EURUSD - charts update

Here you will get updates, you can use for trading ideas....

The price will come to you, if you just wait...

Looks like a nice chart as the Euro still bullish in long term.

really nice chart

We have an inverted hammer in the falling-wedge....

Trading Day 7. Aug In Eur/usd

Economic Data (GE, Jun). Trade Balance out at 19.7 vs. 15.5 expected. Prior at 14.3. Current Account out at 18.5 vs. 12 expected. Prior at 7.7

Very bullish for eur/usd

Highest grow since September 2006

Will USD/CHF fall and giving the EUR/USD the rising now?

The RSI , the relative strength index for EURUSD is extremely oversold @ 24 (normal range 35 to 70), which occurred only 4 times last 12 months. We can expect heavy short squeeze/rally in EURUSD before the weekend. EURUSD has massive support just above 1.5315-30, which we expect to hold and trade towards 1.5410.

Since we have reach weekly support level, we are going to 1,5550, which is my resistance before the bearish downtrend line in 1,5600

Since we have change to a bearish mode in EUR/USD and have broken every support all the way down - then we only have this way down to support...

Here is a possible daily trading range in EUR/USD - look at chart... (12. Aug 2008):

Looks like usd/chf - is at its top (going down), and will bringing eur/usd up

USD/CHF - is ready to fall - maximum target 1,0720 - this should mean that EUR/USD could be ready to go up, to level 1,5250

"Good numbers supports EUR/USD"

Economic Data (US, Jul) Monthly Budget statement out at -102.8 B vs. -95.0 B expected. Prior at -36.4 B. A negative figure (deficit) that indicates government debt is seen as bearish for the USD.

EUR/USD 1,4870-80 – buy on retrace, we should start seen some covering of shorting before the weekend.

4H is extreme OS and Daily is also OS.

EUR/USD is starting to form an inverted head and shoulder now…

Range trading in EUR/USD - 1,4860 - 1,4975

BEARISH outlook in USD/CHF (Mirror of EUR/USD) - look at chart

Daily neutral range in EUR/USD - buy 1,4850-60 - sell 1,4930-40

German [Q2 GDP] on the stronger side of expectations, although there is no hiding from the fact that growth contracted in Q2 (-0.5% qoq). In the annualised measure Q2 beat forecast at 1.7% vs 1.6%, Q1's downward revision was from 1.5% to 1.3% yoy, also not as much as feared after yesterday sourced comments. Eur/Usd jumped 30 ticks as a result of the data. Very likely we will see further short covering continue to support the single currency as the mkt remains oversold. Little to shift the technical picture nearby on the upside, with 1.5000 the pivot for sentiment. Some restraint possible though as French GDP could tip into contraction territory. Due 6.45GMT and f/c 0.1% qoq.

Closing for the long... in 1,4920