EUR/USD Intraday Technical Analysis - June 30 , 2011

EUR/USD currency pair managed to make a bullish wave in the last 3 days after bounce of the lower limit of the daily triangle and support level 1.4100
Now the pair is approaching the upper limit of the bearish channel and the resistance level 1.4450-1.4500 .
We need to see clear closure outside the channel and above the resistance level to ensure continuity of the upside movement towards 1.4700 at least .

We have a confirmed double buttom pattern .
The last few candles managed to break its neck line at 1.4440 , now the pair is targetting 1.4500 , 1.4550 , 1.4625 .
This pattern has a target of about 300 pips ; up to to the last top at 1.4700-1.4750
In general , Area 1.4400-1.4440 is a good BUY area  with TP at 1.4500 , 1.4550 , 1.4625 .
http://instaforex.com/forex_analysis/32285/?x=OUE   

EUR/USD Intraday Technical Analysis - June 29, 2011

The pair is in a bearish channel , it seems to fail to reach the lower limit .
Bullish bounce of the lower limit of the daily triangle and possible double buttom pattern .
Recently the pair broke and closed above the upper limit of the same triangle .

The pair has broken the short term downtrend line .
Now the pair is testing the resistance level 1.4415-1.4420 which is 50% Fibonatcci Retracement level , Recent top and the intermediate trendline drawn in the chart .
It's obvious also that MACD is trending up .
Conclusion :
Retracement is expected from the current resistance level down to 1.4280-1.4320 which will be a good BUY area .
SL : 4H closure below 1.4250 .
TP : 1.4400 , 1.4450 , 1.4500 .

http://instaforex.com/forex_analysis/32167/?x=OUE

EUR/USD Intraday Technical analysis 2011-06-27

The spot rate is currently testing the intermediate support of its medium term bearish channel at 1.4070 suggesting a rebound. However a break of these levels would entail a return to the lower limit of the channel to 1.3910.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4070 with a 1st objective of 1.4180, then 1.4220. A break in 1.4040 would invalidate this scenario.


http://instaforex.com/forex_analysis/31885/?x=OUE  

EUR/USD Intraday Technical Analysis & Trade recommendations June 24, 2011

On the daily chart , the pair is trapped inside a triangle .
This triangle needs to be broken to identify the next destination of the pair .
We need to see either break of 1.4500 to the upside or 1.4050 to the downside for more targets .

On the 4H , the pair is trapped inside a shorter term triangle which need to be broken also to detect the next possible direction
The pair made a rebound from the 78.6% from the last upside swing  .
This rebound extended up to 50% Fibonatcci of yesterday's down swing .
1.4300 is the key level for Friday's movement . Trading above it enhances bullish pressure , vice versa .
Break of 1.4300 to the upside opens the way up to 1.4440 the psychological resistance level .
Trade Recommendations :
Buy at levels near 1.4220-1.4250 with TP at 1.4300 , 1.4350 then 1.4400
SL should be 4H closure below 1.4200

http://instaforex.com/forex_analysis/31813/?x=OUE   

EUR/USD Bearish Outlook, (Below to 1.4550) June 09, 2011 (Daily Strategy)

http://instaforex.com/forex_analysis/30559/?x=OUE  

GBP/USD wave analysis for June 8, 2011

During yesterday trading the GBP/USD still continued to form a more complicated inner wave structure of the b wave in the estimated 2nd (or b). If so, after the b wave is completed the price might continue to decline to the correction level 61.8% at the 1.6240 level. At the same time, given the market sentiment directed against the dollar, we cannot eliminate the possibility of the price passing May 31 high (1.6440) within the c wave, in the b.


http://instaforex.com/forex_analysis/30397/?x=OUE  

EUR/USD Bearish Outlook, (Bellow to 1.4610) June 07, 2011 (Daily Strategy)

EUR/USD
The technical picture for the Euro – United States dollar pair shows a downwards correction towards support levels of 1.4460. At that level, we believe the pair can return to their highest levels and continue its upward trend.
Therefore, if the correction of the pair reached to the support of 1.4315, will create an opportunity to enter a position of  buy at a lower price.




http://instaforex.com/forex_analysis/30247/?x=OUE  

EUR/USD. Weekly and Monthly Pivot Points, For 06 - 10/ June, 2011

____WEEKLY_____
Weekly - R3 = 1.5151
Weekly - R2 = 1.4897
Weekly - R1 = 1.4765
Weekly Pivot = 1.4511
Weekly - S1 = 1.4379
Weekly - S2 = 1.4125
Weekly - S3 = 1.3993

_____MONTHLY______
Monthly - R3 = 1.5876
Monthly - R2 = 1.5409
Monthly - R1 = 1.4902
Monthly Pivot = 1.4435
Monthly - S1 = 1.3928
Monthly - S2 = 1.3461
Monthly - S3 = 1.2954

http://instaforex.com/forex_analysis/30211/?x=OUE  

EUR/USD Bullish Outlook, June 03, 2011 (Daily Strategy)

EUR/USD
The Euro-United States dollar pair in this moment is negotiating between the levels of 50% to 61.8% Fibonacci retracement. The resistance level of 1.4550 and the 61.8% Fibonacci retracement line could serve as a short input signal to continue the trend that had started to the weekly support line around the 1.4200 level.
Therefore, if the pair continues its upward force would meet strong resistance at 1.4550 levels could a clear opportunity to take short positions.
http://instaforex.com/forex_analysis/30077/?x=OUE

EUR/CHF Bullish Outlook, June 02, 2011 (Daily Strategy)

EUR/CHF
After a prolonged downwards trend, the Euro - Swiss Franc pair has stabilized around of 1.2060, technically it could provide a bounce upward and the possibility of a change in short-term trend.
 Our perspective will be bullish only if the price is above the first weekly support around the 1,2026  level. It is possible to enter a buy deal already at the present price levels, with a partial objective around 1.2400 and a final goal to the level of 1.2600.
 http://instaforex.com/forex_analysis/29905/?x=OUE 

EUR/USD wave analysis for June 1, 2011

Yesterday’s growth of the EUR/USD to the targets located above the 44 figure level might indicate the end of forming of the upside trend section initiated May 23. At the same time we cannot eliminate the possibility that the price will form even more complicates inner wave structure of the 5th wave in the c, in the estimated B. In the meantime, we should note the fact that if the euro cannot develop the upside movement, the euro will be able to decline to 1.4000.

http://instaforex.com/forex_analysis/29823/?x=OUE