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Intraday Market Analysis

 

EURUSD – The pair continued its sideways move after finding a significant support at 1.3020 (S1). At the moment there is some indecision in the market therefore we chose to stay aside until we see some signal for the forthcoming move.

 

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Intraday Market Analysis

EURUSD – The pair penetrated the downtrend line yesterday and challenged 1.3100(R1) but it lacked momentum for a close above it. We expect the price to retest the downtrend line before any attempt to move to higher levels. We remain aside waiting for a clear indication for the price direction before taking any positions.

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Intraday Market Analysis

EURUSD – The pair retest the 1.3050 area yesterday before posting a rapid move on the upside only to stop at 1.3186(R1), not much below our very important resistance of 1.3200(R2). We expect a correction for today in an attempt for the pair to gather enough momentum in order to challenge 1.3200. In case of a break below 1.3147(S1) a short position with a very tight stop loss would be a good scenario, aiming in the area of 1.3125-20. A break above 1.3200 would be a signal for long positions.

Click here to view more currency pairs, gold & oil analysis: dailyfxanalysis

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Intraday Market Analysis

EURUSD – Although the single currency penetrated 1.3200(R1) yesterday, an important and psychological resistance for the further upside move of the pair, it didn’t manage to hold above it. A correction is expected to occur in today’s session and we consider the area between 1.3146 – 1.3123 good for long positions targeting at least 1.3200. Our stop loss in such trades would be below 1.3100(S3). A break above 1.3200 would be a signal for long positions

Click here to view more currency pairs, gold & oil analysis: http://www.dailyfxanalysis.com/

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Intraday Market Analysis

EURUSD – As expected, there was a high volatility during NFP announcement on Friday, but the pair managed to hold above the uptrend trend line maintaining its bullish momentum on the short term. We suggest long positions for the day at 1.3100(S1) with a stop loss a few pips below 1.3080(S2) targeting 1.3165. In the case of a break above 1.3169(R2) we favor long positions aiming 1.3200(R3).

Click here to view more currency pairs, gold & oil analysis: http://www.dailyfxanalysis.com/

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Intraday Market Analysis

EURUSD – The single currency challenged the 1.3200 area yesterday without being successful. Today we expect a correction before any further attempts at 1.3200 areas. Therefore we support short positions at the break of 1.3147(S1) with 10 pips stop loss, targeting 1.3120(S2). A break of 1.3200 would be a signal for long positions aiming 1.3230.

Click here to view more currency pairs, gold & oil analysis: http://www.dailyfxanalysis.com/

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Intraday Market Analysis

EURUSD – The single currency penetrated the uptrend trend line in a spectacular way yesterday, bringing the bearish picture into the frame for another time. The bias is negative on higher time frames as well which is a confirming factor for us to place short positions. The area of 1.3066(R2) would be good for entering the market, as we expect a correction today, with our stop loss at 1.3100, targeting 1.2988(S2). A break below 1.3010(S1) is a signal for short positions aiming 1.2973(S3).

Click here to view more currency pairs, gold & oil analysis: http://www.dailyfxanalysis.com/

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Intraday Market Analysis

EURUSD – Yesterday the pair dropped down to 1.2940-35 area, as expected, before challenging 1.3026 in the early hours today. We support long positions near 1.2970 for today, with a stop loss of 20 pips and take profit at 1.3045.

Click here to view more currency pairs, gold & oil analysis: http://www.dailyfxanalysis.com/

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Intraday Market Analysis

EURUSD – Momentum was not enough yesterday forcing the pair to lower lows and highs. Our outlook is negative in the short term as is also confirmed by the moving averages. We support short positions at a break of 1.2900 with stop loss at 1.2917 and take profit at 1.2826.

Click here to view more currency pairs, gold & oil analysis: http://www.dailyfxanalysis.com/

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