GIGFX Technical Analysis Report For Majors (Updated Daily) - page 17
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EUR/USD
As was expected yesterday that, the EUR/USD pair fell down broking the support level 1.4190 which represents 50% Fibonacci retracement correction level for the last medium-term bullish wave reaching the level 1.4105 which represents 61.8% from the same previous mentioned Fibonacci retracement correction levels expecting for it to continue declining during the intraday trades targeting the support level 1.4003 which coincides with 76.4% from the same previous mentioned Fibonacci retracement correction levels but it must continue trading below the level 1.4105.
This scenario depends on the stability of the resistance level 1.4190.
Res: 1.4276 1.4463 1.4556
Pivot: 1.4183
Sup: 1.3996 1.3903 1.3716
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EUR/USD
The EUR/USD pair rose up violently during the previous week trades after testing the bearish channel's lower border which the price was moving inside it fast and violent which led on breaking the level 1.4270 which represents 38.2% Fibonacci retracement correction level for the last medium-term bullish wave and also coincides with the bearish channel's top border which led on getting out the pair from this channel expecting for it a further rise during the intraday trades which supports this view is opening the pair a price gap up which declined during the Asian trades till now to close this price gap, and it had already succeeded on closing it and reflecting up testing the resistance level 1.4357 which represents 23.6% from the same previous mentioned Fibonacci retracement correction levels, which if it succeeded on breaking this level and closed a good close above it so the pair will reach the resistance level 1.4445.
This scenario depends on the stability of the support level 1.4270.
Res: 1.4371 1.4454 1.4611
Pivot: 1.4214
Sup: 1.4131 1.3974 1.3891
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EUR/USD
The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, sometimes it seems up strongly and sometimes it seems down strongly and also under the weight of conflicting data which comes out of the biggest economic powers in the world, technically the pair came again to trade inside the short-term and the intraday levels bearish channel to make the expectations on continuing the bearish scenario but not before retesting the resistance level 1.4270 which represents 38.2% Fibonacci retracement correction level for the last medium-term bullish wave and it also coincides with the channel's top border if this level is stabile against testing the price for it so the pair will decline targeting the support level 1.4105 which represents 61.8% from Fibonacci retracement correction levels.
Res: 1.4362 1.4546 1.4663
Pivot: 1.4245
Sup: 1.4061 1.3944 1.3760
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EUR/USD
The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, sometimes it seems up strongly and sometimes it seems down strongly and also under the weight of conflicting data which comes out of the biggest economic powers in the world, technically the price is moving within the forming (Gartley) harmonic pattern whereas it is forming now the last CD wave which is supposed to target the resistance level 1.4500 so it's expected that the pair will rise up during the intraday trades targeting the resistance level 1.4500 which at it the harmonic pattern will be formed but it's not recommended to the traders to enter any purchasing process based on this pattern, but only in case of breaking the resistance level 1.4430 which represents the pattern's B point.
Res: 1.4449 1.4524 1.4673
Pivot: 1.4300
Sup: 1.4225 1.4076 1.4001
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EUR/USD
The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, sometimes it seems up strongly and sometimes it seems down strongly and also under the weight of conflicting data which comes out of the biggest economic powers in the world, which gives the expectations on continuing this volatility case during the intraday trades, the price declined yesterday reaching the support level 1.4170 which represents 23.6% Fibonacci retracement correction level for the last short-term bearish wave and it was unable to close below it then it formed a reversal candle which pushed the price up testing the resistance level 1.4240 now, if the pair is able to close a good close above this level so it will target the resistance level 1.4350 which represents 61.8 from the same previous mentioned Fibonacci retracement correction levels.
This scenario depends on the stability of the support level 1.4170.
Res: 1.4330 1.4484 1.4568
Pivot: 1.4246
Sup: 1.4092 1.4008 1.3854
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EUR/USD
The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, and also under the weight of conflicting data which comes out of the biggest economic power in the world between the resistance level 1.45370 which represents 23.6% Fibonacci retracement correction level for the last medium-term bullish wave and the support level 1.4100 which represents 61.8% from the same previous mentioned Fibonacci retracement correction level, if the pair break one of these levels so the short and medium-terms breaking direction will be confirmed.
Today's expectations; volatility will be continued, the pair tried yesterday to achieve some gains ended by the intraday trades beginning whereas the pair is trying to decline targeting the support level 1.4100 again.
Res: 1.4320 1.4399 1.4507
Pivot: 1.4212
Sup: 1.4133 1.4025 1.3946
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EUR/USD
The EUR/USD pair short-term and intraday levels movement is characterized by strong volatility between rising and declining, and also under the weight of conflicting data which comes out of the biggest economic power in the world between the resistance level 1.4370 which represents 23.6% Fibonacci retracement correction level for the last medium-term bullish wave and the support level 1.4100 which represents 61.8% for the same previous mentioned Fibonacci retracement correction level, if the pair break one of these levels so the short and medium-terms breaking direction will be confirmed.
As was expected previously, the price tested the support level 1.4100 and was pushed up from it, it's expected that this oscillation will be continued during the intraday levels and rising the pair up targeting the resistance level 1.4370.
Res: 1.4311 1.4371 1.4451
Pivot: 1.4231
Sup: 1.4171 1.4091 1.4031
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EUR/USD
As was expected the EUR/USD pair fell previously to reach the support level 1.4140 trying to break this level during the current trades, as if the pair succeeded to close below this level it will target 1.4055 support level, but if the pair could not trade below 1.4140 it will rise in order to retest the nearest resistance levels such as 1.4228 then 1.4314.
Res: 1.4261 1.4326 1.4365
Pivot: 1.4222
Sup: 1.4157 1.4118 1.4053
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EUR/USD
The EUR/USD pair continued its falling as was expected to reach the support level 1.4055 during the current trades; which was mentioned through the previous report, as if the pair tends to continue that bearish direction it must break 1.4055 support to target then 1.3925 support level, with a good chance to rise back in order to retest the resistance level 1.4170, but in case the pair tends to rise it must break the mentioned resistance with a good close above it to target then the resistance level 1.4300.
Res: 1.4159 1.4222 1.4271
Pivot: 1.4110
Sup: 1.4047 1.3998 1.3935
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EUR/USD
The EUR/USD pair continued its falling as was expected although the volatility of its prices fallowing the Swiss central bank statement that pushed the pair to reach 1.4285 price forming a top at this level that pushed the pair to fall reaching 1.3973 level forming a bottom at it, during this movement the pair was able to form a medium bearish channel leading the expectations during the upcoming trades that the pair might face the resistance level s 1.4105 then 1.4170, which may coincide with facing the channel top line, that will push the pair to fall with the stability of the mentioned resistances to retest the support level 1.3973, but if the pair was able to pass the mentioned resistances it will rise to target Initially the resistance level 1.4285.
Res: 1.4192 1.4387 1.4497
Pivot: 1.4082
Sup: 1.3887 1.3777 1.3582
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