EUR USD

**Samirofi** · 07-25-2013, 01:54 PM

EUR USD retests 25/07/2013

The pair is retesting 1.3200 and 1.3175 levels which were previously breached, where holding above them represent the key factor to continue the positive bias suggested in our recent reports.

EMA50 continues supporting the price from below, while stochastic enters the oversold area to add more support to the positive overview which its targets begin at 1.3400

Expected trading range for today is between: 1.3125 support and 1.3475 resistance.

Expected trend for today: Bullish

**PCMAnalyst** · 07-26-2013, 09:58 AM

Originally Posted by PCMAnalyst

time h4

pattern : triangle

Result:

**PCMNewsdesk** · 07-26-2013, 11:27 AM

The greenback dropped 0.6 percent to $1.3282 per euro at 4:41 p.m. At this point the technical analysis is not as strong as the fundamental data – basically the fear or the hope of the market participants on the FED stimulus and beginning of tapering.

**PCMNewsdesk** · 07-28-2013, 10:34 AM

**PCMNewsdesk** · 07-29-2013, 11:37 AM

Three weeks ago the currency pair started a bullish movement and is currently close to a six week high. The MACD is forecasting further gains of the EUR versus the USD so the close resistance level around 1.3296 might be soon overcome.

**PCMAnalyst** · 07-31-2013, 12:13 PM

The price is flactuating within an upward channel in H4. we expect to have the price to be dropped if the channel breaks through 1.3217 .

**PCMAnalyst** · 07-31-2013, 05:21 PM

The price is moving inside a congestion range in weekly TF. By getting out of this area we are expecting a have a trend to be formed.

**PCMAnalyst** · 08-01-2013, 05:16 PM

The price is fluctuating in a consolidation range in Monthly TF. We expect it to go along with a trend by blowing of the range. This will assign 1.4300 as a resistance and 1.1960 as support.

**PCMAnalyst** · 08-05-2013, 09:29 AM

We saw the price declined around 1.3388 after breaking the channel lower in H4 TF which by increasing in demand we are observing it bounce back to the channel. We estimate the continuation of the price growth if it breaches through the channel.

**PCMNewsdesk** · 08-05-2013, 10:24 AM

As we can see the resistance level was too strong to be crossed by the pair. Therefore it is trading in a sideways movement for the past ten days but according to the rising MACD another bullish attempt to overcome the close seven week high might be expected.