EURUSD Looks To Extend Downside Pressure On Sell-Off

+ New Comment
FXTechstrategy
Join date: 2016.05.13
Private message
#31

GOLD:  Weakens On Sell-Off, Resumes Trend

 GOLD: Having the commodity sold off strongly on Wednesday, further weakness is likely. On the downside, support comes in at the 1,180.00 level where a break will turn attention to  the 1,170.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,160.00 level. Below here if seen could  trigger further downside pressure targeting the  1,150.00 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, resistance resides at the 1,200.00 level where a break will aim at the  1,210.00 level. A turn above there will expose the  1,220.00 level. Further out, resistance stands at  the 1,230.00 level. All in all, GOLD looks to weaken further on trend resumption.

  

FXTechstrategy
Join date: 2016.05.13
Private message
#32

USDCHF: Loses Upside Momentum, Eyes 1.0091 Level

USDCHF: The pair remains biased to the downside on corrective weakness threats having followed through lower during Friday trading session. On the downside, support lies at the 1.0100 level. A turn below here will open the door for more weakness towards the 1.0050 level and then the 1.0000 level. On the upside, resistance resides at the 1.0200 level where a break will clear the way for more strength to occur towards the 1.0250 level. Further out, resistance comes in at the 1.0300 level. All in all, USDCHF remains biased to the downside as it weaken on corrective pullback. 

 

FXTechstrategy
Join date: 2016.05.13
Private message
#33

EURUSD: Halts Weakness, Recovery Risk Remains On The Cards 

EURUSD: The pair continues to retain its broader downside pressure but faces corrective recovery threats in the new week after halting its broader weakness the past week. On the down, support lies at the 1.0500 level where a violation will aim at the 1.0450 level. A break of here will aim at the 1.0400 level. Conversely, on the upside, resistance comes in at 1.0600 level with a cut through here opening the door for more upside towards the 1.0650 level. Further up, resistance lies at the 1.0700 level where a break will expose the 1.0750 level. All in all, EURUSD faces  further downside pressure.

 

FXTechstrategy
Join date: 2016.05.13
Private message
#34

GOLD: Follows Through Higher On Recovery Higher

GOLD: The commodity strengthened on the back of its Friday rejection candle on Monday. This has left it targeting further upside pressure in the days ahead. On the downside, support comes in at the 1,180.00 level where a break will turn attention to  the 1,170.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,160.00 level. Below here if seen could  trigger further downside pressure targeting the  1,150.00 level. Conversely, resistance resides at the 1,200.00 level where a break will aim at the  1,210.00 level. A turn above there will expose the  1,220.00 level. Further out, resistance stands at  the 1,230.00 level. All in all, GOLD looks to weaken further on trend resumption. 

 

FXTechstrategy
Join date: 2016.05.13
Private message
#35

EURUSD Rejects Higher Level Prices With Risk More Weakness Envisaged

EURUSD: The pair continues to retain its broader downside pressure having rejected higher prices on Monday. This development leaves EURUSD vulnerable to the downside in the days ahead. On the down, support lies at the 1.0550 level where a violation will aim at the 1.0500 level. A break of here will aim at the 1.0450 level. Conversely, on the upside, resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0700 level. Further up, resistance lies at the 1.0750 level where a break will expose the 1.0800 level. All in all, EURUSD faces  further downside pressure. 

 

FXTechstrategy
Join date: 2016.05.13
Private message
#36

EURJPY: Resumes Its Medium Term Uptrend

 EURJPY: The pair resumed its medium term on Wednesday leaving risk of additional strength on the cards in the days ahead. On the downside, support comes in at the 120.00 level where a break will aim at the 119.50 level. A turn below here will target the 119.00 level with a breach turning focus to the 118.50 level. Conversely, resistance lies at the 121.00 level. Further out, resistance comes in at the 122.00 level where a break if seen will threaten further upside towards the 122.50. Further out, resistance resides at the 123.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURJPY eyes further upside pressure medium term.

 

 

FXTechstrategy
Join date: 2016.05.13
Private message
#37

CRUDE OIL: Extends Bullish Offensive On Rally

CRUDE OIL: With the commodity rallying for two days in a row, more price extension is likely in the days ahead. On the downside, support resides at the 51.00 level where a break will expose  the 50.00 level. A cut through here will set  the stage for a run at the 49.00 level. Further down, support resides at the 48.00  level. On the upside, resistance resides at the 52.00 level. Further out, resistance  comes in at the 53.00 level. A break above  here will aim at the 54.00 level and then  the 55.00 level followed by the 56.00 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure.  All in all, CRUDE OIL remains biased to the upside on bull pressure.

 

forextips
Join date: 2016.11.11
Private message
#38
EUR/USD today’s Exchange Rate is 1.0686.

Our Recommendation:
EUR/USD is going up and is recommended to buy.

Get Live Forex Tips & Forex Picks With 3 Days Free Trial Offer.
FXTechstrategy
Join date: 2016.05.13
Private message
#39

EURUSD Retains Recovery Threats With Eyes On 1.0759 Zone

EURUSD: The pair continues to seek for recovery though closing marginally higher on Friday. On the down, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. Conversely, on the upside, resistance comes in at 1.0700 level with a cut through here opening the door for more upside towards the 1.0750 level. Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. Its weekly RSI is bullish and pointing higher suggesting further corrective recovery.  All in all, EURUSD faces  further downside pressure. 

 

FXTechstrategy
Join date: 2016.05.13
Private message
#40

GBPUSD: Eyes Further Upside On Bull Pressure

GBPUSD: The pair closed strongly higher the past week and looks to extend that strength in the new week. On the downside, support lies at the 1.2700 level where a break will turn attention to the 1.2650 level. Further down, support  lies at the 1.2600 level. Below here will set the stage  for more weakness towards the 1.2550 level. Conversely, resistance stands at the 1.2800 levels with a turn above here allowing more strength to build up towards the 1.2850 level. Further out, resistance  resides at the 1.2900 level followed by the 1.2950 level. On the whole, GBPUSD threatens further upside pressure but with caution. 

 

FXTechstrategy
Join date: 2016.05.13
Private message
#41

EURUSD: Retains Recovery Threats With Eyes On More Strength

EURUSD: The pair continues to push higher leaving risk of further strength on the cards. On the down, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. Conversely, on the upside, resistance comes in at 1.0800 level with a cut through here opening the door for more upside towards the 1.0850 level. Further up, resistance lies at the 1.0900 level where a break will expose the 1.0950 level. Its daily RSI is bullish and pointing higher leaving risk higher. All in all, EURUSD faces further upside pressure on corrective recovery.

 

FXTechstrategy
Join date: 2016.05.13
Private message
#42

EURUSD: Retains Recovery Threats, Trades Above Key Support

EURUSD: The pair continues to retain its upside pressure on correction. On the down, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. Conversely, on the upside, resistance comes in at 1.0800 level with a cut through here opening the door for more upside towards the 1.0850 level. Further up, resistance lies at the 1.0900 level where a break will expose the 1.0950 level. Its daily RSI is bullish and pointing higher suggesting further strength.  All in all, EURUSD faces further upside pressure. 

  

FXTechstrategy
Join date: 2016.05.13
Private message
#43

GBPUSD: The pair turned lower on Wednesday leaving risk of more weakness on the cards. However, its correction higher is not over yet. On the downside, support lies at the 1.2600 level where a break will turn attention to the 1.2550 level. Further down, support  lies at the 1.2500 level. Below here will set the stage  for more weakness towards the 1.2450 level. Conversely, resistance stands at the 1.2700 levels with a turn above here allowing more strength to build up towards the 1.2750 level. Further out, resistance  resides at the 1.2800 level followed by the 1.2850 level. On the whole, GBPUSD threatens further downside pressure but with caution.


FXTechstrategy
Join date: 2016.05.13
Private message
#44

EURUSD: Retains Its Broader Downside Bias But With Caution

EURUSD: The pair continues to hold on to its downside pressure leaving risk lower in the new week. However, we could see a mild price recovery higher. On the down, support lies at the 1.0400 level where a violation will aim at the 1.0350 level. A break of here will aim at the 1.0300 level. Its daily RSI is bearish and pointing suggesting further weakness. Conversely, on the upside, resistance comes in at 1.0500 level with a cut through here opening the door for more upside towards the 1.0550 level. Further up, resistance lies at the 1.0600 level where a break will expose the 1.0650 level. All in all, EURUSD faces further Downside pressure 

 

FXTechstrategy
Join date: 2016.05.13
Private message
#45

GOLD: Extends Losses On Bear Pressure

GOLD: The commodity continues to hold on to its downside pressure as it looks to weaken further in the new week. On the downside, support comes in at the 1,120.00 level where a break will turn attention to  the 1,110.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,100.00 level. Below here if seen could  trigger further downside pressure targeting the  1,090.00 level. Conversely, resistance resides at the 1,140.00 level where a break will aim at the  1,150.00 level. A turn above there will expose the  1,160.00 level. Further out, resistance stands at  the 1,170.00 level. All in all, GOLD looks to weaken further on trend resumption.