You are here: Home > articles > Forex > Intraday technical levels and trading recommendations for EUR/USD for August 25, 2016
Intraday technical levels and trading recommendations for EUR/USD for August 25, 2016
August 25, 2016 10:32 amVideo
Latest News
- Analysis of the trading week of August 21–25 for the GBP/USD pair. COT Report. The Federal Reserve will raise the rate again August 26, 2023
- Analysis of the trading week from August 21 to 25 for the EUR/USD pair. COT Report. The euro is continuing its downward trend August 26, 2023
- Technical analysis of EUR/USD for August 26, 2023 August 26, 2023
- Oil Prices Accelerate Rally on Anticipated Supply Crunch August 25, 2023
- August 25, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective. August 25, 2023
- August 25, 2023 : EUR/USD Intraday technical analysis and trading plan. August 25, 2023
- August 25, 2023 : GBP/USD Intraday technical analysis and significant key-levels. August 25, 2023
- Disney stock price breaks key support trend line August 25, 2023
- Technical analysis on USDCAD for August 25th, 2023. August 25, 2023
- Ichimoku cloud indicator analysis on Oil for August 25th, 2023. August 25, 2023
- Ichimoku cloud indicator analysis on EURUSD for August 25th, 2023. August 25, 2023
- Ichimoku cloud indicator analysis on Gold for August 25th, 2023. August 25, 2023
- NZD/USD: upside invalidated, more declines below 0.5886 August 25, 2023
- CAD/JPY rejected by dynamic resistance August 25, 2023
- GBP/USD: trading plan for the US session on August 25 (analysis of morning deals). The pound has partially recovered August 25, 2023
- EUR/USD: trading plan for the US session on August 25th (analysis of morning deals). Euro buyers are reminded of themselves August 25, 2023
- August 24, 2023 : Updated technical analysis of Ethereum/USD. August 25, 2023
- U.S. debt crisis could trigger long-term rally in gold August 25, 2023
- Analysis and trading tips for GBP/USD on August 25 (US session) August 25, 2023
- Analysis and trading tips for EUR/USD on August 25 (US session) August 25, 2023
In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target was projected towards 0.9450.
In March 2015, the EUR/USD bears challenged the next monthly demand level around 1.0570, which had been previously reached in August 1997.
Later in April 2015, a strong bullish recovery was observed around the mentioned demand level. However, next monthly candlesticks (September, October, and November) reflected a strong bearish rejection around the area of 1.1400-1.1500.
Again In February 2016, the depicted price levels around 1.1400-1.1500 acted as a significant supply zone during the bullish pullback.
That is why, recent bearish rejection was expected around the current price levels (note the monthly candlesticks of May and June).
In the long term, the level of 0.9450 will remain a projected bearish target if the current monthly candlestick comes to close below the depicted monthly demand level of 1.0570.
On the other hand, note that a monthly candlestick closure above 1.1400 invalidates this bearish outlook on an intermediate-term basis (low probability).
The long-term outlook for the EUR/USD pair remains bearish as the monthly chart illustrates. Bearish fixation below 1.1000 is needed to enhance this bearish scenario.
On July 8, recent bullish recovery was manifested around the price zone of 1.1000-1.0950 (previous consolidation range), but on July 15 significant bearish pressure was applied around 1.1150.
This week, bearish fixation below 1.1000 will be needed to allow a bearish decline to 1.0820 (key level 2) where price actions should be watched for a possible short-term BUY entry.
On the other hand, the EUR/USD pair kept trading above the price zone of 1.1000-1.0950 (previous consolidation range). Hence, further bullish advance towards 1.1170 and 1.1220 was executed as expected.
Price action should be watched around the price zone of 1.1250 (Supply Level 1) for a valid SELL entry when enough bearish rejection is expressed.
However, temporary bullish breakout is being expressed above 1.1250.
Note that bullish persistence above 1.1250 allows further bullish advance towards 1.1400 (Supply Level 2) where a better SELL entry can be offered.
On the other hand, re-closure below 1.1250 (Supply Level 1) is needed to maintain enough bearish pressure.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: