EUR/USD Forecast: Euro is ready to take off again!

EURUSD 26th, May 2015

EUR/USD moved under 1.1450 resistance level, this pair seems to be ready for another short term uptrend.

I am expecting EUR/USD to test the next resistance around 1.1740, This might be fast and the pair should move in choppy way within this range (1.09151.1740) again.

As I mentioned before EUR/USD still has strong support at 1.0459 and it tested it once, I am still expecting another test to this support level.

The EUR/USD has the following major resistance and support levels:

  • RESISTANCE: 1.1740
  • SUPPORT: 1.0459

Breaking these levels in any direction will take us higher or lower.

My Daily SELL advice (30 pips stop-loss applied):

  • Buy at: 1.1350 – Take Profit 1.1550 (200 pips profits)
  • Buy at: 1.1250 – Take Profit 1.1450 (200 pips profits)
  • Buy at: 1.0940 – Take Profit 1.1040 (100 pips profits)

This signal is valid during trading week: 25th to 29th May, 2015

EUR/JPY Forecast: Buy on dips

EURJPY 19th May, 2015

EUR/JPY continued the rally to 136.97 and then fell hard after greece’s topic came up to the surface again. Currently testing its minor support around 133.90EUR/JPY still has a space to continue the suspended rally to test 137.75 or above. Personally, I think that sideline moves might conquer this pair for the next few hours. However, the moves will be very choppy so, take care from your entry points. The downtrend clouds are getting back too quickly, take care!

The EUR/JPY has the following major resistance and support levels:

  • RESISTANCE: 137.95
  • SUPPORT: 126.03

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (50 pips stop loss applied):

  • Sell: at 137.60 – Take profit 136.10 (150 pips profits)
  • Buy: at 132.50 – Take Profit 133.50 (100 pips profits)
  • Buy: at 134 – Take Profit 135.50 (150 pips profits)
  • Buy: at 133.5 – Take Profit 135 (150 pips profits)

This review is valid during trading week: 19th-22nd May, 2015

EUR/USD Forecast: Strong Euro will take a hit!

EURUSD 14th May, 2015

EUR/USD just touched 1.1447 resistance level, 3 pips away from my previous expectations. It was clear that correction is coming and this short term uptrend will last for a while. we can see support around 1.1290 and 1.0655.

I am expecting EUR/USD to keep on sideline moves in the next week with another attempt to test the next resistance around 1.1675, This will not be fast and the pair should move in choppy way within this range (1.12901.1675).

As I mentioned before EUR/USD still has strong support at 1.0459 and it tested it once, I am still expecting another test to this support level. Greece’s smoke is turned off for a while but, this topic is not closed. This topic will be the panic button for the euro buyers during 2015.

The EUR/USD has the following major resistance and support levels:

  • RESISTANCE: 1.1675
  • SUPPORT: 1.0459

Breaking these levels in any direction will take us higher or lower.

My Daily SELL advice (30 pips stop-loss applied):

  • Sell at: 1.1660 – Take Profit 1.1460 (200 pips profits)
  • Sell at: 1.1530 – Take Profit 1.1480 (50 pips profits)
  • Buy at: 1.1350 – Take Profit 1.1550 (200 pips profits)
  • Buy at: 1.1270 – Take Profit 1.1470 (200 pips profits)
  • Buy at: 1.0990 – Take Profit 1.1090 (100 pips profits)

This signal is valid during trading week: 14th to 19th May, 2015

EUR/JPY Forecast: Starting (May 2015) with potential rally to resistance

EURJPY 5th May, 2015

EUR/JPY Analysis

EUR/JPY had a rally to 135.40 (exactly as I expected in this post). EUR/JPY found 135.40 resistance hard to break and it fell hard again to test 133.10 level. Personally, I think that sideline moves will rule this pair for the next 48 hours from 133-135 and with the NFP on friday, we can see this pair giving a test to 137.30 resistance level. The downtrend clouds are still there so, watch out your steps as always.

The EUR/JPY has the following major resistance and support levels:

  • RESISTANCE: 137.30
  • SUPPORT: 126.03

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (50 pips stop loss applied):

  • Sell: at 137.10 – Take profit 136.10 (100 pips profits)
  • Buy: at 132.50 – Take Profit 133.50 (100 pips profits)
  • Buy: at 134 – Take Profit 135 (100 pips profits)
  • Buy: at 133.5 – Take Profit 135 (150 pips profits)

This review is valid during trading week: 4th-8th May, 2015

EUR/USD Forecast: Deceive moves

EURUSD 29th April, 2015

EUR/USD Analysis

EUR/USD is testing the resistance range 1.1050 right now after having a stable support around 1.0655. The limited uptrend is trying to deceive us by moving up like it is taking off however, I can not see any reason to buy Euro for long term and definitely it is not reversing the fundamental downtrend so, I’ll respect the short term uptrend by buying quickly and lock the profits quickly too. I am expecting EUR/USD to keep on sideline moves in the next week with attempt to test higher resistances around 1.1250 and 1.1450, I am interested to hunt the best short position during the next few weeks.

As I mentioned before EUR/USD still has a minor support at 1.0459 and it tested it once, I am still expecting another test to this support level. Greece’s smoke is lowered by a hope to find a way to end this dilemma.

Today, Fed meeting is not promising with any surprises, I am expecting the same language from the fed and a stress on a near rate hike (suggested June). They want to keep the market on this phase to the maximum time.

The EUR/USD has the following major resistance and support levels:

  • RESISTANCE: 1.1250
  • SUPPORT: 1.0459

Breaking these levels in any direction will take us higher or lower.

My Daily SELL advice (30 pips stop-loss applied):

  • Sell at: 1.1110 – Take Profit 1.1000 (90 pips profits)
  • Sell at: 1.1230 – Take Profit 1.1130 (100 pips profits)
  • Buy at: 1.0990 – Take Profit 1.1090 (100 pips profits)

This signal is valid during trading week: 29th-30th April and 1st May, 2015