Last Fib of the Year Happy New Year to Everyone! EURUSD managed to break through 1.1965 and is now flirting with the 1.2000 level. Through this eyes 1.2033 and 1.2092, the highs of Sept 20 and Sept 8 respectively. Support is now seen at 1.1965, 1.1920/00 and, whilst 1.2000 holds, the current fib retracements at […]
EURUSD currently around 1.1874. Through 1.1909 paves the way for 1.1940 and 1.1965. To the downside immediate support is seen at 1.1860 with 1.1825/1.1775/1.1725 further below.
Target for the long trade was reached at 1.1847. EURUSD now looking to break higher seeking 1.1877/1.1940/1.1980 Failure to break 1.1860/77 sees immediate support at 1.1800/1.1775/1.1730 A breach of 1.1712 will certainly draw the bears
Moving stop on long EURUSD to breakeven @ 1.1746, limit 1.1847
Long @ 1.1746, limit 1.1847, stop 1.1690 R3: 1.1877 R2: 1.1840 R1: 1.1810 S1: 1.1710 S2: 1.1675 S3: 1.1640
Wow, didn’t realise it had been so long! Time to get back into the swing of things and start posting daily updates on the EURUSD. Bitcoin looks interesting, anyone on that lottery?
I’m away for the remainder of the week but will update when I can. This is an update at 21:20 26 November based on events of today: Technical Analysis EURUSD broke thru’ 1.3540 early in European trade and this level remained supportive until USD Consumer Confidence figures provided a jittery blip. The ensuing dip to 1.3520 was soon […]
I’m away for the remainder of the week but will update when I can. This is an update at 20:30 25 November based on events of today: Technical Analysis Yesterday saw EURUSD making a high at 1.3556 and then trail down to 1.3490. This is in line with the analysis of finding support at 1.3500 having taken out stops […]
Technical Analysis Friday saw EURUSD attempting the recent highs at 1.3580 only to tail off at 1.3560 down to its current price at 1.3540. Support and resistance can be seen at R4: 1.3700 R3: 1.3627/50 61.8% Oct high to Nov low and former support R2: 1.3600 R1: 1.3564/78 50% Oct high to Nov low and […]
Technical Analysis From yesterday’s Fib, holding the key 1.3420/00 area proved to be pivotal. EURUSD has risen to test 1.3489, 50% retracement of the leg down from Nov 19 high, and should now look to test 1.3500/10. Support and resistance can be seen at R7: 1.3700 R6: 1.3627/50 61.8% Oct high to Nov low and […]