Posts Tagged by professional trading

Downward pressure continues on the EUR having just made new (recent) lows and nearly reaching 1.3900.  A minor support band is likely from 1.3920-1.3900.  With little support beyond this, a break below 1.3900 will target 1.3800.  Some support may develop at 1.3860 and 1.3830 along the way. Resistance comes in at 1.3950 followed by 1.3980-1.4000. …

The pair continues to hit new lows, having just dropped below 1.3990 recently.  The outlook continues to be bearish for the EUR overall. Short term target on the downside, if the pair can once again move below 1.3990 is 1.3940, followed by 1.3920 and 1.3900.  The pair has traded through most of the significant support,…

The  EUR/USD (get a longer term analysis via the link) declined to a former swing low on Tuesday, but has so far managed not to drop below the 1.4025 swing level.  A drop below that level indicates another leg down in the downtrend for the EUR.  Support is likely to develop between 1.4015-1.3985 (the wide…

The EUR tumbled Tuesday, and while 1.4320 and 1.4300 briefly supported the fall the pair ultimately  hit a low of close to 1.4250. The 1.4250 region is a technically a strong support area, but a breach of that support indicates another leg down on the longer term charts.  The pair will need to get through…

As expected Monday was very quiet with the US holiday in effect.  The EUR/USD ranged within 50 pips through much of the day.  Only just in the last hour did the pair manage to pop above 1.4400.  This is not particularly significant at this point given the light volume and the likely stop hunt of…