Today is Tue, September 30, 2014 13:48:30 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Forex Chart of the Day

Chart Of The Day For September 30th,2014-EUR/USD

  • EUR/USD Technical Strategy: Short at1.3644
  • Support: 1.2659, 1.2602, 1.2532
  • Resistance:1.2760, 1.2813, 1.2900

The Euro marked time to digest losses after four consecutive days of selling against the US Dollar. Near-term support is in the 1.2659-73 area, marked by the November 2012 low and the 38.2% Fibonacci expansion. A break below that on a daily closing basis exposes the 50% level at 1.2602. Alternatively, a move above the 1.2754-60 zone bracketed by the July 2013 bottom and the 23.6% Fib opens the door for a test of the 14.6% Fib at 1.2813.

We entered short EURUSD at 1.3644 in line with our long-term fundamental outlook and have sincebooked profit on half of the position. The rest remains open to capture any further downside momentumwith a stop-loss at 1.3583, our initial objective.

EUR/USD Technical Analysis: 4-Day Losing Streak Broken

 

Chart Of The Day For September 29th,2014-EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2659, 1.2602, 1.2532 Resistance:1.2760, 1.2813, 1.2900 The Euro continues to face heavy selling pressure, with prices now approaching the weakest levels in close to two years against the US Dollar. A daily close below the 1.2659-73 area marked by the November 2012 low and the 38.2% Fibonacci expansion exposes the 50% level […]

Chart Of The Day For September 26th,2014-EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2754, 1.2673, 1.2602 Resistance:1.2813, 1.2900, 1.2994 The Euro raced downward to tag a 14-month low against the US Dollar, losing its foothold above the 1.28 figure. Near-term support is in the 1.2754-60 area marked by the July 2013 low and the 38.2% Fibonacci expansion. A break below that on a daily closing […]

Chart Of The Day For September 25th,2014-EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2754, 1.2673, 1.2602 Resistance:1.2813, 1.2900, 1.2994  The Euro raced downward to tag a 14-month low against the US Dollar, losing its foothold above the 1.28 figure. Near-term support is in the 1.2754-60 area marked by the July 2013 low and the 38.2% Fibonacci expansion. A break below that on a daily closing […]

Chart Of The Day For September 24th,2014-EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2783, 1.2718, 1.2653 Resistance:1.2864, 1.2913, 1.2994 The Euro looks vulnerable to continued selling against the US Dollar, with prices poised to test below the 1.28 figure. A daily close below the 38.2% Fibonacci expansionat 1.2783 exposes the 50% level at 1.2718. Alternatively, reversal above the 23.6% Fib at 1.2864 opens the door […]

Chart Of The Day For September 23th,2014-EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2783, 1.2718, 1.2653 Resistance:1.2864, 1.2913, 1.2994 The Euro slid to the lowest level in nearly 15 months against the US Dollar, with sellers now aiming below the 1.28 figure. Near-term support is at 1.2783, the 38.2% Fibonacci expansion, with a break beneath that on a daily closing basis exposing the 50% level […]

Chart Of The Day For September 22nd,2014 -EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2858, 1.2796, 1.2673 Resistance:1.2951, 1.2994, 1.3074 The Euro may correct higher against the US Dollar after forming a bullish Piercing Line candle pattern coupled with positive RSI divergence. A daily close above trend line resistance at 1.2951 exposes the September 16 high at 1.2994. Alternatively, reversal below above the 1.2858-71 area marked by […]

Chart Of The Day For September 19th,2014-EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2858, 1.2796, 1.2673 Resistance:1.2951, 1.2994, 1.3074 The Euro may correct higher against the US Dollar after forming a bullish Piercing Line candle pattern coupled with positive RSI divergence. A daily close above trend line resistance at 1.2951 exposes the September 16 high at 1.2994. Alternatively, reversal below above the 1.2858-71 area marked by […]

Chart Of The Day For September 18th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2858, 1.2796, 1.2673 Resistance:1.2994, 1.3081, 1.3159 The Euro turned sharply lower against the US Dollar once again in the aftermath of the FOMC monetary policy announcement. Near-term support is in the 1.2858-71 area, marked by the September 9 low and the 14.6% Fibonacci expansion. A daily close below that exposes the 23.6% level at 1.2796. Alternatively, […]

Chart Of The Day For September 17,2014-EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2864, 1.2794, 1.2708 Resistance:1.2981, 1.3057, 1.3104 The Euro is edging higher against the US Dollar as expected after producing a bullish Piercing Line candlestick pattern. A daily close above the 14.6% Fibonacci retracementat 1.2981 exposes the 23.6% level at 1.3057. Alternatively, a turn below the 50% Fib expansion at 1.2864 opens the door for a test […]

Chart Of The Day For September 16th,2014-EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2864, 1.2794, 1.2708 Resistance:1.2981, 1.3057, 1.3104 The Euro may be preparing to correct higher against the US Dollar after prices completed a bullish Piercing Line candlestick pattern. Near-term resistance is at 1.2981, the 14.6% Fibonacci retracement, with a break above that on a daily closing basis exposing the 23.6% level at 1.3057. Alternatively, a […]

Chart Of The Day For September 15th,2014-EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2864, 1.2794, 1.2708 Resistance:1.2981, 1.3057, 1.3104  The Euro may be carving out a near-term bottom against the US Dollar after producing a bullish Piercing Line candlestick pattern. A daily close above the 14.6% Fibonacci retracementat 1.2981 exposes the 23.6% level at 1.3057. Alternatively, a turn below the 50% Fib expansion at 1.2864 opens the […]

Chart Of The Day For September 12th ,2014- EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2864, 1.2794, 1.2708 Resistance:1.2981, 1.3057, 1.3104 The Euro may be preparing to correct higher against the US Dollar after prices completed a bullish Piercing Line candlestick pattern. Near-term resistance is at 1.2981, the 14.6% Fibonacci retracement, with a break above that on a daily closing basis exposing the 23.6% level at 1.3057. Alternatively, a […]

Chart Of The Day For September 11th ,2014 -EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2864, 1.2794, 1.2708 Resistance:1.2981, 1.3057, 1.3104 The Euro may be carving out a near-term bottom against the US Dollar after producing a bullish Piercing Line candlestick pattern. A daily close above the 14.6% Fibonacci retracementat 1.2981 exposes the 23.6% level at 1.3057. Alternatively, a turn below the 50% Fib expansion at 1.2864 opens the […]

Chart Of The Day For September 10th ,2014 -EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2864, 1.2794, 1.2708 Resistance:1.2981, 1.3057, 1.3104 The Euro may be preparing to correct higher against the US Dollar after prices completed a bullish Piercing Line candlestick pattern. Near-term resistance is at 1.2981, the 14.6% Fibonacci retracement, with a break above that on a daily closing basis exposing the 23.6% level at 1.3057. Alternatively, a […]

Chart Of The Day For September 9th ,2014-EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2864, 1.2794, 1.2708 Resistance:1.2933, 1.3020, 1.3073 The Euro resumed its move lower against the US Dollar after a brief pause, sinking to a 14-month low. A daily close below the 50% Fibonacci expansion at 1.2864 exposes the 61.8% level at 1.2794. Alternatively, a turn above the 38.2% Fib at 1.2933 opens the door for […]

Chart Of The Day For September 8th,2014 -EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2933, 1.2864, 1.2794 Resistance:1.3020, 1.3073, 1.3104  The Euro is in digestion mode after plummeting below the 1.30 figure against the US Dollar for the first time in over a year. Near-term support is at 1.2933, the 38.2% Fibonacci expansion, with a break below that on a daily closing basis exposing the 50% level at […]

Chart Of The Day For September 5th,2014 -EUR/USD

EUR/USD Technical Strategy: Short at1.3644 Support: 1.2933, 1.2864, 1.2794 Resistance:1.3020, 1.3073, 1.3104  The Euro slumped sharply lower against the US Dollar, with prices dropping below the 1.30 figure the first time in 14 months. A daily close below the 38.2% Fibonacci expansion at 1.2933 exposes the 50% level at 1.2864. Alternatively, a turn above the intersection of the 23.6% Fib and […]

Chart Of The Day For September 4th ,2014 -EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.3104, 1.3064, 1.3001 Resistance:1.3151, 1.3204, 1.3248 The Euro may be setting up for a rebound against the US Dollar as positive RSI divergence warns of ebbing bearish momentum. Near-term resistance is at 1.3151, the 76.4% Fibonacci expansion, with a break above that on a daily closing basis exposing the 61.8% level at 1.3204. Alternatively, […]

Chart Of The Day For September 3rd ,2014 -EUR/USD

By Ilya Spivak, EUR/USD Technical Strategy: Short at1.3644 Support: 1.3104, 1.3064, 1.3007 Resistance:1.3151, 1.3204, 1.3248 The Euro decline against the US Dollar has paused for a respite after prices sank to the lowest level in a year. A daily close belowthe September 2013 swing low at 1.3104 exposes the 100% Fibonacci expansion at 1.3064. Alternatively, a turn above the 76.4% Fib at 1.3151opens the door for a […]

Complete Calendar
ArabicChinese (Simplified)EnglishGermanItalianJapaneseRussianSpanish