RobertPapon

RobertPapon

We have an extremely interesting week ahead, during which we can witness stronger fluctuations in the markets. The most important figure of the week is the last, this year's meeting of the ECB, which will take place on 13 September. Market observers assume that the governing council will decide to end the ongoing QE program. Interest rates are also expected to...

RobertPapon Updated 

From a technical point of view, breaking the above levels allows us to assume that the euro should further strengthen against the dollar. If we look at the monthly chart, we can see that the target should be the 1.25-1.26 zone, where the upper limit of the inheritance channel started from 1.6039. (At 1.2601, there is a 61.8% drop in the decrease from 1.3996 to...

RobertPapon

Eurodollar should correct some of today's gains.

RobertPapon

Resistance: 1,0655-70

RobertPapon

Current traffic growth will only be a correction in the strong downward trend. The differences in the activities of central banks will continue to support the dollar, which should lead eurodollar to new lows. The aim at the moment seems to be the level of 1.0214 (peak of July 2012) and 1.00 A further target is at the level of 0.94.

RobertPapon

Last week was the end of the correction from 1.0504, which reached just above an important resistance zone, located on levels 1,0847-64. Accordingly, the maximum target correction was completed and returned to the market declines. Ahead of the Federal Reserve meeting, which again may lead to greater volatility. However, in the longer term still applies downward...

RobertPapon

During Friday's session, we should see a continuation of today's gains. No readings in the first part of the day and the limited activity of investors from the US, should support demand. In this variant, after crossing the 1.0567 level, the demand should direct towards 1.0585 (maximum of Thursday). Another goal remains the level of 1.06, while the maximum goal for...

RobertPapon

In my opinion, the beginning of the week should elapse for the local correction towards resistance level at 1.09 and 1.0938. Another fairly distant goal can be the level of 1.10. Higher price levels should be a good opportunity to open short positions. After adjusting I expect further declines toward this year's lows (1.0709) It should be emphasized that the...

RobertPapon

After the recent strong decline should expect a correction. The downward movement already has almost 200 pips. Resistance level of 1.1050 and 1.1079. It is worth emphasizing that when it comes to breaking the Wednesday minimum (1.1004), the supply should be directed toward support 1,0970-80 and only with this price level, we should expect a corrective movement....

RobertPapon Updated 

The situation on the Eurodollar market has not changed significantly, despite the recent volatility. All the time stuck in extended trading sideways around the level of 1.12, which is around 61.8% fibo increases the level of 0.8231 - 1.6038. However, there is thing I would especially like to draw attention. Looking at the graph interval of one month, we note that...

RobertPapon

The shape of the candle daily may suggest further declines, but whereas the Wednesday meeting of the FOMC, it seems more probable expectation and thus - lateral trend between 1,1149-1,1180. More likely to see declines in the evening and the movement of such could take place after the meeting of the Fed. Therefore, you should reckon with a fracture of the recent...

RobertPapon

Today there was to break above the downtrend line, drawn from the top level of 1.1617. From a technical point of view, the demand side gained an advantage, but I do not think that further increases could be continued without the abolition of part of the gains. Therefore, Wednesday's session may take for correction. In my opinion currency pair should move between...

RobertPapon

Currency pair after Friday breaking above the downtrend line (drawn from the summit at the level of 1.1617), in the second part of the day back below of that line. On Monday due to the Labor Day in the US liquidity may be lower, but the demand side will try to correct some declines. Therefore, the movement toward the 1,1174-86 seems very likely. Considering the...

RobertPapon

On Friday, there was a strong declines. Currency Pair stopped at the support of 1.1179 (38.2% abolition of inheritance from 1,1617- 1.0909. The end of the week there was a little higher at 1.1195. Looking at the chart EURUSD in the coming hours, we can assume that the new beginning of a new week, he should bring a growth rebound Friday session. Therefore, one...

RobertPapon

On Tuesday there was a strong growth, which broke last important resistance. Overcoming the level of 1.1233 is a signal that there has been to knock the mountain with more than several weeks side trend. The currency pair reached the 1.1322 level, which covers the cleft of 6 June and represents around 61.8% abolish inheritance from 1.1617 to 1.0909. From a...

RobertPapon

The technical situation on the main currency pair has not changed. At the moment a small advantage is the demand side, which is trying to once again lead to break the resistance level at 1.12. However, increases are limited, as the market awaits Tuesday's readings, which may be the signal for a stronger movement. If you receive readings support the European...

RobertPapon

short term target zone 1,1106-35

RobertPapon

short TP 1,1030