Midday Report
The pair declined sharply attempting to breach the retest level at 120.80 and it's trading below the level now. More negative pressure is anticipated supported by Stochastic negativity. However, we prefer staying aside to monitor the daily closing around the mentioned level to confirm the next move.
The trading range for today may be among the 119.10 support and 123.35 resistance.
The short term trend is to the downside targeting 122.00 so long as 150.00 remain intact.
| Support | 120.40 | 120.00 | 119.10 | 118.10 | 117.65 |
| Resistance | 120.80 | 122.05 | 122.40 | 123.35 | 124.00 |
| Recommendation | Based on the charts and explanations above we recommend staying aside awaiting more confirmations for the next move. | ||||
Euro vs. Japanese Yen (EUR / JPY)
Midday Report
The pair settled for the incline towards 106.50 to start a bearish move heading towards the targeted retest level at 104.95, where it's fluctuating now around the 50 EMA. Further decline is anticipated for today, however, monitoring price action around 104.95 is very important as it's the key level for the resumption of the main down trend.
The trading range for today may be among the 113.95 support and 108.85 resistance.
The short term trend is to the downside targeting 94.80 so long as 123.30 remain intact.
| Support | 105.45 | 104.95 | 103.95 | 103.20 | 102.65 |
| Resistance | 106.10 | 106.90 | 107.60 | 107.90 | 108.85 |
| Recommendation | Based on the charts and explanations above we recommend selling the pair around 106.90 targeting 104.95 and stop loss with four-hour closing above 107.80 may be appropriate. | ||||
Euro vs. Great British Pound (EUR / GBP)
Midday Report
The pair contunes to fluctuate within a narrow range since morning, while Stochastic is providing clear negative signs halting tha pair's attempts to incline. In general, our morning scenario remains valid for the rest of the day so long as 0.8725 remains intatct.
The trading range for today may be among the 0.8625 support and 0.8910 resistance.
The short term trend is to the upside targeting 1.0370 so long as 0.8165 remain intact.
| Support | 0.8725 | 0.8670 | 0.8615 | 0.8590 | 0.8530 |
| Resistance | 0.8805 | 0.8845 | 0.8885 | 0.8925 | 0.9000 |
| Recommendation | Based on the charts and explanations above we recommend buying the pair around 0.8725 targeting 0.8885 and stop loss below 0.8615 may be appropriate. | ||||
To ensure you receive such e-mails in the future, please add ecPulse.com to your list of approved senders.
No comments:
Post a Comment