Posts Tagged ‘Pivot’

Technical Analysis Sep.1st

by Forex Rooton September 1, 2014 7:52 am BST
EURUSD The pair has finally arrived at 1.31 (2013 Sep low and weekly S1), a key to the last year’s low at 1.2750 (also monthly S3). As long as the former support is not broken, there will still be a considerable risk of an upward correction to 1.33 (2013 Q4 low). In the meantime, while […]

Technical Analysis Aug.28th

by Forex Rooton August 28, 2014 7:51 am BST
EURUSD Despite a plethora of ‘sell’ signals on the daily and weekly charts, the Euro is currently recovering, as the support at 1.3150, represented by the monthly S2, proved to be quite strong. Given the absence of any significant resistances nearby, the currency is now likely to move towards 1.33, where it is going to […]

Technical Analysis Aug.26th

by Forex Rooton August 26, 2014 7:15 am BST
EURUSD EURUSD stayed largely unchanged yesterday near 1.32, even though the currency pair opened this week with a large 40-pip downside gap and therefore is likely to close it before testing 1.31. However, the bullish correction should not extend beyond the resistance at 1.33 (2013 Q4 low and monthly S1). Instead the price is expected […]

Technical Analysis Aug.25th

by Forex Rooton August 25, 2014 8:06 am BST
EURUSD The U.S. Dollar strengthened relative to its counterparts over the weekend. Now EURUSD is only 100 pips away from one of its main targets at 1.31 (2013 Sep low), but the currency pair will have to breach the monthly S1 at 1.3150 first. Even though the weekly technical indicators are largely bearish right now, […]