Archive for November, 2014

Technical Analysis Nov.25th

by Forex Rooton November 25, 2014 7:19 am GMT
EURUSD As it turned out, the bears were not ready to break the defense at 1.2360 yesterday, and EURUSD went up by 60 pips as a result. However, the upside potential is limited—there is a down-trend at 1.2525. Accordingly, we may expect elevated volatility in the nearest future, when one of these levels is breached. […]

Technical Analysis Nov.24th

by Forex Rooton November 24, 2014 8:01 am GMT
EURUSD Since EURUSD confronted the falling resistance line last week and failed to violate it, the overall downward trend should remain intact. However, in order to confirm the long-term bearish intentions, the currency pair must push through the demand at 1.2360, represented by the monthly S1 and, even more importantly, this year’s minimum. Once this […]

Technical Analysis Nov.19th

by Forex Rooton November 19, 2014 6:40 am GMT
EURUSD The Euro managed to pare Monday’s losses yesterday after rebounding from the weekly S1 at 1.2428. Nevertheless, the near-term outlook remains bearish—the four-month down-trend is still intact. Even if it is breached, there are resistances at 1.264 and 1.274 that are highly unlikely to allow EURUSD to sustain a recovery for long. Only violation […]

Technical Analysis Nov.18th

by Forex Rooton November 18, 2014 7:04 am GMT
EURUSD Although EURUSD appeared to be in a good position to advance towards the monthly pivot point after finding the support at 1.2360 (monthly S1), the bears at 1.2580 forced the pair to retreat. Yesterday’s sell-off also showed the market started to respect a new downward-sloping resistance line that may be drawn through the highs […]