Technical Outlook For Eur-Usd 10-8-2015

Technical Outlook For Eur-Usd 10-8-2015

Eur/Usd pair moved last Friday in the average price movement of 123 Pips, it recorded the highest level at 1.0977 and the lowest at 1.0854 and closed at 1.0963 to Gain 40 Pips during Friday’s trading according to the economic data.

The pair opened today at 1.0962 oscillatory between the 1.0948 and the 1.0972 levels during the Asian session in a trading average of 24 pips for the limitation of the market liquidity.

The pair is moving in a series of up corrective waves after breaking the wedge and we see now the pair retested the broken form.

We saw the pair achieved our target at 1.0860

It is expected that the pair eur /usd will reach the targeted level at 1.1014 in the next few hours.

The Relative Strength Indicator "RSI" reveals the accumulation operations at the market and until Now we are seeing the control of Bulls on the market.

Medium term trend: up

Support levels: 1.0885 and 1.0808 and 1.0762

Resistance levels: 1.1008 and 1.1054 and 1.1131

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Technical Outlook For Eur-Usd 3-8-2015

Technical Outlook For Eur-Usd 3-8-2015

Eur/Usd pair moved last Friday in the average price movement of 193 Pips, it recorded the highest level at 1.1113 and the lowest at 1.0920 and closed at 1.0981 to Gain 50 Pips during Friday’s trading after we saw the consumer prices held steady.

The pair opened today at 1.0969 oscillatory between the 1.0965 and the 1.0988 levels during the Asian session in a trading average of 23 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.0995

The pair is moving in a series of down corrective waves after breaking the parallel price channel.

It is expected that the pair Eur-usd will reach the targeted level at 1.1070 in the next few hours.

The Relative Strength Indicator "RSI" reveals the distribution operations at the market and until

Now we are seeing the control of Bears on the market.

Medium term trend: Down

Support levels: 1.0896 and 1.0811 and 1.0703

Resistance levels: 1.1089 and 1.1197 and 1.1282

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Technical Outlook for Eur-USD 30-7-2015

Technical Outlook for Eur-USD 30-7-2015

Eur/Usd pair moved yesterday in the average price movement of 166 Pips, it recorded the highest level at 1.1083 and the lowest at 1.0966 and closed at 1.0981 to lose 77 Pips during Yesterday’s trading after the FED keep the interest rate as it is.

The pair opened today at 1.0981 oscillatory between the 1.0961 and the 1.0988 levels during the Asian session in a trading average of 27 pips for the limitation of the market liquidity.

The pair is moving in a series of down corrective waves after breaking the parallel price channel.

We saw the pair achieved our target at 1.0953

It is expected that the pair Eur-Usd will reach the targeted level at 1.0840 in the next few hours.

The Relative Strength Indicator "RSI" reveals the distribution operations at the market and until

Now we are seeing the control of Bears on the market.

Medium term trend: Down

Support levels: 1.0937 and 1.0893 and 1.0820

Resistance levels: 1.1054 and 1.1127 and 1.1171

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Technical Outlook for EUR/USD 6-7-2015

Technical Outlook for EUR/USD 6-7-2015

Eur/Usd pair moved last Friday in the average price movement of 53 PIPs, it recorded the highest level at 1.1117 and the lowest at 1.1064 and closed at 1.1112 to Gain 28 PIP result to negative economic data from USA on Thursday and bank holiday on Friday.

The pair opened today at 1.0986 to make a gap with 125 pips After Greeks rejected the terms of the creditors through a yesterday’s referendum.

The pair is moving in a series of down corrective waves after breaking the price channel, and now the pair is trading around the broken limit to retest it and expected to fill down soon to new lows.

It is expected that the pair eur/usd will reach the targeted level at 1.10100 in the next few hours.

Today at 14:00 we are looking for ISM Non-Manufacturing PMI from USA

The Relative Strength Indicator "RSI" reveals the distribution operations at the market and till now we are seeing the control of Bears on the market.

Medium term trend: UP

Support levels: 1.1078 and 1.1044 and 1.1025

Resistance levels: 1.1131 and 1.1150 and 1.1184

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Technical Outlook for EUR/USD 1-7-2015

Technical Outlook for EUR/USD

Eur/Usd pair moved yesterday in the average price movement of 132 Pips, it recorded the highest level at 1.1246 and the lowest at 1.1114 and closed at 1.1145 to lose 90 PIP According to Greece’s dept problem.

The pair opened today at 11145 oscillatory between the 1.1116 and the 1.1145 levels during the Asian session in a trading average of 30 pips for the limitation of the market liquidity, and in the European session the pair went down to 1.1104.

The pair is moving in a series of up impulse waves in a parallel price channel, and now it is expected that the pair will go down to retest the lower limit of the channel to Boomerang up

And we saw the achieved our target at 1.1150

It is expected that the pair eur /usd will reach the targeted level at 1.1090 in the next few hours, and then to 1.1185

Today at 12:15 we are looking for ADP Non-Farm Employment Change from USA

The Relative Strength Indicator "RSI" reveals the distribution operations at the market and till now we are seeing the control of Bears on the market.

Medium term trend: UP

Support levels: 1.1090 and 1.1036 and 1.0958

Resistance levels: 1.1222 and 1.1300 and 1.1354

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Technical Outlook for EUR/USD 29-6-2015

Technical Outlook for EUR/USD  29-6-2015

Eur/Usd pair moved last Friday in the average price movement of 90 PIPs, it recorded the highest level at 1.1220 and the lowest at 1.1130 and closed at 1.1165 to lose 35 PIP According to Concern about the Greek case.

The pair opened today at 1.0988 to make a gap with 177 pips, and in the European session the pair went up to 1.1113 and now is trading around 1.1070.

The pair is moving in a series of up impulse waves after breaking the price channel, and now we prefer to avoid the market until a clearer vision.

And we saw the achieved our target at 1.1120

It is expected that the pair eur /usd will reach the targeted level at 1.1150 in the next few hours.

The Relative Strength Indicator "RSI" reveals the beginning of accumulation operations at the market and till now we are seeing the control of Bears on the market.

Medium term trend: UP

Support levels: 1.1123 and 1.1081 and 1.1033

Resistance levels: 1.1213 and 1.1261 and 1.1303

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