Monday, October 19, 2015

EURUSD Undecided

The EURUSD climbed to 1.1494 in the early trading hours on Thursday thus forming its latest high. For better or worse it failed to sustain its gains and declined to 1.1333. Currently the EURUSD is trading at 1.1365-67.

While the main long term trend is still bullish, bearish sentiment remains strong in the short term. Possibility exists that price may want to check the 1.12 level again. However, I expect prices to continue trading in favour of the US Dollar at least until the end of the year.

Support is 1.1314 and resistance is 1.1454.

Chart: EURUSD H4


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7 comments:

  1. UnknownOctober 19, 2015 at 2:08 PM

    The pair is falling, 1.13 seems on sight.

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  2. UnknownOctober 19, 2015 at 3:11 PM

    Excellent Analysis! Thanks.

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  3. UnknownOctober 19, 2015 at 8:15 PM

    There is a shooting start below the resistance at 1.1460 on the weekly filter chart, so it's very likely the pair will begin falling.

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  4. UnknownOctober 19, 2015 at 10:00 PM

    Thanks for this analysis, will keep it in mind!

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  5. UnknownOctober 20, 2015 at 4:28 AM

    Let’s see how low it keeps going.

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  6. bewayopaOctober 20, 2015 at 12:31 PM

    Very good analysis, thanks for sharing.

    ReplyDelete
  7. UnknownOctober 20, 2015 at 12:40 PM

    Still consolidating., waiting for the ECB comments.

    ReplyDelete

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