H1: Yesterday the cross reached the 200% retrace of 1.10803 (20/05/2015 bottom) and 1.11924 (22/05/2015 low) rise then it continued to fall. In this time frame the dynamic have increased downwards.
Rise: It can happen that the cross goes upwards until the 38.2%, 50% or 61.8% retrace of 1.12083 (22/04/2015 high) and 1.0931 (26/05/2015 low) fall. If the 61.8% retrace breaks with a significant candle rising may continue until the daily level 1.1135.
Fall: If EUR/USD continues falling without a correction then initial target price is the daily zone 1.0835. Further take profit level is the weekly level at 1.0764.
H1: EUR/USD continued to fall yesterday and it rests between the 261.8% and 300% retrace of 1.10803 (20/05/2015 bottom) and 1.11924 (22/05/2015 low) rise.
Rise: If the cross starts a correction it may increase until the 38.2%, 50% or 61.8% retrace of 1.12083 (22/04/2015 high) and 1.08633 (26/05/2015 low) fall. If the 61.8% retrace breaks with a significant candle rising may continue until the daily level 1.1135.
Fall: If EUR/USD continues falling without a correction then initial target price is the weekly level at 1.0764. In case of a rise take profit may be the value of 161.8% on the Fibonacci Retracement which is drawn on the prospective correction.
H1: After a small consolidation EUR/USD collected the 300% retrace of 1.10803 (20/05/2015 bottom) and 1.11924 (22/05/2015 low) rise then it bounced up until the 23.6% retrace of 1.12083 (22/04/2015 high) and 1.08633 (26/05/2015 low) fall. The small tops and bottoms are decreasing and the dynamics are balanced.
Rise: If the cross continues to move upwards it may increase until the 38.2%, 50% or 61.8% retrace of 1.12083 (22/04/2015 high) and 1.08633 (26/05/2015 low) fall. If the 61.8% retrace breaks with a significant candle rising may continue until the daily level 1.1135.
Fall: If EUR/USD continues falling without a correction then initial target price is the weekly level at 1.0764. In case of a rise take profit may be the value of 161.8% on the Fibonacci Retracement which is drawn on the prospective correction.
H1: EUR/USD moved above the main trend line and it reached the 38.2%% retrace of 1.12083 (22/04/2015 high) and 1.08191 (27/05/2015 low) fall. In this time frame I see that the dynamics and tops/bottoms started to increase too. Rise may continue today.
Long: If the cross continues to move upwards it may reach the 50% or 61.8% retrace of 1.12083 (22/04/2015 high) and 1.08191 (27/05/2015 low) fall. If the 61.8% retrace breaks with a significant candle rising may continue until the daily level 1.1135.
Fall: If EUR/USD turns down from 1.097 then initial target price is the daily level at 1.0835 and the weekly level at 1.0764. In case of a correction take profit may be the value of 161.8% on the Fibonacci Retracement which is drawn on the prospective correction.
H1: EUR/USD almost touched the 50% retrace of 1.12083 (22/05/2015 high) and 1.08191 (27/05/2015 low) fall. On Friday bullish and bearish candles have ranged between two Fibonacci Retracement levels (38.2%-50%).
Rise: If the cross continues to move upwards it may reach the 61.8% retrace of 1.12083 (22/04/2015 high) and 1.08191 (27/05/2015 low) fall. If the 61.8% retrace breaks with a significant candle rising may continue until the daily level 1.1135.
Fall: If EUR/USD turns down from the 50% retrace then initial target price is the daily level at 1.0835 then the weekly level at 1.0764. In case of a correction take profit may be the value of 161.8% on the Fibonacci Retracement which is drawn on the prospective correction.
H1: Small tops and bottoms started to decrease yesterday and the bearish dynamics strengthened. It tested back the weekly zone of 1.097 then it turned down with a marubozu but it could not break the former bottom. The pair is flat so at the moment it is not trade-able. I am watching for strong dynamics.
Rise: If the cross continues to move upwards it may reach the 61.8% retrace of 1.12083 (22/04/2015 high) and 1.08191 (27/05/2015 low) fall. If the 61.8% retrace breaks with a significant candle rising may continue until the daily level 1.1135.
Fall: If EUR/USD turns down from here then initial target price is the 161.8% retrace of 1.08312 (27/05/2015 bottom) and 1.09942 (29/05/2015 top) rise. 200% retrace closely overlaps the daily level of 1.065.
H1: The cross has moved upwards and it reached the 61.8% retrace of 1.12083 (22/04/2015 high) and 1.08191 (27/05/2015 low) fall. After that is broke the 61.8% retrace with a significant candle and rising continued until the daily level 1.1135.
Rise: If EUR/USD continues rising without a correction then initial target price is the next daily level at 1.132. On the other hand I expect correction until the 38.2%, 50% or 61.8% retraces of 1.08872 (01/06/2015 low) and 1.11934 (02/05062015 high) rise.
Fall: If EUR/USD turns down from this daily level (1.11350) then initial target price is the above mentioned correction levels.
H1: EUR/USD started a correction first yesterday and it touched the 38.2% retrace of 1.08872 (01/06/2015 low) and 1.11934 (02/06/2015 high) rise with a doji with long wick below. This signal resulted in rising and the pair came near the daily level of 1.132.
Rise: If EUR/USD continues rising without a correction then initial target price is the next daily level at 1.132. Further take profit level is 1.146. On the other hand I expect correction until the 38.2%, 50% or 61.8% retraces of 1.10796 (03/06/2015 low) and 1.12851 (03/05062015 high) rise.
Fall: If EUR/USD turns down from here then initial target price is the above mentioned correction levels.
H1: EUR/USD did not do a correction yesterday. It only tested back the 23.6% retrace of 1.10796 (03/06/2015 low) and 1.12851 (03/05062015 high) rise which is only a consolidation then it continued to move upwards. It broke the daily level of 1.132 with a large-bodied candle but it has a long wick above too. It could not stay above 1.132 for long and turned down and it reached the 61.8% retrace of 1.10796 (03/06/2015 low) and 1.13798 (04/05062015 high) rise.
Rise: If EUR/USD turns up from the level of 61.8% retrace then initial target price is the daily level at 1.146 which overlaps the 161.8% retrace of 1.13587 (04/06/2015 top) and 1.12029 (04/06/2015 high) fall. Next take profit level is the 200% retrace.
Fall: If EUR/USD breaks the 61.8% retrace of 1.10796 (03/06/2015 low) and 1.13798 (04/05062015 high) rise with a large-bodied candle then take profit levels are the daily zone of 1.113 and 1.097.
H1: EUR/USD could not break the 50% retrace of 04/06/2015 high-low and it turned down. It broke the daily level of 1.113 with a significant candle. On this time frame EUR/USD may continue falling because the subtrend is bearish.
Rise: As the pair rests on the H4 50% retrace it may turn upwards. Initial target price is the 161.8% retrace of 1.1275 (05/06/2015 top) and 1.10681 (05/06/2015 high) fall. Next take profit level is the 200% retrace.
Fall: As the trend bullish on this time frame, EUR/USD may continue falling till the the H4 61.8% retrace but it can easily touch the main trend line and the weekly level of 1.097. If the pair breaks these support levels, target price is the daily level of 1.0835.
Forex News from New Forex: Technical analysis EUR/USD
After hitting a high at 1.1279 on Friday the European currency lost ground against the dollar a bit and edged down to 1.1049 forming a clear-cut bearish candle which appeared due to the statistic data from the USA. It might be assumed that the further market movement will keep its bearish sentiment up to support at 1.0886 and then in case of passing it move to 1.0815. Long positions seem quite risky until the price goes beyond the resistance borders above 1.1378.
H1: EUR/USD turned upwards from the H4 50% retrace of 27/05/2015 low and 04/06/2015 high and it reached the 100% retrace. This time frame became bullish as well.
Rise: If the pair continues rising initial target price is the 161.8% retrace of 1.1275 (05/06/2015 top) and 1.10681 (05/06/2015 high) fall. Next take profit level is the 200% retrace.
Fall: EUR/USD may turn down if the daily level of 1.132 proves to be strong. Take profit levels are 1.113 and 1.097 but the main trend line may stop the fall.
H1: EUR/USD could not break the top of 04/06/2015 and it started to turn down with strong dynamics from 1.132. Then bulls pushed up the price but it could not go through this technical level.
Rise: If the pair continues rising initial target price is the 161.8% retrace of 1.1275 (05/06/2015 top) and 1.10681 (05/06/2015 high) fall. Next take profit level is the 200% retrace.
Fall: EUR/USD may turn down if the daily level of 1.132 proves to be strong. Take profit levels are 1.113 and 1.097 but the main trend line may stop the fall.
[B]Forex News from New Forex: Technical analysis EURUSD[/B]
Today in the morning the pair keeps an upward trend with a slightly bullish sentiment according to the Moving Average. The nearest levels of support-resistance are at 1.1180 and 1.1315, respectively. In case of the breach of the current resistance level the further aim is 1.1346 and there might be a rise to 1.1370. Otherwise, the market may plummet to 1.1154 and if it does not bounce off, it will go further to 1.1126.
H1: On this time frame we can see that EUR/USD tried breaking out three times but it failed. Small tops and bottoms are still increasing but the pair started to lose its power.
Rise: If the pair continues rising initial target price is the 161.8% retrace of 1.1275 (05/06/2015 top) and 1.10681 (05/06/2015 high) fall. Next take profit level is the 200% retrace.
Fall: EUR/USD may turn down if the daily level of 1.132 proves to be strong enough. Take profit levels are 1.113 and 1.097 but the main trend line may stop the fall.
H1: EURUSD started to range between the D1 zone of 1.132 and the H1 level of 1.12335. Candle dynamic is turning in bullish. Many shadows have formed yesterday so rising may occur today.
Rise: Initial target price is the daily zone of 1.132. If EURUSD breaks this level with a significant candle, increasing may continue. Next take profit levels are the 161.8% and the 200% retrace of 1.1275 (05/06/2015 top) and 1.10681 (05/06/2015 high) fall.
Fall: Falling may continue if the pair breaks down the H1 level of 1.2335. In this case it may fall till the D1 zone of 1.113.
H1: EURUSD is in a conflict zone now. Both sides of the market are very passionate at this turning point, but no one knows how much force is required to carry price into a sustainable trend. That is why candle dynamics turns bullish then bearish after each other. EURUSD broke down the H1 level of 1.12335 but it was only a false one. The pair moved back above 1.12335.
Rise: If EURUSD can break the daily level of 1.132, initial target price is the next daily level at 1.1455.
Fall: If the pair breaks down 1.2335, it may fall till the D1 zone of 1.113. Next take profit level is the weekly level of 1.097.
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