EUR vs USD

EURO / DOLLAR: The bearish trend can resume

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Below 1.15 USD the major trend remains bearish 1.11 USD and then 1.1 USD are in the line of sight. The surpassing of 1.15 USD would cancel this anticipation and favor a recovery toward 1.16 USD.

Opinion Short Term

• Negative
  
• Resistance 1 £1.15
  
• Support 1 £1.11
  

Opinion Medium Term

• Bearish
  
• Resistance 2 £1.16
  
• Support 2 £1.10
  

The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.


The cross is oriented to the downside. It is under its 50-day moving average located at 1.14. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1.11 USD and the next is at 1.1 USD; the resistances, located at 1.15 USD and at 1.16 USD must be exceeded for the trend to undergo a reversal.

EURO - DOLLAR: The movement remains bullish
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Above 1.12 USD the major trend remains bullish. 1.16 USD and 1.16 USD are in the line of sight. The breaking of 1.12 USD would cancel this anticipation and favor a correction toward 1.11 USD.

Opinion Short Term

• Negative
  
• Resistance 1 £1.16
  
• Support 1 £1.12
  

Opinion Medium Term

• Bearish
  
• Resistance 2 £1.16
  
• Support 2 £1.11
  

The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1.12 USD, before a test of 1.11 USD in the case of a breach. To the upside, the resistance at 1.16 USD is intermediary before the strong level of 1.16 USD.

EURO - DOLLAR: The bullish signals are intact
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Above 1.12 USD the major trend remains bullish. 1.16 USD and 1.17 USD are in the line of sight. The breaking of 1.12 USD would cancel this anticipation and favor a correction toward 1.12 USD.

Opinion Short Term

• Negative
  
• Resistance 1 £1.16
  
• Support 1 £1.12
  

Opinion Medium Term

• Bearish
  
• Resistance 2 £1.17
  
• Support 2 £1.12
  

The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1.12 USD, before a test of 1.12 USD in the case of a breach. To the upside, the resistance at 1.16 USD is intermediary before the strong level of 1.17 USD.

EURO / DOLLAR: The analysis does not suggest a drop in the medium term
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As long as 1.11 USD remains a support, the movement may join 1.15 USD over the short term. The breaking of 1.11 USD would invalidate this opinion and open the door for 1.11 USD.

Opinion Short Term

• Negative
  
• Resistance 1 £1.15
  
• Support 1 £1.12
  

Opinion Medium Term

• Bearish
  
• Resistance 2 £1.16
  
• Support 2 £1.11
  

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The RSI is above 50, this confirms the sound positioning of the cross The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

Since the recent low at 1.13 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1.14: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1.15 USD and 1.16 USD. The supports are at 1.12 USD then at 1.11 USD .

EURO - DOLLAR: The bullish signals are intact

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Above 1.14 USD the major trend remains bullish. 1.19 USD and 1.2 USD are in the line of sight. The breaking of 1.14 USD would cancel this anticipation and favor a correction toward 1.13 USD.

The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. As for the Stochastics, they are in the overbought area, making a correction likely in the short term. The volumes traded are more than the average volumes over the last 10 days.

The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1.14 USD, before a test of 1.13 USD in the case of a breach. To the upside, the resistance at 1.19 USD is intermediary before the strong level of 1.2 USD.

EURO - DOLLAR: Negligible risk in the medium term

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As long as 1.12 USD remains a support, the movement may join 1.2 USD over the short term. The breaking of 1.12 USD would invalidate this opinion and open the door for 1.11 USD.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The RSI is above 50, this confirms the sound positioning of the cross But the Stochastics indicators are high, which calls for prudence in the very short-term. The volumes traded are more than the average volumes over the last 10 days.

The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1.13 USD, before a test of 1.12 USD in the case of a breach. To the upside, the resistance at 1.2 USD is intermediary before the strong level of 1.21 USD.

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As long as 1.13 USD remains a support, the movement may join 1.19 USD over the short term. The breaking of 1.13 USD would invalidate this opinion and open the door for 1.12 USD.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The RSI is above 50, this confirms the sound positioning of the cross The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1.14 USD, before a test of 1.13 USD in the case of a breach. To the upside, the resistance at 1.19 USD is intermediary before the strong level of 1.19 USD.

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Above 1.14 USD the EURO - DOLLAR is heading toward 1.2 USD over the short term. Below 1.14 USD the movement would reverse and then correct toward 1.14 USD.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The volumes traded are more than the average volumes over the last 10 days.

Since the recent low at 1.15 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1.2: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1.2 USD and 1.21 USD. The supports are at 1.15 USD then at 1.14 USD .

Above 1.13 USD the EURO - DOLLAR is heading toward 1.2 USD over the short term. Below 1.13 USD the movement would reverse and then correct toward 1.12 USD.

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The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

The cross is oriented to the downside. It is under its 50-day moving average located at 1.2. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1.14 USD and the next is at 1.13 USD; the resistances, located at 1.2 USD and at 1.21 USD must be exceeded for the trend to undergo a reversal.

The movement remains bullish
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INDICATOR
Opinion Short Term Positive
Resistance 1 1.26USD
Support 1 1.21USD
Opinion Mid Term Bullish
Support 2 1.2USD
Resistance 2 1.27USD

STRATEGY
Above 1.21 USD the major trend remains bullish. 1.26 USD and 1.27 USD are in the line of sight. The breaking of 1.21 USD would cancel this anticipation and favor a correction toward 1.2 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1.21 USD, then at 1.2 USD; only the resistances, placed at 1.26 USD, then at 1.27 USD, could contain the prices.

Indecision reigns
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INDICATOR

• Opinion Short Term Negative
  
• Resistance 1 1.26USD
  
• Support 1 1.21USD
  
• Opinion Mid Term Bullish
  
• Support 2 1.2USD
  
• Resistance 2 1.26USD
  

STRATEGY
Below 1.26 USD the EURO - DOLLAR is evolving toward 1.21 USD over the short term. The clearing of 1.26 USD would invalidate this opinion and open the door for 1.28 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1.21 USD, then at 1.2 USD; only the resistances, placed at 1.26 USD, then at 1.26 USD, could contain the prices.

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INDICATOR
Opinion Short Term Neutral
Resistance 1 1.2USD
Support 1 1.16USD
Opinion Mid Term Bullish
Support 2 1.15USD
Resistance 2 1.21USD

STRATEGY
As long as 1.21 USD continues to be a resistance, the movement may join 1.16 USD over the short term. The surpassing of 1.21 USD would invalidate this opinion and open the door for 1.22 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. The RSI value is less than 50: this confirms the weakness of prices. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 1.19 USD the cross corrected towards the 50-day moving average 1.18: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 1.16 USD and 1.15 USD. The resistances are at 1.2 USD and 1.21 USD.

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INDICATOR
Opinion Short Term Neutral
Resistance 1 1.2USD
Support 1 1.16USD
Opinion Mid Term Bullish
Support 2 1.15USD
Resistance 2 1.21USD

STRATEGY
As long as 1.21 USD continues to be a resistance, the movement may join 1.16 USD over the short term. The surpassing of 1.21 USD would invalidate this opinion and open the door for 1.22 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. The RSI value is less than 50: this confirms the weakness of prices. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 1.19 USD the cross corrected towards the 50-day moving average 1.18: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 1.16 USD and 1.15 USD. The resistances are at 1.2 USD and 1.21 USD.

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INDICATOR
Opinion Short Term Positive
Resistance 1 1.2USD
Support 1 1.16USD
Opinion Mid Term Bullish
Support 2 1.15USD
Resistance 2 1.21USD

STRATEGY
Above 1.16 USD the major trend remains bullish. 1.2 USD and 1.21 USD are in the line of sight. The breaking of 1.16 USD would cancel this anticipation and favor a correction toward 1.15 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 1.19 USD the cross corrected towards the 50-day moving average 1.18: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 1.16 USD and 1.15 USD. The resistances are at 1.2 USD and 1.21 USD.

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INDICATOR
Opinion Short Term Positive
Resistance 1 1.21USD
Support 1 1.16USD
Opinion Mid Term Bullish
Support 2 1.15USD
Resistance 2 1.22USD

STRATEGY
Above 1.16 USD the major trend remains bullish. 1.21 USD and 1.22 USD are in the line of sight. The breaking of 1.16 USD would cancel this anticipation and favor a correction toward 1.15 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1.16 USD, then at 1.15 USD; only the resistances, placed at 1.21 USD, then at 1.22 USD, could contain the prices.

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INDICATOR

• Opinion Short Term Positive
  
• Resistance 1 1.21USD
  
• Support 1 1.17USD
  
• Opinion Mid Term Bullish
  
• Support 2 1.16USD
  
• Resistance 2 1.22USD
  

STRATEGY
Above 1.17 USD the major trend remains bullish. 1.21 USD and 1.22 USD are in the line of sight. The breaking of 1.17 USD would cancel this anticipation and favor a correction toward 1.16 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1.17 USD, then at 1.16 USD; only the resistances, placed at 1.21 USD, then at 1.22 USD, could contain the prices.

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INDICATOR
Opinion Short Term Positive
Resistance 1 1.21USD
Support 1 1.16USD
Opinion Mid Term Neutral
Support 2 1.15USD
Resistance 2 1.22USD

STRATEGY
Above 1.16 USD the major trend remains bullish. 1.21 USD and 1.22 USD are in the line of sight. The breaking of 1.16 USD would cancel this anticipation and favor a correction toward 1.15 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1.16 USD, before a test of 1.15 USD in the case of a breach. To the upside, the resistance at 1.21 USD is intermediary before the strong level of 1.22 USD.

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INDICATOR
Opinion Short Term Positive
Resistance 1 1.21USD
Support 1 1.17USD
Opinion Mid Term Neutral
Support 2 1.16USD
Resistance 2 1.23USD

STRATEGY
Above 1.17 USD the major trend remains bullish. 1.21 USD and 1.23 USD are in the line of sight. The breaking of 1.17 USD would cancel this anticipation and favor a correction toward 1.16 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. As for the Stochastics, they are in the overbought area, making a correction likely in the short term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1.17 USD, before a test of 1.16 USD in the case of a breach. To the upside, the resistance at 1.21 USD is intermediary before the strong level of 1.23 USD.

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INDICATOR

• Opinion Short Term Positive
  
• Resistance 1 1.21USD
  
• Support 1 1.16USD
  
• Opinion Mid Term Neutral
  
• Support 2 1.15USD
  
• Resistance 2 1.22USD
  

STRATEGY
Above 1.16 USD the major trend remains bullish. 1.21 USD and 1.22 USD are in the line of sight. The breaking of 1.16 USD would cancel this anticipation and favor a correction toward 1.15 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. As for the Stochastics, they are in the overbought area, making a correction likely in the short term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1.16 USD, before a test of 1.15 USD in the case of a breach. To the upside, the resistance at 1.21 USD is intermediary before the strong level of 1.22 USD.

At the current bar, the balance line runs through 1.1872, below the TR1 trend line. If buyers fail to defend the TR1, we can expect the euro to drop to 1.1889. Once the price reaches 1.1889, we need to keep an eye on trading volume and US bond yields. Should bond yields rise, the correction could continue to  1.1862.

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INDICATOR

• Opinion Short Term Positive
  
• Resistance 1 1.2USD
  
• Support 1 1.16USD
  
• Opinion Mid Term Neutral
  
• Support 2 1.15USD
  
• Resistance 2 1.21USD
  

STRATEGY
Above 1.16 USD the major trend remains bullish. 1.2 USD and 1.21 USD are in the line of sight. The breaking of 1.16 USD would cancel this anticipation and favor a correction toward 1.15 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. As for the Stochastics, they are in the overbought area, making a correction likely in the short term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1.16 USD, before a test of 1.15 USD in the case of a breach. To the upside, the resistance at 1.2 USD is intermediary before the strong level of 1.21 USD.

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INDICATOR

• Opinion Short Term Positive
  
• Resistance 1 1.19USD
  
• Support 1 1.15USD
  
• Opinion Mid Term Neutral
  
• Support 2 1.15USD
  
• Resistance 2 1.2USD
  

STRATEGY
Above 1.15 USD the major trend remains bullish. 1.19 USD and 1.2 USD are in the line of sight. The breaking of 1.15 USD would cancel this anticipation and favor a correction toward 1.15 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1.15 USD, before a test of 1.15 USD in the case of a breach. To the upside, the resistance at 1.19 USD is intermediary before the strong level of 1.2 USD.

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INDICATOR

• Opinion Short Term Positive
  
• Resistance 1 1.2USD
  
• Support 1 1.15USD
  
• Opinion Mid Term Bearish
  
• Support 2 1.14USD
  
• Resistance 2 1.21USD
  

STRATEGY
Above 1.15 USD the major trend remains bullish. 1.2 USD and 1.21 USD are in the line of sight. The breaking of 1.15 USD would cancel this anticipation and favor a correction toward 1.14 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
Since the recent low at 1.16 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1.18: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1.2 USD and 1.21 USD. The supports are at 1.15 USD then at 1.14 USD .

22.09.2015 16:02 GMT+1 - EUR/USD Intraday: the downside prevails.

Pivot: 1.122
Our preference: Short positions below 1.122 with targets @ 1.112 & 1.108 in extension.

Alternative scenario: Above 1.122 look for further upside with 1.1255 & 1.132 as targets.

Comment: The RSI is badly directed.
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Yesterday the euro/dollar significantly "dipped", wasting it seems all of the previous increment. The subject of Greece after many months fully rises again, and although it is not the same as that in 2009-2010, the picture does not become easier because of this.

The European Central Bank yesterday said that the adoption of the national debt of Greece as a collateral loan in the usual format has exhausted itself. The reason is simple - the rating of Greece was and remains below investment grade, in the speculative grade. Greece owes the "troika" of creditors slightly less than 240 billion euro, the country recently serviced their debts rather successfully, but the interest fee is not the same as a rapid repayment of the entire debt.

It seems that with such a statement the ECB directly "pushed" on the left SYRIZA Government, who recently won in the general election. Updated Greek authorities have repeatedly stated that they intend to renegotiate the terms of loans and receivables, not wanting to save more. New conditions complicated by the ECB will sooner or later force the Greek authorities to have a constructive dialogue with the EU, IMF and ECB.

Indeed, this information and has become the main reason for the weakening of the euro. Evening statistics on employment in the private sector by ADP in the US in January came out weaker than expected, but overall it's a healthy number.