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Eurdolar

Analysis and forecasts for EUR / USD 07/09/16Today there was to break above the downtrend line, drawn from the top level of 1.1617. From a technical point of view, the demand side gained an advantage, but I do not think that further increases could be continued without the abolition of part of the gains. Therefore, Wednesday's session may take for correction. In my opinion currency pair should move between levels 1,1217-63. (Alternative Version involves crossing Tuesday's rush towards 1.1288, and only at this altitude will see counterattack supply side). On Thursday, we have a conference Mario Draghi, which may lead to greater volatility and this should be taken into account in their investment strategy. (Mario Draghi could give a signal to the weakening of the single currency. If that happens, it's killing over the downtrend line will once again prove to be false).
by RobertPapon
Analysis and forecasts for EUR / USD at the 27.06 / 16 BrexitAt the moment the currency pair is moving around the level of 1.1022, which is around 23.6% fibo abolition of inheritance from 1.1427 - 1.0909. Given the recent dramatic declines and no new minimum (during the Monday session), we can assume that the demand side begins to catch his breath. It may suggest the development of local correction toward resistance 1,1058-80. Further targets will be the levels of 1.11 and 1,1168-88 (38.2% sequentially and 50% fibo recent declines and the peak of 24 June). Especially this zone should be a strong barrier to demand. The single currency is under pressure and higher price levels can be a great opportunity to open short positions. Given the large nervousness and uncertainty that prevails at the moment, we may see further declines without prior correction. In this variant, the supply will head towards 1.0971 and 1.0909. In a more pessimistic version of the Eurodollar market may experience decreases even in the area 1,0810-1,0825. In my opinion, a variant of the local correction and further declines seem to be more likely.
by RobertPapon
Analysis and Forecast EUR / USD - Weekly review ( 11.04-15.04 )Moving on to the analysis of the Eurodollar, it is worth quoting a curiosity about the strength of the dollar in April in previous years. It turns out that April is one of the worst months for the dollar. For example, we may use the last 5 years (EUR / USD), when the euro strengthened against the dollar in April fourfold. The exception here is April 2012. Looking more broadly at the foreign exchange market should be stressed here that the dollar lost the most in April against commodity currencies. A currency pair is currently at 1.1402 horizontal below the important resistance zone, which I wrote about several times in my daily reports. The demand side is certainly not yet said its last word and according to my preferred option is an attack on the last peaks at levels 1,1437-56, whose defeat opens the way towards the resistance level at 1.1495. Whereas the density of the resistance to be expected of a strong attacking the supply side to w / the resistance. Therefore, to overcome the march level of 1.1495 seems unlikely, which could be a pretext to develop a larger correction. (Certainly, many investors have set short order around 1,1456-95). Support for the upward trend is the zone between 1,1325-43 levels (peak of 17 March). Given the current monetary policy of central banks, the ECB and the Fed, we can say with certainty that the differences begin to fade. This in turn should support the common currency, which in the longer term should strengthen against the dollar. With this in mind we can risk saying that eventually comes to breaking the 1.1495 level. In this case, the path towards the 1.1885 level seems to be open.
Long
by RobertPapon