Analysis and forecasts for EUR / USD 01/28/16The outlook for EUR / USD:
On Wednesday, there was an attempt to breach the resistance at 1.09 but without success. At the moment there has been a breaking of the downward channel, but it could be another false breakout. Therefore, we should consider the analysis of two ways.
If you believe that the breakout is actually in the coming hours, the course should turn around in the vicinity of the upper limit of the channel (1.0845) and the demand side will head back toward the 1.09 level and 1.0945. (There is a possibility that further increases will occur from the current price level, towards the level of 1.0945). Please note that we are still in sideways and just beat the 1.0945 level, will indicate the direction in the medium term.
Alternative Version assumes that Wednesday's killing was a trap, and once again the supply side will lead to a return to the interior of the channel. In this case, the aim seems to be a level of 1.08 in case of his defeat support at 1.0778.
Eurusdbreakout
Analysis and forecasts for EUR / USD 01/27/16Before us the most important figure of this week due to a Fed meeting.
Along with the writings of the meeting, the Federal Reserve will release its decision on interest rates. Members of the Fed will leave interest rates unchanged and certainly will refer to external factors that may affect the pace of raising interest rates in the future. Whereas falling oil prices and the situation in China, it seems probable that the Fed members will reject the fast pace of interest rate increases.
After the recent market turmoil, analysts assume the next hike until June.
The outlook for EUR / USD:
The technical situation on the main currency pair remained virtually unchanged. Eurodollar has long been moving sideways, waiting for a signal for further direction. According to me the signal to stronger traffic can be records of the meeting of the Fed.
If there is a break through 1.0945 level demand will have an open path to higher price levels. In this case are possible increases in the vicinity 1,0980-90 or even 1,1025-50.
In the second case, if the supply will lead to break support at 1.08 and 1.0778 supply should head for the support 1,0680-1,0715. At this level, it will be possible rebound declines.
In my opinion, the downward variant is more likely.
6E (eurusd) - JANUARY INTRADAY FORECAST!Hello!
Happy New Year!
We would like to present, intraday forecast - 6E (eurusd) on january 2016y.
Methods of price analysis: EWA/EWP, Market Profile, Delta&Cluster, Volume, Fibonacci.
Suppose that this week (close to wednesday), the price gradually decreases to strong support 1.07580, next we will see the creation process of cumulative delta and then expected bulish impulse! All the important prices you can see on a chart. (please pay your attention to the three variations of EWA/EWP)
We wish you all the best in New Year!
Sincerely your's Powerful Traders!
EURUSD 15min Balance AreaEURUSD has been in Consolidation this morning. I'm looking for a Break & Close out of the Balance Area in EITHER direction. The Break & Close is my Entry Trigger. Stops go 1 ATR Above/Below Breakout Bar. Targets are shown on the Chart. I'm not sure how much Momentum we will get on the EURUSD today with this being Thanksgiving Week here in the US and Momentum is what we need for Breakouts. So I'll continue to keep an eye on it
EURUSD : Wait for Box Breakout !!!Eur/usd Pair in H1 timeframe create a nice Box. If box breakout in upward we are going to take long position and if its break downword we are going to short position. That's mean If price break 1.13580 point we are going to open buy trade and if price break 1.12694 point we are going to open sell trade.
I think, price may break downward mode because 50 ema, 100 ema and 200 ema is above the price level and that's why eur/usd faced strong resistance in above.
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