Posts Tagged ‘Fibonacci’

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, […]

Technical Analysis Aug.21st

by Forex Rooton August 21, 2014 7:01 am BST
EURUSD Despite toughness of the demand area around 1.33 and ‘buy’ signals on the monthly chart, the bears continued to push the price lower. The currency pair has already closed beneath the 2013 Q4 low and monthly S1, meaning the downward momentum is likely to persist in the coming weeks. The next significant support level […]

Technical Analysis Aug.20th

by Forex Rooton August 20, 2014 8:47 am BST
EURUSD EURUSD, as suggested by the near-term technical indicators, has finally broken 1.3350 to the downside, which allowed it to re-test the 2013 Q4 low at 1.33. Although this support is reinforced by the monthly S1 and the monthly studies lean to the bullish side, the bias will remain negative presumably until the 2013 September […]