EUR Trading Outlook Archive

EURUSD Pivot: 1.12 Likely scenario: Long positions above 1.12 with targets @ 1.131 & 1.135 in extension. Alternative scenario: Below 1.12 look for further downside with 1.1155 & 1.11 as targets. Comment: The RSI is bullish and calls for further upside.

EURUSD Pivot: 1.131 Likely scenario: Short positions below 1.131 with targets @ 1.12 & 1.1155 in extension. Alternative scenario: Above 1.131 look for further upside with 1.135 & 1.141 as targets. Comment: As long as 1.131 is resistance, look for choppy price action with a… Read more

EURUSD Pivot: 1.156 Likely scenario: Short positions below 1.156 with targets @ 1.1395 & 1.1345 in extension. Alternative scenario: Above 1.156 look for further upside with 1.1625 & 1.1715 as targets. Comment: The RSI is badly directed.

EURUSD Pivot: 1.1495 Likely scenario: Long positions above 1.1495 with targets @ 1.1625 & 1.173 in extension. Alternative scenario: Below 1.1495 look for further downside with 1.1395 & 1.1345 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

EURUSD Pivot: 1.1345 Likely scenario: Long positions above 1.1345 with targets @ 1.15 & 1.1565 in extension. Alternative scenario: Below 1.1345 look for further downside with 1.13 & 1.124 as targets. Comment: The RSI is bullish and calls for further upside.

EURUSD Pivot: 1.119 Likely scenarios: Long positions above 1.119 with targets @ 1.131 & 1.137 in extension. Alternative scenario: Below 1.119 look for further downside with 1.115 & 1.11 as targets. Comment: The RSI is supported by a rising trend line.

EURUSD Pivot: 1.107 Likely scenario: Long positions above 1.107 with targets @ 1.1165 & 1.1185 in extension. Alternative scenario: Below 1.107 look for further downside with 1.1015 & 1.098 as targets. Comment: The RSI is bullish and calls for further advance.

EURUSD Pivot: 1.1095 Likely scenario: Short positions below 1.1095 with targets @ 1.1015 & 1.098 in extension. Alternative scenario: Above 1.1095 look for further upside with 1.1125 & 1.1165 as targets. Comment: Even though a continuation of the technical rebound cannot be ruled out, its… Read more

Medium Term Strategy: Forex Pair of the day EUR/USD – the upside prevails The pair is pulling back above the strong horizontal support at 1.0810 as the daily RSI lacks downward momentum. Then, as long as 1.0810 holds as a strong support, further advance is likely… Read more

EURUSD Pivot: 1.1125 Likely scenario: Short positions below 1.1125 with targets @ 1.103 & 1.098 in extension. Alternative scenario: Above 1.1125 look for further upside with 1.1165 & 1.119 as targets. Comment: The RSI is badly directed.