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EUR/USD drops tallying and tests 1.1350 ahead of Powell



    The pair loses accumulation arena and retreats to 1.1350.
    The upside in the greenback picks up pace to the 96.60 place.
    Speech by Feds J.Powell adjacent of relevance in the docket.

The selling pressure is now buildup new steam re the European currency, motivating EUR/USD to recede to daily lows in the mid-1.1300s.

EUR/USD offered upon strong NFP, looks to Powell

Spot has sufficiently faded its daily gains to the 1.1420 region seen earlier in the session in addition to a cause discomfort select taking place in the demand for the greenback.

In fact, buying pressure speedily emerged in the buck after US Non-farm Payrolls surpassed consensus for the month of December, showing the US economy auxiliary 312K jobs despite the uptick in the jobless rate and wage inflation pressure appears to have resumed the upside.

Moving take in hand, Chief Powells speech at the annual meeting of the American Economic Association should save the Dollar knocked out breakdown, although todays Payrolls figures have comprehensibly surgically cut off some traction from speculations regarding the likeliness that the Fed could modify lower/subside its pace of rate hikes.






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#1 - January 05, 2019, 07:13:23 PM

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My analysis of EUR/USD

Resistance and Supporting level today,s

Today Trend is:bullish

Resistance level today,s is

First Resistance is:1.1444
Second Resistance is:1.1449
Third Resistance is: 1.1456


Supporting levels today,s is

First Support is: 1.1435
Second Support is:1.1430
Third Support is:1.1421
#2 - January 30, 2019, 03:46:30 AM

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EUR/USD drops tallying and tests 1.1350 ahead of Powell



    The pair loses accumulation arena and retreats to 1.1350.
    The upside in the greenback picks up pace to the 96.60 place.
    Speech by Feds J.Powell adjacent of relevance in the docket.

The selling pressure is now buildup new steam re the European currency, motivating EUR/USD to recede to daily lows in the mid-1.1300s.

EUR/USD offered upon strong NFP, looks to Powell

Spot has sufficiently faded its daily gains to the 1.1420 region seen earlier in the session in addition to a cause discomfort select taking place in the demand for the greenback.

In fact, buying pressure speedily emerged in the buck after US Non-farm Payrolls surpassed consensus for the month of December, showing the US economy auxiliary 312K jobs despite the uptick in the jobless rate and wage inflation pressure appears to have resumed the upside.

Moving take in hand, Chief Powells speech at the annual meeting of the American Economic Association should save the Dollar knocked out breakdown, although todays Payrolls figures have comprehensibly surgically cut off some traction from speculations regarding the likeliness that the Fed could modify lower/subside its pace of rate hikes.
eurusd also appeared to have formed a momentum candle a few hours ago, where prices broke and closed below the low bollinger band line. and usually when there is a break like this, there will be a further downward movement in the near future. so now it's better to look for opportunities to sell first, rather than forcing a search for support, because the price is still below the mid BB line, which means it is in the sell zone area



#3 - February 05, 2019, 04:27:30 AM

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EUR/USD drops tallying and tests 1.1350 ahead of Powell



    The pair loses accumulation arena and retreats to 1.1350.
    The upside in the greenback picks up pace to the 96.60 place.
    Speech by Feds J.Powell adjacent of relevance in the docket.

The selling pressure is now buildup new steam re the European currency, motivating EUR/USD to recede to daily lows in the mid-1.1300s.

EUR/USD offered upon strong NFP, looks to Powell

Spot has sufficiently faded its daily gains to the 1.1420 region seen earlier in the session in addition to a cause discomfort select taking place in the demand for the greenback.

In fact, buying pressure speedily emerged in the buck after US Non-farm Payrolls surpassed consensus for the month of December, showing the US economy auxiliary 312K jobs despite the uptick in the jobless rate and wage inflation pressure appears to have resumed the upside.

Moving take in hand, Chief Powells speech at the annual meeting of the American Economic Association should save the Dollar knocked out breakdown, although todays Payrolls figures have comprehensibly surgically cut off some traction from speculations regarding the likeliness that the Fed could modify lower/subside its pace of rate hikes.
Upwards scenario: Medium-term bias remain negative, however upside risk aversion is seen above the resistance level at 1.1449 (R1). Break here would suggest next target at 1.1473 (R2) and any further market strengthening would then be limited to final target at 1.1500 (R3). Downwards scenario: Next fractal level on the downside at 1.1413 (S1) acts as initial support measure. Penetration below this mark would suggest our lower target at 1.1385 (S2) and then any further weakening would be limited to final support for today at 1.1357 (S3).
Resistance Levels: 1.1449, 1.1473, 1.1500
Support Levels: 1.1413, 1.1385, 1.1357

#4 - February 05, 2019, 08:40:41 AM

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Upwards scenario: Medium-term bias remain negative, however upside risk aversion is seen above the resistance level at 1.1449 (R1). Break here would suggest next target at 1.1473 (R2) and any further market strengthening would then be limited to final target at 1.1500 (R3). Downwards scenario: Next fractal level on the downside at 1.1413 (S1) acts as initial support measure. Penetration below this mark would suggest our lower target at 1.1385 (S2) and then any further weakening would be limited to final support for today at 1.1357 (S3).
Resistance Levels: 1.1449, 1.1473, 1.1500
Support Levels: 1.1413, 1.1385, 1.1357
this will be the beginning of my entry for a new position from the same direction, like what was detailed, it seems interesting ...
#5 - February 06, 2019, 03:29:48 AM

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I see that, too, where indeed prices will strengthen today. Seen now is that the price is held at the level 4 area where level 4 is the critical level. if the price is able to break down then the wave pattern is certain to experience a roadmap change on h4.EUR/USD in Technical_proxy
#6 - February 06, 2019, 03:48:14 AM

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EURUSD is moving in a bearish bias today, but still stuck by the support area.

For alternative trading strategies based on forex technical analysis today we can look for sell signal confirmation if there is a correction to the range 1.14345-1.14551. The target potential is up to the range 1.14217-1.14011.

If the price breaks below 1.14011, the euro's weakness might continue to the range 1.13805-1.13574.

Be careful if the price breaks above 1.14551 because it has the potential to frustrate this bearish scenario.

Alternative Strategy:

A bullish opportunity will appear if the price breaks above 1.14551 validly, with the potential for euro strengthening to the range 1.14679-1.14885. If you want to open a buy position, make sure the breakout is valid.
#7 - February 06, 2019, 04:04:34 AM

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The price is below the daily pivot 1.1415.
The small MA is below the MA the price is between the two MAs.
The price forecast will be bearish, but retrace will occur first with the initial Support target 1.
Possible to penetrate up to Support 2.

#8 - February 06, 2019, 06:11:56 AM
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Upwards scenario: Short term tendency is clearly on the negative side now. However, possible price appreciation above the resistance at 1.1406 (R1) would open a route towards to next targets at 1.1438 (R2) and 1.1472 (R3). Downwards scenario: Session low provides an important support level at 1.1368 (S1). Any prolonged movement below this level would enable next target at 1.1334 (S2) and then final aim could be exposed at 1.1300 (S3) later on today.

Resistance Levels: 1.1406, 1.1438, 1.1472

Support Levels: 1.1368, 1.1334, 1.1300
#9 - February 06, 2019, 10:01:15 AM

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strong support for EURUSD at 1.1377 , if the break will be on high vol i see 1.1235 next target for bears. alternatively long if 1.1377 holds..
#10 - February 06, 2019, 11:32:38 AM

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On daily charts, prices are sustaining above 100DMA (1.1475), which become immediate resistance level, break below will target 1.1560-1.1600. MACD is below zero line but histograms are increasing mode which will bring bullish view. Stochastic is in neutral territory and giving negative crossovers to signal for bearish outlook for intraday. 14D RSI is currently approaching oversold region and giving wards directions to consider sell
#11 - February 06, 2019, 01:17:06 PM

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Good night and peace be with us all,
Please permit to discuss the analysis of the EUR / USD pair tonight
Picture of TF 1D candlestick yesterday
EUR/USD in Technical_Screenshot-20190206-EUD1
1. Parabolic SAR is the default position above the candlestick
2. Candlesticks below BB200 Middle
3. WMA will cut EMA down
4. SO (9,5,3) leaves OB

Figure TF 1H
EUR/USD in Technical_Screenshot-20190206-EUH1
1. Parabolic SAR defaults position below but bearish candlestick
2. Candlestick movement towards BB200 is low
3. WMA aligns EMA downward
4. SO (9,5,3) is in the OS

Prediction
The price will go down below 1.1365 and will continue downward because there is no news that has weight

Regards,
#12 - February 06, 2019, 01:40:17 PM

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strong support for EURUSD at 1.1377 , if the break will be on high vol i see 1.1235 next target for bears. alternatively long if 1.1377 holds..
here it is . a break of 1.1377.. i see on futures market (6E) that the volume is not so strong on this break . nevertherless i will try to catch a short position on the pullback to around 1.1377 level with stop 15-20 pips. 
#13 - February 06, 2019, 06:54:07 PM

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EU in the H4 time frame is still in sell-reentry condition. Prices continue to fall when it is able to reach the mid BB or MA high area. In the current conditions where the trend is fairly strong so that the seller's insistence continues to press which causes the correction not to occur until high. But we are still aware of a reversal that can occur as a form of balance from a chart in forex. Bearsih trends still occur with the EMA50 above the price. To determine how the conditions are, we still see how full setup is at a lower time frame.
#14 - February 07, 2019, 01:37:25 AM
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eurusd still strong selling, but without any good correction to join the trend. 
#15 - February 07, 2019, 08:30:01 AM
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