[B]Monday, September 2, 2013
Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: the downside prevails.
Pivot: 1.3225.
Our preference: SHORT positions below 1.3225 with 1.316 & 1.312 in sight.
Alternative scenario: The upside breakout of 1.3225 will open the way to 1.3255 & 1.328.
Comment: the pair is posting a rebound but stands below its resistance.
2 sep eurusd.bmp (781 KB)
[B]Tuesday, September 3, 2013
Everest Markets Daily EUR/USD Pair Review[/B]
Pivot: 1.3225.
Our preference: SHORT positions below 1.3225 with 1.316 & 1.312 in sight.
Alternative scenario: The upside penetration of 1.3225 will call for 1.3255 & 1.328.
Comment: the pair stands below its resistance and remains under pressure, the RSI stands below its neutrality area andis reversing down.
3 sep 2.bmp (798 KB)
[B]Wednesday, September 4, 2013
Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: capped by a negative trend line.
Pivot: 1.3180.
Our preference: SHORT positions below 1.318 with 1.314 & 1.312 as next targets.
Alternative scenario: The upside breakout of 1.318 will open the way to 1.32 & 1.3225.
Comment: the pair remains capped by a declining trend line, the RSI stands below its neutrality area.
4 sep eurusd.bmp (789 KB)
[B]Thursday, September 5, 2013
Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: under pressure.
Pivot: 1.3225.
Our preference: SHORT positions below 1.3225 with 1.3155 & 1.3135 as next targets.
Alternative scenario: The upside breakout of 1.3225 will open the way to 1.3255 & 1.3295.
Comment: the pair has broken below its support and remains under pressure.
[B]Monday, September 9, 2013
Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: the upside prevails.
Pivot: 1.3135.
Our preference: LONG positions @ 1.315 with 1.3195 & 1.3225 as next targets.
Alternative scenario: The downside penetration of 1.3135 will call for 1.3105 & 1.3085.
Comment: the pair stands above its new support and remains on the upside.
9 sep 2.bmp (793 KB)
[B]Tuesday, September 10, 2013
Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: the upside prevails.
Pivot: 1.3215.
Our preference: LONG positions above 1.3215 with targets @ 1.329 & 1.3315.
Alternative scenario: The downside penetration of 1.3215 will call for 1.319 & 1.3155.
Comment: the pair has broken above its resistance and remains on the upside.
10 sep eurusd.bmp (784 KB)
[B]Wednesday, September 11, 2013
Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: the upside prevails.
Pivot: 1.3215.
Our preference: LONG positions above 1.3215 with 1.329 & 1.3315 as next targets.
Alternative scenario: The downside breakout of 1.3215 will open the way to 1.319 & 1.3155.
Comment: the pair is facing a pull back on its support ahead of further advance.
11 sep eurusd.bmp (800 KB)
[B]Thursday, September 12, 2013
Everest Markets Daily EUR/USD Pair Review
[/B]
EUR/USD intraday: the upside prevails.
Pivot: 1.3270.
Our preference: LONG positions above 1.327 with 1.333 & 1.336 in sight.
Alternative scenario: The downside breakout of 1.327 will open the way to 1.323 & 1.319.
Comment: the pair remains on the upside and is challenging its resistance.
12 sep eurusd.bmp (819 KB)
[B]Monday, September 16, 2013
Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: further advance.
Pivot: 1.3310.
Our preference: LONG positions above 1.331 with targets @ 1.339 & 1.341.
Alternative scenario: The downside penetration of 1.331 will call for 1.325 & 1.322.
Comment: the pair stands above its new support and remains on the upside.
16 sep eur usd.bmp (803 KB)
[B]Tuesday, September 17, 2013
Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: bullish bias above 1.331
Pivot: 1.3310.
Our preference: LONG positions @ 1.3325 with 1.3355 & 1.339 in sight.
Alternative scenario: The downside breakout of 1.331 will open the way to 1.328 & 1.325.
Comment: the pair stands above its new support and should post a rebound.
17 sep eurusd.bmp (798 KB)
[B]Thursday, September 19, 2013
Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: the upside prevails.
Pivot: 1.3450.
Our preference: LONG positions above 1.345 with 1.355 & 1.358 as next targets.
Alternative scenario: The downside penetration of 1.345 will call for 1.34 & 1.336.
Comment: the pair stands above its new support and remains on the upside.
19 sep 1.bmp (795 KB)
[B]Friday, September 20, 2013
Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: the upside prevails.
Pivot: 1.3495.
Our preference: LONG positions above 1.3495 with 1.358 & 1.3615 in sight.
Alternative scenario: The downside penetration of 1.3495 will call for a slide towards 1.345 & 1.34.
Comment: the pair stands above its new support and remains on the upside.
20 sep eurusd 2.bmp (810 KB)
20 sep eurusd.bmp (798 KB)
[B]Wednesday, September 25, 2013
Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: the downside prevails.
Pivot: 1.3520.
Our preference: SHORT positions below 1.352 with 1.345 & 1.3425 in sight.
Alternative scenario: The upside penetration of 1.352 will call for a rebound towards 1.355 & 1.358.
Comment: the pair remains under pressure and is challenging its support.
25 sep eurusd.bmp (809 KB)
[B]Thursday, September 26, 2013
Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: bullish bias above 1.349
Pivot: 1.3490.
Our preference: LONG positions above 1.349 with targets @ 1.355 & 1.357.
Alternative scenario: The downside penetration of 1.349 will call for 1.3455 & 1.3425.
Comment: the pair stands above its new support and remains on the upside.
26 sep eud.bmp (802 KB)
[B]Friday, September 27, 2013
Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: under pressure.
Pivot: 1.3510.
Our preference: SHORT positions below 1.351 with 1.3455 & 1.3425 in sight.
Alternative scenario: The upside breakout of 1.351 will open the way to 1.355 & 1.357.
Comment: the pair is rebounding but stands below its resistance.
27 sep eurusd.bmp (784 KB)
[B]Wednesday, October 2, 2013[/B]
[B]US Dollar[/B] was mixed against most of its major counterparts on Tuesday. On the US economic data front, ISM Manufacturing rose to 56.2 (55.0 expected) in September from 52.8 the previous month.
[B]The Euro[/B] was mixed against its major counterparts. Euro zone PMI manufacturing was 51.1 in September in final estimation, as in prior one. In Germany, PMI manufacturing retreated to 51.1 in September in final estimation vs 51.3 in prior one. Separately, unemployment was up by 25K in September after a 9K increase in August. Economists expected a 5K drop. Unemployment rate rose to 6.9% vs 6.8% the month before.
[B]Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: the downside prevails.
Pivot: 1.3535.
Our preference: SHORT positions below 1.3535 with targets @ 1.349 & 1.347.
Alternative scenario: The upside breakout of 1.3535 will open the way to 1.356 & 1.3585.
Comment: the pair has broken below a rising trend line and remains under pressure.
2 oct eurusd.bmp (798 KB)
[B]Thursday, October 3, 2013
Everest Markets Daily Forex Comment[/B]
[B]US Dollar[/B] was under pressure against most of its major counterparts on Wednesday. On the US economic data front, MBA Mortgage Applications for the week ended September 27th fell 0.4%. Companies added 166K workers (180K expected) in September after a downwardly revised 159K gain the previous month.
[B]The Euro[/B] was firm against its major counterparts. ECB’s Governing Council left its main refinancing rate at 0.5 percent. Mario Draghi said that ECB rates will stay low for an extended period of time.
[B]EUR/USD Pair Review[/B]
[B]EUR/USD intraday:[/B] the bias remains bullish.
[B]Pivot:[/B] 1.3560.
[B]Our preference:[/B] LONG positions @ 1.3575 with 1.364 & 1.367 as next targets.
[B]Alternative scenario:[/B] The downside penetration of 1.356 will call for a slide towards 1.354 & 1.3505.
[B]
Comment:[/B] the pair stands above its new support and remains on the upside.
3 oct eurusd.bmp (798 KB)
[B]Friday, October 4,2013
Everest Markets Daily EUR/USD Pair Review[/B]
EUR/USD intraday: further upside.
Pivot: 1.3570.
Our preference: LONG positions above 1.357 with targets @ 1.3645 & 1.367.
Alternative scenario: The downside penetration of 1.357 will call for a slide towards 1.354 & 1.3505.
Comment: the pair stands above its new support and remains on the upside.
4 oct eurusd.bmp (814 KB)
[B]Wednesday, October 9, 2013
Everest Markets EUR/USD Pair Review[/B]
EUR/USD intraday: intraday support around 1.3555
Pivot: 1.3555.
Our preference: LONG positions above 1.3555 with 1.3605 & 1.363 in sight.
Alternative scenario: The downside penetration of 1.3555 will call for 1.3535 & 1.3505.
Comment: the pair is facing a pull back on its support ahead of a rebound.
9 oct eurusd.bmp (827 KB)
[B]Thursday, October 10, 2013
Everest Markets Daily Forex Comment[/B]
[B]US Dollar [/B]rose against most of its major counterparts on Wednesday. On the US economic data front, no major data was released due to partial shutdown. Minutes from September 17-18 FOMC meeting suggest that most Federal Reserve policy makers are on track for QE tapering later this year, halting mid-2014.
[B]The British Pound[/B] dropped against its major counterparts. UK industrial production fell by 1.1% in August, the most since September 2012, after a 0.1% increase the month before. Consensus was +0.4%.
[B]Everest Markets Daily EUR/USD Pair Review
[/B]
EUR/USD intraday: the downside prevails.
Pivot: 1.3530.
Our preference: SHORT positions below 1.353 with 1.347 & 1.3455 in sight.
Alternative scenario: The upside penetration of 1.353 will call for 1.3555 & 1.3585.
Comment: the pair stands below its resistance and remains under pressure.
10 oct eurusd.bmp (816 KB)