EURUSD Market Analysis

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10-03-2016, 11:57 PM, (This post was last modified: 10-04-2016, 12:00 AM by ForexMart Supporter.)
#1
resim



The EURUSD pair settles above 1.1196 level, and the price did not show any strong move since morning, therefore, no change on the bullish trend scenario that depends on the stability above the mentioned level, which its main targets begin at 1.1356 level, while breaching this level represents the key to extend the bullish wave towards 1.1615.

Expected trading range for today is between 1.1140 support and 1.1356 resistance.


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10-04-2016, 03:12 PM,
#2
The EURUSD pair is testing the key support 1.1196 now, accompanied by stochastic entering the oversold areas on the four hours' time frame, which forms positive factor that we are waiting to protect the mentioned level, waiting to rebound bullishly to resume the bullish trend again.

Therefore, our bullish overview will remain valid in the upcoming period, and the next main target is located at 1.1356, reminding you that breaking 1.1196 level will push the price to visit 1.0167 level before any new attempt to rise.

Expected trading range for today is between 1.1120 support and 1.1300 resistance.
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10-05-2016, 03:43 PM,
#3
The EURUSD pair attempted to break 1.1196 level yesterday but it managed to step above this level again, as it closed the daily candlestick above it, supported by stochastic positivity that appears on the four hours' time frame, which keeps our bullish overview valid until now, waiting to visit 1.1356 level initially.

Therefore, we are waiting for positive trading in the upcoming sessions, and breaching 1.1270 level will ease the mission of achieving the above mentioned target, reminding you that breaching 1.1356 level will lead the price to extend its gains towards 1.1615 as a next main station.

Expected trading range for today is between 1.1120 support and 1.1356 resistance.
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10-06-2016, 05:01 PM,
#4
The EURUSD pair keeps fluctuating around the EMA50 keeping its stability above the key support 1.1196, noticing that stochastic gets rid of its negativity that appeared on yesterday's evening to reach the thresholds of the oversold areas.

Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, which its targets begin at 1.1356 and extend to 1.1615 after breaching the previous level, reminding you that breaking 1.1196 level will push the price to test 1.1067 before any new positive attempt.

Expected trading range for today is between 1.1120 support and 1.1356 resistance.
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10-10-2016, 11:30 PM,
#5
The EURUSD pair ended last week trading at the key resistance 1.1196, which represents one of the next trend keys besides 1.1067 support, and as we mentioned in our recent reports, we are waiting to breach one of these levels to detect the next track clearly, which makes us continue with our neutrality until now.

Stochastic and the EMA50 are negative, which might push the price to decline in the upcoming sessions, while in general, we remind you that breaching 1.1196 level will reactivate the bullish trend scenario that its main targets begin at 1.1356 and extend to 1.1615, while breaking 1.1067 level will put the price under more correctional bearish pressure that targets 1.0938 level as a next main station.

Expected trading range for today is between 1.1067 support and 1.1300 resistance.
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10-11-2016, 11:06 PM,
#6
The EURUSD pair continues to decline to approach from the key support 1.1067, and as we mentioned this morning, this level represents one of the next trend keys besides 1.1196 resistance, thus, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.

For more details about the expected targets after the breach, please review our morning report.

Expected trading range for today is between 1.1000 support and 1.1265 resistance.

Expected trend for today: Depends on the above mentioned levels
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10-13-2016, 12:12 PM,
#7
The EURUSD pair settles below 1.1067 level, to keep the negative pressure valid on the intraday basis, waiting to visit 1.0938 level mainly, noting that stochastic positivity interprets the reasons of the current sideways fluctuation.

Therefore, we will continue to suggest the bearish trend in the upcoming sessions supported by the EMA50, unless breaching 1.1067 level and holding above it, which will lead the price to test the key resistance 1.1196 before detecting the next destination on the short term basis.

Expected trading range for today is between 1.0900 support and 1.1120 resistance.
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10-14-2016, 10:28 PM,
#8
The EURUSD pair resumed its negative trading after approaching from 1.1067 level, which supports the continuation of our bearish trend expectations efficiently for the rest of the day, reinforced by stochastic negativity that appears clearly on the four hours' time frame, waiting to test 1.0938 level mainly.

We remind you that holding below 1.1067 level represents key condition to continue the suggested decline, as breaching this level will push the price to achieve gains that start at 1.1196 initially.

Expected trading range for today is between 1.0900 support and 1.1120 resistance.
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10-17-2016, 02:39 PM,
#9
The EURUSD pair traded with clear negativity on last Friday to approach from our main waited target at 1.0938, which represents 61.8% Fibonacci correction level for the rise measured from 1.0519 to 1.1615, which means the breaking this level will extend the correctional bearish wave to reach 1.0778 direct.

In general, we will continue to suggest the bearish trend for today unless the price managed to breach 1.1067 level and holding above it, noting that the EMA50 forms continuous negative pressure to support the expected bearish bias for the upcoming period.

Expected trading range for today is between 1.0850 support and 1.1067 resistance.
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10-18-2016, 02:04 PM,
#10
The EURUSD pair trades with calm positivity approaching from retesting the key resistance 1.1067, which is met by the EMA50 to add more strength to it, accompanied by stochastic entering the overbought areas.

Therefore, these factors encourage us to keep our bearish overview for the upcoming period, and the first target is represented by testing 1.0938 level, reminding you that breaking this level will push the price towards 1.0778 direct, while we should take into consideration that breaching 1.1067 level will provide signals that the price got enough of the bearish correction to attempt to regain the main bullish trend.

Expected trading range for today is between 1.0900 support and 1.1100 resistance.
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10-19-2016, 03:34 PM,
#11
The EURUSD pair shows sideways and tight trading recently, noticing that the EMA50 continues to form negative pressure against the intraday trading, to support the chances of continuing the bearish bias and testing 1.0938 level in the upcoming sessions.

Therefore, we will keep our bearish overview valid for today unless breaching 1.1067 level and holding above it, reminding you that breaking 1.0938 level will extend the bearish wave to target 1.0778 level direct.

Expected trading range for today is between 1.0850 support and 1.1067 resistance.
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10-20-2016, 05:16 PM,
#12
The EURUSD pair trades with slight negativity to approach gradually from our main waited target at 1.0938, which represents 61.8% Fibonacci correction level for the entire rise measured from 1.0519 to 1.1615, which means that breaking it will extend the correctional bearish wave to target 1.0778 as a next main station.

Stochastic positivity interprets the reasons of the current sideways fluctuation, and it might push the price to test the EMA50 that continues to form negative pressure against the intraday trading.

In general, we will continue to suggest the bearish trend in the upcoming sessions as long as 1.1067 level remains intact, noting that breaching this level will provide the first positive key to attempt to regain the main bullish trend.

Expected trading range for today is between 1.0850 support and 1.1067 resistance.
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10-21-2016, 05:20 PM,
#13
The EURUSD pair broke 1.0938 level and closed the daily candlestick below it, which opens the way to extend the correctional bearish wave to target 1.0778 areas mainly, which puts the price under more negative pressure in the upcoming sessions.

Therefore, the bearish bias will be suggested on the intraday and short term basis supported by the EMA50, noting that breaching 1.0938 level and holding above it will stop the expected decline and lead the price for recovery attempts that target 1.1067 mainly.

Expected trading range for today is between 1.0778 support and 1.1000 resistance.
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10-26-2016, 06:40 PM,
#14
The EURUSD pair attempted to break the bearish flag pattern's support mentioned yesterday but it couldn’t manage to confirm the break, to fluctuate near 1.0900 barrier keeping its stability below it, noticing that stochastic returns to move near the overbought areas, starting to provide negative overlapping signal on the four hours' time frame, while the EMA50 continues to push negatively on the price.

Therefore, these factors encourage us to keep our bearish overview in the upcoming sessions, which targets testing 1.0778 level mainly, while the expected decline will remain valid unless breaching 1.0938 level and holding above it.

Expected trading range for today is between 1.0750 support and 1.0938 resistance.
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10-27-2016, 08:48 PM, (This post was last modified: 10-27-2016, 08:49 PM by ForexMart Supporter.)
#15
The EURUSD pair shows some slight bullish bias affected by stochastic approach from the oversold areas, to head towards new test to the key resistance 1.0938, which is met by the EMA50 to add more strength to it.

Therefore, our bearish overview will remain valid for today conditioned by the stability below 1.0938, reminding you that our main waited target at 1.0778.

Expected trading range for today is between 1.0750 support and 1.0938 resistance.



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EURUSD Market Analysis
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