Daily price is on bullish condition located to be above Ichimoku cloud within the following key support/resistance levels:
s/r levels for this pair on the way to the key s/r are the following:
D1 price - ranging:
If D1 price will break 1.1016
support level on close D1 bar so we may see the bearish breakdown.If D1 price will break 1.1713 resistance level on close D1 bar so the bullish trend will be continuing.If not so the price will be on ranging within the levels.
SUMMARY : bullish
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Sergey Golubev, 2015.10.17 08:55
Weekly Outlook: 2015, October 18 - 25 (based on forexcrunch article)
The US dollar showed weakness against most currencies as the data proved weak. Is this a change of direction? Mark Carney’s and Janet Yellen’s speeches, US Building Permits, and rate decisions in Canada and the Eurozone stand out. These are the major events on forex calendar. Here is an outlook of the top events for this week.Last week U.S. Retail sales and Philly Fed Manufacturing Index missed expectations reducing chances for a Fed rate hike this year. Retail sales report inched up 0.1% while expected a 0.2% gain. Philadelphia Manufacturing Index contracted for the second month in October. The better inflation numbers allowed the dollar to recover, especially against the euro, which was hit by its own central bank. Commodity currencies were mixed, each to its own, with the Aussie being the weaker link.
Sergey Golubev, 2015.10.18 18:35
EUR: outlook for the coming week by Morgan Stanley (based on efxnews article)
EUR: Bullish"We believe that EURUSD could head higher before we see pushback from
the ECB. Indeed, we don’t expect anything from next week’s meeting. Our
base case is for no further easing, but in the tail risk that the
central bank does decide to do more, this would be likely to come in
December alongside the ECB’s new forecasts. With further action from the
ECB unlikely in the near term, and US rates falling, EUR is becoming
less attractive as a short term funder, offering it support."
From the technical point of view - the price is on primary bearish market condition for the ranging between the following key support/resistance levels:
The price may start the bear market rally by the breaking 1.1459 and 1.1713 resistance levels from below to above, and we may see the local uptrend in this case only for example.
Sergey Golubev, 2015.10.19 08:08
Trading The ECB: the most likely scenario, key levels and EUR/USD forecasts (based on efxnews article)
As ECB will take center stage this week so Barclays Capital made some fundamental and technical forecasts concerning EUR/USD.
Sergey Golubev, 2015.10.21 06:27
Trading setup for EUR/USD by Barclays Capital (based on efxnews article)
Barclays Capital made a technical forecast for EUR/USD explaining their position opened with key targets:
So, they opened sell trade at 1.1335 with 1.1260 as an initial target having re-enter to 1.1105/1.1085 targets in case the price will move to below 1.1260. If we see from the chart above - there are the following targets for this pair:
Thus, if the price breaks 1.1086 support level from above to below so the next profit targets will be 1.0807, if the price breaks 1.1713 resistance level from below to above so profit level will be 1.1956.
Sergey Golubev, 2015.10.22 09:13
EUR/USD - in view of ECB meeting (based on efxnews article)
United Overseas Bank made a fundamental forecast concerning ECB’s meeting later today:
we see from the image above - the nearest support level is 1.1305
located on the border between the primary bearish and the primary
bullish on the chart, and if this level is going to be broken so we may
see the bearish reversal to be started by the daily price for example.
Sergey Golubev, 2015.10.23 07:32
Post ECB rate decision event review - BNP Paribas (based on efxnews article)
The ECB left policy unchanged and Mario
Draghi delivered the maximum level of dovishness at the press
Sergey Golubev, 2015.10.24 17:44
EUR/USD: levels and targets by Societe Generale (based on efxnews article)
Societe Generale made a weekly technical forecast concerning the EUR/USD:
As we see from the chart above - the nearest support level is 1.1086, and it is going to be crossed on the weekly open bar. The next support levels as the next bearish taregts are 1.0807 and 1.0607. And the 'final' taregt si 1.0461.