H1: EURUSD broke the top of 06/07/2015 but it bounced down from the daily zone of 1.113 with strong bearish dynamics. It fell till the 61.8% retrace of 1.09163-1.11248 (07/07/2015 low and 09/07/2015 high) rise then it turned up with weak candle dynamics.
Rise: If EURUSD continues rising and breaks 1.113 it may reach the next take profit level at 1.1233.
Fall: If the pair turns down from this level, take profit level is 61.8% retrace of 1.09163-1.11248 (07/07/2015 low and 09/07/2015 high) rise.
H1: EURUSD broke the D1 level of 1.113 then it nearly reached the Friday’s target price at 1.1233. It bounced down because of the former support of the H4 triangle. It tested back the D1 zone of 1.113 which overlaps the 38.2% retrace of 1.09915-1.12159 (09/07/2015 low and 10/07/2015 high) rise.
Rise: If EURUSD bounce up from this level, take profit is 161.8% and 200% retrace of 1.11973-1.11283 fall.
Fall: EURUSD may continue falling and it reaches the 50% and 61.8% retrace of 1.11973-1.11283 fall. If it breaks the 61.8% retrace with a significant candlestick, it may fall till 1.097.
H1: EURUSD started with a correction yesterday. It began the day with a gap on the 50% retrace of 1.09915-1.12159 (09/07/2015 low and 10/07/2015 high) rise. It reached the Friday’s top but it bounced down with an engulfing. EURUSD broke the bullish trend line and it fell till the weekly zone of 1.097.
Rise: If EURUSD bounce up from this level, take profit levels are the correction zones of 1.11963-1.09734 fall because the pair broke the last local bottom of 09/07/2015.
Fall: If the cross continues falling without a correction, target price is the next daily zone of 1.083.
[B]Forex News from New Forex: Technical analysis of EUR/USD[/B]
Throughout the trading session on Tuesday, the market seems to be in a bearish sentiment. The European currency is been trade between support level at 1.0898 and resistance at 1.1100. According to EMA, the trend is going to stay bearish, as far as a short, medium and long term period concern. This is confirmed by the bearish candle, formed as the result of the previous trading session. Today’s target price is 1.0916. In case the market has reach the level, it may go further to 1.0818. Thus, short positions will be successful if the entry into the market will take place right after the bearish candle is formed below the strong resistance at 1.1213. Trades to bay will be yet too risky.
H1: The weekly zone of 1.097 seems to be a strong technical level on EURUSD. The pair bounced up from this zone and it tested back the 50% retrace of 1.11963-1.09658 (13/07/2015 high and 14/07/2015 low) fall with a long upper shadow. EURUSD bounced down by strong bearish dynamics.
Rise: If EURUSD continues to correct, take profit levels are the correction zones of 1.11963-1.09658 fall. If the pair breaks the 61.8% retrace with a large-bodied candlestick, next target price is the top of 13/07/2015.
Fall: If the cross continues falling, target price is the 161.8% and 200% retrace of 1.09789-1.10546 rise. Further take profit level is the next daily zone of 1.083.
H1: EURUSD reached yesterday’s take profit level of 161.8% retrace (1.09789-1.10546 rise). It is clearly evident that candle dynamics are bearish. I see the chance of a further fall.
Rise: EURUSD may test back the weekly level of 1.097 before it continues falling. However, if the cross breaks this zone, further correction may happen till the correction levels of 1.10832-0.09126 (14/07/2015 high and 16/07/2015 low) fall.
Fall: If the cross continues falling, target price is the 200% retrace of 1.09789-1.10546 rise. Further take profit level is the next daily zone of 1.083.
H1: EURUSD reached the next take profit level at 200% retrace (1.09789-1.10546 rise) then 261.8% retrace. After this it bounced up with a large-bodied candlestick which engulfed five candles.
Rise: EURUSD may test back the correction levels of 1.10832-1.08555 (14/07/2015 high and 16/07/2015 low) fall before it continues falling.
Fall: If the cross continues falling without a correction, target price is the next daily zones of 1.083 and 1.073.
H1: EURUSD reached the next take profit level at 300% retrace (1.09789-1.10546 rise) which overlaps the daily zone of 1.083.
Rise: EURUSD may test back the correction levels of 1.10832-1.08282 (14/07/2015 high and 17/07/2015 low) fall before it continues falling.
Fall: If the cross continues falling without a correction, target price is the next daily zones of 1.073. If the cross starts to correct, I draw a target Fibonacci Retracement from the bottom of 17/07/2015.
H1: EURUSD tried to increase twice yesterday but it only could test back the bottom of 16/07/2015. Now it is ranging on the daily level of 1.083. The market is bearish on this time frame. I see bigger chance of a fall.
Rise: EURUSD may correct till the correction levels of 1.10832-1.08088 (14/07/2015 high and 20/07/2015 low) fall before it continues decreasing.
Fall: If the cross continues falling without a correction, target price is the next daily zone of 1.073. If the cross starts to correct, I draw a target Fibonacci Retracement from the bottom of 20/07/2015.
H1: EURUSD corrected till the 50% retrace of 1.10832-1.08088 (14/07/2015 high and 20/07/2015 low) fall yesterday. It broke this retrace level but it could not continue rising. It seems on this time frame that the cross will turn down although, candle dynamics are still bullish.
Rise: If EURUSD continues rising, next take profit level is the 61.8% retrace of 1.10832-1.08088 (14/07/2015 high and 20/07/2015 low) fall. If it breaks this level with a significant candlestick, rise may continue till the next daily zone of 1.113.
Fall: EURUSD corrected yesterday so next take profit levels are the 161.8% and 200% retraces of 1.08151 and 1. 09597 rise (21/07/2015 bottom and top).
[B]Forex News from New Forex: Technical analysis of EUR/USD[/B]
Yesterday the single currency didn’t live up to expectations of bears considering that the market will overcome a strong level of support at 1.0808. However, at the end of the trading session the euro pared earlier losses against the greenback and bumped into resistance at 1.0962. Today the pair has a mild bullish tone with a relatively wide range. The nearest level of support is seen at 1.0874 and resistance at 1.1030.
Newforex Analyst
Joseph Schwartz
EUR/USD to resume downside eventually Mir feels that EUR/USD looks rangebound, and that if it was going to push lower, it would have done so already at the start of the week. Nevertheless, he adds that in the long run, he can see more downward pressure and expects bearish flow to return ion the near term.
See more at: Gold downtrend eyes $1,000 as EUR/USD and FTSE100 wobble - Tip TV
H1: EURUSD started moving towards the 161.8% and 200% retraces of 1.08151 and 1. 09597 rise (21/07/2015 bottom and top) but it bounced up on its way down. It reached again the 50% retrace of 1.10832-1.08088 (14/07/2015 high and 20/07/2015 low) fall.
Rise: If EURUSD continues rising and it breaks the 61.8% retrace with a significant candlestick, rise may continue till the top of 14/07/2015. Next take profit level is the daily zone of 1.113.
Fall: If bears can push down the price falling may continue till the take profit levels of 161.8% and 200% retraces of 1.08151 and 1. 09597 rise (21/07/2015 bottom and top).
H1: EURUD continued rising and it broke the 61.8% retrace of 1.10832-1.08088 (14/07/2015 high and 20/07/2015 low) fall with a significant candlestick. Later the cross tested back this level but it could not brake down. It indicates rising on this time frame.
Rise: As EURUSD broke the 61.8% retrace rise may continue till the top of 14/07/2015. Next take profit level is the daily zone of 1.113.
Fall: If EURUSD turns down from this level falling may continue till the bottom of 21/07/2015. Next take profit levels of 161.8% and 200% retraces of 1.08151 and 1.10052 rise (21/07/2015 bottom and 23/07/2015 top).
[B]Forex News from New Forex: Technical analysis of EUR/USD[/B]
Trades have a slightly bullish tone today with the immediate support at 1.0953 and resistance at 1.1050. In the short run according to a 3-day moving average we can observe a further pullback to 1.0991 and then to 1.1087. If these levels are breached, the market might stream back to a strong resistance at 1.1203. In the mid- and long term the market will keep a bearish sentiment with the level of support at 1.0808, then at 1.0735 and 1.0659.
Newforex Analyst
Joseph Schwartz
H1: On Thursday EURUSD broke the 61.8% retrace of 1.10832-1.08088 (14/07/2015 high and 20/07/2015 low) fall with a significant candlestick. On Friday the cross broke it back. At the moment the pair rests on the 61.8% retrace. It stands at a crossroads.
Rise: If EURUSD is able to break the Thursday’s top it may reach the bearish trend line which overlaps the 100% retrace of 1.10832-1.08088 (14/07/2015 high and 20/07/2015 low) fall. Next take profit level is the daily zone of 1.113.
Fall: If EURUSD turns down from this level falling may continue till the bottom of 21/07/2015. Next take profit levels are 161.8% and 200% retraces of 1.08151 and 1.10052 rise (21/07/2015 bottom and 23/07/2015 top).
H1: The bearish trend line was broken by a large-bodied, bullish candlestick which generated rising. EURUSD reached the daily zone of 1.113. This level overlaps the 261.8% retrace of 1.10052-1.09337 (23/0/2015 top and 24/07/2015 low) fall. Candle dynamics became week at this level and the cross started to correct.
Rise: Before rising I watch for correction. After a correction I draw a new target Fibonacci Retracement of which 161.8% and 200% retraces will be the take profit levels.
Fall: If EURUSD continues falling I expect till the correction levels of 1.09254-1.11287 (24/07/2015 low and 27/07/2015 high) rise. If the cross breaks the 61.8% retrace with a significant candlestick, falling may continue in the longer term.
[B]Forex News from New Forex: Technical analysis of EUR/USD[/B]
After yesterday’s rally in the European trading session the currency pair has streamed back a bit and on Tuesday the level of support is seen at 1.1029, the level of resistance is at 1.1190. According to the moving average, the main trend is still descending, however, in the frames of the intraday trading there exists possibility of a pullback to resistance at 1.1217 and 1.1245. If the bearish scenario prevails, the latter can push the market to support at 1.1001 and probably lower to 1.0973.
Newforex Analyst
David Fineberg
H1: EURUSD tested back the bearish trend line yesterday which level overlaps the 50% retrace of 1.09254-1.11287 (24/07/2015 low and 27/07/2015 high) rise. EURUSD fell with increasing, bearish dynamics but it bounced up from the 50% retrace level with small-bodied, bullish candles with shadows. Later the bullish dynamics increased. Further rise may happen today.
Rise: As EURUSD corrected yesterday I expect rising till the 161.8% and 200% retrace of 1.1125-1.10304 (27/07/2015 high and 28/07/2015 low) fall. The level of 1.113 may stop this increase.
Fall: If EURUSD continues falling I expect decreasing till the 61.8% of 1.09254-1.11287 (24/07/2015 low and 27/07/2015 high) rise. If the cross breaks the 61.8% retrace with a significant candlestick, falling may continue in the longer term.
H1: EURUSD broke the 61.8% retrace with a significant candlestick. Swing highs and swing lows started to decrease on this time frame. Falling may continue in the longer term.
Rise: As EURUSD reached the 200% take profit level of 1.10304-1.10819 (28/07/2015 bottom and 29/07/2015 top) rise it may correct today. The cross may test back the H4 level of 1.1032 which overlaps the 61.8% correction level.
Fall: As local tops and bottoms are decreasing and the candle dynamics are bearish I see a bigger chance of falling. Initial take profit levels are the 261.8% and 300% of 1.10304-1.10819 (28/07/2015 bottom and 29/07/2015 top) rise. In the longer term I expect falling till the daily level of 1.083.
