The technical situation Eurodollar remains unchanged. All the time we are in consolidation between the strong resistance at 1.1465 and support at 1.1376. The market is waiting for the moment of issue. It is likely that the signal for further direction will be Friday's data. Accordingly I repeat, what is presented in previous reports:
"Overcoming support paves the...
Currency pair after the recent rally came to a very strong resistance zone, which was a strong barrier in the first two weeks of April. Eurodollar noted Friday's high of 1.1461, which coincides with the peak of 18 September. The demand side is facing a difficult task to force the resistance extending between 1,1465-95, whose defeat opens the way toward 1.1621 and...
Today's growth and the strong decline below the opening price may suggest a long-awaited correction. For this turn of events is also supported by the daily candle, which may indicate a trend reversal. Another aspect that suggests a strengthening of the dollar in the near future, is its seasonality. May is a particularly good month for the US currency, which...
Bulls showed today incredible determination and growth took place without prior local correction. This is already the sixth day of gains in a row and it does not seem that the demand side, was able to keep the pace of growth without local correction. A currency pair is heavily subscribed, while the RSI above 70, increases the risk of progress in further increases....
Currency pair after reflection at the beginning of the week from the support level 1.1216, still moves in a local channel growth. Despite today's peak at 1.1361 we can be seen that the market is struggling with a cross-resistance level at 1.1343, which may ultimately be a strong support for the supply side. Thursday's GDP reading may be the signal for a strong...
Currency pair after a recent decline from 1.1465 to 1.1234 level currently located in a local correction. From a technical point of view, the correction should not exceed the level of 1,1322-25. (The lower limit of consolidation, which coincides with the 38.2% fibo recent declines). Then the supply side should once again take the initiative and head towards the...
Today's session has not led to break permanently recent highs and as a result there has been to determine the further direction. However, looking from the perspective of technical analysis chart of the interval 1D, we can see that the RSI shows negative divergence, which may be a signal reversal. If this state of affairs will continue also during tomorrow's...
The currency pair reached a very strong resistance zone, located between 1,1437-95. Due to the very strong buying and the high density of these resistances, the beginning of the coming week should pass under the sign of the correction weakening of the euro against the dollar. Therefore, you must reckon with the defense of the above-mentioned resistance by the...
On Tuesday after the holiday weekend on the parquet back investors from Europe, which should revive the currency market during the early hours of the morning. Relevant data will appear only in the second half of the day, when we will know the consumer confidence index by. Conference Board. Investors will also pay attention to statements by members of the FED...
The situation on the eurodolarze has not changed and is consistent with what I presented in previous reports. For the record, let me add that the currency pair is in a correction of recent increases. Due to the proximity of support at 1.1144 (38.2% fibo abolition), the voice has come the demand side, which is trying to move toward the counterattack last local...
A currency pair is in a quite interesting place, precisely in the area of 1.1213 (61.8% fib increases the abolition of the level of 0.8231- 1.6038. In case of growth towards the level of 1.1495 should be remembered that in the last year zone 1.12 -1.14 was every time a strong barrier, the demand could not break through. Whether in the near future we will witness...
A currency pair is very close to the first important support level 1.1144, which should provide a barrier against further declines. Therefore, I will repeat what I said in an earlier report. The proximity of the support at 1.1144 (23.6% Fibo unbearable increases the level of 1,0821-1,1343) should activate the demand side and direct the course of the Eurodollar at...
