Posts Tagged ‘USDCHF’

Technical Analysis Dec.8th

by Forex Rooton December 8, 2014 7:25 am BST
EURUSD EURUSD currency pair has just approached the recently-set 2014 low at 1.2271. It is likely that bears will try to test this level on Monday. If successful, the pair may decline down to monthly S2 in the short-term, which is also reinforced by weekly S1 at 1.22. In case of failure, we would assume […]

Technical Analysis Dec.2nd

by Forex Rooton December 2, 2014 7:50 am BST
EURUSD EURUSD is still trading in a narrow range, which is partly explained by the long-term triangle pattern. On Monday, the Euro continued hovering around the down-trend around 1.2450, which is strengthened by monthly pivot point and 20-day SMA. Therefore, we expect the Euro to lose value on Tuesday and cross the weekly pivot point […]

Technical Analysis Nov.25th

by Forex Rooton November 25, 2014 7:19 am BST
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 BST
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 […]