[B]DAILY EUR/USD OUTLOOK[/B] - 1.3325
12 Aug 2013 [I]07:05GMT [/I]
Despite extending upmove fm Jul’s low at 1.2755
to a 7-week high of 1.3401 Thur, euro’s weakness to
1.3315 (NZ) today signals a temporary top is made n
downside bias remains for a minor retracement to
1.3285, reckon sup 1.3266 wud hold n bring rebound.
Sell on recovery n only abv key res at 1.3417
wud extend MT rise fm 1.2745 (Apr) to 1.3445.
[B]STRATEGY[/B] : Sell at 1.3360
[B]OBJECTIVE[/B] : 1.3285
[B]STOP-LOSS[/B] : 1.3403
[B]RES[/B] : 1.3401/1.3417/1.3445
[B]SUP[/B] : 1.3315/1.3291/1.3266
[B]DAILY EUR/USD OUTLOOK - 1.3203[/B]
01 Sep 2013 [I]23:14GMT[/I]
Despite euro’s brief retreat to 1.3193 in Asian
morning, subsequent rebound suggests the pullback
fm Fri’s NY res at 1.3224 has possibly ended n
consolidation abv Fri’s low at 1.3173 wud continue
with upside bias for gain to 1.3230 n 1.3255.
For st trade, hold long with stop as indicated,
break wud abrt n risk weakness to 1.3173.
[B]STRATEGY[/B] : Sell at 1.3240
[B]OBJECTIVE [/B]: 1.3160
[B]STOP-LOSS[/B] : 1.3280
[B]RES[/B] : 1.3224/1.3255/1.3299
[B]SUP[/B] : 1.3173/1.3154/1.3128
[B]DAILY EUR/USD OUTLOOK - 1.3131[/B]
[B]06 Sep 2013 [I]02:13GMT[/I][/B]
Despite y’day’s selloff to a fresh 6-week low at
1.3110 (NY), intra-day rebound suggests initial con
solidation wud be seen b4 decline fm Aug’s peak at
1.3453 resumes twd 1.306, ‘loss of momentum’ shud
keep price abv 1.3015 n yield correction later.
Exit prev. short n sell again on further recovery
as only abv 1.3173 may risk retrace. twd 1.3223/27.
[B]STRATEGY :[/B] Exit short n sell at 1.3150
[B]POSITION : [/B]Short at 1.3180
[B]OBJECTIVE :[/B] 1.3070
[B]STOP-LOSS :[/B] 1.3190
[B]RES :[/B] 1.3173/1.3223/1.3255
[B]SUP :[/B] 1.3110/1.3066/1.3015
DAILY TECHNICAL OUTLOOK ON EUR/USD
17 Sep 2013 04:01GMT
Trend Daily Chart
Sideways
Daily Indicators
Neutral
21 HR EMA
1.3341
55 HR EMA
1.3328
Trend Hourly Chart
Sideways
Hourly Indicators
Turning down
13 HR RSI
47
14 HR DMI
0
Daily Analysis
Consolidation b4 upmove resumes
Resistance
1.3453 - Aug 20 high
1.3410 - Aug 23 high
1.3385 - Y’day’s high
Support
1.3325 - Sep 11 high
1.3298 - Y’day’s low
1.3254 - Last Fri’s low
. EUR/USD - 1.3335 … The single currency jumped to 1.3382 in NZ after WSJ reported that former U.S. Treasury Secretary Lawrence Summers withdrew his nomination for Chairman of the Federal Reserve, euro retreated briefly to 1.3340 b4 rising to 1.3385 but only to fall to 1.3330 near NY close.
. Looking at the hourly & daily charts, although euro’s retreat fm y’day’s
2-week high at 1.3385 suggests 1-2 days of consolidation wud be seen with initial downside bias, as early rally fm this month’s low at 1.3105 signals the
correction fm Aug’s 6-month high at 1.3453 has ended there, reckon pullback wud be ltd n as long as 1.3298 sup holds, bullishness remains for aforesaid upmove to resume n extend marginal gain twds 1.3410, however, as ‘bearish divergences’ wud appear on hourly oscillators on such move, suggesting key daily res at 1.3453 shud hold on 1st testing n yield retreat later.
. Today, buying euro on dips is still favoured in expectation of such rise. On the downside, only a breach of 1.3254 sup (last Fri’s low) wud signal top is made n further ‘gyration’ inside 1.3105-1.3453 wud be seen with downside bias.
[B]DAILY EUR/USD OUTLOOK - 1.3547
19 Sep 2013[/B] [I]08:06GMT[/I]
Y’day’s rally abv 1.3453 (now sup) to as high as 1.3543 confirms erratic upmove fm Apr’s low at 1.27
45 has resumed n further gain to 1.3580 is likely, however, o/bot condition shud cap price at 1.3620 n
yield a much-needed correction later.
Hold long with stop as indicated n only below 1.3453 wud risk stronger pullback to 1.3417.
[B]STRATEGY :[/B] Hold long
[B]POSITION :[/B] Long at 1.3510
[B]OBJECTIVE :[/B] 1.3580
[B]STOP-LOSS :[/B] 1.3500
[B]RES :[/B] 1.3543/1.3580/1.3620
[B]SUP :[/B] 1.3492/1.3453/1.3417
[B] DAILY MARKET OUTLOOK : EUR/USD - 1.3625
04 Oct 2013[/B] [I]00:53 GMT[/I]
Yesterday’s rise to a fresh near 8-month high at 1.3646 suggests medium term rise from April’s low at 1.2745 would extend towards 1.3657/60 after initial consolidation, however, near term loss of momentum would prevent strong rise above there and reckon resistance at 1.3711 would limit upside and bring a much-needed correction later.
On the downside, only below 1.3577 would indicate a temporary top has been made and risk would shift to the downside for a retracement to 1.3505.
[B]DAILY MARKET OUTLOOK on EUR/USD - 1.3565
07 Oct 2013[/B] [I]00:38 GMT[/I]
Euro’s strong retreat from last Wednesday’s near 8-month high at 1.3646 to 1.3538 on Friday suggests medium-term uptrend has made a temporary top over there and consolidation with downside bias would be seen for a stronger retracement to 1.3505 but good support at 1.3462 would remain intact and yield rebound later.
On the upside, only above 1.3607 would indicate aforesaid pullback has ended and yield re-test of said high, break extends rise to 1.3679/80.
[B]DAILY MARKET OUTLOOK EUR/USD - 1.3565
08 Oct 2013[/B] [I]06:58 GMT[/I]
Although y’day’s rebound fm 1.3543 to 1.3585 sug
gests euro’s ‘choppy’ trading abv last Fri’s low at
1.3538 wud continue, as long as 1.3607 res holds,
corrective fall fm last Thur’s 8-mth peak at 1.3646
wud extend to 1.3500 but 1.3462 shud remain intact.
Hold short for this move with stop abv 1.3607,
break may risk re-test of 1.3646, then 1.3660.
[B]STRATEGY :[/B] Hold short
[B]POSITION :[/B] Short at 1.3580
[B]OBJECTIVE :[/B] 1.3500
[B]STOP-LOSS :[/B] 1.3610
[B]RES :[/B] 1.3591/1.3607/1.3646
[B]SUP :[/B] 1.3538/1.3505/1.3462
DAILY TECHNICAL OUTLOOK ON EUR/USD
30 Oct 2013 00:16GMT
Trend Daily Chart : Up
Daily Indicators : Overbought
21 HR EMA : 1.3758
55 HR EMA : 1.3774
Trend Hourly Chart :Near term down
Hourly Indicators : Oversold
13 HR RSI : 36
14 HR DMI : -ve
Daily Analysis : Consolidation with downside bias
Resistance
1.3883 - 100% proj. of 1.3472-1.3704 fm 1.3651
1.3833 - Last Fri’s near 2-year high
1.3813 - Y’day’s high
Support
1.3736 - Y’day’s low
1.3711 - Feb 01 high
1.3651 - Oct 21 low
. EUR/USD - 1.3735 … The single currency ratcheted lower in Asia n Europe y’day n price weakened to 1.3754 near NY open b4 rebounding swiftly but sharply to 1.3813 in NY morning after euro-positive comments fm ECB’s Nowotny, then fall to session low at 1.3736 b4 trading sideways.
. Y’day’s firm break of previous 1.3741 sup to 1.3736 suggests MT upmove fm 1.2042 (2012 trough) has possibly made a temporary top at 1.3833 (exactly 61.8% r of 1.4940-1.2042) last Fri n as price is currently trading below 21-hr n 55-hr emas (now at 1.3758 n 1.3774 respectively), suggesting as long as res at 1.3813 (y’day’s high) holds, consolidation with downside bias remains for weakness to 1.3704/11 (Oct 18 high n Feb high resp.), however, low readings on the hourly oscillators shud keep price abv 1.3651/53 (being Oct 21 low n 50% r of intermediate rise fm 1.3472-1.3833 resp.).
. Today, selling on intra-day recovery in anticipation of a stronger cor-
rection to 1.3695 is favoured. Only abv 1.3833 wud confirm MT uptrend has once again resumed n extend twd 1.3883 (100% proj. of 1.3472-1.3704 fm 1.3651).
