EURUSD Market Analysis


11302016, 11:05 PM,
The EURUSD pair hovers around the EMA50 since morning settling around 1.0645, to keep trading stuck between the trend confirmation levels represented by 1.0519 support and 1.0685 resistance, which keeps our neutrality valid until now, waiting to surpass one of these levels to detect the next targets clearly. We remind you that breaching the mentioned resistance will push the price to target areas that start at 1.0778 and extend to 1.0938 on the short term basis, while breaking the support will push the price to head towards 1.0326 direct. Expected trading range for today is between 1.0500 support and 1.0778 resistance. 


12012016, 08:48 PM,
The EURUSD pair shows slight positive attempts since morning to test the EMA50, while the price remains confined between the critical levels that represented by 1.0519 support and 1.0685 resistance, waiting for breaching one of them to detect the next trend clearly. Therefore, our neutral attitude will remain valid until now until getting clearer signal for the next trend, to recognize the details of the expected targets from the breach. Expected trading range for today is between 1.0500 support and 1.0700 resistance. 


12022016, 08:32 PM,
The EURUSD pair tested 1.0685 level this morning and bounced bearishly from there, to fluctuate around the EMA50 again, as the price is affected by stochastic negativity, to keep trading stuck between the trend confirmation levels represented by 1.0519 support and 1.0685 resistance, thus, our neutrality will remain valid until the price manages to breach one of these levels. Being aware that it is important to be careful from the upcoming trading, as the markets await the US unemployment and nonfarm payrolls data, which might cause mixed trading and high volatility for the currencies' pair. Expected trading range for today is between 1.0519 support and 1.0778 resistance. 


12052016, 08:46 PM,
The EURUSD pair bounced upwards strongly after testing 1.0519 level this morning, to settle around the EMA50 and remain confined between the key levels represented by the mentioned support and 1.0685 resistance, which keeps our neutrality valid until now, waiting to breach one of these levels to detect the next destination clearly. Expected trading range for today is between 1.0420 support and 1.0685 resistance. 


12062016, 04:27 PM,
(This post was last modified: 12062016, 04:31 PM by ForexMart Supporter.)
The EURUSD pair continued its bullish rally strongly yesterday to touch the first waited positive target at 1.0778 after confirming breaching 1.0685 level, activating the bullish trend scenario on the intraday and short term basis, waiting to breach 1.0778 level to open the way to extend the pair's gains towards 1.0938 as a next main station. Therefore, the bullish trend will be suggested in the upcoming sessions supported by the EMA50, conditioned by the price stability above 1.0685 level, noting that the EMA50 provides good support to the suggested bullish wave. Expected trading range for today is between 1.0685 support and 1.0900 resistance. 


12082016, 03:31 PM,
The EURUSD pair continued its positive trading that started after approaching from 1.0685 level, to touch 1.0778 level now and begin the attempts to breach this level, which supports the continuation of the bullish trend scenario efficiently in the upcoming period, reinforced by the EMA50 that carries the price from below. Therefore, we believe that the chances are valid to breach the mentioned resistance followed by opening the way to head towards our next target at 1.0938, reminding you that it is important to hold above 1.0685 to continue the suggested positive scenario. Expected trading range for today is between 1.0700 support and 1.0900 resistance. 


12092016, 04:48 PM,
The EURUSD pair ended yesterday's trading below 1.0685 level after the strong decline that appeared after the ECB president's statement, which puts the price inside the sideways range that its signs appear on chart, which its lines represented by 1.0519 support and 1.0685 resistance. Therefore, we expect to witness sideways trading in the upcoming sessions until the price manages to breach one of the above mentioned levels, noting that breaking 1.0519 level will push the price to suffer more losses that will target 1.0326 as next main station, while breaching 1.0685 will lead the price to attempt to recover again, to start the positive targets at 1.0778 and extend to 1.0938. Expected trading range for today is between 1.0500 support and 1.0720 resistance. 


12122016, 04:13 PM,
The EURUSD pair traded with clear negativity in last Friday, to reach the sideways range support that appears in the above chart at 1.0519, showing bullish rebound signals now that signals that the way in its way to visit the resistance of this range that located at 1.0685, supported by stochastic positivity. In general, the sideways bias will remain the dominant on the intraday trading until it manage to breach one of the above mentioned levels, reminding you that breaking 1.0519 level will push the price to suffer more of the losses that its next target reach to 1.0326, while breaching 1.0685 represents the first key for the recovery trip that its main targets begin at 1.0778 and extend to 1.0938. Expected trading range for today is between 1.0430 support and 1.0685 resistance. 


12132016, 08:47 PM,
The EURUSD pair shows some slight bearish bias now after facing solid resistance formed by the EMA50, besides the affection of stochastic negativity, to stay inside the sideways range that its lines represented by 1.0519 support and 1.0685 resistance, and we are still waiting to breach one of these levels to detect the next destination clearly. We remind you that breaching the resistance will lead the price for attempts to achieve gains that start at 1.0778 and extend to 1.0938 mainly, while breaking the support represents negative factor that will push the price to visit 1.0326 areas on the near term basis. Expected trading range for today is between 1.0519 support and 1.0750 resistance. 


12142016, 11:00 PM,
The EURUSD pair did not show any strong move since morning, to continue moving around the EMA50, thus, no change on the sideways move scenario that confines trading between 1.0519 support and 1.0685 resistance, waiting to breach one of these levels to detect the next destination clearly. Expected trading range for today is between 1.0519 support and 1.0750 resistance. 


12152016, 08:56 PM,
The EURUSD pair resumes its negative trading after confirming the stability below 1.0519, which supports the continuation of our bearish trend expectations efficiently for the upcoming period, and the way is open to head towards our main target at 1.0326. Therefore, we will be waiting for more decline for the rest of the day unless the price managed to breach 1.0519 level and hold above it again. Expected trading range for today is between 1.0400 support and 1.0600 resistance. 


12162016, 09:07 PM,
The EURUSD pair shows positive trading since morning to fluctuate around 1.0450 now, noticing that stochastic loses its positive momentum clearly approaching from the overbought areas, which supports the chances of continuing the expected bearish trend for today, which depends on the stability below 1.0519, reminding you that we are waiting for more negative trading that its next main target located at 1.0280. Expected trading range for today is between 1.0300 support and 1.0519 resistance. 


12192016, 10:01 PM,
The EURUSD pair continues to fluctuate within sideways track settling around 1.0450 level, and as long as the price is below 1.0519, the bearish trend scenario will remain valid and active for today, supported by the EMA50 and stochastic negativity, waiting to rebound bearishly to attack 1.0326 level followed by opening the way to test the bearish channel's support at 1.0275. Expected trading range for today is between 1.0326 support and 1.0519 resistance. 


12202016, 09:47 PM,
The EURUSD pair keeps pushing negatively clearly to break 1.0400 barrier and settles below it, which supports the continuation of the bearish trend scenario efficiently in the upcoming period, opening the way to head towards our first main target at 1.0326, which breaking it represents the key to extend the bearish wave towards 1.0255. Therefore, we will keep our bearish overview for the rest of the day supported by the EMA50, unless breaching 1.0519 level and holding above it. Expected trading range for today is between 1.0300 support and 1.0500 resistance. 


12212016, 10:42 PM,
The EURUSD pair shows slight negative trading to move below 1.0400 level now, while stochastic begins to overlaps negatively on the four hours time frame, which supports the continuation of our bearish trend expectations efficiently for today, and its main targets begin at 1.0326 and extend to 1.0240 after breaking the previous level, reminding you that the continuation of the bearish trend depends on the stability below 1.0519 level. Expected trading range for today is between 1.0300 support and 1.0500 resistance. 
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