EUR/USD trading recommendation - weekend analysis

EURUSD - DAILY chart

After last week's decline Eur/Usd has remained under bearish pressure. If it continues this direction it should reach 1.2170 level very soon. Next target would be 1.2050 then. The opposite scenario assumes that Eur/Usd breaks above 1.2270. The movement towards 1.2375 is expected then. Breaking this level would lead Eur/Usd up to 1.2530, where it would face the downtrend line and stronger resistance.

EURUSD - Daily chart

EUR/USD	Trading conditions	Targets
BUY	Buy after breaking above 1.2270 level	T1 1.2375 T2 1.2530
SELL	Sell if it fails to break 1.2270 resistance level	T1 1.2170 T2 1.2050
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EURUSD weekend review and trading scenario

EURUSD - H4 chart

It was an interesting end of the week on Eur/Usd. First, it failed to break above 1.2460-1.2485 resistance zone and fell down below the trend line. It didn't take long when it moved up again and closed the week above the broken trend line. Although it didn't manage to get above 1.2485 again, but I think, the uptrend scenario is most likely now. I expect it would get to 1.2530 and 1.2575 next. However, if the market open is not so positive and Eur/Usd loses some pace, then you should consider opposite scenario. Then movement towards 1.2400 is likely, but further decline would require stronger factor.

EURUSD - H1 chart

EUR/USD	Trading conditions	Targets
BUY	Buy after correction and the uptrend line is saved	T1 1.2530 T2 1.2575
SELL	Consider selling if it fails to break 1.2485	T1 1.2400 T2 1.2365
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EUR/USD is in crucial moment now

EURUSD - H1 chart

This is in very crucial moment for Eur/Usd. This will show how the week closes and what we can expect in the next one. After breaking the downtrend line it failed to break 1.2485 resistance, formed double top and now it's at the former trend line again. The support at 1.2420 stoped further decline , but if it fails it may expand to 1.2390 and next to 1.2365. If the support will be saved we should expect bounce up to 1.2485 again. In this option, reaching 1.2530 level is also very likely, if the pace would be strong enough.

EURUSD - H1 chart

Trade recommendation

Buy if the 1.2420 and trend line is saved. Consider selling if it's broken. Target levels: T1: 1.2485 T2: 1.2530 Latest bonus opportunities, free money to increase your profits Forex No Deposit Bonus Best Forex contests, fight for real $$$ Forex Contests Let the professionals take care for your money Forex Managed Accounts Current support levels 1.2420 1.2390 1.2365 Current resistance levels 1.2455 1.2485 1.2530

EURUSD consider buying option

EURUSD - H1 chart

After reaching 1.2365 resistance, the rate bounced down. It's likely it will fall more, but if this short term uptrend movement is to be kept, it should regain its power around current trend line. Consider opening long positon on Eur/Usd if it bounced up from the trend line. The rate must stay above 1.2330 support.

EURUSD - H1 chart

Trade recommendation

Buy if the price falls to the trend line and 1.2330 support is saved Target levels: T1: 1.2390 T2: 1.2420 for strong pace movement Latest bonus opportunities, free money to increase your profits Forex No Deposit Bonus Best Forex contests, fight for real $$$ Forex Contests Let the professionals take care for your money Forex Managed Accounts Current support levels 1.2330 1.2300 1.2260 Current resistance levels 1.2365 1.2390 1.2420

EURUSD is struggling to find its way

EURUSD - H1 chart

Yesterday eur/usd made a strong upward movement. It stopped on 1.2450 resistance, and now is preparing for the next move within 1.2350 - 1.2390 consolidation range. If it breaks 1.2370 and 1.2390, the further way up to 1.2450 shall be opened. Although it's still in bearish mood, upcoming hours will determine if it follows the scenario. If so, the targets are set on 1.2420 and 1.2450. Then it'll meet the downtrend line which may hold it for a while, but you can expect the rise even up to 1.2485 if the pace is powerful. You should observe the situation and consider opening long above 1.2370. The other option is that upocomming hours extend the decline - than prepare to set long around 1.2320 level.

EURUSD - H1 chart

Trade recommendation

Buy above 1.2390  Buy around 1.2320   Target levels: T1: 1.2420 T2: 1.2450 Latest bonus opportunities, free money to increase your profits Forex No Deposit Bonus Best Forex contests, fight for real $$$ Forex Contests Let the professionals take care for your money Forex Managed Accounts Current support levels 1.2365 1.2320 1.2300 Current resistance levels 1.2390 1.2420 1.2450

EURUSD rebound - Technical analysis and trading recommendation

EURUSD - H1 chart

After hitting the lower bond of its downtrend channel Eur/Usd rebounded rapidly.
It's still in consolidation phase and failed to break the downtrend channel, but I assume it will extend its gain up to 1.3715 and 1.31730 further. 

EURUSD - H1 chart

Trade recommendation
Buy ater correction  around 1.3650 or later if the upward pace is sustained Target levels: T1: 1.3715 T2: 1.3730 Current support levels 1.3628 1.3602 1.3585 Current resistance levels 1.3688 1.3715 1.3730

EURUSD - weekend review. Technical analysis and trading recommendation

EURUSD - Daily chart

EURUSD reached 1.3500 level, than it bounced up rapidly forming large bullish candle. This powerful sign has brought hope for further gains in upcoming days. In perspective - reaching 1.3810 level is very likely.

EURUSD - Daily chart

EURUSD - H4 chart

Looking at the H4 chart, Eur/Usd broke above consolidation area of 1.3515-1.3585. It continued well-paced movement until encountered a substantial resistance at 1.3730.  This level pushed down the rate around 1.3676, where the week was closed. This suggests that bulls may be resting for a while, so falling to 1.3650 is possible scenario. Then I expect bulls mood to be revealed again. So, the plan for now is to wait until correction is over (~1.3650 I suppose) and then open long position with 1.3695 and 1.3730 as targets.

EURUSD - H4 chart

Trade recommendation
Buy around 1.3650 area Target levels: T1: 1.3695 T2: 1.3730 Current support levels 1.3650 1.3625 1.3585 Current resistance levels 1.3695 1.3730 1.3785

EURUSD - trading recommendation. Technical analysis (H4)

EURUSD - H4 chart

The rate is still in the consolidation phase. As it's reached important resistance zone (1.3135 - 1.3155) coming hours will determine the further movement direction. The bullish mood looks pretty strong now, so breaking above the resistance (1.3155) is very likely. After that it should move to 1.3195 and 1.3235 later. If it fails, the triple top formation will be confirmed. It will force the rate to strong decline towards 1.3055.

EURUSD - H4 chart

Trade recommendation
Buy after closing above 1.3155 Target levels: T1: 1.3195 T2: 1.3235 Sell after closing below 1.3095 Target levels: T1: 1.3055 T2: - Current resistance levels 1.3155 1.3195 1.3235 Current support levels 1.3095 1.3055 1.3025

EURUSD - trading recommendation. Technical analysis (Daily, H4)

EURUSD - Daily chart

Strong decline within last three days has brought the rate to 1.3025 - 1.3055 support zone. Combined with oversold sentiment it can lead to upward correction. 

EURUSD - Daily chart

EURUSD - H4 chart

EURUSD was stopped at 1.3055 line. If it remains over this level  we can expect consolidation in 1.3055 - 1.3085 zone. Breaking over this consolidation will give the green light to 1.3135 line. 

EURUSD - H4 chart

Trade recommendation
Buy after closing above 1.3085 Target levels: T1: 1.3135 T2: - Sell after closing below - Target levels: T1: - T2: - Current support levels 1.3055 1.3025 1.3000 Current resistance levels 1.3085 1.3135 -

EURUSD - trading recommendation. Technical analysis (Weekly, Daily, H4)

EURUSD - Weekly chart

In the last 3 weeks the rate was growing up after a strong decline last month. It reached the downtrend line and was blocked at the level of 1.3345, which corresponds to the middle of a large bearish candle formed few weeks ago. Further upward movement is now blocked by the downtrend line and resistance at 1.3450. The nearest support is at the uptrend line and level of 1.3115.

EURUSD - Weekly chart

EURUSD - Daily chart

The rate maintained its course between the broken downtrend line (dashed line) and the newly plotted trend line (solid line).
It did not manage to brake over the current consolidation. Last candle was bullish, but a long upper shadow and lack of  breaking above the consolidation is not inviting for opening the long trades. Furthermore stronger upward movement is also blocked by the higher time-frame downtrend line and strong resistance around 1.3450 (weekly chart). The closest resistance is at 1.3355 and support at 1.3275.

EURUSD - Daily chart

EURUSD - H4 chart

The rate is consolidated in the range of 1.3275 - 1.3360.
Recently, a few candles with long upper and lower shadows have been formed. Rate bounced down from the upper consolidation limit, but stronger decrease was stopped at the moment.

If the rate will break the downtrend line it should fall to 1.3275. It is the closest support. Breaking it down will give the signal to the fall  to the level of 1.3245 and further to 1.3215. In the 1.3175-1.3215 zone we should expect some upward correction - here comes the support zone and the uptrend trend line of the higher time frame. In the upcoming week I expect breaking down and movement towards 1.3215 level.
Alternatively, if the rate remains bullish enough to break over the 1.3385 you should consider buying with the 1.3425 as the target.

Trade recommendation: Sell after closing below 1.3275 Take profit level: Target : 1.3215 Buy after closing above 1.3385 Take profit level: Target : 1.3425

EURUSD - trading recommendation

EURUSD rate reached the 1.29750 support, which has stopped the decline and led to bouncig up. The closest resistance to this movement is 1.3035. This level in conjunction with the downtrend line should stop further growth. However, if it is broken the next resistance is 1.3075. In the near future I expect consolidation in the 1.2975 - 1.3035 zone. Currently the rate seems to be too weak for some further upward movement. I expect it will sustain the bearish mood. The signal for further declines is breaking below 1.2950, and the next goal for this movement is 1.2905.

EURUSD - Daily chart

EURUSD - H4 chart

Trade recommendation: Sell after closing below 1.2950 Take profit levels: Target : 1.2905

EURUSD - trading recommendation

EURUSD rebounded from support at 1.2650. The rising mood should be sustained in the coming weeks.

EURUSD  - Weekly chart

Breaking  the downtrend line and 1.2890 resistance opened the way toward 1.3085. However, if  the rate drops again below 1.2890 we should expect a consolidation in the range of 1.2650 - 1.2890.

EURUSD  - Daily chart

After reaching the 1.2975-2995 resistance area EURUSD drops sharply stopping at the 1.2885-1.2905 support zone. Then it moved upward and stopped at 1.2950. Breaking up this level should open the way towards 1.2995 and 1.3075 further.

But if the rate breaks down the uptrend line and support of 1.2885 I would expect a further fall till 1.2835 and then 1.2800.

EURUSD  - H4 chart

Trade recommendation: Buy after closing above 1.2950  Take profit levels: Target 1: 1.2995 Target 2: 1.3075 Sell after closing below 1.2885 Take profit levels: Target 1: 1.2835 Target 2: 1.2800

EURUSD - trading recommendation

EURUSD rate is currently in the weekly support zone. Arriving at this zone forced the rate to bounce up. I predict some further growing in the nearest future.

EURUSD Weekly chart

At the lower time frame we can see that the rate reached the resistance level at 1.28015. I expect breaking up. Closing above this zone shall open the way up to 1.28900 target level. If the rate remains below 1.28015 we should expect some downward movement towards 1.27200.

EURUSD  H4 chart

Trade recommendation: Buy after closing above 1.28015 Target level: 1.28900

EURUSD 29.12.2012 - technical analysis and recommendation

EURUSD weekly 

EURUSD is moving in the downtrend channel. It hit the major support at 1.2870, which seems to be serious retracement level. Now we can expect it tp bounce up.

EURUSD daily

When we look at the daily chart we can see that the EURUSD is in the downtrend, now consolidating in the 1.2870 - 1.3085 zone. After hitting the major support at 1.2870 it has formed the long lower shadow candle with small body which suggest some direction change possibility. After crossing the downtrend line and closing above 1.3085 it should move up to 1.3375.

EURUSD H4

When we zoom in to 4-hours chart we can see more precisely the above description. Long lower shadows  which have appeared in few last candles and finally some bullish colored candles have formed. After closing above 1.2955 it is expected to grow up to 1.3025 where we should also meet the downtrend line resistance. Reaching this level should force some bounce back, so it would be good place to take profit and wait for another entry.

Trade recommendation: Buy after closing above 1.2955  Take profit levels: Target 1: 1.3025 Target 2: 1.3085