Thread: My opinion on EUR/USD

EUR/USD-market strategy can be a buy from the level 1.3590$
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction.

EUR/USD's recovery extends further to 1.3768 but still lacks decisive momentum to take out 1.3785 resistance. There is still no confirmation of a short term bottom yet. Further decline is still in favor as long as 1.3785 resistance holds. Below 1.3484 minor support will flip intraday bias back to the downside for 1.3258 low first. Break will confirm recent down trend has resumed for long term fibonacci level at 1.3053. On the upside, though, above 1.3785 will indicate that a short term bottom at least formed and bring stronger rebound

On the upside, however, above 1.3785 will firstly indicate that a short term bottom is in place. Secondly, this will argue that EUR/USD is drawing some support from mentioned support zone to form a medium term bottom. Stronger rebound should be seen in this case with focus turned back to 1.4867 resistance Break will confirm that a medium term bottom is in place. Also, this will leave the decline from 1.6038 in three wave structure which suggests that the price actions from 1.6038 are developing into something that's corrective in nature. In other words, fall from 1.6038 is probably just a correction from the long term angle and will likely be contained above 1.1639 low even if decline resumes.

i agree with all the technical indicators indicating a upside movement likely.

Try this technical analyzer:

http://www.marketinout.com/chart/sto...?symbol=EURUSD

now EUR 1.26xx !!!

It is time for a change in power. The bear has take control of the market very well and this could take a long long years of down turn for the EUR-USD and GBP-USD.

According to my analysis i saw on charts yesterday EUR/USD retreats sharply after failing to sustain above 1.3258 resistance. Though, note that a short term bottom is in place at 1.2329. Further rise could still be seen as long as 1.2819 minor support holds. Upside focus turns to 1.3768 cluster resistance. On the downside, below 1.2819 will indicate that rebound from 1.2329 has possibly completed and will put focus back to this low. This is a time to hold existing trades or consolidation.

Cheers