1235 Likely scenario: Long positions above 1.1235 with targets @ 1.132 & 1.135 in extension. Alternative scenario: Below 1.1235 look for further downside with 1.121 & 1.117 as targets. Comment: The RSI is well directed.  

EURUSD Pivot: 1.1185 Likely scenario: Long positions above 1.1185 with targets @ 1.126 & 1.129 in extension. Alternative scenario: Below 1.1185 look for further downside with 1.113 & 1.109 as targets. Comment: Technically the RSI is above its neutrality area at 50.  

EURUSD Pivot: 1.115 Likely scenario: Long positions above 1.115 with targets @ 1.123 & 1.126 in extension. Alternative scenario: Below 1.115 look for further downside with 1.1115 & 1.1085 as targets. Comment: A support base at 1.115 has formed and has allowed for a temporary… Read more

EURUSD Pivot: 1.115 Likely scenario: Long positions above 1.115 with targets @ 1.126 & 1.1295 in extension. Alternative scenario: Below 1.115 look for further downside with 1.1115 & 1.1085 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

Medium Term Strategy: Forex Pair of the day EUR/USD – pulling back The pair has broken above the upper boundary of triangle pattern and is posting a pull back ahead of a rebound. Then, as long as 1.0810 holds as a strong support, further advance is… Read more

EURUSD Pivot: 1.1115 Likely scenario: Long positions above 1.1115 with targets @ 1.121 & 1.126 in extension. Alternative scenario: Below 1.1115 look for further downside with 1.1085 & 1.105 as targets. Comment: The RSI lacks downward momentum.

EURUSD Pivot: 1.1175 Likely scenario: Short positions below 1.1175 with targets @ 1.1085 & 1.105 in extension. Alternative scenario: Above 1.1175 look for further upside with 1.121 & 1.126 as targets. Comment: The RSI is mixed to bearish.

EURUSD Pivot: 1.126 Likely scenario: Short positions below 1.126 with targets @ 1.12 & 1.1155 in extension. Alternative scenario: Above 1.126 look for further upside with 1.129 & 1.132 as targets. Comment: The pair has broken below a rising trend line and remains on the… Read more

EURUSD Pivot: 1.123 Likely scenario: Long positions above 1.123 with targets @ 1.135 & 1.14 in extension. Alternative scenario: Below 1.123 look for further downside with 1.12 & 1.1155 as targets. Comment: The pair has broken above a declining trend line and remains on the… Read more