Wednesday, July 24, 2013

EUR-USD 25/07/2012 Forecasting

15 min time frime : curve model future chart

Wednesday, June 19, 2013

eur-usd forecast

Daily Pivots: (S1) 1.3341; (P) 1.3378 (R1) 1.3431
No change in EUR/USD's outlook. Rebound from 1.2746 is viewed as a corrective move and we'd expect strong resistance above 61.8% retracement of 1.3710 to 1.2746 at 1.3342 to complete the correction. Below 1.3177 will turn bias back to the downside for 1.2796 and then 1.2746 support.
In the bigger picture, overall, price actions from 1.6039 is viewed as a corrective pattern which is still in progress. Current development is a bit mixed. Above 1.3710 will extend the rise from 1.2042 as another leg of the consolidation pattern. On the downside, break of 1.2746 will indicate that rise from 1.2042 has completed at 1.3710 and will turn outlook bearish for 1.2042 and below.
EUR/USD 4 Hours Chart
EUR/USD Daily Chart