Daily price is located below Ichimoku cloud in the bearish
area of the chart: the price is on secondary bear market rally to be started on Friday with 1.1191 resistance level to be crossed to above for the rally to be continuing. The price is located within the following
key support/resistance levels:
Absolute Strength indicator is evaluating the breakout to be started.
SUMMARY : breakout
New daily bar was opened on exact 'reversal' Senkou Span line with new resistance level to be formed: 1.1197. If the price breaks this level (1.1197) to above on daily close bar so the daily bullish reversal will be started, if not so the price will be on ranging bearish market condition.
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Sergey Golubev, 2016.08.01 16:12
EUR/USD Intra-Day Fundamentals: Manufacturing ISM Report On Business and 7 pips range price movement
2016-08-01 14:00 GMT | [USD - ISM Manufacturing PMI]
if actual > forecast (or previous one) = good for currency (for GBP in our case)
[USD - ISM Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
EUR/USD M5: 7 pips range price movement by ISM Manufacturing PMI news event
Sergey Golubev, 2016.08.03 15:31
2016-08-03 12:15 GMT | [USD - ADP Non-Farm Employment Change]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - ADP Non-Farm Employment Change] = Estimated change in the number of employed people during the previous month, excluding the farming industry and government.
EUR/USD M5: 13 pips range price movement by ADP Non-Farm Employment Change news event
Sergey Golubev, 2016.08.04 11:52
Technical Targets for EUR/USD by United Overseas Bank (based on the article)
is located near and above 200 SMA: the price is on secondary correction within the primary bullish market condition within
the following key reversal support/resistance
Descending triangle pattern was formed by the price to be crossed for the correction to be continuing.
price. United Overseas Bank is expecting for EUR/USD to be continuing with the ranging condition to be above 1.1215 for some short period of time:
"While the stop-loss for our bullish EUR view is still intact at the
time of writing, the unexpected sharp drop yesterday clearly indicates
an increased risk of a short-term top. A move below 1.1130 would shift
the outlook to neutral and suggest a period of broad sideway
consolidation has started. This appears likely unless EUR can move and
stay above 1.1215 within these 1 to 2 days."
Sergey Golubev, 2016.08.05 13:02
Trading News Events: U.S. Non-Farm Payrolls (adapted from the article)
Bullish USD Trade
is located between 100 SMA and 200 SMA for the ranging market condition waiting for the direction within the following
key reversal support/resistance levels:
indicator is estimating the ranging bullish market condition with the possibility to the bearish reversal.
Sergey Golubev, 2016.08.05 14:53
2016-08-05 12:30 GMT | [USD - Non-Farm Employment Change]
[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry.
"Total nonfarm payroll employment rose by 255,000 in July, and the unemployment rate was unchanged at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, and financial activities. Employment in mining continued to trend down."
EUR/USD M5: 66 pips price movement by Non-Farm Payrolls news event
Dollar Index M5: price movement by Non-Farm Payrolls news event
M5 price broke 200 SMA to below on Non-Farm Payrolls news event: price is testing 1.1045 support level to below for the bearish breakdown to be continuing. For now, this is 102 pips price movement by by Non-Farm Payrolls news event.
H4 intra-day price broke 100 SMA/200 SMA reversal area for the bearish market condition. The price is testing 1.1045 support to below for the bearish trend to be continuing. Alternative, if the price breaks 1.1161 resistance to above so the bullish trend will be resumed, otherwise - ranging within the levels.