EURUSD, “Euro vs. US Dollar”

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This pair has been in mixed trend with the pair reaching 1.20 level before declining to dip below 1.18 level. It looks like heading back upwards, so it could be good opportunity to enter buy here with SAR also confirming the switch, but just need to make sure it’s not fake.

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This pair has stayed steady with running between 1.19 to 1.20 levels, it will be interesting whether this can hold or not. However, as we see on SAR indicator, it is pushing downside, so it is perhaps not bad time to go in for sell right now. But, it must be done extremely wisely.

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EUR/USD has been gaining massively since last couple of months, but the trend seems to be turned as the pair starts the drop and that’s also pointed out via SAR indicator, it will be good opportunity for all involved to go into short trade.

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The pair started off the week at 1.1403 and ended the week at 1.1470 with a gain of around 0.6%. It was clearly a case of weak USD and Euro took full advantage of it though it could not make much gain as was well contained. Looking ahead there is ECB meet and CPI data from Eurozone and some US data which should keep the market occupied and moves the price

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The week started off with 1.1282 and ended at 1.1197 with a loss of around 0.75%. So not a good week for this pair or say Euro. The ECB event was big which was at best mixed but the inflation expectation was revised lower which did the damage even though other data’s were encouraging and revised higher. With FED meet & other US data’s one can expect another week of high volatility.

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It was a risk-off theme last week as the USD and other US assets were down. Major market players were waiting for Health Care Bill in the US parliament. Other factors did not matter much and the final event proved a dud as the Bill was withdrawn in the last minute. USD thus fared badly against reserve currencies like JPY, CHF and even Euro. But EURO/USD price range was quite tight.

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EUR/USD pulled down today after testing out 1.08 level, it’s currently trading around 1.0750 level, it’s likely that we will see the trend remaining neutral ahead of NFP, so it could be good opportunity to enter into buy zone.

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EUR/USD this week was bullish right throughout, but with NFP not bringing any unfavorable results, it dropped the pair fair bit and we see it running trend stopped and turned sharply, it’s likely to continue on same platter ahead as well.

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The week was somber for USD this week and its traders adopted cautious approach. There was no respite for USD selling/weakening, which though in October was on the rise. In a week preceding the US elections, the biggest risk event, all the other economic data/events were mostly ignored or had limited impacted. Needless to say, this pair rose and would further rise if Trump gets elected.

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EUR/USD remained neutral throughout the week with riding between 1.13/1.12 level, it’s likely that we may see the pair continuing on similar trending since there isn’t any clear direction as per yet, so we will see things continue like this only.

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EUR/USD went downhill after NFP data was released and dropped around 100-120 pips while the pressure has been mounting quite high which signals for further bearish trend to ride on in coming week.

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EUR/USD went down after NFP reports and closed out at around 1.1082, it’s good chance to have a go at long with no clear trend set for upcoming week, it could challenge 1.12 this week before pulling back inside.

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EUR/USD pair started the week on slight positive note, but soon the plug was pulled and we saw it drop down under 1.10, so it will be interesting to see if it remains there, but we can support the pair to challenge 1.13 at some point during next week.

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EUR/USD is forming into bullish trend with support level at 1.1176, if it remains above that then we could see 1.1350 level been crossed fairly rapidly over the next few days, but we must remember to go long only till it’s above 1.1176 since below that and it will be clear sign of bearish trend.

01.03.2016 21:45 GMT+1 - EUR/USD Intraday: the downside prevails.

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Pivot: 1.0892

Our preference: short positions below 1.0892 with targets @ 1.0810 & 1.0785 in extension.

Alternative scenario: above 1.0892 look for further upside with 1.0915 & 1.0940 as targets.

Comment: the RSI calls for a drop.

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As for the euro / dollar, correction began and the daily timeframe has formed inside bar pattern supported by the level 1,1100. I expected a continued corrective donward movement, I think that the price will not bounce from the level of 1.1100 and will go below the level of 0.0980, and from it we will have to wait for the signal to buy on smaller timeframes intraday.
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The second day in a row the currency pair EUR/USD spent in the 8th figure, not daring to choose a direction. But the indicators on H4 still point to the fact that today the pair is considered for purchase to resistance levels 1.0906 and 1.0937. Levels of support today are at 1.0855 and 1.0824.
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The pair is traded on a sloping support line, from which it can grow to the resistance level 1.1215 and then to the resistance level 1.1265, which is sloping resistance line. Trading will continue in the framework of this triangle, until the price exits to consolidate beyond the triangle.
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As for EURUSD pair, yesterday the final fifth wave down was not allowed, the price fell only to the level of 1.1121 and went up in the correctional fourth wave, approached the area of ​​balance of ascending Andrew's pitchfork, is the level of 1.1247, I expect the turn to the fifth wave down
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Apparently the pair did not have enough potential to continue bullish trend and the price had stopped at the level of 1.0915, the pair is into a flat, the last hour candle indicates a bullish march. Based on the currency movement, we can expect the north direction, currently we see the flat over the European session.
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Yesterday EURUSD pair made a correction down wave through to 1.0868 level. So, I guess this pair will go upward soon. But it should settle above the last High(1.0968) at first.
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