Tag Archives: EUR/USD

Technical Analysis: EURUSD February 19

EURUSD: The currency pair is currently in a triangle, (4H chart) which could be seen as a bearish continuation pattern. The downside bias remains, so a breakout of the triangle could give way to fresh near-term lows. Downside target would reach around $1.3250 which is the support level of the mid-January lows. On the upside, target would be around the $1.3520 resistance...

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February 19, 2013 @ 9:22 am

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EURUSD technical analysis

EURUSD is holding steady, having gained 0.2 percent today, with the short term uptrend still in tact. Resistance on the intraday chart is expected to be around $1.3472 to $1.3500 area. This is the 50 percent Fibonacci retracement of the recent down move this month. Should the pair reverse the uptrend, the target of the move down is around $1.3270. This is the January 16th low and a previous...

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February 13, 2013 @ 3:33 pm

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EURUSD Technical Analysis: Strong long-term bearish bias

On the daily chart the EURUSD is showing a strong bearish bias.  The pair has extended a decline since October 17 and has reached a two-month low. The uptrend line extending from July to October has been broken to the downside. Prices have also fallen below the moving average as well as the key $1.30 psychological level. The upside correction from July-October has ended and the long-term...

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November 14, 2012 @ 9:45 am

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EURUSD Technical Analysis: Strong long-term bearish bias

On the daily chart the EURUSD is showing a strong bearish bias.  The pair has extended a decline since October 17 and has reached a two-month low. The uptrend line extending from July to October has been broken to the downside. Prices have also fallen below the moving average as well as the key $1.30 psychological level. The upside correction from July-October has ended and the long-term...

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November 14, 2012 @ 9:45 am

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