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[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,3995. EUR USD is in a consolidation after the last bearish movement. The price is just above 1,3950 support. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,3950 (45 pips). The downtrend seems to be finished. The price has a good probability to go up. [/LEFT][INDENT][LEFT][B]Resistances[/B]1,4030 - 1,4100[B]Supports[/B]1,3950 - 1,3925[/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 ...

[B]Bias: [/B] The downside remains at risk - but take care at 154.66

This morning has seen losses to 154.87 and I see support at 154.66. Take care here. For any further decline we shall need a break of this support. If seen then look for extension lower towards 153.17-51. I suspect this support would hold. However, do also note the next support at 152.59. While I remain MT bearish I feel we shouldn't see direct aggressive losses below 153.17-51 probably and certainly not 152.59.

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. The prior day's set ups for potential trading levels highlighted ...

Attached Files

• The Brief Daily Forecaster.pdf (24.7 KB, 130 次查看)

The pair is looking like a bear flag. The resistance is 1.4029 and the support is 1.3929. I am looking for the pair to challenge the resistance level and break to the downside. I will enter short after the pair tests the 1.4029 resistance level and bounces down. With a target of 1.3929 after that my target to the downside will be 1.3884

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The chart pattern is telling me that the pair is a bear flag and the fundamentals are saying risk aversion is making the Dollar strong right now. There is an excellent article at Forex TV Blog about the fundamentals. So that is the reason for my views, however this is trading so I will not be entering any positions until the market gives me the ...

GBPUSD is moving to test 1.6187 support, a break below this level will signal deeper decline to 1.5950-1.6000 area. However, rebound could possibly be seen before breaking below 1.6187 level. Near term resistance is at 1.6370, and key resistance is located at 1.6430, rise above this level will indicate that a short term cycle bottom has been formed on 4-hour chart, then the following rebounds will take price to 1.6550 zone.



Daily Forex Forecast