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EUR/USD

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EUR/USD was in a strong and consistent downtrend during the recent weeks that sellers were successful in achieving the lowest price of 1.46406 and According to the recent strong descending , price is in saturation sell area and there is the potential for ascending and price reformation.

Right now price by reaching the Support line of monthly pivot point (S3 MN) and also by creating a Bottom price(Hammer Pattern that need to be confirmed by a bullish candle) in daily time frame has been stopped from more descend.As it is obvious in the picture below, there is AB=CD harmonic pattern between the top price of 1.49340 and the current descend price with ideal ratios of 61.8 and 127.2 that there is a potential for changing price direction from D point of this pattern.

RSI indicator in weekly and daily time frames is in saturation sell area and warns about ascending of price according to the next cycle during the next candles.The first important warning for ascending of the price according to the technical signs is breaking of the resistance level 1.16505.
 

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It's taken six years for the Europeans to make a meaningful move in response the the financial crises.
The big game changer is to be announced tonight.
The market is utterly devoid of any volatility in fact for the last 5 days the EUR/USD has done absolutely nothing.
We need a new crises to entertain us.
 
Technical analysis of EUR/USD dated 27.02.2015

EUR/USD in recent weeks has been in a strong and consistent trend in the price movements which Sellers have been successful in reaching to the lowest price of 1.11830.As it is obvious in the picture below, price during the descending has touched the round supportive level of 1.11000 and has created the hammer candlestick pattern.As it is obvious in the picture below, there is a harmonic Gartley pattern between the bottom price of 1.11830 and the top price of 1.15339 that there is a potential for changing price direction from D point of this pattern.

According to the descending potential in weekly time frame, price reformation of 4H time frame is not stable and by breaking the support level of d point, the ascending signal for 4H time frame will be invalid.RSI indicator in 4H time frame is in saturation sell area of the D point confirms AB=CD harmonic pattern and and with the next cycle warns about ascending of price during the next candles. According to the current selling in the EUR/USD price the first warning for ascending of price is breaking of the resistance level of 1.12460.
 

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Technical analysis of EUR/USD dated 2015.03.09

EUR/USD was in a strong and consistent downtrend during the recent months that Sellers were successful in obtaining the lowest price of 1.08240.In 4H time frame, according to the recent movement price, there is a Morning star candlestick pattern (with 3 stars) that warns about formation of a bottom price in this area and ascending of the price.

According to the formed price movement, there is Crab harmonic pattern between the bottom price of 1.08240 and top price of 1.15324 that warns about changing price direction from the D point of this pattern.RSI indicator is in saturation sell area and confirms the harmonic D point and potential for ascending of the price.One of the important warnings for ascending of the price is formation of the candlestick pattern in daily time frame or closing of a ascending candle which prepares the field for ascending of the price .
 

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thank you ! great point of view!
 
EUR/USD Technical Analysis (2015.04.13)

EUR/USD was in a strong and consistent downtrend during the recent days that Sellers were successful in obtaining the lowest price of 1.04621. Currently price in monthly,weekly and daily time frames is under 5-day moving average that shows descending of price during the net candles.As it is obvious in the picture below, there is a Bat Harmonic price pattern between the top price of 1.10502 and the bottom price of 1.05211 that there is a potential for ceasing of price from D point of this pattern.RSI indicator is in saturation sell area and divergence mode with the price chart that confirms the current bottom price and warns about ascending of price during the next candles.

In H4 time frame in the previous candle, the h4 candle appeared as a Hammer candlestick pattern (to notice this candlestick pattern, there is a need to a ascending candle as confirmation) that shows the possibility for formation of a bottom price and ending down the descending of the price).The best sign of ending the descending trend is the formation of the bottom price in daily time frame and fixing of it.
 

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Odd that US$ is still showing strength whilst US earnings due to an overvalued USD are very average. EUR issues not an issue for the moment.
So you gotta see some EUR strength soon.

The Greek thing showed a ray of light with regard to the EURO group politicians in making their ability to implement unpopular reforms - 'Blame the Euro' and make the reforms. 'It's not my fault!' 'Look, I voted against it!'
Vote for me.
 

I think the US dollar will challenge recent highs, whilst the Euro tests the lows. The story, now that Greece is temporarily off the books, is back to QE for the EU, interest rate rise for the US.
 
CanOz said:
I think the US dollar will challenge recent highs, whilst the Euro tests the lows. The story, now that Greece is temporarily off the books, is back to QE for the EU, interest rate rise for the US.
Click to expand...

Remembering that Draghi put a cap on how much QE they will be doing, unlike what become the Feds open ended program followed by taper tantrums. Sept rate rise and EURO printing gotta be well and truly over priced in.
 
CanOz said:
I think the US dollar will challenge recent highs, whilst the Euro tests the lows. The story, now that Greece is temporarily off the books, is back to QE for the EU, interest rate rise for the US.
Click to expand...

A piece of supporting evidence for the possibility of USD strength from here:

For the last week or maybe even a tiny bit longer, liquidity providers have been pretty much dead flat (neither net long nor short) on EURUSD.

But USD positioning over the last 24 has had a moderate sized shift, with liquidity providers going (5%) net short EURUSD, and also decreasing their huge USDCHF and USDJPY net short positions.

As measured by Dukascopy SWFX Sentiment.

https://www.dukascopy.com/swiss/english/marketwatch/sentiment/

Changes in interest rate differentials always are a huge driving force in the FX markets, in my experience.
 
The pair confirmed a positive closing on Friday above the top of the previous session but well off the highs of the day, managing however to remain above the opening. The weekly closing was mixed while forming a new inside week with 1,1345 – 1,1090 the levels to follow in the coming sessions!
The indicators of the daily chart remain below the line while those of the weekly one are still well posoitive for now. The indicators of the s/t charts are in positive territory this morning suggesting another possible test on the upside for a retest of Friday’s top! Only a move below the 200 hours line, now found at 1,1200 will postpone further strength causing a test of the support line at 1,1150, now key level!!
 
The pair confirmed a strong closing on Friday supporting a retest of the 1,1460 area, now the attraction. The weekly closing was also strong above the tops of the past few sessions. Further strength is therefore possible if not even probable!
The indicators of the daily chart are now well positive as well as those of the weekly one supporting further strength. The indicators of the s/t charts are also well positive with bearish divergences still supporting a positive tone. While above 1,1345 on an hourly closing expect further direct strength. My prefer however waiting for a decent correction to buy but only close to the 200 hours line, now found at 1,1242.
 
EURUSD failed last night to confirm the previous days’ positive day reversal suggesting further weakness, especially while below the 200 days line, now found at 1,1115!!
The indicators of the daily chart are still well negative for now while those of the s/t charts are instead still showing a mixed picture suggesting further consolidation/ correction. Further bullish divergences are still supporting a negative tone. Still only an hourly closing above 1,1080 will postpone further weakness favouring a higher retracement with the 200 hours line at 1,1209 the possible attraction!!
A break below 1,1000 will instead resume the decline suggesting a s/t target at 1,0802!!
I stay on the sideline for now and wait the FOMC meetings’ report.
 
The EURUSD plunged lower after the FEDs’ comments breaking below a further support line, now resistance at 1.0955. if last nights’ closing will further confirmed in the coming few sessions expect a return toward 1,05!!
The indicators of the daily chart are still well negative for now as well as those of the s/t charts supporting further weakness. Bullish divergences even in the 4h chart are supporting a negative tone. Possible rebounds should find resistance at 1,0990 while the 200 hours line is found only at 1,1164!!
 
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