The Fusion Media Network:

Real-Time Quotes:

Home

Analysis

Forex Technical Analysis

Fundamental

Technical

Futures

Central Banks

Forex Brokers

Trading Tools

Crosses

EUR/USD Technical Analysis 5 January 2009

By:

iForex.bg

2009-05-01

votes

View Comments (0)

Previous Analysis | Next Analysis

	Text Size
	Print
	Email
	Add a Comment

EUR/USD Open 1.3954 High 1.3973 Low 1.3839 Close 1.3916

On Friday Euro/Dollar tested the 1.3973 top and from there descended down to 1.3839, and closed at 1.3916 after little correction. The Euro broke the 10 day SMA, heading towards the next support at 1.3980, which is 38.3% Fibonacci to of the climb from October to December. The CCI indicator is in neutral zone on 3 time frames - one hour, four hour and daily chart. The Stochastic however indicates readiness for the market to support the Euro, and it is quite possible today to see again sharp rise towards the top 1.4050. First resistance is seen at 1.3980, which is 23.5% Fibonacci of the above level.
Technical resistance levels: 1.3980 1.4100 1.4210
Technical support levels: 1.3825 1.3745 1.3570

Trading range: 1.3915 - 1.3500
Trend: Downward
Sell at 1.3901 SL 1.3931 TP 1.3861

Yesterday we made +50 pips profit on EUR/USD from the following signal:
6:18 GMT Sell EUR/USD at 1.4059 SL 1.4085 TP 1.4009 TP reached at 6:32 GMT
Total on 30th +147, as shown in details at our web site.

Digg

Del.icio.us

Mixx it!

Reddit!

Wikio

Next Analysis:

Content Provided by:

iForex.bg
iFOREX.bg provides online forecasts and real time trading signals for the four major trading currency pairs: EUR/USD, USD/JPY, GBP/USD and USD/CHF with entry and exit positions directly to our customers. With our team of professional analyzers, marketing strategists, dealers and traders, we build ...

Disclaimer:

iFOREX Ltd. is in the business of teaching analysis of forex trends, and proposing potential trading signals - not recommendations. All statements and expressions are the opinion of the forex experts at iFOREX Ltd. and are not meant to be either investment advice or a solicitation or recommendation to establish market positions. Our opinions are subject to change without notice. We strongly advise clients to conduct thorough research relevant to decisions and verify facts from various independent sources. The staff at iFOREX Ltd. is not to be held responsible for individual market positions, all trades that clients may take are based on their own final decisions. We do not accept any liability for any loss or damage whatsoever, that may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in the trading signals or in any accompanying chart analyses, whether communicated by word or message, typed or spoken by any of iFOREX Ltd. employees.

News

Quotes

Forex Analysis

Forex Brokers

Forex Software

Live Events

Charts

Education

Forex Forums

Languages

Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All stock prices, indexes, futures and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.