27.01.2011

Eurusd has reached its supply level at 1.3750. Expecting a correction and test of 1.35 before moving higher. in case of breaking 1.35 we will look for short entries with target 1.33 - 1.29 and lower.

Im sorry i havent been posting much this week. Its due to fever and grippe, im spending most of the time in bed.

24.01.2011

Euro index currently at 107.55 heading towards its supply level 109.00.

Dollar index trading at  78.40, currently looking at support level to move higher towards 80.80.

S&P at 1282.20, on weekly chart it has reached very important supply level. We could see a longer term correction starting at this point.

Eurusd Long term view 3

 You can find previous post about LT analyse on Eurusd here: http://forexoholic.blogspot.com/2011/01/eurusd-long-term-view-2.html

Since then Euro has been pretty bullish fighting 1.35 resistance area. If it breaches it for good, we should see it going to 1.37.

17.01.2011

Euro index trading at 105.70 after bouncing from the resistance level 106.80 - 107.00. Heading towards intraday support level 105.00 and lower to 104.25.

Interesting situation on Eurusd daily time frame. We have similar situation like at the beginning of the last year. Price has dropped from 1.44, then consolidated for 2 months to finally break to the downside and go for 1400 pips.

 

Dollar index trading at 79.40, heading to its intraday resistance level at 80.00.

Eurusd long term view 2

18.12.2010 post long term view avaible here: http://forexoholic.blogspot.com/2010/12/eurusd-long-term-view.html

14.01.2011 update: Eurusd bounce from the demand zone, back to the resistance level 1.3450. In case of breaking this resistance, the price could go testing 1.37. If the resistance holds, we could see the price going back to test 1.29 and possibly breaking this level to move lower.

14.01.2011

Eurusd currently at 1.3350, with a resistance level just above at 1.34. Correction is expected, but in case of a breakout we should see the price going to test 1.3700. Eurusd long term scenario presented few weeks ago is playing out well so far: http://forexoholic.blogspot.com/2010/12/eurusd-long-term-view.html

Gbpusd currently at 1.5850 with 100 pips resistance area above. Excatly 1 month ago (14.12.2010) price has dropped from this level pretty strong so correction is expected before moving higher.

Dollar index trading at 79.24. After yesterdays strong drop, today bounced from the support area 79.10 - 78.80.

13.01.2011

Euro index currently at 105.10 after bouncing from its first supply level 105.30. More important ones are higher around 106.10 and 106.65.

Dollar index currently at 80.00 after bouncing from its supply level 81.30 its heading towards its support around 79.50 - 79.15.

10.01.2011

Welcome after Christmas and New Years Eve break. I hope you all had great and relaxed time.

Eurusd currently trading at 1.2940, just above its demand level seen on the left 1.29 - 1.26. Intraday target 1.3250.

Dollar index at 81.00, with a supply level on the left. Intraday target around 79.60.

Long term view on Eurusd presented few weeks ago is playing out so far: http://forexoholic.blogspot.com/2010/12/eurusd-long-term-view.html