Recent content by Amy Forex

Hi all, The EUR/USD succeed to bounce back on Friday after finding support around 1.2240, as we have mentioned on our Friday analysis. We expect the prices to continue to move between 1.2240 and 1.2318 ahead of tomorrow major France and Germany economic data releases. Support 1: 1.2260...

Hi all, As we mentioned yesterday, the EUR/USD prices dropped, finding support at 1.2260 which is the Bollinger middle band. We expect that the single currency will remain under selling pressure and resume its downside movement to test lower support at 1.2241 and then 1.2205 (the trend line)...

Hi guys, Today,The EUR/USD prices steadied around 1.2370 and its SMA (50) form a strong resistance at 1.2400. The Stochastic and the CCI (14) Indicators are currently leaving the overbought territory, signaling more downside is expected and prices may face support at 1.2220 if 1.2320-level is...

EUR/ USD Daily Technical Analysis 08 August 2012 Hi traders, The EUR/USD prices failed again to close above its SMA (50) which leaves the pair under a selling pressure. The Stochastic Indicator is currently above the 80 level (overbought territory), which means that a top might be put here...

Re: EUR/ USD Daily Technical Analysis 7 August 2012 Hi all, The EUR/USD prices failed again to close above its SMA (50) which leaves the pair under a selling pressure. The stochastic emerged from the overbought territory is warning a downswing may be ahead. Initial support is seen at 1.2290. a...

Re: EUR/ USD Daily Technical Analysis 6th August 2012 Hi all, Both CCI (14) and stochastic are living the overbought area and giving a sell signal. Also, the EUR/USD prices failed to close above its MA (50) which leaves the pair under a selling pressure. The euro outlook remains bearish, so...

Hi all, The EUR/USD prices spiked to 1.2409 which represents its Daily MA (50) before erase gains dropping to 1.2132 due to ECB disappointment. Yesterday daily closing below the middle band signals further downtrend may resume to the lower band at 1.2081. The euro outlook remains bearish...

Dear traders, As we have mentioned yesterday in our analysis, the upside movement of the EUR/USD prices faced a strong resistance at 1.2333 and the slide of the prices found support at 1.2216 after the Fed policy meeting disappointment. The same setup remains in place and the ECB policy meeting...

Dear Traders, We expect that the EUR/USD pair will continue to move within an ascendant channel ahead of the U.S. and Europe central banks policy meetings, due today and tomorrow. From the analytical standpoint the resistance lays at the 1.2333 level and a good support around 1.2214. However...

Dear traders, As it was expected yesterday, the EUR/USD prices continue to trade within narrow range ahead of the ECB and the Fed policy meetings. For the day trader, the stochastic is giving a sell signal, and the next possible downward movement will target 1.2230 and next 1.2201 area, its SMA...

Hi all, The EUR/USD prices continue to be traded within the daily Bollinger bands, the upper band stopped the upside movement at 1.2389 before retreating and close at 1.2301. Its failure on Friday to close above a key technical level near $1.2336 will keep the short-term bearish trend intact...

Dear Traders, The EUR/USD was unstable yesterday and was trading between the 1.2407 and the 1.2627 level, this reflects the worry of the investors due to the uncertainty of the market, and because they wait the latest news concerning the European summit in Brussels. This uncertainty in the...

Dear guys, As we have expected the EUR/USD retreated to the 1.2440 level, then it bounced back to reach the 1.2519 level as a correction step but this is not a signal of rise. We also notice on the 4 hours chart, that the prices succeeded in breaching down the Neckline level to form the...

Dear all, The EUR/USD slipped yesterday to reach the 1.2439 level, then it bounced back to test the 1.2505 level. However, we notice that the daily candle has closed below the Moving Average 5 and below the Ichimoku main support level, and this confirms the bearish trend. We notice on the...

Dear traders, As we have mentioned in our Daily Market Analysis of yesterday, the EUR/USD retreated to the 1.2469 level, then it rose to the 1.2523 level, as a correction step to the bearish trend. We also notice on the 4 hours chart, that the prices succeeded yesterday in breaching down the...