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EURUSD Forecast:
The EURUSD has been consolidating in range area of 1.4450 – 1.4250 in the last two weeks. I am expecting a break on either side to see clearer direction. The bearish scenario was interrupted since the violation of the bearish channel (red channel) but the bullish momentum also still limited so far. For me, nothing is confirmed. While conservative traders may stand aside in this situation, aggressive traders still can use range trading strategy, which is to short around 1.4450 or to long around 1.4250 with only tight stop loss. Break above 1.4450 should confirm the bullish scenario at least testing 1.4600 – 1.4800 area this week while break below 1.4250 should trigger further bearish momentum re-testing 1.4170 – 1.4127 ...

[B]Bias: [/B] I feel the major risk is lower now but could be choppy

While momentum hasn't shown clearly defined bearish divergences at the 133.59 high I feel they are probably correct and thus I feel the larger risk is bearish. The only problem is that the anticipated decline could be quite erratic and choppy. A break below this morning's low at the 132.58 pivot support area should extend losses through 132.20 and 131.80 and into the
130.92-31 support area. Take care here as this could hold in an alternative bullish structure. Breach would maintain losses.

Please view the complete analysis in the attached PDF file.

For a full description of how to use the analysis please see the Analysis ...

Attached Files

• The Brief Daily Forecaster.pdf (25.1 KB, 117 次查看)

AUDUSD’s uptrend from 0.8734 extends further to as high as 0.9007 level. As long as 0.8900 support holds, we’d expect uptrend to continue and one more rise towards 0.9050 area is still possible later today. On the downside, the pair could possibly be forming a short term cycle top at 0.9007 level on 4-hour chart. Key support is located at 0.8900, a breakdown below this level will confirm the cycle top and indicate that the rise from 0.8734 has completed, then another fall towards 0.8734 could be seen.



Written by ForexCycle.com

The Eur/Usd is the worlds most traded pair and there is currently a great deal of speculation about the current condition and how will the Dollar perform vs. the Euro this year. Last year the pair had a wide range but in the end didn't really go anywhere. The Dollar began the year at 1.3938 and ended at 1.4331 the pair was down early and came back strong during the year only to lose most of the gains made during the year.

What is going to happen for the pair this year? Only time will tell but right now the Dollar has momentum and you cannot discount current momentum until things begin to change. There is a current article by Money and Markets that is thinking the Euro is going down.

Fundamental Data plays a big ...