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EURUSD to Retrace back to Monthly Lows

Jignesh Przesłano 30 Cze jako Analiza EUR/USD, Cel: 1.0768, Data: 3 z Sierpień, 12:00 GMT  w #Technical analysis #EUR/USD
Overview
The EURUSD seems to have carved out a bit of a bottom in early March after hitting lows of 1.0463. So far, we've seen a bullish leg up in the pair, which has taken it to highs of 1.1467 in Mid May at which point the pair has struggled to make new highs.
The Daily Wave count in the pair signals that a more significant pull back can occur from these levels, and the outlook for the month is that the pair continues lower towards it's monthly support area before once again turning bullish.
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Jignesh 6 Lip

The pair has gapped down over the weekend, but to start the week, we have seen the bulls try to get a rally going.  So far the 1H channel is holding the price to the downside, and the expectation is for the area to contain price throughout the week.

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Jignesh 22 Lip

The pair seems to be following the proposed path in Figure 3 quite nicely.  The fib level outline in the analysis at 1.0846 was overshot, but we have seen a decent pullback from that level.  On the daily charts we have seen a bullish engulfing candle after two consecutive doji's which leads the believe that the upside correction may not be completed as of yet.  A break of 1.0815 will now be required to resume the downtrend.  On the upside, looking for Daily resistance as outlined above at 1.1007 to catch sellers to cap any bullish moves

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Jignesh 23 Lip

This is the updated wave count on EURUSD.  It shows a structure from B highs 1.1277 has been completed, as an abc correction which marks wave w.  This next bullish move should continue to test a retracement from B highs before continuing lower.  So far we've seen intraday rejection at the 1.1007 resistance marked in this analysis, however the wave count on smaller TF's indicate a pullback is possible but the level will not likely hold the upside.

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Jignesh 28 Lip

We've seen the 1.1007 resistance level being taken out as the pair continues to retrace in wave x.  The chart below shows the current view, which indicates a potential completion area for wave x is at the 76.4% fib level at 1.1170 as it has already taken out the 61.8 fib at 1.1103.  Expecting this area to be hit later today to complete wave x, and the down trend to once again resume.

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Jignesh 30 Lip

We've seen some strong bearish momentum in the pair within the last 24 hours after a hawkish FOMC statement.  The pair today reached as low as 1.0892 before turning.  It is assumed as this point that the x wave is in place.  Anticipating a bit of pull back tommorow before once again turning bearish.  It is unlikely that the targets will be met by the target date, but it looks like the pair is still heading to the same area, taking longer in time to get there.

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EURUSD To find support at it's 200 Monthly MA

Jignesh Przesłano 30 Wrz jako Analiza EUR/USD, Cel: 1.2410, Data: 3 z Listopad, 12:00 GMT  w #Technical analysis #Eurusd #Support #Bearish #EUR/USD #Downtrend #Moving Average
Overview
The EURUSD has been on a steady decline as the monetary policies of the ECB & FED continue to diverge.
The pair has recently taken out a major support level, and looks to continue on it's path lower.
Levels
1.2800 - 61.8% Retracment on Daily and Weekly resistance level (Breached)
1.2410 - 127% Extension on Daily (1.2746 - 1.3993)
1.2207 - Monthly 200 Moving Average
Figure 1 - EURUSD Weekly - Showing the 61.8% and previous support as indicated by eclipse which has now been breached
Figu…
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Jignesh 24 Paź

EURUSD has made another leg lower this week, however is catching support at the 61.8% retrace of the last leg up and 4H channel formation.  A break of this level will be critical to prevent a double correction to the upside.

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Jignesh 27 Paź

The pressure to the downside just has not been there without any significant risk events, up until now.  This week there are two events that will have a high impact.  First the FOMC, and second a CPI reading from the Euro zone.  Both seem to favor a downside move for EURUSD, but breaking the 1.2500 support level may prove to be a challenge

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Jignesh 3 Lis

The FOMC had a bullish impact on the USD sending the pair lower to retest 1.2500
To start the week off, the pair has already broken the 1.2500 support level early in the Asia session as the EURO Bears are in full effect.  At the time of writing, we are trading at 1.2560 with about 10 hours to go for another 50 pips to reach targets.

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Jignesh 4 Lis

In the last comment, that should have read 1.2460 not 1.2560..  The pair did not manage to make another low, rather turned bullish since the last update.  The leg that broke 2500 was on low liquidity which may be the reason for the move.  Either way, the targets were not achieved, although I'm content with how close it came.

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Jignesh 4 Lis

Looking at the Fib levels drawn in Figure 3, The tool was drawn using the absolute high.  If it were drawn to the bodies ignoring the absolutely peak (as it should have), it would have accurately predicted the very low, and the area where buyers stepped in.  (1.2440).  Not where it closed, but in review, I noticed the error.

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EUR/USD - Bear trend pull back

Jignesh Przesłano 7 Luty jako Analiza EUR/USD, Cel: 1.3490, Data: 1 z Kwiecień, 12:00 GMT  w #Technical analysis #EUR/USD
EUR/USD has been trending downwards since the beginning of the year. I expect the interm bear trend to finish in about two weeks. The downtrend looks like a correction of the larger uptrend. The smaller waves tell us this can be a ABC correction.
I expect either one of two scenarios. One is a push down to 1.3290-1.33 where there is strong resistance, and then retracement back to the 1.3490 level. Or a push down to 1.3155 - which has a lot of support and my interm target for the pair, after…
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