http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-11-05.htmlEUR/USD Resistance: 1,4850-60/ 1,4890-00/ 1,4930/ 1,4960/ 1,5000 Support : 1,4800-10/ 1,4760/ 1,4710-20/ 1,4680 Comment: The false break of the base of 1,4680-00 led to an upward reaction, as we had described in our analysis yesterday, towards 1,4900 after FED’s announcement. The downward move from these levels seems corrective and the price is likely to return to 1,4900-30 area. Above 1,4930, next targets are set at 1,4980-00 and then 1,5060-70. As you can see in the daily chart, BollingerThu, 05 Nov 2009 12:52:34 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-11-05.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-11-02.htmlEUR/USD Resistance : 14780-00/ 1,4850-60/ 1,4890-00/ 1,4930/ 1,4960/ 1,5000 Support :1,4730/ 1,4710-20/ 1,4680/ 1,4640/ 1,4610/ 1,4580/ 1,4540/ 1,4500 Comment: Euro declined in the end of the previous week towards 1,4680-00 area, which was tested as support again. The short term downtrend could not be reversed, despite the positive signs in the daily chart on Thursday, and important resistance at 1,4850-60 could not be breached. The time remains between 1,4670-90 and 1,4850-70 area. A downwardMon, 02 Nov 2009 12:37:19 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-11-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-30.htmlEUR/USD Resistance : 1,4850-60/ 1,4890-00/ 1,4930/ 1,4960/ 1,5000 Support : 1,4800-10/ 1,4760/ 1,4710-20/ 1,4680 Comment : Support at 1,4680 area managed to limit euro’s decline and the reach of the lower Bollinger in the daily chart, combined with the strong positive candle, indicate that a reversal is possible… Yesterday’s reaction led to 1,4840-60 resistance, but retracements remained weak. A rise resumption is possible if 1,4760-70 is held as support during retracements and an upward breakFri, 30 Oct 2009 11:20:43 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-26.htmlEUR/USD Resistance: 1,5030-35/ 1,5060-70/ 1,5100/ 1,5130/ 1,5160-70 Support : 1,5000/ 1,4960-70/ 1,4900-10/ 1,4870/ 1,4830-40/ 1,4800/ 1,4750 Comment : Euro is still in an uptrend and our first targets have been reached. The wider area of 1,5100 should be confirmed as an important technical resistance. However, retracements remain weak and the short term channel in the 4 hour chart is still valid, after the last base of 1,4480-4500. The area of 1,5100 should not be breached easily and we willMon, 26 Oct 2009 11:32:18 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-26.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-23.htmlEUR/USD Resistance : 1,5030-35/ 1,5060-70/ 1,5100/ 1,5130/ 1,5160-70 Support: 1,5000/ 1,4960-70/ 1,4900-10/ 1,4870/ 1,4830-40/ 1,4800/ 1,4750 Comment : Our lower targets were achieved during yesterday’s highs, but retracements remained weak, indicating that buyers still dominate. Important resistance emerges at 1,5100 area, which is the most possible target. As you can see in the daily chart two different channels are met at these levels and these levels should not be easily breached. NextFri, 23 Oct 2009 11:35:04 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-23.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-22.htmlEUR/USD Resistance:1,5000-10/ 1,5040-45/ 1,5080/ 1,5110/ 5135-45 Support:1,4690-70/ 1,4930/ 1,4900/ 1,4870/ 1,4840/ 1,4810-15/ Comment: Yesterday’s rise above 1.5000 was expected and our basic targets are being reached... The basic target from the break of the June-August sideways formation is 1.5100 area ( clear in the daily chart). We are cautious regarding the break of 1,5100, as a sideways formation which could be used as a base for a new rise, is possible. Another scenario would be theThu, 22 Oct 2009 10:38:25 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-22.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-20.htmlEUR/USD Resistance :1,4980-00/ 1,5030-35/ 1,5060-70/ 1,5100/ 1,5130 Support : 1,4900-20/ 1,4870/ 1,4830-40/ 1,4800/ 1,4750 Comment : Euro moved to new tops yesterday after the break of previous tops at 1,4950-70. The pair reached 1.5000 area but sellers made their appearance, leading to a small retracement. The area of 1,5000 is an important resistance and psychological level and is should not be breached easily… First important support today emerges at 1,4900-20, followed by the previous baseTue, 20 Oct 2009 10:21:20 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-19.htmlEUR/USD Resistance:1,4960-70/ 1,5000/ 1,5030-35/ 1,5060-70/ 1,5100/ 1,5130 Support : 1,4900-10/ 1,4870/ 1,4830-40/ 1,4800/ 1,4750 Comment: The area of 1,4950-00 could not be breached easily, as expected, but retracements remained weak in terms of the uptrend. Buy opportunities emerged during retracements and today euro is testing again 1,4950-70 area as resistance. First targets are set at 1,5100, followed by 1,5250-00 area. A move above previous tops and an upward break of the sidewaysMon, 19 Oct 2009 10:57:21 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-16.htmlEUR/USD Resistance :1,4960-70 / 1,5000-10/ 1,5040-45/ 1,5080/ 1,5110 Support :1,4900/ 1,4870/ 1,4840/ 1,4810-15/ 1,4790/ 1,4770/ 1,4750-60/ 1,4700 Comment : Euro’s rise was limited below 1,5000 area, confirming our scenario regarding the strong resistance levels of 1,4950-70. Even though the upward move was not strong enough to confirm the resumption of the move to higher levels, retracements remain weak and buyers still dominate. Crude oil has breached its wider sideways formation and stockFri, 16 Oct 2009 11:04:13 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-15.htmlEUR/USD Resistance:1,4960-70 / 1,5000-10/ 1,5040-45/ 1,5080/ 1,5110 Support :1,4925/ 1,4870/ 1,4840/ 1,4810-15/ 1,4790/ 1,4770/ 1,4750-60/ 1,4700 Comment: Euro formed new tops, as it moved towards our targets at 1,4950-60 area. Dollar’s sentiment remains negative. Commodities and equities moved to new highs and dollar is widely used for carry trade strategies. The wider area of 1,5000 will be our target today, while our basic target is set at 1,5100-30 (Target from the sideways formation inThu, 15 Oct 2009 09:15:28 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-15.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-14.htmlEUR/USD Resistance:1,4890-00/ 1,4920-30/ 1,4950-60/ 1,4970-80/ 1,5000-10/ 1,5050/ 1,5080/ 1,5110 Support :1,4850-60/ 1,4810-15/ 1,4790/ 1,4770/ 1,4750-60/ 1,4700 Comment : Dollar is still under pressure, and as a result euro is moving to new tops, close to 1,4900 area, confirming our basic scenario. Next target should be at 1,5100 area or higher. After yesterday’s tops, important resistance levels have been reached for the short term, as you can see in the 4 hour and hourly chart. ThisWed, 14 Oct 2009 09:20:49 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-14.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-09.htmlEUR/USD Resistance :1,4770-80/ 1,4800/ 1,4820/ 1,4840-50/ 1,4900 Support : 1,4700-10/ 1,4675-80/ 1,4650-601,4625-30/ 1,4590-00/ 1,4550 Comment: Euro moved towards our first targets at 1,4800-20, confirming our basic scenario, and then formed a correction, testing 1.4700 area as support. A sideways formation between 1,4600-50 and 1,4800-50 area, would be a possible scenario. We should also mention that gold, crude oil and stock indices have also reached important resistance levels and aFri, 09 Oct 2009 09:18:22 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-08.htmlEUR/USD Resistance :1,4770-80/ 1,4800/ 1,4820/ 1,4840-50/ 1,4900 Support :1,4735/ 1,4700/ 1,4675-80/ 1,4650-601,4625-30/ 1,4590-00/ 1,4550 Yesterday’s retracement reached 1,4650-70 area, where our targets and possible support levels, were set, and formed an upward reaction according to our scenario. Our first target remains at 1,4820, followed by 1,4840-50. Previous tops are found at these levels, along with targets from the break of the consolidation in the 4 hour chart. First support emergesThu, 08 Oct 2009 10:07:09 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-08.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-07.htmlEUR/USD Resistance:1,4750-70 / 1,4790-00 / 1,4830-50 / 1,4900 Support : 1,4700-15 / 1,4660-80 / 1,4600-30 / 1,4530-50 Comment : Euro rose yesterday for a third day in a row, due to the general dollar weakness. The upward trend line that is clear in the daily chart, was confirmed again and the upward reaction that is currently being formed is likely to lead euro to previous tops at 1,4830-50.. Important resistance was found yesterday at 1,4750-70, at previous tops and a retracement was formedWed, 07 Oct 2009 10:45:21 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-06.htmlEUR/USD Resistance:1,4725-30/ 1,4765-70/ 1,4800-10/ 1,4840-50/ 1,4900 Support : 1,4660-70/ 1,4625-30/ 1,4600/ 1,4580-85/ 1,4550/ 1,4500/ 1,4475-80 Comment : Retracements from 1,4650-70 are, were limited at 1,4600 according to our upward scenario, and the upward break that followed confirmed the short term downtrend reversal. Buyers seem to dominate and next target is likely to be at previous lows or even higher. First important resistance emerges at 1,4720-30, followed by a more important atTue, 06 Oct 2009 09:50:30 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-05.htmlEUR/USD Resistance :1,4640/ 1,4675-80/ 1,4715-20/ 1,4765-70/ 1,4800 Support : 1,4570/ 1,4545/ 1,4525/ 1,4500. 1,4475-80/ 1,4450/ 1,4420/ 1,4380 Comment : Non Farm Payrolls in US were disappointing and dollar rose at first, following the decline in equity markets, but the move was quickly reversed and first support levels were breached. The decline was limited below 1,4500 area, which is an important support and the reaction that followed, broke the resistance levels of 1,4600. As we hadMon, 05 Oct 2009 10:30:37 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-05.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-02.htmlEUR/USD Resistance:1,4580-00 /1,4615-30/ 1,4650-70 / 1,4700-30 Support : 1,4500-20 / 1,4480 / 1,4430-50 / 1,4380-00/ 1,4300-30 Comment : Euro declined yesterday against the dollar , as investors took profits after the negative economic news and ahead of the NFP release today.. Technically, yesterday’s decline reached the first important support levels at 1,4500-20 , and an upward reaction is being formed in the beginning of the European session. First intraday resistance emerges at 1,4570-80Fri, 02 Oct 2009 10:45:25 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-01.htmlEUR/USD Resistance :1,4640/ 1,4675-80/ 1,4715-20/ 1,4765-70/ 1,4800 Support: 1,4570/ 1,4545/ 1,4525/ 1,4500. 1,4475-80/ 1,4450/ 1,4420/ 1,4380 Comment : The upward reaction from 1,4520 important support, was continued as expected, an euro reached first resistance levels at 1,4670-80. The corrective move from 1.4527 lows is likely to be completed, but in case it is resumed, our target will be at 1,4430-60, which is the higher range in terms of the retracement. We will look for signs of strengthThu, 01 Oct 2009 09:03:50 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-10-01.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-30.htmlEUR/USD Resistance :1,4640/ 1,467580/ 1,4715-20/ 1,4765-70/ 1,4800 Support : 1,4570/ 1,4545/ 1,4525/ 1,4500. 1,4475-80/ 1,4450/ 1,4420/ 1,4380 Comment : Euro’s decline was resumed yesterday, close to important support levels at 1,4500-20 (low at 1,4527). The upward reaction that followed, was expected but is still in terms of a correction. We will look for more signs regarding the short term trend reversal from 1.4840-50 tops. As we mentioned yesterday, the basic trend remains bullish andWed, 30 Sep 2009 10:57:22 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-28.htmlEUR/USD Resistance:1,4620-30/ 1,4660-65/ 1,4690/ 1,4720-30/ 1,4750/ 1,4780/ 1,4800 Support: 1,4570/ 1,4545/ 1,4525/ 1,4500. 1,4475-80/ 1,4450/ 1,4420/ 1,4380 Comment : The week starts negative for euro, as it moved below the base of 1,4600, confirming the short term trend reversal and the short term tops formation. The downward break of the first important support levels in stock indices and crude oil, indicate that the decline is likely to be resumed. Next important support levels emerge atMon, 28 Sep 2009 09:39:43 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-28.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-25.htmlEUR/USD Resistance: 1,4680/ 1,4710. 1,4740/ 1,4760/ 1,4800/ 1,4830-40 Support: 1,4650/ 1,4610/1,4570-80/ 1,4550/ 1,4520. Comment : Euro declined yesterday as reactions were limited at 1,4800, according to our scenario. The move was extended below the support levels we had indicated at 1,4650 area and almost reached the area of 1,4610. This is a sign that the bearish strength has grown and we should be cautious. These support levels are strong as you can see in the 4 hour chart and a possibleFri, 25 Sep 2009 10:08:34 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-25.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-23.htmlEUR/USD Resistance :1,4840-50/ 1,4880/ 1,4910-30/ 1,4960/ 1,5000 Support : 1,4770/ 1,4740/ 1,4700-10/ 1,4675-80/ 1,4650/ 1,4610-20/ 1,4570 Comment : Euro was expected to move to new tops after Monday’s daily close and the market’s reaction at 1,4620-40 support levels. Important technical resistance emerges at 1,4860-4920 area and a correction is likely to be formed from these levels. However the rise could be resumed after this correction. As we had mentioned in previous analysis, the outlookWed, 23 Sep 2009 10:44:08 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-23.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-22.htmlEUR/USD Resistance :1,4730-40/ 1,4765/ 1,4780/ 1,4800-10/ 1,4850/ 1,4880/ 1,4910 Support : 1,4630-40/ 1,4600-10/ 1,4550-60/ 1,4500-10/ 1,4450 Comment : Euro’s corrective move was limited at the first important support at 1,4620-30 (low at 1,4612) and the rise was resumed above 1,4700. The appearance of buyers at the first important support levels and the fact that dollar remained weak despite the correction in stock markets and oil, prove that euro’s rise is likely to be resumed. A sidewaysTue, 22 Sep 2009 11:08:01 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-22.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-21.htmlEUR/USD Resistance : 1,4685-95/1,4730-40/ 1,4765/ 1,4780/ 1,4800-10/ 1,4850/ 1,4880/ 1,4910 Support: 1,4630-40/ 1,4600-10/ 1,4550-60/ 1,4500-10/ 1,4450 Comment : Euro’s rise seems to have paused for the moment, as 1.4700 area could not be clearly breached. However the move is likely to be resumed to higher levels, according to the weekly chart and the break of the three month sideways formation. The lack of economic announcement in the first two days of the week, allows a corrective move or aMon, 21 Sep 2009 10:18:16 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-21.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-18.htmlEUR/USD Resistance : 1,4740-50/ 1,4765/ 1,4780/ 1,4800-10/ 1,4850/ 1,4880/ 1,4910 Support: 1,4685-95/ 1,4640-50/ 1,4600-10/ 1,4550-60/ 1,4500-10/ 1,4450 Comment : Euro formed new tops once again, reaching 1,4765 area. The move is similar to the previous reach of 1,4620 and 1,4650-70 area, but in that case it managed to move to new highs. The oscillators are in overbought areas in all charts… Our strategy remains the same. Until we see some bearish signs, for example the break of the firstFri, 18 Sep 2009 11:31:43 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-18.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-17.htmlEUR/USD Resistance: 1,4760/ 1,4785/ 1,4800-10/ 1,4850/ 1,4875-80/ 1,4900 Support: 1,4725-30/ 1,4700-10/ 1,4640-50/ 1,4600-10/ 1,4540-50 Comment: Euro formed new tops again and the uptrend is clear. A break of 1,4700-30 resistance indicates that the rise is likely to be continued and only a big reversal and move below 1,4600 at first and then 1,4500 area, would bring optimism to sellers. In the weekly chart we can see that the consolidation from the summer has led to a base formation and theThu, 17 Sep 2009 11:06:26 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-16.htmlEUR/USD Resistance: 1,4680/ 1,4700/ 1,4725-30/ 1,4780/ 1,4810/ 1,4835/ 1,4860/ 1,4900 Support : 1,4635-40/ 1,4600/ 1,4560/ 1,4530/ 1,4500/ 1,4480/ 1,4450/ 1,4420/ 1,4380-00 Comment : Euro formed new tops at 1,4680, as the slow but steady rise continues and retracements remain shallow. The upper part of the upward channel is tested but the sentiment remains bullish. Next important resistance, in case of an upward break of the channel, emerges at 1,4720-30, but it is very likely to be breached.Wed, 16 Sep 2009 12:08:50 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-15.htmlEUR/USD Resistance : 1,4600/ 1,4630/ 1,4650-60/ 1,4690-00/ 1,4730/ 1,4780 Support: 1,4575-80/ 1,4535-40/ 1,4500/ 1,4450-60/ 1,4400-10/ 1,4350 Comment : Euro formed new highs, as it reached our targets at 1,4650. As we have mentioned in previous analysis and you can see in today’s charts, the upper part of the sideways formation is found at 1,4650 area and it is also the target of upward break from the previous consolidation above 1,4450. We remain cautious regarding the rise, because despiteTue, 15 Sep 2009 10:38:22 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-15.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-14.htmlEUR/USD Resistance : 1.4550 / 1,4600/ 1,4625-30/ 1,4650/ 1,4670-75/ 1,4700 Support: 1,4500/ 1,4480/ 1,4450/ 1,4420/ 1,4380-00 Comment : The area of 1,4630 could not be breached on Friday, and as a result, euro is starting this week downwards, towards 1,4500, which is an important support level. As we have mentioned before, the rise towards 1,4400-50 was not strong enough to confirm a clear break that would lead us to much higher levels and this is why we are skeptical regarding the riseMon, 14 Sep 2009 10:06:39 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-14.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-11.htmlEUR/USD Resistance: 1,4600/ 1,4625-30/ 1,4650/ 1,4670-75/ 13,4700/ 1,4725-30/ 1,4780 Support : 1,4550/ 1,4530/ 1,4500/ 1,4480/ 1,4450/ 1,4420/ 1,4380-00 Comment : Support at 1,4500 was confirmed during yesterday’s correction and euro formed an upward reaction towards new tops. All signs now indicate that a trend is formed and a move to higher levels is possible. Open sell orders regarding the longer term should be reevaluated, and sell orders in the short term should be kept small with closeFri, 11 Sep 2009 10:56:20 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-11.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-10.v02.htmlEUR/USD Resistance: 1,4600/ 1,4625-30/ 1,4650/ 1,4670-75/ 13,4700/ 1,4725-30/ 1,4780 Support: 1,4550/ 1,4530/ 1,4500/ 1,4480/ 1,4450/ 1,4420/ 1,4380-00 Comment: Euro moved to new tops, against our expectations that the rise was about to end at 1,4500-50 area. The move however does not indicate a clear break (it was less than 150 pips) , but retracements remain weak and we should be cautious. For now, we will follow the trend. Technically, as you can see in the daily and 4 hour chart, importantThu, 10 Sep 2009 11:23:50 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-10.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-09.htmlEUR/USD Resistance: 1,4480/ 1,4500/ 1,4520/ 1,4550-55/ 1,4580/ 1,4600 Support: 1,4440/1,4400/ 1,4380/ 1,4340/ 1,4300/ 1,1270/ 1,1240 Comment: Euro rose yesterday towards 1.4530-40, forming new highs for this year. These levels were slightly higher from our targets, regarding the triangle formation scenario. Technically, euro has tested the ranges of the triangle formation as you can see in the daily chart, but the upper part of the short term rising channel is more clear in the 4 hour chart. AWed, 09 Sep 2009 09:50:48 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-08.htmlEUR/USD Resistance: 1,4400/ 1,4440-50/ 1,4480/ 1,4500/ 1,4520/ 1,4550-55/ 1,4580/ 1,4600 Support: 1,4380/ 1,4340/ 1,4300/ 1,1270/ 1,1240 Comment: Euro moved sideways yesterday as US markets were closed. Today starts positive and euro is moving higher above 1.4400 towards 1,4440-50 tops, which is now a possible target. As we mentioned in our analysis yesterday, new tops are likely to be formed and a move towards 1.4500-20 is possible. However, the move above 1,4500 should be sharp and euroTue, 08 Sep 2009 09:30:06 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-08.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-07.htmlEUR/USD Resistance : 1,4370-75/ 1,4400/ 1,4425/ 1,4450/ 1,4490/ 1,4550/ 1,4550-60 Support : 1,43101,4270-80/ 1,4250/ /1,4200/ 1,4175/ 1,4150/ 1,4100 Comment : Non Farm Payrolls on Friday, were not able to cause a meaningful reaction to the market, as the dollar rose at first but found resistance at 1,4200 area, which resulted in a new downward move. A sideways consolidation is formed in the short term between 1,4180-00 and 1,4380-00 area. The area of 1,4380-00 is tested again and bears areMon, 07 Sep 2009 10:36:41 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-04.htmlEUR/USD Resistance: 1,4300/1,4340/ 1,4360-70/ 1,4440/ 1,4440-50 Support: 1,4280/ 1,4240-50/ 1,4200/ 1,4150 Comment: ECB decided to keep interest rates on hold and Trichet’s speech could not lead to a new trend formation for EUR/USD, and as a result the price remains within the sideways formation. There is not much to add to our previous analysis. The ranges of the consolidation are set between 1.4400 ,1.4450, and 1.4180-00, 1.4000 area Non Farm Payrolls and the unemployment rate are due toFri, 04 Sep 2009 10:01:58 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-04.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-03.htmlEUR/USD Resistance: 1,4330/ 1,4360-70/ 1,4440/ 1,4440-50 Support: 1.4300/1,4280/ 1,4240-50/ 1,4200/ 1,4150 Comment: Euro moved back above 1,4200 area and 1,4300 is tested now, confirming the short term sideways formation between 1,4200 and 1,4400 area. The decline resumption towards the ranges of the wider sideways formation (1,4000) will probably be delayed, as the upward reaction breached the retracement ranges in terms of a downtrend. Important resistance today emerges at 1,4320 andThu, 03 Sep 2009 09:31:54 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-03.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-02.v02.htmlEUR/USD Resistance : 1,4240-50/ 1,4280-85/ 1,4310/ 1,4345-50/ 1,4400 Support: 1.4200/ 1,417580/ 1,4120-30/ 1,4100/ 1,4080 Comment : Technically euro is trading within the ranges of a sideways consolidation and its upper ranges were tested at 1,4400-50 area. Yesterday’s move below 1,4200 and the break of the short term wedge formation (4 hour chart), indicate that a decline resumption towards lower levels is possible. A possible target will be at 1,4050-80 area. This scenario will be valid, asWed, 02 Sep 2009 09:24:02 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-02.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-01.htmlEUR/USD Resistance: 1,4370-75/ 1,4400/ 1,4425/ 1,4450/ 1,4490/ 1,4550/ 1,4550-60 Support : 1,43101,4270-80/ 1,4250/ /1,4200/ 1,4175/ 1,4150/ 1,4100 Comment : Dollar remained weak in the beginning of the week, despite the weakness in crude oil and stock markets, moving above 1,4300 area. The upper range of the sideways consolidation is tested again and the market’s reaction at1,4400-10 and 1,4440-50 area, will give more indications. A clear break of 1,4450 will have as first target the area ofTue, 01 Sep 2009 11:02:25 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-09-01.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-08-31.htmlEUR/USD Resistance: 1,4300/ 1,4320-25/ 1,4370-75/ 1,4400/ 1,4425/ 1,4450 Support : 1,4250/ /1,4200/ 1,4175/ 1,4150/ 1,4100 Comment : The area of could 1,4400 not be breached again, as expected, and bears gained momentum leading euro below 1,4300 area. The sideways consolidation continues between 1,4200 and 1,4400 area, while its wider range is between 1,4000 and 1,4450. The upper part of the sideways formation was confirmed again and support should be tested. First support area emerges atMon, 31 Aug 2009 10:58:16 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-08-31.htmlhttp://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-08-13.htmlEUR/USD Resistance:1,4250/ 1,4280/ 1,4300-10/ 1,4330-35/ 1,4365-70/ 1,4400/ 1,4440-50 Support :1,4200/ 1,4180/ 1,4150-60/ 1,4100/ 1,4180/ Comment : Market have grown more optimistic after yesterday’s Fed announcement, but dollar moved lower after the initial high volatility. The upward reaction from 1,4100 was technically expected, due to the sharp decline in the previous days and the oversold condition of the oscillators. The area of 1.4100 was also an important support level and bulls wereThu, 13 Aug 2009 10:15:09 GMThttp://www.fxstreet.com/technical/analysis-reports/trading@fxgreece.gr (FXGreece)http://www.fxstreet.com/technical/analysis-reports/currency-technical-report/2009-08-13.html