Support 1: 1.0694
Support 2: 1.0650
Resistance 1: 1.0801
Resistance 2: 1.0864
Market should not go lower than 1.0725 - 1.0694. After this move down it should go up to 1.0779 - 1.0801 area.
[B][U]Forecast EUR/USD for Friday 22 April 2015[/U][/B]
Support 1: 1.0670
Support 2: 1.0604
Resistance 1: 1.0791
Resistance 2: 1.0846
It should test 1.0765 area after which a sell off down to 1.0670 or extended to 1.0604 area is expected.
[B][U]Forecast EUR/USD for Friday 23 April 2015[/U][/B]
Support 1: 1.0689
Support 2: 1.0653
Resistance 1: 1.0781
Resistance 2: 1.0837
It looks more likely that it would rise to 1.0781 - 1.0837 from 1.0717 or 1.0689. After which a downside move is expected.
[B][U]Forecast EUR/USD for Friday 27 April 2015[/U][/B]
Support 1: 1.0801
Support 2: 1.0735
Resistance 1: 1.0917
Resistance 2: 1.0966
While below 1.0884 - 1.0917 it is more likely to fall further towards 1.0826 or 1.0801. Premature rise above 1.0917 could see it rising above 1.0966 zone.
[B][U]Forecast EUR/USD for Friday 28 April 2015[/U][/B]
Support 1: 1.0832
Support 2: 1.0772
Resistance 1: 1.0939
Resistance 2: 1.0986
Currently uptrend should end around 1.0916 - 1.0939 area. A correction down to below 1.0832 is expected. A rise above 1.0986 will abort the expected correction.
[B][U]Forecast EUR/USD for Friday 29 April 2015[/U][/B]
Support 1: 1.0897
Support 2: 1.0813
Resistance 1: 1.1028
Resistance 2: 1.1075
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1005 or 1.1028 if support around 1.0944 hold. After which a pullback to 1.0944 - 1.0921 zone is possible.
[B][U]Forecast EUR/USD for Friday 30 April 2015[/U][/B]
Support 1: 1.0996
Support 2: 1.0864
Resistance 1: 1.1224
Resistance 2: 1.1320
Strength can extend to 1.1158 or 1.1224 as declines are expected to find support at 1.1044 or 1.0996. A fall below 1.0864 could turn it bearish.
[B][U]Forecast EUR/USD for Friday 5 May 2015[/U][/B]
Support 1: 1.1105
Support 2: 1.1063
Resistance 1: 1.1206
Resistance 2: 1.1266
It should register further gains to 1.1206 while 1.1105 - 1.1063 caps downside attempts.
[B][U]Forecast EUR/USD for Friday 8 May 2015[/U][/B]
Support 1: 1.1205
Support 2: 1.1144
Resistance 1: 1.1360
Resistance 2: 1.1453
There are initial signs of a good corrective recovery towards 1.1329 or even 1.1360. Supports at 1.1252 and 1.1205 zone.
[B][U]Forecast EUR/USD for Friday 12 May 2015[/U][/B]
Support 1: 1.1122
Support 2: 1.1090
Resistance 1: 1.1196
Resistance 2: 1.1238
It may meet resistance in 1.1155 - 1.1164 zone for a drift down to 1.1122 zone, after which bounce to 1.1196 is anticipated.
[B][U]Forecast EUR/USD for Friday 13 May 2015[/U][/B]
Support 1: 1.1139
Support 2: 1.1064
Resistance 1: 1.1284
Resistance 2: 1.1354
Current upmove should be ended around 1.1246 - 1.1284. Any correction consolidation should find support in 1.1174 - 1.1139 zone.
[B][U]Forecast EUR/USD for Friday 14 May 2015[/U][/B]
Support 1: 1.1244
Support 2: 1.1133
Resistance 1: 1.1424
Resistance 2: 1.1493
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1457 or 1.1424 if support around 1.1313 hold. After which a pullback to 1.1313 - 1.1278 zone is possible.
H1: On Friday morning the candle dynamics started becoming bearish but the 1.1313 daily zone and the 38.2% retrace of the 1.11309 (11/05/2015 low) and 1.14447 (14/05/2015 high) rise did not allowed EUR/USD to go down. It bounced upwards after a small doji then it broke the top of 14/05/2015 at 1.14447.
Rise: As the 100% retrace of the 1.11309 (11/05/2015 low) and 1.14447 (14/05/2015 high) rise is broken, EUR/USD may continue rising. The take profit level is 161.8% and 200% of the Fibonacci Retracement level of the 1.14338 – 1.13334 fall (14/05/2015 top / 15/05/2015 low).
Fall: If bears can push down the cross from here, it may fall until the next daily level 1.1313. After breaking the subtend line it is possible to fall until the main trend line.
H1: First the bearish candle dynamic grew yesterday then in the evening it slowed down. The cross reached the 50% retrace of the 1.11309 (11/05/2015 low) and 1.14665 (15/05/2015 high) rise and now it rests there. Here can we see the 1.132 daily zone too which caught EUR/USD.
Rise: If the candle dynamic grows in the direction of the uptrend, EUR/USD may start rising in the longer term. The take profit level is 161.8% and 200% of the Fibonacci Retracement level of the 1.14642 – 1.12941 fall (15/05/2015 top - 19/05/2015 bottom).
Fall: If bears can push down the cross from here, it may fall until the next daily level 1.1135 where the last local bottom (11/05/2015) is. However, I would be careful due to the bullish direction and the 61.8% retrace of 1.11309 (11/05/2015 low) and 1.14665 (15/05/2015 high). After breaking this 61.8% retrace it is possible to fall until the main trend line too.
H1: EUR/USD has fallen until the next daily level at 1.1135. In this time frame the last local bottom (15/05/2015) was broken by a significant candle on 18/05/2015. Then the cross has broken the 61.8% retrace of the 1.11309 (11/05/2015 low) and 1.14665 (15/05/2015 high) rise with a large-bodied candle and now it rests on the next daily level (1.114). If a correction happens and EUR/USD bounces from there, the main trend could change on H1.
Rise: As the local bottom was broken but the cross is above the main trend line, the main trend is not unequivocal on H1. Temporarily I expect rising until the 38.2%, 50% and 61.8% retrace of 15/04/2015 high (1.14665) and 19/05/2015 low (1.11188). If the 61.8% retrace breaks EUR/USD may continue rising.
Fall: After breaking the daily level 1.1135 it is possible to fall until the next weekly level at 1.097. However, I would be careful due to the main trend line where the cross may bounce upwards. If EUR/USD starts a correction first, I would draw a new target Fibonacci Retracement as initial take profit.
H1: Yesterday a large-bodied candle broke the daily level 1.114 but the main trend line was strong enough to stop the cross. It turned up but it could not break the daily zone 1.114 so it bounced down. EUR/USD played this a few times jammed in between these levels.
Rise: The main direction is not unequivocal on H1 as the local bottom was broken but the cross is above the main trend line. Temporarily I expect rising until the 38.2%, 50% and 61.8% retrace of 15/04/2015 high (1.14665) and 20/05/2015 low (1.10623). If the 61.8% retrace breaks EUR/USD may continue rising.
Fall: After breaking the main trend line it is possible to fall until the next weekly level at 1.097. If EUR/USD starts a correction first, I would draw a new target Fibonacci Retracement as initial take profit.
[B][U]Forecast EUR/USD for Friday 21 May 2015[/U][/B]
Support 1: 1.1053
Support 2: 1.1013
Resistance 1: 1.1143
Resistance 2: 1.1193
It may meet resistance in 1.1093 - 1.1103 zone for a drift down to 1.1053 zone, after which bounce to 1.1143 is anticipated.
H1: Small bottoms are increasing regularly. If EUR/USD breaks the top of 21/05/2015 (1.11644) it may go upwards until the correction levels.
Rise: Take care what direction you choose for entries today because the main direction is not unequivocal on H1. Temporarily I expect rising until the 38.2%, 50% and 61.8% retrace of 15/04/2015 high (1.14665) and 20/05/2015 low (1.10623). If the 61.8% retrace breaks EUR/USD may continue rising.
Fall: If the cross bounces down from here and breaks the main trend line it is possible to fall until the next weekly level at 1.097. If EUR/USD starts a correction first, I would draw a new target Fibonacci Retracement as initial take profit.
[B][U]Forecast EUR/USD for Friday 22 May 2015[/U][/B]
Support 1: 1.1067
Support 2: 1.1022
Resistance 1: 1.1169
Resistance 2: 1.1227
While above 1.1096 - 1.1067 zone a corrective dip could test 1.1125 or 1.1169.
H1: Local tops and bottoms are decreasing on this time frame too, so the trend is the same as on H4. EUR/USD has bounced from 38.2% retrace with a shooting star then the dynamic strengthened and the cross nearly touched the weekly zone 1.097.
Rise: EUR/USD fell until the 161.8% retrace of 20/05/2015 bottom (1.10803) and 22/05/2015 low (1.11924). It can happen that the cross goes upwards until the 38.2%, 50% or 61.8% retrace of 22/04/2015 high (1.12083) and 22/05/2015 low (1.1002).
Fall: If EUR/USD continues falling without a correction then initial target price is the weekly zone 1.097 where the 200% retrace is. Further take profit level is the weekly level at 1.0764.
