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Analysis and Forecast EUR / USD - Weekly review (25.07-29.07).Last week brought weakening of the euro against the dollar, which was consistent with my assumptions, which I presented in the last daily reports. On Friday also they came to break the bottom of the nearly three-week trend side. Overcoming support at 1,0972-81 may suggest a further weakening of the euro against the dollar, towards the level of 1.0909 (at least after the announcement of a referendum). At this level (1.0909), I expect to activate the demand side, which will certainly defend that level. Any break 1.0909 support will indicate the weakness of the euro, which further confirms the downward trend. In this case, the aim in the longer term may be last year's lows.
by RobertPapon
Analysis and forecasts for EUR / USD at the 30.06 / 16The technical situation on eurodolarze has not changed much from yesterday's session. Demand side all the time trying to correct previous declines, but from what we see upward movements are limited. The demand side was able to lead to the abolition of the 38.2% fibo recent decline from 1.1427 - 1.0909. Wednesday's breakout above 1.1111 may suggest that the correction has not finished yet and perhaps demand side will take yet another attempt to attack towards 1,1168-88. Previously, however, the demand will have to overcome the resistance level 1.1130. After completion of the correction expect further declines towards the recent lows. Higher price levels will be a great opportunity to play for a short time. In the case of taking the initiative by the supply side, the Eurodollar will head towards 1.1050 and 1.1013. Overcoming these levels will open the way toward 1.0971 and 1.0909. In the version of the more pessimistic, Eurodollar market may experience decreases even in the area 1,0810-1,0825. Fundamental situation is not conducive to a common currency and hard in this case to assume that the current correction can turn into a greater movement upward. European currency not only pregnant but Brexit on the horizon, we also have a referendum in Italy, which applies to limit the political role of the Senate.
by RobertPapon
Analysis and forecasts for the pair EUR / USD on 28/06 / 16- BreFundamental analysis is not conducive at the moment increases (Brexit, independence of Scotland), but we can not rule them out. On the markets, the situation begins to stabilize and demand side is trying to take the initiative. At the moment the currency pair is oscillating in the zone of resistance 1,1058-80, which correspond to minima of 14 and 15 March. Overcoming this zone will demand, to attack towards Tuesday's high of 1.1111. A further aim of the camp, the bulls will be the resistance zone extending between 1,1168-88 (38.2% sequentially and 50% fibo recent declines and the peak of 24 June). Especially this zone should be a strong barrier to demand. Considering the uncertainty that surrounds markets at the moment, it's hard to predict whether any upward movement is the beginning of bigger increases, or merely a correction in further declines. If I had to define clearly personally I assume that it is a corrective movement, after which we will see another wave of declines. Accordingly, the levels of 1,1168-88 may be a great opportunity to play for a short time. Whereas the puncture resistance of these will open the way towards recent highs. However, this option now seems unrealistic. In the case of the next wave of declines, we will return towards the last low of 1.1013 and then the supply will head towards 1.0971 and 1.0909. In a more pessimistic version of the Eurodollar market may experience decreases even in the area 1,0810-1,0825. In my opinion, a variant of the local correction and further declines seem to be more likely.
by RobertPapon
Analysis and forecasts for EUR / USD at the 27.06 / 16 BrexitAt the moment the currency pair is moving around the level of 1.1022, which is around 23.6% fibo abolition of inheritance from 1.1427 - 1.0909. Given the recent dramatic declines and no new minimum (during the Monday session), we can assume that the demand side begins to catch his breath. It may suggest the development of local correction toward resistance 1,1058-80. Further targets will be the levels of 1.11 and 1,1168-88 (38.2% sequentially and 50% fibo recent declines and the peak of 24 June). Especially this zone should be a strong barrier to demand. The single currency is under pressure and higher price levels can be a great opportunity to open short positions. Given the large nervousness and uncertainty that prevails at the moment, we may see further declines without prior correction. In this variant, the supply will head towards 1.0971 and 1.0909. In a more pessimistic version of the Eurodollar market may experience decreases even in the area 1,0810-1,0825. In my opinion, a variant of the local correction and further declines seem to be more likely.
by RobertPapon
Analysis and forecasts for EUR / USD at the 24.06 / 16Moving on to the analysis of the Eurodollar, we can assume that today's growth should continue in the coming hours. At 23:05 we met YouGov poll, which points to win supporters to remain in the EU (52% -48%). In my opinion, a wave of optimism and runoff further positive information, we should see increases in the resistance level at 1,1495-1,1530 (the upper limit of the local channel growth and peaks at the beginning of May). At these levels, I would expect some correction, which could bear part of the recent increases. After completing the adjustment will be possible further increases toward year's high of 1.1617. Strong support is the level of 1,1295-1,1330 and it does not seem that during Friday's session could be undermined. Variant further increases over the next session, is currently the base variant.
by RobertPapon
Analysis and forecasts for EUR / USD 06/23/16The technical situation on the Eurodollar market remained virtually unchanged, despite the volatility we have seen in recent days. Currency pair moves continuously in the vicinity of a strong zone 1,1300-30, which I think is crucial for further direction. Looking more broadly at the eurodollar market, we can see that the traffic growth, which was launched in December last year is in full swing. Especially well it can be seen on the chart with the interval of the day, who presented below. In case of victory of supporters remain in the EU single currency will gain. The purpose of the demand for this embodiment will last peaks at levels of 1.1416 and 1.1617. In the case of Brexitu investors flowing in the direction of the dollar. At the moment, hard to estimate the scale of declines, while the first props will level 1,1136-44, followed by 1.10 and 1.0825. Personally, I think that Britain will remain in the structures of the EU, which will drive further growth. Bearing in mind the nature of the pigeons of the last FOMC meeting, the dollar should soon lose. Turning now to the end only to the Thursday session, it seems that the dominant party should be the demand side. Recent polls show from 23:00 to lead supporters of the EU, which should support the demand. Keeping the eurodollar rate above the level of 1.1295, it will be a clear signal for the further growth. In this case, we should head for the resistance level at 1.1416 and 1,1376-82. Alternative version of a return towards level 1,1213-37, after earlier defeat of support 1.1295.
by RobertPapon
Analysis and forecasts for EUR / USD at the 21.06 / 16Fundamentals at the moment, supports the single currency, but keep in mind that the next polls can change the image on the Eurodollar market. From a technical point of view, the currency pair hovers just above the level of 1.1295, which last week was a strong resistance. If the demand side thoughts on further increases, the level should be defended. In this variant, we can count on further increases toward the maximum of Monday's 1.1383 and 1.1416 (peak of 9 June). In the longer term (several weeks) can be growth toward year's high of 1.1617. Otherwise, breaking 1.1295 level (last maxima) and 1.1278 (Friday shutdown) may indicate that the increases were temporary and return towards the last minima. The first supply will head towards 1,1213-35. Further props will be levels 1.1189 and 1.1144. Considering the confusion of the referendum in the UK and hence a large oscillation, which can foster this, you should be careful when making investment decisions.
by RobertPapon
AUDUSD, Keep an eye on Price Action Near ResistanceAUDUSD Price approaching strong zone 0.748-0.752, Watch out for bearish evidence and a potential move to the downside from this major zone. Beware of the Brexit, british Referendum (on EU exit) is scheduled later this week (23rd-24th June) and regardless of the outcome, you should be prepared for dramatic reaction in all markets. Happy Trading Price Action tracker Skype: PriceActionTool PS: Guys, as you all know, at the moment we can only share ideas via Twitter1.45% and Stocktwits, i ve asked Tradingview to add Facebook-1.20% and Linkedin-0.28% . If you d like them to add those 2 extra social media options please show your support here getsatisfaction.com thx
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by PriceActionTracker
Analysis and Forecast EUR / USD - Weekly review (20.06-24.06)A currency pair is currently just below the important resistance zone of 1,1295-1,1330 can be seen especially on the daily chart. On the impact of the Eurodollar they will certainly have another opinion polls, but from a technical point of view, to overcome the resistance to open the way towards the last peak at 1.1416. Bearing in mind the pressures associated with the referendum seems to be more likely further weakening of the single currency and consequently, a return towards the recent lows 1.1189 and 1,1131-44. In the event of further declines in supply can put towards 1,1058-80. The level of defense for the scenario of succession is above the level of 1.1330. Regardless of the situation that prevails in the British Isles, we may agree that the single currency is holding up well. To sum up my thoughts, we can conclude that in the first part of the week the single currency may lose (if the date of the referendum will not be changed) and then to the dollar should be the reverse (back to concerns about the lack of further interest rate hikes in the US). Version alternative involves changing the date of the referendum (postpone), which will support the common currency. This option will allow the demand side, on the attack on the resistance zone of 1,1295-1,1330.
by RobertPapon
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