EURUSD - Trends, Forecasts and Implications (Part 1) - page 872

[Oleg]

20 January. /Dow Jones/. The euro/U.S. dollar pair hit a new 5-month low after falling sharply below 1.4218 on Wednesday. Some recovery from 1.4166 is underway but only a consolidation above 1.4306 will ensure further gains and the pair's decline will be limited to 1.4166 in the short term. However, downside risk is rising and renewed downward pressure at 1.4166 will threaten further downside towards 1.4105 and the Fibonacci retracement level of 1.4020. At the time of writing, the pair was trading sharply down 0.6% at 1.4194.

-Author Francis Bray, Dow Jones chief technical analyst for Europe; translation by PRIME-TASS; [phone]; dowjonesteam @ prime-tass.com.

[T-G]

OlegTs >>:

20 января. /Dow Jones/. Пара евро/доллар США достигла нового 5-месячного минимума после резкого падения ниже 1,4218 в среду. Происходит некоторое восстановление с уровня 1,4166, но лишь закрепление пары выше 1,4306 обеспечит ее дальнейший рост, при этом в краткосрочной перспективе падение пары будет ограничено уровнем 1,4166. Однако растет риск падения, и возобновление понижательного давления на уровне 1,4166 будет угрожать дальнейшим падением в сторону 1,4105 и уровня коррекции Фибоначчи 1,4020. На момент написания статьи пара торговалась с резким понижением на 0,6% по 1,4194.

-Автор Francis Bray, главный технический аналитик Dow Jones по Европе; перевод ПРАЙМ-ТАСС; [phone]; dowjonesteam @ prime-tass.com.

If there was a pullback to 1.4265 I would be able to close at 0 - the whole question is whether or not a correction to it gives before falling towards 1.4105 ((

[Oleg]

T-G >>:

Если бы был откат до 1.4265 я бы смог закрыться в 0 - весь вопрос дает ли коррекция до него или нет, прежде, чем упадет в сторону 1,4105 ((

I would wait half an hour for the UK news, if good, the eu is likely to pull up too, although after yesterday nothing is certain...

[[Deleted]]

The pound is not the euro. Germany and France are euros and the pound is separate. So a positive pound on the back of a negative euro could add salt to the eu, weaken it. People might just stupidly switch from the eu to other currencies and to the pound. Which I don't want to do with my sells on the pound.

[Dmitry Chepik]

T-G >>:

Спасибо за два последних поста. Думаете усреднять buy не стоит?

Я просто не умею работать локом, точнее не понимаю до конца как из него выходить правильно, точнее не до конца понимаю что делать если цена пойдет вверх.. получается при локе куда бы цена не пошла, мы будем на одном уровне минуса.. ?

Yes, that's right. But what's the point of sitting out a drawdown, especially if you're working without a stop... If you buy (with a long-term view) and see the market starting to reverse downwards! with a subsequent long-term upswing, then why not work out the sell!!! this is the lock, as I understand it... then it's better to work with a stop...

[Alexander Mostovnek]

Evra, H1.

[[Deleted]]

What is the meaning of the green square?

And why are you setting the Fibo 0 level not at the opening price of the day ....Why is that ?

[Oleg]

EUR/USD during the day: Market participants betting on the pair's decline have regained control in the short term, targeting the pair at new 5-month lows below 1.4218. While the pair's corrective rise is limited to 1.4245, there is a possibility of it falling to 1.4100 and 1.4020, which stand in the way of the psychologically important 1.4000 level. A consolidation of the pair above 1.4245 would confirm the formation of a base in the short term, but growth will be difficult and limited to the 1.4335 area.

EUR/USD on the weekly chart: Downtrend.

USD/JPY during the day: The pair is steadily rising from Tuesday's level of 90.31. There is a chance of it rising to 91.63, a break of this level is needed to confirm the "bearish failure" at 90.31 low and a further rise to the lower high of 92.05. The pair's declines will attract support as long as it trades above 90.55 and only a drop below that level will retarget the pair for a low of 90.31.

USD/JPY on the weekly chart: Downtrend.

GBP/USD during the day: The pair dropped from Tuesday's high of 1.6458, which limited its retracement below the 61.8% retracement level of the dominant wave of decline from 1.6877-1.5834. There is a threat of further declines to the 1.6239-1.6210 support area, but there is also potential for a fall to 1.6145 before the pair finds support. The pair needs to surpass 1.6394 again in order to target the high of 1.6458.

GBP/USD on the weekly chart: Downtrend.

[Alexander Mostovnek]

baltik >>:

Значение зеленого квадрата?

и почему Вы выставляете уровень фибо 0 не на цене открытия дня ....Почему так ?

1) The square is the assumed target of the end of the [2] wave and then the subsequent fall. As you can see, the fall happened even earlier))

2) I am measuring thereby a WAVE, not a DAY.

[[Deleted]]

there should be another test shot to the 1.4120 target before the pullback