The price is ranging between 1.3707 support and 1.3966 resistance with primary bullish market condition for D1 timeframe. As to W1 timeframe so the price is trying to break 1.3914 resistance level for primary bullish to be continuing.
If D1 price will break 1.3966 resistance on close bar together with new W1 bar to be opened above 1.3914 so we may see good bullish trend to be continuing (good for buy trade).If not so we will see the ranging market condition within primary bullish on D1.
UPCOMING EVENTS (high/medium impacted news events which may be affected on EURUSD price movement for this coming week)
2013-03-17 10:00 GMT (or 11:00 MQ MT5 time) | [EUR - CPI]
2013-03-18 10:00 GMT (or 11:00 MQ MT5 time) | [EUR - German ZEW Economic Sentiment]
2013-03-18 12:30 GMT (or 13:30 MQ MT5 time) | [USD - Building Permits]
2013-03-19 18:00 GMT (or 19:00 MQ MT5 time) | [USD - Federal Funds Rate]
2013-03-20 07:00 GMT (or 08:00 MQ MT5 time) | [EUR - German PPI]
2013-03-20 14:00 GMT (or 15:00 MQ MT5 time) | [USD - Philadelphia Fed Manufacturing Survey]
2013-03-21 09:00 GMT (or 10:00 MQ MT5 time) | [EUR - Current Account]
2013-03-21 15:00 GMT (or 16:00 MQ MT5 time) | [EUR - Consumer Confidence]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on EURUSD price movement
SUMMARY : bullish
TREND : ranging
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newdigital, 2014.03.15 17:34
EURUSD Fundamentals (based on dailyfx article)
Fundamental Forecast for Euro: Neutral
newdigital, 2014.03.17 11:27
if actual > forecast = good for currency (for EUR in our case)
Consumer price inflation in the euro zone rose less than initially
estimated in February, underlining concerns over the threat of deflation
in the region, official data showed on Monday.
In a report, Eurostat said consumer price inflation rose by a
seasonally adjusted 0.7% last month, down from a preliminary estimate of
0.8%. Euro zone inflation rose by 0.8% in January.
The rate remains firmly below the European Central Bank's target of near but just below 2%.
MetaTrader Trading Platform Screenshots
EURUSD, M5, 2014.03.17
MetaQuotes Software Corp., MetaTrader 5, Demo
EURUSD M5 : 13 pips price movement by EUR - CPI news event
newdigital, 2014.03.16 12:51
newdigital, 2014.03.16 16:53
newdigital, 2014.03.17 17:14
EURUSD Technical Analysis March 17 2014 (based on forextv article)
EUR/USD maximum top for this week 1.3983, but the all important 1.3963
must also break higher. I see 1.3963 as a vital peak. Maximum low:
1.3803 but the all important 1.3836 and 1.3811 must also break lower.
Price appears overbought, shorts are recommended.
newdigital, 2014.03.18 11:28
German ZEW Economic Confidence Weakens Sharply
Economic expectations for Germany worsened in March burdened by
Crimea crisis, survey data from the Centre for European Economic
Research/ZEW revealed on Tuesday.
The economic confidence index
dropped more-than-expected to 46.6 in March from 55.7 in February. The
score was forecast to fall to 52.
Meanwhile, experts' assessment
of the current economic situation improved to 51.3 points from 50 a
month ago. Nonetheless, it stayed below the expected level of 52.
expectations for the Eurozone declined by 7 points to 61.5 threshold.
By contrast, the indicator for the current economic situation gained 3.5
points to minus 36.7 points in March.
EURUSD, M5, 2014.03.18
EURUSD M5 : 21 pips price movement by EUR - German ZEW Economic Sentiment news event
newdigital, 2014.03.18 09:51
Trading the News: U.S. Consumer Price Index (based on dailyfx article)
A slowdown in the headline reading for U.S. inflation may prompt further
declines in the dollar as it dampens the interest rate outlook for the
world’s largest economyWhy Is This Event Important:
Even though the Federal Open Market Committee (FOMC) is widely expected
to discuss another $10B taper in March, the central bank remains poised
to introduce a ‘qualitative approach’ for monetary policy, and a dovish
twist to the forward-guidance may heighten the bearish sentiment
surrounding the reserve currency as Fed Chair Janet Yellen remains
reluctant to halt the zero-interest rate policy (ZIRP).However, U.S. firms may raise consumer prices amid the pickup in wage
growth along with the resilience in private sector spending, and a
stronger-than-expected inflation print may generate a near-term bounce
in the greenback as it puts increased pressure on the Fed to normalize
monetary policy sooner rather than later.
How To Trade This Event Risk
Bearish USD Trade: Consumer Prices Slow to 1.2% or Lower
EURUSD M5 : 22 pips price movement by USD - CPI news event :
EURUSD M5 : 30 pips price movement by USD - CPI news event
newdigital, 2014.03.19 06:10
EURUSD Technical Analysis (based on dailyfx article)
newdigital, 2014.03.19 16:58
EURUSD Fundamentals 19.03.2014 (based on dailyfx article)
Trading the News: Federal Open Market Committee Meeting
Indeed, the Federal Open Market Committee (FOMC) is
widely anticipated to reduce its asset-purchase by another $10B in
March, but the market reaction may not be as clear cut as the previous
rate decisions as market participants expect a material shift in the
Why Is This Event Important:
Indeed, a growing number of Fed officials have
highlight a new ‘qualitative’ approach for monetary as the jobless rate
approaches the 6.5% threshold for unemployment, while a dovish twist to
the central bank’s forward guidance may heighten the bearish sentiment
surrounding the greenback as it drags on interest rate expectations.
How To Trade This Event Risk
Bullish USD Trade: FOMC Cuts Another $10B & Sees Greater Scope to Normalize
Bearish USD Trade: Fed Implements Dovish Twist to Forward Guidance
XAUUSD M5 : 1953 pips price movement by USD - Federal Funds Rate news event :
AUDUSD by USD - Federal Funds Rate news event :
EURUSD by USD - Federal Funds Rate news event :
Federal Open Market Committee Meeting :