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[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,4308. EUR USD is in a range between 1,4265 and 1,4375. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. [/LEFT][INDENT][LEFT][B]Resistances[/B]1,4320 - 1,4375[B]Supports[/B]1,4265 - 1,4200[/LEFT][/INDENT][LEFT]more information on [URL="http://www.mataf.net/en/forex/eurusd"]EUR/USD - Euro Dollar [B]Click Here[/B][/URL][/LEFT][CENTER][IMG]http://www.mataf.net/section/devises/page/images/eurusd.png[/IMG][/CENTER]Mataf.net : [URL="http://www.mataf.net/en/forex/analysis"]technical analysis[/URL], ...

[B]Bias: [/B] I look for losses to the 1.6230-57 area before turning higher

As I has expected, the main direction was lower even though the decline was not quite as anticipated. This should follow-through early today into the 1.6230-57 support. Here I would expect a reaction higher. Any surprise break below 1.6214-30 would open the risk of even deeper losses that would then extend below 1.6200 and 1.6156 to the 1.6101 area at least. Again, take care here as this represents another potential reversal point. Also note the deeper support at 1.6013.

Please view the complete analysis in the attached PDF file.

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

Attached Files

• The Brief Daily Forecaster.pdf (23.1 KB, 103 次查看)

GBPUSD breaks below 1.6375 key support, suggesting that a short term cycle top has been formed at 1.6623 level on 4-hour chart. Now the fall from 1.6623 is treated as resumption of downtrend. Deeper decline is expected to test 1.6275 previous low support, a break down below this level will signal further fall towards 1.6000 zone. Near term resistance is at 1.6445, as long as this level holds, downtrend from 1.6623 will continue.



Daily Forex Signals

When is a head and shoulders really a head and shoulders and when is it not one? There is a good example in current price action of one key point to take notice of when you see head and shoulder patterns on your charts.

http://www.youtube.com/watch?v=m69Bdqblu-8

Good Hunting,

Seth Gregory
www.fxdailytrades.com
www.forexactivetrader.com