19 years in trading
On August 02. we have analyzed the eur/usd and showed potential target for the end of 2017, as well as the support under which the euro will not go any more in 2017. Six months latter, you can see how everything developed in the most important currency pair. True, the pair didn’t manage to reach our target by the end of
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Gold opened 2017 at 1250 and in the same week reached low of the year at 1246. During the middle of the year, 1300 and 1200 was levels of resistance and support, after which gold reached a top of the year at 1357 on September 08. The fall has started returning the precious metal at 1260, with 1300 again as
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As we wrote and point in our EUR/USD analysis from October 27. the pair has stoped the fall at the support trend line near 1.1550, after which the buyers has formed the strong support line at that level. After October 27. they have tried to push higher, but exactly as we pointed, the sellers helt the resistance line for several
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At yesterday meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council continues to expect the key ECB interest rates to remain at
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The important support at 1.1800/35 is broken yesterday, which held the pair for a month, as I have predicted in my last EUR/USD analysis from August 29. As I pointed then, I sow a resistance at 1.2100/35 and the pair even did’t manage to reach that level, with high at 1.2092 in September, just a few pips bellow. It’s obvious
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At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period
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Exactly as I predicted in my previous EUR/USD analysis on August 18., the euro bounced up from the marked support and break 1.2000 today. In this moment, the EUR/USD is at the highest level since December 2014., at 1.2060, holding the 6th month gain in a row. As I see, the next possible resistance is latest at 1.2100/35, where the
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With respect to my monthly analysis from August 02. and the forecast of the eur/usd possible target after the break of important resistance, here’s how I see the pair on daily chart. As you sow in the market, the pair is moving for days in between 1.17 and 1.18 without a clear direction and based on my technical chart, this
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After 5th bullish month in a row, the EUR/USD buyers finaly manage to brake strong resistance, which held the pair for more then 2 years. As I pointed in my previous EUR/USD analysis from July 18. this was a 3rd attack and it was successful. On the last day of July, buyers pushed the pair true the 1.1800 level, which
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Since January 2015, when the EUR/USD broke multy year support at 1.0800/650 the pair didn’t manage to recover above the same and it has spent two and a half years bellow. The buyers have tried to push the pair true that level fot two times, in August 2015 (1.1712 high) and in May 2016 (1.1615 high), but the sellers was
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The euro bulls failed to brake 1.1000 after Macron won the Franch presidential elections. Even the pair opened the week slightly above the 1.10, it wasn’t enough to brake the resistance and it start to fall immediately after opening on Sunday evening. The pair is falling for two days now and it didn’t stop until this up trend line at aprox
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I can’t help myself when I see something interesting and that’s why I want to share this with you. This analysis is our first official technical post as Aureus Invest. Basically, this is how I see this current level in the most interesting currency pair EUR/USD and I can tell that the same is on high importance for furder development here.
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The buyers have almost reached my predicted target in this week, but it seams that the FED’s statement stoped the pair just several pips away from the goal. Sure, daily technical picture shows resistance area exactly at the point of return, at the 1.1120/30 and by looking that, this was a top level for now. Daily MA100 stayed untouched at the 1.1133
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