Technical summary: We are still looking for a new minor low of 1.6425 and for a new strong rally higher to 1.7154. In the short term, a break above minor resistance at 1.6525 and more importantly above 1.6614 will trigger an expected rally to above 1.6683 for a rally towards 1.7154. A series of waves […]
Technical summary: A correction in wave ii has turned into expanded flat, which calls for a decline to just below 135.45 in wave c of ii before an extended rally higher to at least 141.52 takes over as wave iii develops. In the short term, we are looking for a decline to just below 135.45 […]
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Technical summary: With a low of 1.6329, important support at 1.6320 held well and protected the downside for a new rally. In the short term, we expect minor support at 1.6464 to be able to protect the downside for a break above 1.6625 confirming the next impulsive rally higher towards 1.7031 and 1.7154. It will […]
Technical summary: A rally from a low of 133.27 looks impulsive and we would like to see support at 134.99 protecting the downside for a break above minor resistance at 137.04 and more importantly above resistance at 137.29 for a continuation higher to 141.06 and above moving towards 144.03. It will still take an unexpected […]
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Technical summary: The pair is still consolidating in a narrow range between 1.6410 and 1.6622, but we continue to look for a break above 1.6622 confirming more upside pressure towards 1.7154 as the next major upside target. An unexpected breakput below support at 1.6410 will delay expected upside pressure, but only to decline closer to […]
Technical summary: Important support at 133.07 is still holding firm keeping us cautious about breaking above minor resistance at 136.07. That should be the first indication of renewed upside pressure to 141.03 and 144.03. Only an unexpected breakout below 133.07 will shift our stance from bullish (although cautiously) to bearish as the rally from 126.05 […]
Technical summary: We continue to look for a breakout higher towards the next upside target at 1.7154. Looking at the rally from 1.3860, we have already seen five waves. So, no more progress is required in theory, but we would be surprised if a dowside break is already seen. It will take a break below […]
Technical summary: There is no change in our view. Trading has been trapped in a very narrow range since yesterday as insecurity about EUR prevails. We continue to look for a breakout above minor resistance at 136.85 indicating renewed upside pressure for a test of 141.06 on the way towards 144.03. Only an unexpected break […]
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Technical summary: We are still looking for more upside pressure towards 1.7154. In the short term, we will see minor support at 1.6435 protecting the downside for a break above 1.6624. The brake will confirm a continuation higher to 1.7154 as the next major upside target. Only a break below support at 1.6435 will delay […]
Technical summary: We still remain in the area above the support at 133.07 and resistance at 136.85. So, we need to break out of this range to indicate a larger move. We continue to look for a break above resistance at 136.85 and more importantly a above resistance at 138.14 confirming targets at 141.06 and […]
Technical summary: We are going nowhere at the moment, which is clearly showing the ongoing fight between bulls and bears. We continue to be cautious bulls as long as support at 135.85 and more importantly as long as support at 133.07 protects the downside. That said we need a breakout above 138.68 to add renewed […]
Technical summary: We saw a break above resistance at 1.6587 yesterday, which indicated that more upside pressure should be expected towards 1.7053 and even 1.7154 in wave v. Now, we would like to see minor support at 1.6495 protecting the downside for a breakout above 1.6555 confirming the next rally higher to 1.6856 and higher […]
Technical summary: We are still awaiting a break above resistance at 1.6577 to continue higher towards 1.7145,which is the next major upside target. Short-term support is found at 1.6469 and strong support is seen at 1.6367, which will ideally protect the down side for a breakout above 1.6577. An unexpected break below support at 1.6367, […]
Technical summary: We are still awaiting a break above minor resistance at 138.68 to confirm continuation higher to 141.06 and 144.03. In the short term, minor support at 136.08 will ideally protect the downside for a break above 138.68, but only a break below support at 133.07 will question the uptrend from 126.05. In the […]
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Technical summary: A previous top at 1.6587 has kept prices in check for now, which indicates more correction in wave iv towards 1.6017 before the final rally higher in wave v towards 1.7146. It will take an unexpected breakout below the support at 1.5792 to alter the count that hasbeen working well for us since […]
Technical summary: We still prefer a break above minor resistance at 138.68 to continue moving higher to 141.06 with a target at 144.03. As long as minor resistance at 138.68 is able to protect the upside, we do accept the risk of a breakout below important support at 133.07, which would change the bullish picture […]
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Technical summary: The break back above minor resistance at 1.6370 indicates that the decline from 1.6587 is part of a correction and more upside should be seen. It should be just a matter of time before resistance at 1.6587 is broken for a continuation higher towards 1.7154. The only question that remains is whether the […]
Technical summary: Minor resistance at 138.68 is still held firmly so the risk remains for more downside pressure towards important support near 133.07, but it will take a break below this level to turn the picture bearish. To remove the downside pressure a break above minor resistance at 138.68 is needed and it will call […]
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Technical summary: With a low at 1.6147 we got close to indicate a more substantial correction evolved, but as long as support at 1.6143 stays intact, we will be looking for more upside pressure towards 1.6787. In the short term, we will be looking for a break above minor resistance at 1.6345 as the first […]
Technical summary: A decline from 141.06 still looks more as a correction than top. So, we will stay bullish for more upside pressure once this correction is found. Ideally, we will see the bottom of red wave ii/ near 137.51 where red wave y is equal in length to red wave w. To indicate that […]
Technical summary: The support line at 126.05 has protected the downside and we continue to look for a break above minor resistance at 139.17 and more importantly above resistance at 140.63 confirming a continuation higher to 144.03. Only a break below support 136.96 will make us reconsider the entire count from 126.05. Trading recommendation: We […]
Technical summary: A correction from 1.6587 is still unfolding, but only a break below support at 1.6143 indicates that a more substantial correction is unfolding towards 1.5650. That means a break above minor resistance at 1.6280 and more importantly a break above resistance at 1.6345 for renewed upside pressure towards 1.6787. In the long term, […]
