EUR/USD Technical Analysis

EUR/USD Technical Analysis August 29, 2011

The EUR/USD pair closed the day on Friday knocking on the door of the 1.45 resistance level, and as such – looks very bullish at the moment. However, this level has repelled the bulls several times, and as such, we need to see a close above it to get excited about taking a long position in this market. Until then, we are not willing to get involved as it only takes a bit of bad news to send this pair straight back down. We aren’t sellers yet, but would be if we get an exhaustive candle in this neighborhood. Either way, this market is worth watching on Monday, as it looks like it could break out of this area finally.
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http://www.forexcycle.com/daily-fore...t-29-2011.html

EUR/USD Technical Analysis - August 30, 2011 - 06:30 GMT

Considering a return of the risk appetite on the market, we continue to watch a possible development to the upside on the Euro after a confirmation of the break above 1,45.
If the pair manages to establish above 1,45 we expect a test of 1,47 corresponding to the weekly upper bollinger band.
On the other side, a break below 1,4250 would expose key 1,40 support.

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EUR/USD August 31, 2011 - 06:30 GMT
Yerterday's price action didn't really confirm a bullish bias on the pair which was a bit under pressure, testing the 1,44 support.
It is worth noting though that the market remains quite choppy with no directional bias thus it is no easy to be relevant in any technical analysis given these conditions.
We think that 1,43 will be a key level to watch on the downside as the last barrier for an extension toward 1,41 (daily bollinger band) before a test of the key 1,40 support.
A break above 1,4550 is required to allow a bullish development.

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http://www.forexfactory.com/attachme...1&d=1314799578


Source:
http://www.atf-forex-trading.com/majors-analysis.html

EUR/USD September 1, 2011 - 14:05 GMT
The pair is now under pressure after a new fail to establish above 1,45. Daily studies are pointing to further losses over the coming sessions.
The context in Europe with the Greek issue doesn't help the EUR/USD and we don't expect things to improve going forward.
Next key support to watch will be 1,40 corresponding to the weekly bollinger band. Only a break above 1,4550 would alleviate the downside pressure but we don't endorse this scenario considering the overall technical setup.
It is worth noting though that the major is still trading flat over the long term and we are waiting a trend development to confirm a bearish outlook.


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source :
http://www.atf-forex-trading.com/majors-analysis.html

EUR/USD September 2, 2011 - 11:05 GMT

The pair is now under pressure after a new fail to establish above 1,45. Daily studies are pointing to further losses over the coming sessions.
The context in Europe with the Greek issue doesn't help the EUR/USD and we don't expect things to improve going forward.
Next support to watch will be 1,4150 (daily bollinger band) before an extension towards the key 1,40 level corresponding to the weekly bollinger band.
Only a break above 1,4550 would alleviate the downside pressure. It is worth noting that the pair is still trading flat over the long term and we will wait for a trend development to confirm a bearish outlook.


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source :
http://www.atf-forex-trading.com/majors-analysis.html

EUR/USD September 6, 2011 - 05:40 GMT
The pair continues to slide towards the highly watch level at 1,40 which might be offering some support.
A break below this level would expose July low (1,3840) and confirm a bearish outlook on the Euro over the middle term.
A break back above 1,4560 is now required to alleviate the downside pressure.


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source:
http://www.atf-forex-trading.com/majors-analysis.html

EUR/USD September 8, 2011 - 08:55 GMT

The pair remains under pressure ahead of the important ECB rate decision (11:45 GMT) and M. Trichet statement (12:30 GMT).
The downside move is supported by a long term trendline going through the key 1,40 support. A break and daily close below this level would validate a potential shift in the trend and expose a continuation to the downside.
We need to see a break back above 1,4550 to negate the bearish outlook.


source :
http://www.atf-forex-trading.com/majors-analysis.html

September 25, 2011 - 18:30 GMT
http://www.forexfactory.com/attachme...1&d=1317044071

The pair is now evolving in a clear bearish trend after a confirmation of the break below 1,38.
The long term reversal structure is now validated and we expect a continuation of the move towards at minimum the 1,30 support which used to be a consolidation level.
Only a break back above 1,40 would negate the bearish outlook.