EURUSD Technical Analysis 2014, 06.07 - 13.07: Breakdown within Bearish - page 2

 
I am not familiar with your indicators. But it,  Looks like fundamentals definitely are ahead of price movement.
 

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.07.10 22:27

USD Continues to Carve Lower-Highs; Broader EUR/USD Range in Focus

  • Bearish USDOLLAR Outlook Remains Favored Amid String of Lower-Highs
  • EUR/USD Needs Close Below 1.3570-80 to Favor Further Decline
  • AUD/USD Threatens Bullish Formation Ahead of RBA Minutes



EUR/USD:

  • Giving back the weekly advance after failing to push above 1.3650-80 resistance.
  • Need a close below 1.3570 (61.8% Fibonacci retracement) along with a break of the bullish trend in the Relative Strength Index (RSI) to favor downside targets.
  • Looks poised to retain the broad range amid the ongoing uncertainty surrounding the European Central Bank’s (ECB) non-standard measures.

AUD/USD:

  • Threatens trendline support as Australia Employment disappoints, China trade surplus narrows.
  • Would still need a break below interim support around 0.9330-40 to see a move back towards the 0.9200 handle.
  • Reserve Bank of Australia (RBA) Minutes, which are due out next week, may trigger another decline in the AUD/USD should the central bank continue to toughen its verbal intervention.



 
Nice work on this thread.!!
 

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.07.11 14:00

Forex: Daily EUR/JPY, EUR/USD Stochs, MACD Point to Sells: Friday, July 11, 2014

  • EURJPY pressing lowest levels since February.
  • EURUSD technical indicators point to weakness.



Reason: