EUR/USD Forecast January 3, 2012, Technical Analysis
วันพฤหัสบดีที่ 3 มกราคม พ.ศ. 2556
EUR/USD Forecast January 3, 2012, Technical Analysis
The EUR/USD pair shot straight up during the session on Wednesday as word got out that the U.S. Congress had come to an agreement involving the so-called “fiscal cliff” during New Year’s Day. Because of this, we think that this market should have gone much higher, but the fact that 1.33 has offered so much resistance does make is very curious. It is obvious that the 1.3150 level is massive support, and if we can get below the 1.31 handle we will have certainly broken below that significantly. A move to 1.29 would in fact be expected at that point time, and because of the candle shape, this pair looks very vulnerable all of the sudden.
EURUSD Forecast 3/1/2013 Daily
EURUSD 3/1/2013 D1
เทรนใหญ่ยังคงเป็นขาขึ้นอยู่ แต่ในช่วงวันสองวันนี้น่าจะลงมาพักตัว ใครจะ Sell กินสั้นๆก็ระวังด้วยนะครับ ภายในอาทิตย์นี้อาจจะขึ้นไปทดสอบ Hi เดิม
Euro (€) / US Dollar ($) (EUR/USD) Mid-Session Update for January 02, 2013
The EUR/USD surged after U.S. legislators agreed to pass a bill that helps the country avoid a so-called “fiscal cliff” fueled by tax hikes and spending cuts.
After finding early session support on an uptrending Gann angle at 1.3216, the market proceeded to cross over to the bullish side of downtrending Gann angles at 1.3228, 1.3268 and 1.3288. Additionally, the Euro also crossed to the bullish side of a short-term 50% price level at 1.3233.
Daily EUR/USD Chart
Despite the initial surge, the EUR/USD failed to garner enough upside momentum to take out the swing top at 1.3308. A move through this level would have meant a resumption of the uptrend. The inability to impress bullish traders may have been a sign that the early rally was short-covering rather than new buying.
The subsequent sell-off into the mid-session put the market on the bearish side of the 50% level at 1.3233. This was the first sign of weakness. The second sign of weakness was breaking back under the downtrending angle at 1.3228. Finally, breaking through the long-term uptrending angle at 1.3216 is a sign that sentiment may be turning. If the market goes through the swing bottom at 1.3158 with conviction, the trend will change to down.
Today’s dramatic reversal and change in trend to down suggest more downside pressure is likely. Based on the main range of 1.2876 to 1.3308, traders should watch for a break into 1.3092 to 1.3041 over the near-term.
EUR/USD Forecast January 2, 2013, Technical Analysis
The EUR/USD pair continued to bounce around in the relatively tight consolidation area that we’ve seen over the last couple of weeks. The 1.3150 level continues offer support, as the 1.33 level continues offer resistance. Going forward, we think that it will take a break above 1.33 or below 1.3150 to get any type of clarity in this market at all. Until then, we see this is a short-term scalper’s type of market that will do well for people playing the short-term charts. Once we get a significant break out though, we are willing to follow the market for an extended period of time.
EUR/USD Forecast January 2, 2013, Technical Analysis
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