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Chart Of The Day For July 28th ,2015 – EUR/USD

  • EUR/USD Technical Strategy: Flat
  • Support: 1.1047, 1.0955, 1.0899
  • Resistance:1.1121, 1.1195, 1.1287

The Euro broke above a falling trend line set from mid-June, hinting an upside reversal against the US Dollarmay be in progress. Near term resistance is at 1.1121, the 50% Fibonacci retracement, with a break above that on a daily closing basis exposing the 61.8% level at 1.1195. Alternatively, a move back below the 38.2% Fib at 1.1047 clears the way for a test of the 23.6% retracement at 1.0955.

Prices are wedged too closely between near-term support and resistance levels to justify taking a trade in line with our long-term outlook from a risk/reward perspective. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.

EUR/USD Technical Analysis: Down Trend Overturned?

Chart Of The Day For July 27th ,2015 – EUR/USD

By Ilya Spivak, EUR/USD Technical Strategy: Flat Support: 1.0955, 1.0894, 1.0816 Resistance:1.1016, 1.1092, 1.1139 The Euro is attempting a tepid recovery against the US Dollar after finding interim support above the 1.08 figure. A daily close above the 38.2% Fibonacci expansion at 1.1016 exposes the 23.6% level at 1.1092. Alternatively, a push below the 50% […]

Chart Of The Day For July 24th ,2015 – EUR/USD

By Ilya Spivak, EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1100, 1.1277, 1.1466 The Euro is attempting to overturn the near-term down trend in play since mid-June against the US Dollar.Near-term trend line resistance is at 1.1100, with a break above that on a daily closing basis exposing the June 29 high at 1.1277. […]

Chart Of The Day For July 23rd ,2015 – EUR/USD

By Ilya Spivak, EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1100, 1.1277, 1.1466 The Euro is attempting to overturn the near-term down trend in play since mid-June against the US Dollar.Near-term trend line resistance is at 1.1100, with a break above that on a daily closing basis exposing the June 29 high at 1.1277. […]

Chart Of The Day For July 22th ,2015 – EUR/USD

By Ilya Spivak, EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1100, 1.1277, 1.1466 The Euro is attempting to overturn the near-term down trend in play since mid-June against the US Dollar.Near-term trend line resistance is at 1.1100, with a break above that on a daily closing basis exposing the June 29 high at 1.1277. […]

Chart Of The Day For July 21th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1100, 1.1277, 1.1466 The Euro is attempting to overturn the near-term down trend in play since mid-June against the US Dollar.Near-term trend line resistance is at 1.1100, with a break above that on a daily closing basis exposing the June 29 high […]

Chart Of The Day For July 20th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1100, 1.1277, 1.1466 The Euro is attempting to overturn the near-term down trend in play since mid-June against the US Dollar.Near-term trend line resistance is at 1.1100, with a break above that on a daily closing basis exposing the June 29 high […]

Chart Of The Day For July 17th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1100, 1.1277, 1.1466 The Euro is attempting to overturn the near-term down trend in play since mid-June against the US Dollar.Near-term trend line resistance is at 1.1100, with a break above that on a daily closing basis exposing the June 29 high […]

Chart Of The Day For July 16th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1100, 1.1277, 1.1466 The Euro is attempting to overturn the near-term down trend in play since mid-June against the US Dollar.Near-term trend line resistance is at 1.1100, with a break above that on a daily closing basis exposing the June 29 high […]

Chart Of The Day For July 15th ,2015 – EUR/USD

By Ilya Spivak,   EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1100, 1.1277, 1.1466 The Euro is attempting to overturn the near-term down trend in play since mid-June against the US Dollar.Near-term trend line resistance is at 1.1100, with a break above that on a daily closing basis exposing the June 29 high at […]

Chart Of The Day For July 14th ,2015 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1100, 1.1277, 1.1466 The Euro is attempting to overturn the near-term down trend in play since mid-June against the US Dollar.Near-term trend line resistance is at 1.1100, with a break above that on a daily closing basis exposing the June 29 high at 1.1277. […]

Chart Of The Day For July 13th ,2015 – EUR/USD

By Ilya Spivak, EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1100, 1.1277, 1.1466 The Euro is attempting to overturn the near-term down trend in play since mid-June against the US Dollar.Near-term trend line resistance is at 1.1100, with a break above that on a daily closing basis exposing the June 29 high at 1.1277. […]

Chart Of The Day For July 10th ,2015 – EUR/USD

By Ilya Spivak, EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1100, 1.1277, 1.1466 The Euro is attempting to overturn the near-term down trend in play since mid-June against the US Dollar.Near-term trend line resistance is at 1.1100, with a break above that on a daily closing basis exposing the June 29 high at 1.1277. […]

Chart Of The Day For July 9th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1078, 1.1277, 1.1466 The Euro continues to consolidate near the 1.10 figure against the US Dollar after testing the lowest level in a month. A daily close below the 1.0968-1.10 area (horizontal pivot, 23.6% Fibonacci expansion) exposes the May 27 low at […]

Chart Of The Day For July 8th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1067, 1.1277, 1.1466 The Euro is digesting losses against the US Dollar having broken below a trend line guiding the move higher since mid-April. Near-term support is in the 1.0968-1.10 area (horizontal pivot, 23.6% Fibonacci expansion), with a break below that on […]

Chart Of The Day For July 7th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1056, 1.1277, 1.1466 The Euro rose to erase some of its weekly open gap but failed to reclaim a foothold above a trend line set from mid-April against the US Dollar. A daily close below the 1.0968-1.10 area (horizontal pivot, 23.6% Fibonacci […]

Chart Of The Day For July 6th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1051, 1.1277, 1.1466 The Euro gapped below trend line support set from mid-April against the US Dollar but breakout confirmation is pending for now. Near-term support is in the 1.0968-1.10 area (horizontal pivot, 23.6% Fibonacci expansion), with a break below that on […]

Chart Of The Day For July 2nd ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0964, 1.0818, 1.0682 Resistance:1.1054, 1.1127, 1.1199 The Euro is facing renewed downward pressure after soaring to close the weekly opening gap against the US Dollar. Near-term support is at 1.0964, the 76.4% Fibonacci retracement, with a break below that on a daily closing basis exposing […]

Chart Of The Day For July 1st ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1127, 1.1054, 1.0964 Resistance:1.1199, 1.1290, 1.1345 The Euro returned to levels prevailing before the sharp gap and subsequent upswing at the open of the trading week. A daily close below the 50% Fibonacci retracementat 1.1127 exposes the 61.8% level at 1.1035. Alternatively, a turn above […]

Chart Of The Day For June 30th ,2015 – EUR/USD

By Ilya Spivak, Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1188, 1.1098, 1.1043 Resistance:1.1261, 1.1334, 1.1424 The Euro gapped sharply lower against the US Dollarbut a swift intraday recovery brought prices back above the 1.12 figure. Near-term resistance is at 1.1261, the 50% Fibonacci expansion, with a break above that on a daily closing basis […]

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