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EUR/USD Daily Technical Forex

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EUR/USD Daily Technical Forex

Thu, Jun 19 2008, 07:50 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:50 CET is 1.5538, trading above the daily pivot point level of 1.5511 and still trapped in the range marked out by the daily Bollinger bands at 1.5330 and 1.5810. The 14 day ADX, now at 13, reflects the directionless status of this currency pair. Pivot point related resistance levels for today are at 1.5561 and then 1.5588. Support levels are at 1.5484 and then 1.5434.

Published on  Thu, Jun 19 2008, 07:50 GMT

EUR/USD Daily Technical Forex

Tue, Jun 17 2008, 12:05 GMT
by Timothy Straiton

Stoploss.ch

Current level at 14:05 CET is 1.5479, trading above the daily pivot point at 1.5445 and still unable to break out of the range marked by daily Bollinger bands at 1.5325 and 1.5845. The 14 day ADX is showing a relatively low value of 14, which reflects the lack of directional force in this currency pair at present. There are however a few signs of weakness becoming evident - We are trading below the daily Ichimoku cloud base at 1.5560 and the 55 day moving average is falling and currently at 1.5630. The daily MACD oscillator also remains beneath the zero line. Should an acceleration to the downside materialize, then we would focus on the 1.4966 level, which marks the Fibonacci 61.8 percent retracement of the 1.4311 - 1.6017 range and also 1.4930 which marks the rising 200 day moving average.

Published on  Tue, Jun 17 2008, 12:05 GMT

EUR/USD Daily Technical Forex

Thu, Jun 12 2008, 08:50 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:49 CET is 1.5434, trading below the daily pivot point level of 1.5530, having bounced off second support and 1.5397 this morning. Although this currency pair has been stuck in a narrow range for the past six weeks, there are signs of weakness emerging gradually. We have finally managed to break below the daily Ichimoku cloud base at 1.5495 and now need to soon see a follow-through to the downside. Should this not materialize then we should expect a continuation of the range trading within the 1.5350 1.5850 bandspread. The Fibonacci 38.2 percent retracement level of the 1.4311 -1.6017 range comes in at 1.5360 and has stemmed the downside already on three occasions within the past 3 months. The daily MACD oscillator is falling and is below the zero line while daily standard error bands are now poised to the downside. Pivot point related resistance levels for today are to be found at 1.5610 and then 1.5667.

Published on  Thu, Jun 12 2008, 08:50 GMT

EUR/USD Daily Technical Forex

Tue, Jun 10 2008, 06:39 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:38 CET is 1.5585, trading below the daily pivot point level of 1.5701, having held above first support at 1.5559 throughout Asian trade. Second support is to be encountered at 1.5477. The daily picture lacks directional force with the upside being slightly favoured. Daily Bollinger and standard error bands are pitched mildly to the upside and the daily Ichimoku cloud is bracketed within the 1.5400 - 1.5660 range. Pivot point related resistance levels for today are set at 1.5783 and then 1.5925.

Published on  Tue, Jun 10 2008, 06:39 GMT

EUR/USD Daily Technical Forex

Thu, Jun 5 2008, 07:53 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:52 CET is 1.5438, close to the daily pivot point level of 1.5443 and having managed to stage consecutive lower lows over the past 3 days. Levels to watch on the downside are the Fibo 38.2 percent retracement at 1.5365, measured over the 1.4311 - 1.6017 range, followed by the daily Ichimoku cloud base at 1.5317. Daily standard error bands are poised to the downside while the 14 day ADX is rising, which suggests that the downside is in the course of gathering momentum. Pivot point related support levels for today are set at 1.5401 and then 1.5379. Resistance levels are at 1.5465 and then 1.5507.

Published on  Thu, Jun 5 2008, 07:53 GMT

EUR/USD Daily Technical Forex

Mon, Jun 2 2008, 07:27 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:27 CET is 1.5532, trading close to the daily pivot point level of 1.5529 and tentatively probing the downside. Daily Bollinger and standard error bands are flat and the 14 day ADX is static at 18, indicating a lack of direction at present. The daily MACD has fallen below the zero line while the 55 day moving average at 1.5653 is now poised to the downside. The daily Ichimoku cloud, bounded by 1.5315 and 1.5735 encapsules current market activity. Pivot point related support levels for today are set at 1.5488 and then 1.5420. Resistance levels are at 1.5596 and then 1.5637.

Published on  Mon, Jun 2 2008, 07:27 GMT

EUR/USD Daily Technical Forex

Thu, May 29 2008, 07:46 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:45 CET is 1.5603, trading under the daily pivot point level of 1.5671 and flirting with first support at 1.5581. The daily picture remains directionless with the 14 day ADX at 17 and falling. Daily Bollinger and standard error bands are flat. The 55 day moving average has now begun to decline and is currently at 1.5660. Market activity is bogged down within the daily Ichimoku cloud, bracketed by the 1.5276 - 1.5755 range. The daily MACD oscillator is close to falling below the zero line, but the current low level of directional force suggests that the downside may well be limited. Pivot point related resistance levels for today are marked out at 1.5734 and then 1.5823. Second support is at 1.5519.

Published on  Thu, May 29 2008, 07:46 GMT

EUR/USD Daily Technical Forex

Mon, May 26 2008, 07:38 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:38 CET is 1.5770, trading above the daily pivot point level of 1.5750 and having managed to break above the daily Ichimoku cloud top at 1.5745. Although directional movement is not evident at the present time, this currency pair is drifting to the upside as reflected in the rising daily Bollinger and standard error bands. Pivot point related resistance levels for today are set at 1.5803 and then 1.5845. Support levels are at 1.5708 and then 1.5655.

Published on  Mon, May 26 2008, 07:38 GMT

EUR/USD Daily Technical Forex

Thu, May 22 2008, 09:13 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:13 CET is 1.5759, trading above the daily pivot point level of 1.5742, having seen a high of 1.5813 in early European trade. A break below the pivot point at 1.5742 would also mean a break below the rising short-term support line measured from the 1.5506 low on the 20th May. The daily picture, however remains positive. We are trading above the daily Ichimoku cloud top which is at 1.5734 and daily MACD has moved above the zero line. Daily Bollinger and standard error lines are also poised to the upside. Pivot point related resistance levels for today are set at 1.5852 and then 1.5909 ahead of the all-time high of 1.6017. Support levels are set at 1.5684 and then 1.5574.

Published on  Thu, May 22 2008, 09:13 GMT

EUR/USD Daily Technical Forex

Tue, May 20 2008, 09:51 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:52 CET is 1.5632, trading above the daily pivot point level of 1.5546 and also above first resistance at 1.5606. Second resistance is set at 1.5693. Movements over the past two weeks reveal a chain of higher highs and higher lows. Daily standard error bands are poised to the upside while the daily Ichimoku cloud top is nearby at 1.5655. While recent market activity has been choppy, the overall tendency has been characterized by a gradual edging to the upside, which may well gain momentum and challenge the previous high of 1.6017. Pivot point related support levels for today are set at 1.5459 and then 1.5398.

Published on  Tue, May 20 2008, 09:51 GMT

EUR/USD Daily Technical Forex

Mon, May 19 2008, 07:56 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:57 CET is 1.5598, trading above the daily pivot point level of 1.5539 and finding the direction of least resistance to the upside. Daily MACD is about to cross the zero line to the upside, while daily standard error bands bands are poised to the upside. Bollinger bands continue to contract. Resistance levels nearby are the rising 55 day moving average, currently at 1.5615, the Fibonacci 23.6 percent retracement at 1.5610, measured from the 1.4311- 1.6017 range and the daily Ichimoku cloud top at 1.5655. Pivot point related resistance levels for today are set at 1.5641 and then 1.5704. Support levels are at 1.5477 and then 1.5375.

Published on  Mon, May 19 2008, 07:56 GMT

EUR/USD Daily Technical Forex

Thu, May 15 2008, 09:30 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:30 CET is 1.5506, trading above the daily pivot point level of 1.5454, having tested second resistance at 1.5544 and subsequently retreating. The daily picture reveals evaporating downside momentum with MACD about to cross above the zero line. Bollinger bandwidth is contracting while the 14 day ADX is at 24 and falling. The 1.5615 level is the next immediate upside target, corresponding to the Fibonacci 23.6 percent retracement of the 1.4311 - 1.6017 range. Pivot point related support levels for today are set at 1.5421 and then 1.5364.

Published on  Thu, May 15 2008, 09:30 GMT

EUR/USD Daily Technical Forex

Tue, May 13 2008, 08:10 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:10 CET is 1.5529, trading above the daily pivot point level of 1.5492 with subsiding downside pressure evident. Daily Bollinger and standard error bands are still poised slightly to the downside, however this market is having difficulty eating its way down into the daily Ichimoku cloud which is encapsuled within the 1.5172 - 1.5614 bracket. Trendless activity within the 1.53 -1.56 range seems to be the most likely scenario for the time being. Pivot point related support levels for today are set at 1.5413 and then 1.5287. Resistance levels are at 1.5617 and then 1.5696.

Published on  Tue, May 13 2008, 08:10 GMT

EUR/USD Daily Technical Forex

Fri, May 9 2008, 07:21 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:20 CET is 1.5452, trading above the daily pivot point of 1.5373 and also above the hourly Ichimoku cloud top at 1.5437. Hourly indicators suggest more upside potential in store today although the daily picture remains on the defensive with falling Bollinger and standard error bands while the daily MACD is still in negative territory. Pivot point related resistance levels for today are set at 1.5460 and then 1.5527. Support levels are at 1.5303 and then 1.5215.

Published on  Fri, May 9 2008, 07:21 GMT

EUR/USD Daily Technical Forex

Thu, May 8 2008, 09:42 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:42 CET is 1.5337, trading below the daily pivot point level of 1.5431, having traded down as low as 1.5286 in Asian business. Daily Bollinger and standard error bands remain poised to the downside and daily MACD is below the zero line. This market is eating its way down into the daily Ichimoku cloud, currently marked out within the 1.5172 - 1.5553 bracket. The current move reflects more Euro weakness than US$ strength. Fibonacci retracement levels to watch, based on the recent 1.4311 - 1.6017 range, are 1.5360 (38.2), 1.5160 (50%) and then 1.4960 (61.8%). Pivot point related support levels for today are set at 1.5329 and then 1.5264. Resistance levels are at 1.5496 and then 1.5600.

Published on  Thu, May 8 2008, 09:42 GMT

EUR/USD Daily Technical Forex

Wed, May 7 2008, 07:02 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:00 CET is 1.5490, trading below the daily pivot point level of 1.5525, having seen a high yesterday of 1.5595 and a low of 1.5453. Both daily and hourly Bollinger and standard error bands are poised to the downside while daily MACD remains below the zero line. These indications reflect the difficulty the EUR has to make headway at present. The daily Ichimoku cloud (1.5133 - 1.5527) which has managed to ward off attacks to the downside over the past two months seems to be losing its protective effect. Pivot point related support levels for today are set at 1.5456 and then 1.5383. Resistance levels are at 1.5598 and then 1.5667.

Published on  Wed, May 7 2008, 07:02 GMT

EUR/USD Daily Technical Forex

Tue, May 6 2008, 14:52 GMT
by Timothy Straiton

Stoploss.ch

Current level at 12:15 CET is 1.5523, trading above the daily pivot point level of 1.5481, having found temporary support on the Fibonacci 38.2 percent retracement at 1.5360, measured over the 1.4311 - 1.6017 range. The daily picture remains on the defensive with falling Bollinger and standard error bands. The daily Ichimoku cloud is marked out by 1.5133 and 1.5480 and has been able to ward off attacks to the downside up to now. The rising 55 day moving average is at 1.5533 and the rising 200 day moving average is at 1.4642. Pivot point related resistance levels for today are set at 1.5535 and then 1.5574. Support levels are at 1.5442 and then 1.5388.

Published on  Tue, May 6 2008, 14:52 GMT

EUR/USD Daily Technical Forex

Fri, Apr 25 2008, 08:52 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:50 CET is 1.5583, trading below the daily pivot point level of 1.5730. The long awaited correction to the downside is now unfolding and the first downside target is the daily Ichimoku cloud top, currently at 1.5425, followed by the Fibo 38.2 percent retracement level of 1.5360, measured over the recent 1.4311 - 1.6020 range. Pivot point related support levels for today are to be found at 1.5578 and then 1.5485. Resistance levels are at 1.5824 and then 1.5977.

Published on  Fri, Apr 25 2008, 08:52 GMT

EUR/USD Daily Technical Forex

Thu, Apr 24 2008, 08:52 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:50 CET is 1.5752, trading well below the daily pivot point of 1.5916 and also below second support at 1.5775 and thus likely to have exhausted the downside potential for today. Daily Bollinger and standard error bands are poised flat to negative while the daily MACD has remained below the zero line since the 31st of March. The first major barrier for the downside is 1.5410 which marks the daily Ichimoku cloud top, followed by 1.5360 which marks the Fibonacci 38.2 percent retracement of the recent 1.4311 - 1.6020 range. The rising 55 day moving average is now positioned at 1.5398. It would be premature to tax this move as a radical change in trend. Many similar corrective phases in the past have been limited in their duration.

Published on  Thu, Apr 24 2008, 08:52 GMT

EUR/USD Daily Technical Forex

Wed, Apr 23 2008, 09:14 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:13 CET is 1.5964, trading above the daily pivot point level of 1.5951. Hourly Bollinger and standard error bands are poised slightly to the downside. The daily picture remains bullish although falling ADX values reflect the lacklustre mood of this market which appears to be edging its way to the upside in an unspectacular manner, having remained constantly 9 percent above its 200 day moving average for 4 weeks in a row. Attacks to the downside will meet with support at the daily Ichimoku cloud which is encapsuled within the 1.5133 - 1 5405 range. Pivot point related support levels for today are at 1.5881 and then 1.5765. Resistance levels are at 1.6067 and then 1.6135.

Published on  Wed, Apr 23 2008, 09:14 GMT

EUR/USD Daily Technical Forex

Tue, Apr 22 2008, 07:22 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:22 CET is 1.5869, trading below the daily pivot point level of 1.5884. Falling hourly Bollinger and standard error bands reflect short-term downside bias. Pivot point related support levels are at 1.5820 and then 1.5727. Resistance levels are at 1.5976 and then 1.6040. The hourly Ichimoku cloud is contained within the 1.5844 - 1.5824 range which could well act as a buffer against further downside erosion. The daily picture remains positive but still lacking directional force.

Published on  Tue, Apr 22 2008, 07:22 GMT

EUR/USD Daily Technical Forex

Mon, Apr 21 2008, 11:48 GMT
by Timothy Straiton

Stoploss.ch

Current level at 13:47 CET is 1.5904, trading above the daily pivot point level of 1.5829 after having seen a correction to the downside on Friday as far as 1.5712. Hourly Bollinger and standard error bands are poised to the upside and reflect the positive short-term trend. Pivot point related resistance levels for today are at 1.5945 and then 1.6074. Support levels are at 1.5700 and then 1.5584. Although the daily picture is still positive, a falling 14 day ADX suggests that random short-term moves are to be expected. The Fibonacci 261.8 percent projection target of the 1.1643 - 1.3668 range comes in at 1.6980 which should cap the medium-term potential for this currency pair.

Published on  Mon, Apr 21 2008, 11:48 GMT

EUR/USD Daily Technical Forex

Wed, Apr 16 2008, 10:28 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:31 CET is 1.5899, trading above the daily pivot point level of 1.5806 and also above first resistance of 1.5861. Second resistance is close at 1.5930. Both daily and hourly time frames point to a bullish environment. Both daily and hourly Bollinger and standard error band values are poised to the upside. Pivot point related support levels are to be encountered at 1.5737 and thereafter at 1.5682. The 261.8 percent Fibonacci projection target based on the 1.1643 - 1.3668 range comes in at 1.6975 and this would be the ultimate upside target objective.

Published on  Wed, Apr 16 2008, 10:28 GMT

EUR/USD Daily Technical Forex

Thu, Mar 27 2008, 08:59 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:58 CET is 1.5749, trading below the daily pivot point level of 1.5760, having seen a high in late US trade of 1.5859, a hairsbreadth from the all-time high of 1.5903. Falling 14 day ADX from a relatively high value suggests that a period of consolidation is ahead of us. Daily Bollinger bands are now flattening off and the 14 day RSI at 71 percent is in overbought territory. Even if the 1.5903 level is broken, the resulting upside reaction will probably be short-lived. Looking to the downside, a break of 1.5340 would give us a double top formation and open up the downside to possibly target 1.4966. Pivot point related resistance levels for today are set at 1.5934 and then 1.6034. Support levels are to be encountered at 1.5660 and then 1.5485.

Published on  Thu, Mar 27 2008, 08:59 GMT

EUR/USD Daily Technical Forex

Wed, Mar 26 2008, 10:03 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:02 CET is 1.5716, trading above the daily pivot point level of 1.5566. A retest of the previous high of 1.5903 may well be on the cards, however we are now already drifting into overbought territory again with the 14 day RSI at 71 percent. The daily RSI should be monitored closely over the next week as bearish divergence could well develop and signalize considerable downside potential. Pivot point related resistance levels today are set at 1.5721 and then 1.5813. The 76.4 percent Fibo retracement of the recent 1.5345 - 1.5903 range comes in at 1.5770. Support levels are set at 1.5475 and then 1.5320.

Published on  Wed, Mar 26 2008, 10:03 GMT

EUR/USD Daily Technical Forex

Tue, Mar 25 2008, 10:29 GMT
by Timothy Straiton

Stoploss.ch

Currrent level at 11:28 CET is 1.5543, trading above the daily pivot point level of 1.5405 and also above second resistance marked at 1.5520. Hourly Bollinger and standard error bands are poised to the upside and we are trading above the hourly Ichimikou cloud top which is currently at 1.5474. Further upside resistance levels are to be encountered at 1.5554, 1.5620 and 1.5685, which represent the Fibonacci 38.2, 50.0 and 61.8 percent retracement levels of the recent 1.5901 - 1.5339 range. Pivot point related support levels for today are set at 1.5365 and then 1.5295.

Published on  Tue, Mar 25 2008, 10:29 GMT

EUR/USD Daily Technical Forex

Thu, Mar 20 2008, 08:41 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:39 CET is 1.5552, trading below the daily pivot point level of 1.5668 in a corrective phase after two bearish candlestick patterns appeared on the daily charts on the 17th and 18th of this month. Hourly Bollinger and standard error bands are poised to the downside. Pivot point related support levels for today are set at 1.5552 and then 1.5466. Resistance levels are to be encountered at 1.5755 and then 1.5871. The 14 day RSI is now at 63 percent and the overbought status seen over the past 2 weeks is now gradually being unwound. Daily MACD is close to breaking below the zero line which suggests that more downside is ahead of us in the days to come. The ultimate test for the downside would be the 1.4966 level which if broken, would cap the current bullish trend and put focus on the long term rising trendline support at 1.3960. The current price is 8.6 percent above the rising 200 day moving average which is now 1.4306.

Published on  Thu, Mar 20 2008, 08:41 GMT

EUR/USD Daily Technical Forex

Mon, Mar 17 2008, 11:31 GMT
by Timothy Straiton

Stoploss.ch

Current level at 12:30 CET is 1.5771, trading well above the daily pivot point level of 1.5631, having seen a high in Asian trade of 1.5903. First resistance at 1.5730 has contained the downside so far today. The 14 day RSI is now at 85 percent and has been above 70 since the 27th February. This and the fact that the 14 day ADX is currently above 45 suggests that we are in a strong acceleration phase which could bring us rapidly to the Fibonacci 261.8 percent projection target at 1.6970, measured over the 1.1643 - 1.3668 range. Similar market behaviour was demonstrated in US$/CAD in early November last year when we plunged rapidly to 0.9060 and thereafter saw no further significant market pressure.

Published on  Mon, Mar 17 2008, 11:31 GMT

EUR/USD Daily Technical Forex

Fri, Mar 14 2008, 13:35 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:50 CET is 1.5558, trading below the daily pivot point level of 1.5596, having flirted with first support at 1.5545. A break here would bring second support at 1.5473 into focus. Hourly Bollinger and standard error bands are poised to the downside. The daily picture remains bullish with Bollinger and standard error bands poised to the upside, although the overbought status has yet to be unwound (The 14 day RSI has remained above 70 percent since 27th Feb). The 261.8 percent upside Fibonacci projection target, measured over the 1.1643 - 1.3668 range is at 1.6970. Pivot point related resistance levels for today are set at 1.5669 and then 1.5719.

Published on  Fri, Mar 14 2008, 13:35 GMT

EUR/USD Daily Technical Forex

Wed, Feb 27 2008, 09:05 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:03 CET is 1.5067, trading above the daily pivot point of 1.4946 and also above the hourly Ichimoku cloud top at 1.4820. The break of the previous high of 1.4966 yesterday has set the focus on the Fibonacci 38.2 percent projection target at 1.5730, measured over the 0.8230 - 1.3668 range. However, this does not necessarily mean that the journey will be directly up. The 14 day RSI is now at 70 percent and we are trading over 6 percent above the 200 day moving average. Thus the air is getting rather thin up here. Pivot point related resistance levels for today are 1.5113 and then 1.5216. Support levels are at 1.4844 and then 1.4677.

Published on  Wed, Feb 27 2008, 09:05 GMT

EUR/USD Daily Technical Forex

Mon, Feb 25 2008, 09:29 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:27 CET is 1.4824, trading marginally below the daily pivot point at 1.4826 but above the hourly Ichimoku cloud top at 1.4789. The daily picture remains positive with Bollinger and standard error bands poised to the upside, while the longer term moving averages are also trending upwards. Pivot point related resistance levels for today are set at 1.4863 and then 1.4900. Support levels are at 1.4789 and then 1.4752. A break of the previous high at 1.4966 would set focus on the 38.2 percent Fibonacci projection target at 1.5725, measured over the 0.8230 - 1.3668 range.

Published on  Mon, Feb 25 2008, 09:29 GMT

EUR/USD Daily Technical Forex

Fri, Feb 22 2008, 10:54 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:53 CET is 1.4838, trading above the daily pivot point level of 1.4787 and closing in on the previous high of 1.4966 made on the 23rd November last year. Both daily and hourly Bollinger and standard error bands are poised lightly to the upside and we are trading well above the daily Ichimoku cloud top, currently at 1.4686. Pivot point related resistance today is located at 1.4870 and thereafter at 1.4922. Support levels are at 1.4735 and then 1.4652. A break of the previous high at 1.4966 would set focus on 1.5740, being the Fibonacci 38.2 percent projection target, measured over the 0.8230 - 1.3668 range.

Published on  Fri, Feb 22 2008, 10:54 GMT

EUR/USD Daily Technical Forex

Thu, Feb 21 2008, 09:25 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:23 CET is 1.4745, trading above the daily pivot point level of 1.4686 and also above the hourly Ichimoku cloud top at 1.4718. Hourly Bollinger and standard error bands are poised to the upside while daily values of the same indicators are flat. Pivot point related resistance levels for today are set at 1.4757 and then 1.4803, ahead of the Fibonacci 23.6 percent retracement level at 1.4810, measured over the 1.4311 - 1.4966 range. Support levels are at 1.4641 and then 1.4570. The daily MACD oscillator has risen above the zero line and suggests that this market has still more upside potential.

Published on  Thu, Feb 21 2008, 09:25 GMT

EUR/USD Daily Technical Forex

Wed, Feb 20 2008, 08:45 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:45 CET is 1.4716, trading close to the daily pivot point of 1.4709 and above the hourly Ichimoku cloud top at 1.4684. The daily Ichimoku cloud top is at 1.4688 while long term moving averages are still poised to the upside. The next important resistance is the Fibonacci 23.6 percent retracement at 1.4810, measured over the 1.4311 - 1.4966 range. Pivot point related resistance levels for today are set at 1.4775 and then 1.4824. Support levels are at 1.4660 and then 1.4594. The overall technical picture remains constructive although lacking directional force.

Published on  Wed, Feb 20 2008, 08:45 GMT

EUR/USD Daily Technical Forex

Mon, Feb 18 2008, 10:27 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:25 CET is 1.4635, trading below the daily pivot point level of 1.4674 and just under first support at 1.4639. Second support comes in at 1.4596. Hourly Bollinger and standard error bands are poised to the downside while daily values of the same indicators are poised slightly to the upside thus portraying the lethargic status of this currency pair at the present time. The daily Ichimoku cloud base is at 1.4638. Only a break of 1.43 will put focus on the 1.39 level which represents the 161.8. percent Fibonacci projection target of the 1.4311 - 1.4966 range. Pivot point related resistance levels today are set at 1.4717 and then 1.4752.

Published on  Mon, Feb 18 2008, 10:27 GMT

EUR/USD Daily Technical Forex

Fri, Feb 15 2008, 09:21 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:19 CET is 1.4655, trading above the daily pivot point level of 1.4612 and also now above the daily Ichimoku cloud top at 1.4638, which also marks the Fibonacci 50 percent retracement of the 1.4311 - 1.4966 range. Daily Bollinger and standard error bands are flat while hourly values of the same indicators are poised to the upside. The overall picture remains positive although somewhat lethargic. Pivot point related resistance levels for today are set at 1.4674 and then 1.4711. Support levels are at 1.4575 and then 1.4513.

Published on  Fri, Feb 15 2008, 09:21 GMT

EUR/USD Daily Technical Forex

Thu, Feb 14 2008, 08:34 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09.33 CET is 1.4617, trading above the daily pivot point level of 1.4568 and also above first resistance at 1.4603. Second resistance is nearby at 1.4635 which also marks the daily Ichimoku cloud base. The current move is more a case of Euro strength than US$ weakness as the Euro has posted impressive overnight gains against most majors. Further retracement levels to keep in mind based on the 1.4311 - 1.4966 range are the 50 percent at 1.4640 and then the 38.2 percent at 1.4715. Daily Bollinger and standard error bands are flat and suggest that this market will be continue to be subject to considerable noise without any clear trend emerging. Pivot point related support levels today are at 1.4536 and then 1.4500.

Published on  Thu, Feb 14 2008, 08:34 GMT

EUR/USD Daily Technical Forex

Wed, Feb 13 2008, 08:44 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:43 CET is 1.4548, trading below the daily pivot point level of 1.4564, having seen a high yesterday of 1.4615. Hourly indicators suggest more downside probable with pivot point related support levels at 1.4512 and thereafter at 1.4446. Resistance levels are at 1.4630 and then 1.4682. The daily picture remains on the defensive with Bollinger and standard error bands poised to the downside and prices remaining beneath the daily Ichimoku cloud base at 1.4632. Low daily ADX readings suggest that trading will remain lethargic and range bound.

Published on  Wed, Feb 13 2008, 08:44 GMT

EUR/USD Daily Technical Forex

Mon, Feb 11 2008, 08:43 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:42 CET is 1.4558, trading above the daily pivot point level of 1.4501, but still below the daily Ichimoku cloud base which is now at 1.4588. The daily picture remains on the defensive with daily Bollinger and standard error bands poised to the downside and the 55 day moving average now at 1.4644 and falling. The 1.4300 level will need to be broken in order to open up further downside fantasy and put focus on the Fibonacci 161.8 percent projection target of 1.3915, measured over the 1.4311 - 149.66 range. Pivot point related resistance levels for today are at 1.4551 and then 1.4597. Support level are at 1.445 and then 1.4405.

Published on  Mon, Feb 11 2008, 08:43 GMT

EUR/USD Daily Technical Forex

Fri, Feb 8 2008, 10:20 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:15 CET is 1.4479, trading below the daily pivot point level of 1.4529, having seen a low yesterday at 1.4440. The daily picture looks less bullish than it has done in the past, with the 55 day moving average at 1.4650 now falling. Daily Bollinger and standard error bands are also poised to the downside and we have fallen through the daily Ichimoku cloud base at 1.4587. Pivot point related support levels for today are set at 1.4406 and then 1.4317, just ahead of the previous low at 1.4311. A break here will put the focus on 1.3915, being the Fibonacci 161.8 percent projection target of the 1.4311 - 1.4966 range. Resistance levels are at 1.4618 and then 1.4740.

Published on  Fri, Feb 8 2008, 10:20 GMT

EUR/USD Daily Technical Forex

Wed, Feb 6 2008, 08:24 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:24 CET is 1.4594, trading below the daily pivot point level of 1.4700. Daily Bollinger and standard error bands are now poised to the downside and one can expect further downside probing to come. The 61.8 percent Fibonacci retracement level of the 1.4311 - 1.4966 range comes in at 1.4560, followed by the 76.4 percent retracement of the same range at 1.4470. A break of the 1.4300 level will open up 1.3910, being the 161.8 percent Fibo projection target of the above range. Pivot point related support levels for today are at 1.4568 and then 1.4491. Resistance levels are at 1.4778 and then 1.4910.

Published on  Wed, Feb 6 2008, 08:24 GMT

EUR/USD Daily Technical Forex

Tue, Feb 5 2008, 09:18 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:17 CET is 1.4748, trading well below the daily pivot point level of 1.4825 and also below second support at 1.4769. Daily Bollinger and standard error bands are now flat while hourly values of the same indicators are poised to the downside. Daily MACD is threatening to roll over to the downside. It will require a break of the 1.4300 level to generate more downside fantasy and target the Fibonacci 161.8 percent projection level of 1.3910, measured over the 1.4311 - 1.4966 range.

Published on  Tue, Feb 5 2008, 09:18 GMT

EUR/USD Daily Technical Forex

Mon, Feb 4 2008, 09:30 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:30 CET is 1.4814, trading below the daily pivot point level of 1.4848 and also under the hourly Ichimoku cloud base of 1.4831. The rally on Friday to 1.4954 was short lived and failed to crack the previous high of 1.4966. This is all of little consolation for EUR bears! We are still trading more than 5 percent above the 200 day moving average while daily Bollinger and standard error bands remain poised to the upside. It would take a clear break of the 1.43 level to induce a move to 1.3910, which represents the Fibonacci 161.8 percent downside projection target of the 1.4966 - 1.4311 range. Pivot point related support level for today are set at 1.4742 and then 1.4681. Resistance levels are at 1.4908 and then 1.5014.

Published on  Mon, Feb 4 2008, 09:30 GMT

EUR/USD Daily Technical Forex

Fri, Feb 1 2008, 08:00 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:59 CET is 1.4884, trading above the daily pivot point level of 1.4857. The hourly picture is positive with Bollinger and standard error bands poised to the upside. We are also trading above the hourly Ichimoku cloud top which is now at 1.4847. The daily picture looks similar and there is a good chance that we will soon break 1.4966. Should this occurr, then focus will turn to the 1.5750 level which corresponds to the Fibonacci 38.2 percent projection target, measured over the 0.8230 - 1.3668 range. Pivot point related support levels for today are set at 1.4800 and then 1.4748. Resistance levels are at 1.4911 and then 1.4967.

Published on  Fri, Feb 1 2008, 08:00 GMT

EUR/USD Daily Technical Forex

Thu, Jan 31 2008, 10:32 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:32 CET is 1.4864, trading above the daily pivot point level of 1.4838, having reached a high of 1.4914 in early European trade. Despite rather choppy moves, the positive long-term trend remains valid with daily Bollinger and standard error bands poised to the upside. A break of the previous high of 1.4966 would open the way for further upside with focus on the 38.2 percent Fibonacci projection target of 1.5750, measured over the .8230 - 1.3668 range. Pivot point related resistance levels for today are set at 1.4922 and then 1.4991. Support levels are at 1.4770 and then 1.4686.

Published on  Thu, Jan 31 2008, 10:32 GMT

EUR/USD Daily Technical Forex

Tue, Jan 29 2008, 08:38 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:38 CET is 1.4763, having hit a high of 1.4798 during the past 24 hours and now trading above the daily pivot point level of 1.4750. Hourly indicators suggest the downside preferred with pivot point related support seen at 1.4703 and then 1.4614. Resistance levels are at 1.4839 and then 1.4886. The daily picture remains positive with the rising 200 day moving average at 1.4024. Daily Bollinger and standard error bands, however remain flat and reflect the lack of directional activity in this currency pair at present.

Published on  Tue, Jan 29 2008, 08:38 GMT

EUR/USD Daily Technical Forex

Mon, Jan 28 2008, 09:19 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:17 CET is 1.4708, trading close to the daily pivot point level of 1.4705, having seen a low of 1.4661 on Friday. Rising hourly standard error bands favour a move to the upside short-term. Pivot point related resistance levels today are set at 1.4750 and then 1.4818. Support levels are at 1.4637 and then 1.4592. The daily picture remains positive with the rising 200 day moving average at 1.4018 and the current price trading well above the daily Ichimoku cloud top of 1.4584. Daily Bollinger and standard error bands remain flat and the lethargy will no doubt prevail unless we can break out of the 1.43 - 1.50 bracket .

Published on  Mon, Jan 28 2008, 09:19 GMT

EUR/USD Daily Technical Forex

Fri, Jan 25 2008, 11:42 GMT
by Timothy Straiton

Stoploss.ch

Current level at 12:38 CET is 1.4712, trading just above the daily pivot point level of 1.4709, having seen a high of 1.4779 in late US trading yesterday. Daily Bollinger and standard error bands are flat while hourly values of the same indicators are slightly negative. Pivot point related resistance levels today are at 1.4827 and then 1.4897. Support levels are at 1.4639 and then 1.4521. This market remains trapped in the 1.43 1.4966 range, although it has managed to break above the daily Ichimoku cloud and thus gain some composure short term.

Published on  Fri, Jan 25 2008, 11:42 GMT

EUR/USD Daily Technical Forex

Wed, Jan 23 2008, 08:44 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:45 CET is 1.4620, trading above the daily pivot point level of 1.4575. Hourly standard error bands are poised to the downside and the bullish move seen over the past 24 hours is gradually running out of steam. The 55 day moving average, now at 1.4643, has started to move down while daily Bollinger and standard error bands are poised slightly to the downside. It is questionable whether the interest move by the Fed yesterday will suffice to maintain the bullish EUR trend. Pivot-related resistance levels today are set at 1.4784 and then 1.4894. Support levels are at 1.4465 and then 1.4255.

Published on  Wed, Jan 23 2008, 08:44 GMT

EUR/USD Daily Technical Forex

Tue, Jan 22 2008, 09:07 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:07 CET is 1.4466, trading below the daily pivot point level of 1.4483, having seen a low today of 1.4366, being first pivot-related support. Second support comes in at 1.4305 and if this breaks, the outlook will become even more bearish with 1.4160 and then 1.3970 as downside targets. However, since trading yesterday excluded the participation of the US, a correction to the upside can not be ruled out. Resistance levels today are set at 1.4544 and thereafter at 1.4660. The daily Ichimoku cloud base is now at 1.4490 and hourly Bollinger and standard error bands are flat.

Published on  Tue, Jan 22 2008, 09:07 GMT

EUR/USD Daily Technical Forex

Mon, Jan 21 2008, 09:12 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:10 CET is 1.4504, trading well below the daily pivot point level of 1.4640, having now reached the base of the daily Ichimoku cloud at 1.4491. Both daily and hourly Bollinger and standard error bands are now poised to the downside, reflecting the bearish development in both time frames. A break of the 1.43 level will constitute a double top formation and open up the downside to target 1.4160 and 1.3975 which are the 50 and 61.8 percent Fibonacci retracement levels of the 1.3661 - 1.4966 range. Daily pivot point related support levels are 1.4583 and 1.4546. Resistance levels are at 1.4677 and then 1.4733.

Published on  Mon, Jan 21 2008, 09:12 GMT

EUR/USD Daily Technical Forex

Fri, Jan 18 2008, 11:05 GMT
by Timothy Straiton

Stoploss.ch

Current level at 12:03 CET is 1.4615, trading below the daily pivot point level of 1.4649. Daily Bollinger standard error bands are now poised to the downside as are the hourly values of the same indicators. The overall picture suggests that more downside is in store. We are hovering just above the Fibonacci 23.6 percent retracement level of 1.4580, measured over the 1.3361 -1.4966 range. A break of the 1.4300 level will complete a double top formation and lead the way to 1.3660. Pivot related support levels today are to encountered at 1.4582 and then 1.4523. Resistance levels are at 1.4708 and then 1.4774. The daily Ichimoku cloud is now bracketed within the 1.4490 - 1.4640 range.

Published on  Fri, Jan 18 2008, 11:05 GMT

EUR/USD Daily Technical Forex

Thu, Jan 17 2008, 08:01 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:59 CET is 1.4648, trading below the daily pivot point level of 1.4703 and now flirting with the 55 day moving average. This currency pair is attempting to eat its way down through the daily Ichimoku cloud which is contained within the 1.4696 - 1.4490 bracket. Daily Bollinger bandwidth is contracting and bullish trend momentum is evaporating rapidly. Expect exitement only if the 1.43 level is broken as this will constitute a double top formation and open the way to 1.3650. Pivot related support levels today are set at 1.4545 and then 1.4438. Resistance levels are 1.4703 and then 1.4966, the latter being the previous all time high.

Published on  Thu, Jan 17 2008, 08:01 GMT

EUR/USD Daily Technical Forex

Wed, Jan 16 2008, 07:45 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:45 CET is 1.4822, trading below the daily pivot point level of 1.4827, having seen a low earlier today of 1.4777. The general EUR weakness against the majority of major currencies has also left its impact on EUR/USD. While daily Bollinger and standard erorr bands are still poised to the upside, the same indicators on an hourly basis are flat to negative. A break above 1.4966, will set focus on the 1.5725 level, which is the Fibonacci 38.2 percent projection target of the .8230 - 1.3668 range. A break of 1.43 on the other hand would constitute the formation of a double top pattern and suggest a downside target of 1.3650.

Published on  Wed, Jan 16 2008, 07:45 GMT

EUR/USD Daily Technical Forex

Tue, Jan 15 2008, 14:36 GMT
by Timothy Straiton

Stoploss.ch

Current level at 15:35 CET is 1.4918, trading above the daily pivot point level of 1.4860. Pivot point related resistance levels today are at 1.4923 and then 1.4978, whereby a break of the previous high of 1.4966 will put focus on 1.5720, which is the 38.2 percent Fibo projection target measured over the .8230 - 1.3668 range. Support levels are at 1.4804 and then 1.4741.

Published on  Tue, Jan 15 2008, 14:36 GMT

EUR/USD Daily Technical Forex

Mon, Jan 14 2008, 11:43 GMT
by Timothy Straiton

Stoploss.ch

Current level at 12:41 CET is 1.4906, trading well above the daily pivot point level of 1.4786, having surpassed second resistance at 1.4843 in early European trade. Both daily and hourly Bollinger and standard error bands are poised to the upside and a break of the previous high at 1.4966 would set focus on the 38.2 percent Fibonacci projection target at 1.5725, measured over the .8230- 1.3668 range.

Published on  Mon, Jan 14 2008, 11:43 GMT

EUR/USD Daily Technical Forex

Fri, Jan 11 2008, 10:04 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:04 CET is 1.4782, trading above the daily pivot point level of 1.4754, having traded as high as 1.4816 in early European business. Pivot related resistance levels today are at 1.4866 and then 1.4927. Support levels are at 1.4693 and then 1.4581. Daily Bollinger and standard error bands are now edging to the upside and we are trading above the daily Ichimoku cloud top at 1.4704. The 14 day RSI is currently at 60 percent which leaves considerable room open on the upside before we get to overbought territory. A break of the previous high at 1.4966 would open the gates to the 38.2 percent Fibo projection target of 1.5720, measured over the .8230 - 1.3668 range. Only a break of the 1.43 level would spell downside fantasy.

Published on  Fri, Jan 11 2008, 10:04 GMT

EUR/USD Daily Technical Forex

Thu, Jan 10 2008, 07:57 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:57 CET is 1.4674, trading around the daily pivot point level of 1.4680, and within a narrow 40 pip range in Asian business. The daily picture remains supportive but lacking direction. Bollinger bands have remained flat for the last 5 trading days. The rising 200 day moving average is currently at 1.3947. Pivot based resistance levels today are set at 1.4722 and then 1.4784. Support levels are 1.4619 and then 1.457. We expect the trench warfare to continue until this market can break out of the 1.43 - 1.4970 bracket. Prices below 1.43 would constitute a head and shoulders formation and target 1.3600, while a break above 1.4970 would target the Fibonacci 38.2 percent projection level at 1.5725, based on the .8230 - 1.3668 range.

Published on  Thu, Jan 10 2008, 07:57 GMT

EUR/USD Daily Technical Forex

Wed, Jan 9 2008, 10:11 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:10 CET is 1.4709, just below the daily pivot point level of 1.4711 having stalled at first resistance of 1.4742 this morning. Second resistance level comes in at 1.4774. Support levels are to be encountered at 1.4680 and then 1.4649. This currency pair is eating its way into the daily Ichimoku cloud top at 1.4732 but has seemed to have lost its appetite for the moment. Daily Bollinger bands are flat while standard eror bands remain poised to the upside. The overall daily picture remains well supported, but static.

Published on  Wed, Jan 9 2008, 10:11 GMT

EUR/USD Daily Technical Forex

Tue, Jan 8 2008, 09:08 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:07 CET is 1.4712, trading above the daily pivot point level of 1.4699, but unable to develop directional movement at present. Both Daily and hourly Bollinger and standard error bands are flat to positive, while the daily ADX is still falling and thus indicating lack of direction in this currency pair. Taking a look at the Fibonacci retracement levels measured over the recent 1.4308 - 1.4966 range, the 76.4 percent retracement comes in at 1.4815, the 61.8 percent retracement is at 1.4715, the 50 percent at 1.4640 and the 38.2 percent retracement is at 1.4560. Daily pivot point based resistance today is at 1.4740 and then 1.4792. Support is to be encountered at 1.4648 and then 1.4608. The rising 200 day moving average is now at 1.3910 and underlines the intact long-term bullish stance of this market.

Published on  Tue, Jan 8 2008, 09:08 GMT

EUR/USD Daily Technical Forex

Mon, Jan 7 2008, 08:32 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:31 CET is 1.467, trading below the daily pivot point level of 1.4755, having briefly risen as high as 1.4826 on Friday. Daily Bollinger bands remain flat and contracting while daily standard error bands are still poised to the upside. The hourly picture remains on the defensive with hourly Bollinger and standard error bands both poised to the downside. First support has been broken this morning at 1.4683. Second support comes in at 1.4625. The 23.6 percent Fibo retracement level of the 1.3361 - 1.4966 range comes in at 1.4585. Resistance levels today are set at 1.4814 and then 1.4884. Further out, a break of the previous low of 1.4311 would complete a head and shoulders formation and set focus on the 1.3650 area.

Published on  Mon, Jan 7 2008, 08:32 GMT

EUR/USD Daily Technical Forex

Fri, Jan 4 2008, 10:17 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:15 CET is 1.4706, trading under the daily pivot point of 1.4737. Daily ADX values are still falling, reflecting the trendless activity in this currency pair. Resistance levels today are set at 1.4787 and then 1.4831. Support is to be encountered at 1.4694 and then 1.4644. Hourly Bollinger bands are flat to negative. The current price is hovering just above the daily Ichimoku cloud top, currently at 1.4701. The Fibonacci 61.8 percent retracement level of the 1.4310 - 1.4967 range comes in at 1.4715 and it seems that the upside fantasy in this market is slowly evaporating.

Published on  Fri, Jan 4 2008, 10:17 GMT

EUR/USD Daily Technical Forex

Thu, Jan 3 2008, 08:19 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:16 CET is 1.4706, trading above the daily pivot point of 1.4689 but finding difficulty in surpassing the Fibonacci 61.8 percent retracement level of the recent 1.4310 - 1.4966 range at 1.4720. Hourly Bollinger and standard error bands are flat while the falling daily ADX reflects the lack of directional force in this currency pair at present. We are trading above the daily Ichimoku cloud which is contained within the 1.4398 - 1.4676 range. Resistance levels today are set at 1.4782 and then 1.4842. Support levels are set at 1.4629 and then 1.4536.

Published on  Thu, Jan 3 2008, 08:19 GMT

EUR/USD Daily Technical Forex

Wed, Jan 2 2008, 08:25 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:24 CET is 1.4658, trading above the 55 day moving average, currently at 1.4560 and also above the 200 day moving average at 1.3900. Daily Bollinger bands are flat and contracting and suggests that this currency pair lacks directional force at present. Resistance is to be expected at the 61.8 percent Fibonacci retracement level of 1.4715 and support at the 38.2 percent retracement level of 1.4560 measured over the recent 1.4967 - 1.4310 range. Daily standard error bands remain poised to the upside and reflect the well-supported tone of this market.

Published on  Wed, Jan 2 2008, 08:25 GMT

EUR/USD Daily Technical Forex

Mon, Dec 31 2007, 11:40 GMT
by Timothy Straiton

Stoploss.ch

Current level at 12:40 CET is 1.4712, trading above the daily pivot point level of 1.4682 and having seen a high of 1.4748 earlier today. Hourly Bollinger and standard error bands are now flat and indicate a period of consolidation after a 400 point move to the upside over the past week. Resistance levels today are set at 1.4771 and then 1.4818. Support levels are at 1.4634 and then 1.4545. The daily picture remains positive with standard error bands poised to the upside and all longer term moving averages still advancing. Should the previous high of 1.4966 give way, then the 161.8 percent Fibonacci projection of the 1.4311 - 1.4966 range would give us a target level of 1.5370.

Published on  Mon, Dec 31 2007, 11:40 GMT

EUR/USD Daily Technical Forex

Fri, Dec 28 2007, 09:32 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:50 AM CET is 1.4649, trading above the daily pivot point of 1.4576. Hourly trend indicators favour the upside at present. Resistance levels today are set at 1.4687 and 1.4749. Support levels are set at 1.4514 and 1.4403. From a daily perspective, standard error bands are poised to the upside and suggest that for Euro - US Dollar a bullish trend is currently in place. Daily Bollinger bandwidth is contracting and suggests that this market is currently lacking direction. The 14 day RSI is now at 66.3 percent and thus not yet in overbought or oversold territory.

Published on  Fri, Dec 28 2007, 09:32 GMT

EUR/USD Daily Technical Forex

Thu, Dec 27 2007, 07:59 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:59 CET is 1.4503, trading above the daily pivot point level of 1.4460. The 38.20 percent Fibonacci retracement level at 1.4350, measured from the 1.3361 - 1.4966 range has been able to contain the downside correction. Attention will now focus on the upside with the daily Ichimoku cloud top now close at hand at 1.4598. Resistance levels today are set at 1.4532 and then 1.4575. Support levels are at 1.4417 and then 1.4345. Daily standard error bands are now pointing to the upside while Bollinger bands are flat and contracting.

Published on  Thu, Dec 27 2007, 07:59 GMT

EUR/USD Daily Technical Forex

Fri, Dec 21 2007, 07:56 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:55 CET is 1.4396, trading well above the daily pivot point of 1.4341, having pushed up through first resistance at 1.4376 and now on target for second resistance at 1.4425. Although daily Bollinger and standard error bands remain poised to the downside, todays low is well above the lower Bollinger band. This suggests that the downside is losing momentum. Support levels for today are set at 1.4292 and then 1.4257. The 14 day RSI is approaching oversold levels and is currently at 39 percent. The rising 200 day moving average is now at 1.3857.

Published on  Fri, Dec 21 2007, 07:56 GMT

EUR/USD Daily Technical Forex

Thu, Dec 20 2007, 09:02 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:02 CET is 1.4340, trading below the daily pivot point level of 1.4374 and looking to test support levels at 1.4327 and 1.4275. Both hourly Bollinger and standard error bands are poised to the downside, while daily Bollinger bandwidth is in the process of expanding, which stresses the pick-up in downside velocity. The important 50 percent Fibonacci retracement level based on the 1.3361 - 1.4966 range is at 1.4165 and this area could well act as the base for a recovery. This currency pair is currently in the middle of the daily Ichimoku cloud, which has its boundaries at 1.4161 and 1.4519. Resistance levels today are set at 1.4427 and 1.4475.

Published on  Thu, Dec 20 2007, 09:02 GMT

EUR/USD Daily Technical Forex

Wed, Dec 19 2007, 10:55 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:55 CET is 1.4391, trading below the daily pivot point level of 1.4402 with short excursions to the upside being quickly rejected. Both daily and hourly Bollinger and standard error bands are poised to the downside and while the initial 38.2 percent Fibo retracement level at 1.4350 has been achieved, it remains to be seen if this level will hold off further downside attacks. Should this not be the case, then the next important support is to be encountered at 1.4150, being the 50 percent retracement level of the 1.3361 -1.4966 range. Support levels for today are set at 1.4370 and then 1.4330. Resistance levels are at 1.4443 and then 1.4476.

Published on  Wed, Dec 19 2007, 10:55 GMT

EUR/USD Daily Technical Forex

Tue, Dec 18 2007, 09:55 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:55 CET is 1.4395, trading just below the daily pivot point level of 1.4397. Daily Bollinger and standard error bands are poised to the downside while hourly values are flat. The initial 38.2 percent Fibonacci retracement level at 1.4350, based on the 1.3361 - 1.4966 range was achieved yesterday. The 50 percent retracement level of the same range comes in at 1.4160 and if seen, will probably seal off the current corrective phase in an otherwise bullish trend. Support levels for today are set at 1.4342 and thereafter at 1.4275. Resistance levels are at 1.4464 and then 1.4519. The daily Ichimoku cloud currently encloses the 1.4150 - 1.4481 range.

Published on  Tue, Dec 18 2007, 09:55 GMT

EUR/USD Daily Technical Forex

Mon, Dec 17 2007, 09:05 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:05 CET is 1.4390, trading well below the daily pivot point level of 1.4500 and having come close to the Fibonacci 38.2 percent retracement level of 1.4350, measured over the 1.3361 - 1.4966 range. Further retracement to the 50 percent level at 1.4160 remains a possibility. This market is now eating its way into the daily Ichimoku cloud which has its boundaries at 1.4160 and 1.4482. Daily Bollinger and standard error bands are both poised to the downside while the 14 day RSI is now at 36 percent. We would handle this currency pair from the short side at the present time until further proof of stabilisation becomes apparent.

Published on  Mon, Dec 17 2007, 09:05 GMT

EUR/USD Daily Technical Forex

Thu, Dec 13 2007, 09:51 GMT
by Timothy Straiton

Stoploss.ch

 Current level at 10:50 CET is 1.4698, trading around the daily pivot point with hourly momentum indicators pointing a shade to the downside. Support levels today are set at 1.4653 and then 1.4601. Resistance levels are at 1.4752 and then 1.4800. A break below 1.45 would constitute the formation of a head and shoulders pattern and put focus on 1.4350, which is the Fibonacci 38.2 percent retracement of the 1.3361 - 1.4966 range. The 50 percent retracement level of the same range comes in at 1.4160.

Published on  Thu, Dec 13 2007, 09:51 GMT

EUR/USD Daily Technical Forex

Wed, Dec 12 2007, 08:25 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:25 CET is 1.4684. Despite the flurry of activity after the Fed rate announcement yesterday which saw prices fall as far as 1.4640, we are back in the middle of yesterdays range and trading around the daily pivot point of 1.4682. Hourly momentum seems constructive and resistance levels today are set at 1.4725 and then 1.4793. Support levels are at 1.4615 and thereafter at 1.4572. Hourly Bollinger and standard error bands are now poised to the upside.

Published on  Wed, Dec 12 2007, 08:25 GMT

EUR/USD Daily Technical Forex

Tue, Dec 11 2007, 08:15 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:08 CET is 1.4705, trading above the daily pivot point of 1.4695 and having stalled at 1.4750, the 50 percent retracement of the 1.4966 - 1.4523 range. The overall picture remains EUR bullish with the rising 200 day moving average at 1.3800. Daily Bollinger and standard error bands are flat with Bollinger bandwidth contracting. Resistance levels today are set at 1.4753 and then 1.4795, the latter coinciding with the Fibo 61.8 percent retracement level of the 1.4966 -1.4523 range. Support levels are at 1.4654 and then 1.4596. A break of 1.45 would constitute a head and shoulders formation and open up fantasy to the downside, targeting 1.4350 and 1.4160.

Published on  Tue, Dec 11 2007, 08:15 GMT

EUR/USD Daily Technical Forex

Fri, Dec 7 2007, 09:52 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:50 CET is 1.4620, trading above the daily pivot point of 1.4606 with hourly Bollinger and standard error bands flat. The downside appears to be sealed off at the 1.4520 level. Resistance levels today are to be encountered at 1.4687 and then 1.4731. First support is at 1.4561. The daily Bollinger and standard error bands are poised slightly to the downside and is perhaps a source of encouragement for the bears. A break of the 1.4520 level would constitute the formation of a head and shoulders pattern and open up further downside fantasy, putting focus on the Fibonacci 38.2 percent retracement level at 1.4350, measured from the 1.3361 - 1.4966 range.

Published on  Fri, Dec 7 2007, 09:52 GMT

EUR/USD Daily Technical Forex

Thu, Dec 6 2007, 08:51 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:50 CET is 1.4578, trading well below the daily pivot point of 1.4660 but above first support at 1.4551. Second support level comes in at 1.4482. Both daily and hourly Bollinger and standard error bands are now poised to the downside. This market has now corrected 400 pips below the all-time high of 1.4966 and the chances are good that this correction will soon evaporate and hand the reigns over to the longer term bull trend. Resistance levels today are set at 1.4728 and then 1.4838. Further to the downside, the 38.2 percent Fibonacci retracement of the 1.3361 - 1.4966 range comes in at 1.4350.

Published on  Thu, Dec 6 2007, 08:51 GMT

EUR/USD Daily Technical Forex

Tue, Dec 4 2007, 09:32 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:32 CET is 1.4649, trading under the daily pivot point of 1.4665 in thin directionless action. Resistance levels today are set at 1.4710 and then 1.4753. Support levels are 1.4623 and then 1.4578. Daily Bollinger bands are flat and contracting. Daily standard error bands are poised to the downside. A continuation of the current downward corrective phase would put the following Fibo percentage retracement levels of the 1.3661 - 1.4966 range into focus: 1.4590 (23.6), 1.4360 (38.2) and 1.4160 (50).

Published on  Tue, Dec 4 2007, 09:32 GMT

EUR/USD Daily Technical Forex

Mon, Dec 3 2007, 09:17 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:14 CET is 1.4635, trading below the daily pivot point of 1.4683 and hovering above rising trendline support at 1.4610, measured from the August low of 1.3361. A break of this support would put focus on the 38.2 percent Fibo retracement level at 1.4350, measured from the 1.3361 - 1.4966 range. Support levels for today are set at 1.4579 and then 1.4526. Resistance is to be encountered at 1.4737 and then 1.4839. Daily Bollinger bands are flat and contracting while standard error bands are now poised to the downside and suggest that more downside will be explored in the immediate future.

Published on  Mon, Dec 3 2007, 09:17 GMT

EUR/USD Daily Technical Forex

Thu, Nov 29 2007, 08:29 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:28 CET is 1.4760, trading below the daily pivot point of 1.4801 and above support levels of 1.4744 and 1.4655. Daily Bollinger and standard error bands are no longer rising and the hourly values are falling. The first significant support level further out is 1.4590, being the Fibo 23.6 percent retracement level of the 1.3361 - 1.4966 range. Rising trendline support from the August low of 1.3361 also comes in at 1.4590. Resistance levels today are set at 1.4891 and then 1.4948.

Published on  Thu, Nov 29 2007, 08:29 GMT

EUR/USD Daily Technical Forex

Wed, Nov 28 2007, 08:30 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:28 CET is 1.4752, trading well below the daily pivot point level of 1.4848 and below first support at 1.4787. Second support level today is at 1.4749. Hourly Bollinger and standard error bands are poised to the downside and an engulfing bear candlestick formation was apparent on yesterdays close. Initial downside target could be 1.4580 which marks the rising trendline support from the August low of 1.3361 and also marks the 23.6 percent Fibo retracement level of the 1.3361 - 1.4966 range. Resistance levels today are set at 1.4887 and then 1.4947.

Published on  Wed, Nov 28 2007, 08:30 GMT

EUR/USD Daily Technical Forex

Tue, Nov 27 2007, 08:32 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:31 CET is 1.4825, trading below the daily pivot point of 1.4853 with Bollinger and standard error bands flat to negative. Support levels today are set at 1.4819 and then 1.4772. A break of rising trendline support at 1.4750 measured from the low of 1.4126 from 22nd October would give more credence to a topping out formation. The 161.8 percent Fibo projection target at 1.4915, measured from the 1.3668 - 1.1643 range may well have sealed the upside for this market for now. Resistance levels today are at 1.4900 and then 1.4934.

Published on  Tue, Nov 27 2007, 08:32 GMT

EUR/USD Daily Technical Forex

Mon, Nov 26 2007, 08:08 GMT
by Timothy Straiton

Stoploss.ch

The 161.8 percent Fibonacci projection target of 1.4915, based on the 1.3668 - 1.1643 range was met last Friday and could well see upside fantasy evaporate for the time being. This mornings trading has seen a first attempt to break above the daily pivot point at 1.4864 without success as per 09:05 CET. A break below first support at 1.4760 would be the first sign that a correction to the downside is unfolding. Should this not materialize, then resistance levels to watch are 1.4942 and then 1.5045.

Published on  Mon, Nov 26 2007, 08:08 GMT

EUR/USD Daily Technical Forex

Fri, Nov 23 2007, 11:47 GMT
by Timothy Straiton

Stoploss.ch

Current level at 12:45 CET is 1.4814, trading below the daily pivot point level of 1.4848, having reached a new high at 1.4967 in Asian trade. Further upside fantasy could well evaporate at current levels since the important 161.8 percent Fibonacci projection target at 1.4915, based on the 1.3668 - 1.1643 range has been reached. The chances of a sizeable downward correction from here should be reckoned with in the weeks to come.

Published on  Fri, Nov 23 2007, 11:47 GMT

EUR/USD Daily Technical Forex

Thu, Nov 22 2007, 11:28 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:59 CET is 1.4848, trading above the daily pivot point of 1.4831, having made a new all-time high in late Asian trade at 1.4873. Resistance levels today are set at 1.4887 and thereafter at 1.4925, which is also the 161.8 percent Fibonacci projection level based on the 1.3668 -1.1643 range. Support levels are at 1.4793 and then 1.4737. Hourly Bollinger bands are positive but contracting. The daily outlook remains positive with the 8 day moving average rising at 1.4715, the 55 day moving average rising at 1.4257 and the 200 day rising at 1.3705. The current price is clinging to the daily upper Bollinger band and underlines the continued Euro strength.

Published on  Thu, Nov 22 2007, 11:28 GMT

EUR/USD Daily Technical Forex

Tue, Nov 20 2007, 09:14 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:53 CET is 1.4730, trading well above the daily pivot point of 1.4659 and also above second resistance at 1.4724 while just short of the all-time high of 1.4753. The daily picture remains bullish with Bollinger and standard error bands poised to the upside. The 261.8 percent Fibo projection target, based on the 1.3261 - 1.3852 range comes in at 1.4840.

Published on  Tue, Nov 20 2007, 09:14 GMT

EUR/USD Daily Technical Forex

Fri, Nov 2 2007, 09:07 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:07 CET is 1.4470, trading above the daily pivot point of 1.4436 and above first resistance at 1.4468, targeting second resistance at 1.4511. Hourly Bollinger and standard error bands are poised to the upside, however weakening trend intensity would suggest that the upside is gradually getting heavier. We remain cautious at currrent levels and feel this market will need to unwind the current overbought situation before further upside progress can be made.

Published on  Fri, Nov 2 2007, 09:07 GMT

EUR/USD Daily Technical Forex

Thu, Nov 1 2007, 08:34 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:35 CET is 1.4441, trading below the daily pivot point of 1.4465 in a corrective phase after yesterdays bull run which saw a high of 1.4504 in late NY trading. Support levels today are set at 1.4425 and then 1.4380. Resistance levels are 1.4511 and then 1.4550. While most daily indicators confirm the bullish trend, this market is trading at 6.25 percent above its 200 day moving average. This extremely high reading is likely to provoke a sizeable correction very soon.

Published on  Thu, Nov 1 2007, 08:34 GMT

EUR/USD Daily Technical Forex

Wed, Oct 31 2007, 09:00 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:59 CET is 1.4444, trading above the daily pivot point of 1.4419, having bounced off first resistance at 1.4463. The overall short-term picture remains positive with 50 and 100 hour EMA s rising. Hourly Bollinger and standard error bands are flat while Bollinger bandwidth is contracting, suggesting consolidation in place. The daily picture also remains positive with the price clinging to the upper Bollinger band and Bollinger bandwidth expanding. The 14 day RSI at 70 percent and the current price at 6.18 percent above the 200 day moving average suggest that a downside correction could be near at hand. Support levels today are set at 1.4395 and 1.4351.

Published on  Wed, Oct 31 2007, 09:00 GMT

EUR/USD Daily Technical Forex

Tue, Oct 30 2007, 08:42 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:35 CET is 1.4402, trading below the daily pivot point level (today at 1.4411) for the first time in 4 trading days. Hourly Bollinger and standard error bands are poised slightly to the downside, however on weak directional movement. On a daily basis, the picture remains bullish with MACD poised to the upside and above the zero line. Short term trendline support, measured from the low of 16 August at 1.3361, comes in at 1.4228. The intermediate 161.8 percent upside Fibonacci projection target based on the 1.3361 - 1.3852 range is 1.4650. Support levels for today are 1.4384 and then 1.4346. Resistance levels are at 1.4449 and 1.4476.

Published on  Tue, Oct 30 2007, 08:42 GMT

EUR/USD Daily Technical Forex

Mon, Oct 29 2007, 08:12 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:10 CET is 1.4432, trading above the daily pivot point of 1.4367 and also above first resistance at 1.4417. Second resistance level is set at 1.4443. Both hourly and daily Bollinger and standard error bands point to the upside. The 14 day RSI is at 70 percent and sliding into overbought territory, while the current price is 6.07 percent above the 200 day moving average, a situation which could well provoke a round of profit-taking. Support levels today are set at 1.4341 and then 1.4291. The rising 200 day moving average is at 1.3559.

Published on  Mon, Oct 29 2007, 08:12 GMT

EUR/USD Daily Technical Forex

Mon, Sep 24 2007, 07:27 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:27 CET is 1.4119, trading above the daily pivot point level of 1.4083 and close to the 61.8 percent Fibo projection target of 1.4155, measured from the 1.3361 - 1.3852 range. The 76.4 percent projection would bring us to 1.4225. Bearing in mind the 14 day RSI value of 76 percent, it would appear to be timely to initiate hedging strategies on long EUR positions. Support levels today are set at 1.4045 and 1.4001. We are now trading 5 percent above the 200 day moving average, a reading which in the past has been followed by countermoves of significance.

Published on  Mon, Sep 24 2007, 07:27 GMT

EUR/USD Daily Technical Forex

Fri, Sep 21 2007, 07:24 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:24 is 1.4080, trading above the daily pivot point of 1.4037 and having recorded a new high this morning of 1.4121. Resistance levels today are set at 1.4122 and then 1.4183. Support levels are 1.3986 and then 1.3891. Based on the 1.3361 - 1.3852 range, the 61.8 percent Fibo projection target is within shooting range at 1.4155. The top channel resistance line from the high of 1.1914 from October 1998 comes in at 1.4296. We expect these levels to contain the upside this time around, particularly in light of the over-bought levels displayed in the weekly and daily 14 period RSIs of 68, respectively 76 percent.

Published on  Fri, Sep 21 2007, 07:24 GMT

EUR/USD Daily Technical Forex

Thu, Sep 20 2007, 08:13 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:12 CET is 1.4044, trading well above the daily pivot point of 1.3960, above second resistance at 1.4015 and also having broken the rising channel top at 1.3980. Further upside targets are 1.4155 which marks the Fibo 61.8 projection target measured from the 1.3361 - 1.3852 range and then 1.4296 which marks the rising channel resistance measured from the 1.2226 high made on the 10th October 1998. Whether these targets will in fact be reached is another question. The 14 week RSI at 67 pecent and the 14 day RSI at 75 percent could make the current move turn sour very quickly. Support levels today are set at 1.3933 and then 1.3905.

Published on  Thu, Sep 20 2007, 08:13 GMT

EUR/USD Daily Technical Forex

Wed, Sep 19 2007, 07:33 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:33 CET is 1.3973, trading above the daily pivot point of 1.3934 and leaning right against upper channel resistance of 1.3980 which has been our initial upside objective. The 14 day RSI is now at 71 percent and even if we overshoot to the upside from here the air is getting thin while chances of further US interest rate cuts of the same magnitude in the foreseeable future remain slim. Possible upside levels from here would be the 38.2 percent Fibo projection target at 1.4140, measured from the 1.3361 - 1.3927 range. Support levels today are set at 1.3879 and then 1.3773. Resistance levels are at 1.4039 and 1.4094.

Published on  Wed, Sep 19 2007, 07:33 GMT

EUR/USD Daily Technical Forex

Tue, Sep 18 2007, 07:08 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:07 CET is 1.3843, trading under the daily pivot point level of 1.3866. Lack of follow- through from the 1.3852 break is now putting immediate upside fantasy in question. However, as long as rising channel support at 1.3455 remains unchallenged, the overall bullish scenario remains valid. Based on the 1.3361 - 1.3927 range, Fibo retracement targets are set at 1.3710 (38.2 percent), 1.3640 (50 percent) and 1.3575 (61.8 percent). The 14 day RSI is now at 62 percent and the upper channel resistance at 1.3980 could still be reached before one speaks of an overbought scenario. Resistance levels today are set at 1.3888 and then 1.3909. Support levels are at 1.3844 and then 1.3823.

Published on  Tue, Sep 18 2007, 07:08 GMT

EUR/USD Daily Technical Forex

Mon, Sep 17 2007, 08:32 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:31 CET is 1.3866, trading below the daily pivot point level of 1.3872, and above the previous high of 1.3852 in trendless activity. Support levels today are set at 1.3848 and then 1.3821. Resistance levels are set at 1.3900 and then 1.3924. Hourly momentum indicators are flat while daily Bollinger and standard error bands are still poised to the upside. This market remains in a bullish channel marked by 1.3443 support and 1.3977 resistance. Whilst an attempt to tickle upside resistance is still possible, the 14 day RSI value of 66 percent suggests that further upside fantasy will be limited and may be soon followed by fresh downside attempts.

Published on  Mon, Sep 17 2007, 08:32 GMT

EUR/USD Daily Technical Forex

Fri, Sep 14 2007, 09:48 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:47 CET is 1.3871, marking time under the daily pivot point at 1.3890 and above the previous high of 1.3852. The daily picture remains constructive with Bollinger and standard error bands poised to the upside. The rising 200 day moving average is now at 1.3392 and rising trend channel support from the February 2006 low of 1.1827 comes in at 1.3438. Our initial upside target is 1.3970, which corresponds to the rising top channel resistance drawn from the 1.2970 level made on the the 15th May 2006. The follow-through to the upside after the break of 1.3852 has not been particulary spectacular, however fundamental news later today may well shake away the current lethargic tone. Support levels today are set at 1.3845 and then 1.3822. Resistance levels are at 1.3909 and thereafter at 1.3950.

Published on  Fri, Sep 14 2007, 09:48 GMT

EUR/USD Daily Technical Forex

Thu, Sep 13 2007, 07:53 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:52 CET is 1.3901, having broken the previous high of 1.3852 and trading above the daily pivot point level of 1.3881. The initial upside target now is the rising channel top measured from the 1.2970 level made on the 15th May 2006, which comes in at 1.3970 and coincides with 23.6 percent Fibo projection target measured from the 1.3361 - 1.3852 range. First resistance level today is calculated at 1.3938, while second resistance coincides with the other initial upside targets at 1.3970. Support is to be encountered at yesterdays break to the upside at 1.3852 followed by 1.3847 and 1.3791. The 14 day RSI is approaching overbought territory at 69 percent and it could well be that 1.3970 caps the upside for the time being.

Published on  Thu, Sep 13 2007, 07:53 GMT

EUR/USD Daily Technical Forex

Tue, Sep 11 2007, 07:06 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:05 CET is 1.3786, trading under the daily pivot point level of 1.3797 with hourly momentum readings suggesting the support levels today at 1.3776 and 1.3746 might be tested initially. The daily picture remains positive with daily Bollinger and standard error bands still poised to the upside and Bollinger bandwidth expanding. Resistance targets today are set at 1.3822 and 1.3844 ahead of the previous high of 1.3852. A break here would activate the 161.8 Fibo projection target of 141.55, measured from the recent 1.3361 - 1.3852 range.

Published on  Tue, Sep 11 2007, 07:06 GMT

EUR/USD Daily Technical Forex

Mon, Sep 10 2007, 09:02 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:02 CET is 1.3782, trading above the daily pivot point level of 1.3741 and not far away from the high of 1.3852. Resistance levels today are seen at 1.3823 and then 1.3880. Support levels are at 1.3684 and 1.3602. Daily Bollinger and standard error bands are poised to the upside and a break of the previous high at 1.3852 would set focus on the 161.8 percent Fibo projection target of 1.4155, measured from the 1.3356 - 1.3852 range. This market is not yet overbought with the 14 day RSI currently at 62 percent and overall there are few reasons to suggest that the current bullish trend will not continue.

Published on  Mon, Sep 10 2007, 09:02 GMT

EUR/USD Daily Technical Forex

Fri, Sep 7 2007, 08:07 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:05 is 1.3674, trading just below the daily pivot point level of 1.3676 and now holding above the 61.8 percent Fibo retracement level of the 1.3852 - 1.3361 range at 1.3665. Daily Bollinger bands are flat while standard error bands are poised to the upside. Hourly trend intensity index is bullish and stochastic momentum is turning to the upside. Resistance levels today are set at 1.3721 and then 1.3754. Rising trendline support from the Feb 2006 low of 1.1827 is now at 1.3421 and the rising 200 day moving average is at 1.3377. Support levels today are at 1.3644 and 1.3600.

Published on  Fri, Sep 7 2007, 08:07 GMT

EUR/USD Daily Technical Forex

Thu, Sep 6 2007, 07:31 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:30 CET is 1.3649, trading above the daily pivot point of 1.3626 with daily Bollinger bands flat and contracting while standard error bands are still poised to the upside. Hourly trend intensity index is bullish and a test of yesterdays high of 1.3671 seems likley. Support levels today are set at 1.3581 and 1.3520. Resistance is at 1.3687 and then 1.3732. Based on the recent 1.3361 - 1.3852 range, the following Fib levels should be noted: 38.2 percent at 1.3550, 50 percent at 1.3605, 61.8 percent at 1.3665, and 76.4 percent at 1.3735. Rising trendline support from the Feb 2006 low of 1.1827 comes in today at 1.3427.

Published on  Thu, Sep 6 2007, 07:31 GMT

EUR/USD Daily Technical Forex

Wed, Sep 5 2007, 06:16 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:15 CET is 1.3578, trading below the daily pivot point level of 1.3592 and having traded up to 1.3628 in Asia. Support levels today are set at 1.3558 and then 1.3518. Resistance is to be encountered at 1.3638 and then 1.3671. Daily Bollinger and standard error bands are contracting with the currency pair currently in a trendless composure. Eyes should be focussed on rising trendline support from the Feb 2006 low of 1.1827 which is now at 1.3420. Market reaction at this level will give more clues as to the health of the current trend. The rising 200 day moving average is now at 1.3372.

Published on  Wed, Sep 5 2007, 06:16 GMT

EUR/USD Daily Technical Forex

Tue, Sep 4 2007, 07:04 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:04 CET is 1.3612, trading under the daily pivot point of 1.3626, within a narrow 22 pip range in Asian trade. Current hourly momentum readings suggest the upside slightly favoured. Support levels today are set at 1.3597 and then 1.3573. Resistance levels are at 1.3650 and the 1.3679. The daily picture remains positive with standard error bands still poised to the upside and rising trendline support from the Feb 2006 low of 1.1827 still intact at 1.3407.

Published on  Tue, Sep 4 2007, 07:04 GMT

EUR/USD Daily Technical Forex

Mon, Sep 3 2007, 08:32 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:32 is 1.3647, trading just under the daily pivot point of 1.3654, with hourly standard error bands poised to the upside and Bollinger bands contracting. The Fibo 23.6 percent retracement target from the 1.3264 - 1.3852 range at 1.3715 was reached on Friday, but gave way to immediate profit taking and found support at the 38.2 Fibo retracement level at 1.3625. Although the long-term trend remains up, with the rising trendline support from the Feb 2006 low of 1.1827 still unchallenged at 1.3413, this market appears to be having trouble to push higher from current levels. The 14 day RSI has benn hanging around the at 50 percent level for over a week, also giving no clue as to the next move.

Published on  Mon, Sep 3 2007, 08:32 GMT

EUR/USD Daily Technical Forex

Fri, Aug 31 2007, 08:48 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:48 CET is 1.3656, trading above the daily pivot point of 1.3630 with hourly standard error and Bollinger bands flat after a 15 hour move to the upside. Resistance levels today are set at 1.3671 and then 1.3722. Support levels are 1.3580 and then 1.3538. Daily MACD is positive and suggests more upside likely. Rising trendline support from the Feb 2006 low of 1.1827 is now at 1.3397. The rising 200 day moving average is at 1.3366. As long as these levels hold, the outlook remains cautiously positive. The 23.6 percent Fibo retracement level measured from the 1.3852 -1.3264 range is at 1.3715 and this acts as the primary upside target for the immediate future.

Published on  Fri, Aug 31 2007, 08:48 GMT

EUR/USD Daily Technical Forex

Wed, Aug 29 2007, 07:58 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:57 CET is 1.3597, trading below the daily pivot point of 1.3626 with hourly Bollinger bands poised downwards but contracting. The daily outlook remains positive with rising trendline support from the Feb 2006 low of 1.1827 still unbroken at 1.3399. The 200 day moving average is not far away at 1.3359. Patience will be required until the 1.3260 - 1.3855 range is broken. Support levels today are 1.3572 and then 1.3544. Resistance levels are 1.3655 and 1.3709.

Published on  Wed, Aug 29 2007, 07:58 GMT

EUR/USD Daily Technical Forex

Tue, Aug 28 2007, 08:11 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:10 CET is 1.3648, trading below the daily pivot point of 1.3653, having seen a low of 1.3619 in early European trade. Hourly Bollinger and standard error bands have been poised slightly to the downside for the last 24 hours but now are turning positive. The daily picture remains bullish with the rising 200 day moving average now at 133.56 and rising trendline support from the Feb 2006 low of 1.1827 now at 1.3393. Support levels today are set at 1.3621 and then 1.3600. Resistance levels are at 1.3673 and then 1.3705.

Published on  Tue, Aug 28 2007, 08:11 GMT

EUR/USD Daily Technical Forex

Mon, Aug 27 2007, 09:19 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:19 CET is 1.3659, trading above the daily pivot point level of 1.3635 in a narrow 30 pip range. Hourly indicators suggest more downside fantasy to come. The daily picture remains bullish with the rising 200 day moving average now at 1.3352 and rising trendline support from the Feb 2006 low of 1.1827 still unchallenged at 1.3386. Resistance levels today are 1.3719 and then 1.3766. Support levels are 1.3588 and then 1.3504. Daily standard error bands have started to move to the upside after 20 trading days being poised to the downside.

Published on  Mon, Aug 27 2007, 09:19 GMT

EUR/USD Daily Technical Forex

Thu, Aug 23 2007, 08:11 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:10 CET is 1.3547, trading above the daily pivot point of 1.3513 with hourly Bollinger bands contracting and standard error bands now poised slightly to the downside. Based on the 1.3264 -1.3852 range, we have now reached the 50 percent Fibo retracement at 1.3560. The next point to challenge will be the 38.2 percent retracement of the same range which is at 1.3630. The long-term trend to the upside remains intact with the rising trendline support from the Feb 2006 low of 1.1827 unchallenged at 1.3382. Support levels today are set at 1.3475 and 1.3408. Resistance is to be encountered at 1.3581 and 1.3618.

Published on  Thu, Aug 23 2007, 08:11 GMT

EUR/USD Daily Technical Forex

Tue, Aug 21 2007, 07:17 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:17 CET is 1.3478, trading just under the daily pivot point level of 1.3480, having traded in a narrow 25 point range in Asia. Projected support levels today are at 1.3452 and then 1.3429. Resistance levels are at 1.3503 and 1.3531. Rising trendline support from the Feb 2006 low of 1.1827 is now at 1.3370 and as long as this holds, there is a case for the continuation of the bull trend. The rising 200 day moving average is close to current levels at 1.3336. A break of the previous low at 1.3264, however would open up the downside Fibo 161.8 target of 1.29, measured from the 1.3264 - 1.3852 range.

Published on  Tue, Aug 21 2007, 07:17 GMT

EUR/USD Daily Technical Forex

Mon, Aug 20 2007, 07:47 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:45 CET is 1.3492, trading above the daily pivot point level of 1.3462, having traded down as low as 1.3361 last week. Daily Bollinger and standard error bands are still poised to the downside, however trading has commenced the week with the daily low above the lower Bollinger band for the first time within the last 5 trading days. This could mean that the downside move has terminated. Levels to watch on the upside today are 1.3558, 1.3602 and 1.3640. Support levels are set at 1.3381 and of most significance 1.3367 which marks the rising trendline support from the Feb 2006 low of 1.1827.

Published on  Mon, Aug 20 2007, 07:47 GMT

EUR/USD Daily Technical Forex

Thu, Aug 16 2007, 07:55 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:55 CET is 1.3445, trading below the daily pivot point level of 1.3458 and having reached a low of 1.3385 in late Asian trading, a hairsbreadth from the rising trendline support from the Feb 2006 low of 1.1827 which comes in at 1.3361. Hourly momentum indicators suggest that the acceleration to the downside is losing strength. Resistance levels today are set at 1.3498 and then 1.3573. A break of the previous low at 1.3264 will put focus on the 161.8 percent Fibo projection target of the 1.3264 -1.3852 range which lies at 1.2900. A break of 1.3264 will also mean that rising trendline support at 1.3361 has been broken and also the 200 day moving average at 1.3327 has been undermined. All this a rather bearish scenario, which has yet to materialize.

Published on  Thu, Aug 16 2007, 07:55 GMT

EUR/USD Daily Technical Forex

Wed, Aug 15 2007, 08:01 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:01 CET is 1.3491, trading well under the daily pivot point level of 1.3564 and also under first support at 1.3503, but above second support at 1.3470. Both daily and hourly Bollinger and standard error bands are poised to the downside, however important levels are looming up on the horizon which could well brake the current fall. The 61.8 Fibo retracement level of the 1.3264 - 1.3852 range is at 1.3485 and the 76.4 retracement level of the same range is at 1.3400. Furthermore, the 14 day RSI is currently at 33 percent and therefore nearing oversold levels. The rising 200 day moving average is at 1.3325 and rising trendline support from the Feb 2006 low of 1.1827 comes in at 1.3355. Looking to the upside, resistance levels today are set at 1.3597 and thereafter at 1.3658.

Published on  Wed, Aug 15 2007, 08:01 GMT

EUR/USD Daily Technical Forex

Tue, Aug 14 2007, 08:51 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:50 CET is 1.3574, trading below the daily pivot point at 1.3639 and having traded down to 1.3563, which marks the 50 percent Fibo retracement of the 1.3264 -1.3852 range. Further important downside levels are the 61.8 Fibo retracement of the same range at 1.3488, rising trendline support from the Feb 2006 low of 1.1827 which is at 1.3354 and then the rising 200 day moving average at 1.3320. Daily Bollinger and standard error bands are still poised to the downside with the Bollinger bands expanding, which suggests that the downside move is gaining strength. Resistance levels today are set at 1.3675 and 1.3744. Support levels are at 1.3569 and then 1.3534.

Published on  Tue, Aug 14 2007, 08:51 GMT

EUR/USD Daily Technical Forex

Mon, Aug 13 2007, 07:46 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:45 CET is 1.3671, trading under the daily pivot point level of 1.3681 with hourly indicators implicating that the downside is more vulnerable. The daily Bollinger and standard error bands also are poised to the downside but with falling ADXR daily values, the downside drag still lacks conviction. Levels to watch on the downside are 1.3625, 1.3555 and 1.3485 which are the 38.2, 50.0 and 61.8 Fibo retracement levels of the 1.3264 - 1.3852 range. Resistance levels today are set at 1.3719 and then 1.3744. Further out, the bullish trend remains intact with rising trendline support from the Feb 2006 low of 1.1827 coming in at 1.3353 and the rising 200 day moving average now at 1.3312.

Published on  Mon, Aug 13 2007, 07:46 GMT

EUR/USD Daily Technical Forex

Fri, Aug 10 2007, 08:09 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:09 CET is 1.3689, trading under the daily pivot point level of 1.3717 and now attempting a recovery with hourly standard error bands turning to the upside. The daily picture is showing initial signs of weakness with the daily Bollinger and standard error bands now poised to the downside and momentum indicators coming off. A potential head and shoulders is in the process of formation, which, if concluded has the potential to challenge rising trendline support from the Feb 2006 low of 1.1827 which comes in at 1.3345. Support levels today are set at 1.3617 and then 1.355. Resistance is to be encountered at 1.3779 and 1.3852.

Published on  Fri, Aug 10 2007, 08:09 GMT

EUR/USD Daily Technical Forex

Thu, Aug 9 2007, 08:27 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:27 CET is 1.3776, having had another attack on the all-time high yesterday without success. Daily Bollinger and standard error bands are flat. Support levels today are set at 1.3735 and 1.3676. A break of the previous low at 1.3611 will set the focus on the 50 percent Fibo retracement level at 1.3555 (measured from the 1.3259- 1.3852 range). Resistance levels are set at 1.3841 and the previous high at 1.3852, a break of which would target 1.3990 and then 1.4080. The long tern picture remains positive with the rising 200 day moving average currently at 1.3306 and the rising trendline support from the Feb 2006 low of 1.1827 marked at 1.3342.

Published on  Thu, Aug 9 2007, 08:27 GMT

EUR/USD Daily Technical Forex

Wed, Aug 8 2007, 06:22 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:25 CET is 1.3729, trading on the defensive and under the daily pivot point level of 1.3761. Daily Bollinger and standard error bands are flat and Bollinger bandwidth is relatively narrow, so a break away from the current lethargy must now be anticipated. The previous high of 1.3852 has not as yet been broken and it will be interesting to observe market action at the previous low of 1.3606. Support levels today are set at 1.3705 and then 1.3677. Resistance is set at 1.3789 and then 1.3845. Rising trendline support from the Feb 2006 low of 1.1827 comes in at 1.3334 and the 200 day moving average is at 1.3297.

Published on  Wed, Aug 8 2007, 06:22 GMT

EUR/USD Daily Technical Forex

Tue, Aug 7 2007, 07:54 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:56 CET is 1.3807. Oscillations have been contained in a 25 pip range throughout Asian trading. Intra-day movements still have random character, while the daily picture remains positive with Bollinger bands now turning to the upside. A break of 1.3852 would set focus on 1.3900 and then 1.3950 which are 50 and 61.8 percent Fibo projection targets measured from the 1.3264 - 1.3686 range. Support levels today are set at 1.3768 and 1.3745. Resistance levels are 1.3827 and then 1.3862. Rising trendline suopport from the Feb 2006 low of 1.1827 comes in at 1.3333. The rising 200 day moving average is now at 1.3298.

Published on  Tue, Aug 7 2007, 07:54 GMT

EUR/USD Daily Technical Forex

Mon, Aug 6 2007, 07:46 GMT
by Timothy Straiton

Stoploss.ch

A strong start to the week, trading at 1.3819 (09:48 CET), above the daily pivot point of 1.3756 and also close to the all-time high of 1.3852. The long-term picture still favours the upside with the rising 200 day moving average at 1.3284 and rising trendline support from the Feb 2006 low of 1.1823 unchallenged at 1.3334. The next significant resistance is the 161.8 percent Fibo projection target of the 1.3262 -1.3686 range which comes in at 1.3940. Intraday resistance levels are 1.3836 and then 1.3896. Support levels are at 1.3760 and then 1.3623. The hourly outlook seems uneventful, with the hourly Bollinger bands contracting and standard error bands flat to negative.

Published on  Mon, Aug 6 2007, 07:46 GMT

EUR/USD Daily Technical Forex

Fri, Aug 3 2007, 07:16 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:18 CET is 1.3702, having traded within a narrow 14 pip range in Asia and above the daily pivot point of 1.3686. Hourly momentum readings suggest the downside should attract today. Support levels are 1.3667 and thereafter 1.3632. Resistance levels are set at 1.3721 and 1.3741. The daily outlook remains positive with the rising 200 day moving average now at 1.3288 and rising trendline support from the Feb 2006 low of 1.1827 coming in at 1.3326.

Published on  Fri, Aug 3 2007, 07:16 GMT

EUR/USD Daily Technical Forex

Thu, Aug 2 2007, 08:02 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:05 CET is 1.3662, trading aimlessly under the daily pivot point of 1.3675, with daily Bollinger bands narrowing and both daily and hourly standard error bands poised to the downside. Support levels today are set at 1.3641 and then 1.3603. Resistance levels are 1.3713 and then 1.3748. Further important levels on the downside measured over the 1.3264 - 1.3852 range are the 50 percent Fibo retracement at 1.3558 and the 61.8 percent retracement at 1.3488. The 200 day moving average is now at 1.3281 and rising trendline support from the February 2006 low of 1.1827 is at 1.3322. As long as these two levels remain unchallenged, the upside is favoured.

Published on  Thu, Aug 2 2007, 08:02 GMT

EUR/USD Daily Technical Forex

Tue, Jul 31 2007, 08:26 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:28 CET is 1.3707, having recovered the 1.3686 resistance level yesterday and now trading above the daily pivot point level of 1.3670. The upward move seen over the past 24 hours is now reverting to a trendless state. The 14 day RSI is now at 53 percent and thus the previously overbought indications have been unwound. Resistance levels today are set at 1.3731 and then 1.3766. Support levels are at 1.3635 and then 1.3573. The daily picture remains positive with the rising 200 day moving average at 1.3265 and rising trendline support from the February 2006 low of 1.1827 coming in at 1.3310.

Published on  Tue, Jul 31 2007, 08:26 GMT

EUR/USD Daily Technical Forex

Mon, Jul 30 2007, 08:30 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:32 CET is 1.3664, trading just under the daily pivot point of 1.3670 with hourly standard error bands rising. Upside is expected to exhaust near the 1.3686 level, however a break here would challenge resistance levels at 1.3714 and then 1.3797. At present, downside support is being provided by the 38.2 Fibo retracement level at 1.3625, measured from the 1.3264 - 1.3852 range. Further support levels are to be encountered at 1.3587 and then 1.3543. The daily outlook is slightly on the defensive with standard error bands poised to the downside while Bollinger bands are flat and contracting.

Published on  Mon, Jul 30 2007, 08:30 GMT

EUR/USD Daily Technical Forex

Fri, Jul 27 2007, 08:23 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:25 CET is 1.3702, trading under the daily pivot point of 1.3733, but above first support at 1.3695. Although the important support level of 1.3686 has held so far, the market appetite for the upside seems lacking. The daily picture looks defensive and unless action to the upside materializes soon, the chances are good that support will give way and challenge Fibo retracement levels at 1.3625, 1.355 and 1.3485. Further levels to watch on the downside are rising trendline support from the Feb 2006 low of 1.1827 which comes in at 1.3303 and the 200 day moving average at 1.325. Resistance levels today are set at 1.3775 and then 1.3813.

Published on  Fri, Jul 27 2007, 08:23 GMT

EUR/USD Daily Technical Forex

Thu, Jul 26 2007, 07:53 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:55 CET is 1.3714, trading below the daily pivot point of 1.3749 and just shy of the important 1.3686 support level. Hourly momentum indicators are flat with Bollinger and standard error bands contracting. First resistance is set at 1.3801 ahead of the high of 1.3852. While the general concensus is for a continuation of the bullish trend in this currency pair, it might be timely to look at how the land lies should the unexpected happen. Based on the 1.3264 - 1.3852 range, the following Fibo retracement levels should be noted : 1.3626 (38.2), 1.3557 (50.0) and 1.3477 (61.8). The daily Ichimoku cloud top is now at 1.3393. Rising trendline support from the Feb 2006 low of 1.1827 comes in at 1.3303.

Published on  Thu, Jul 26 2007, 07:53 GMT

EUR/USD Daily Technical Forex

Wed, Jul 25 2007, 07:45 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:47 CET is 1.3784, trading below the daily pivot point level of 1.3826 with hourly Bollinger and standard error bands poised to the downside. Second support is at 1.3772 while market action at 1.3686 will be the acid test for this market. From a daily perspective, Bollinger bands are contracting although still slightly poised to the upside while the Macd is rolling over from a relatively high value. The general picture suggests the continuation of the consolidation period in a bull market. Resistance levels today are set at 1.3853 and then 1.3880. The rising 200 day moving average is now at 1.3244.

Published on  Wed, Jul 25 2007, 07:45 GMT

EUR/USD Daily Technical Forex

Tue, Jul 24 2007, 07:32 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:34 is 1.3415, trading above the daily pivot point of 1.3814. Daily Bollinger bandwidth continues to contract, suggesting that a phase of consolidation is unfolding. Hourly Bollinger and standard error bands are flat, also indicating trendless activity. Support level today are set at 1.3785 and then 1.3761. Resistance is at 1.3838 and 1.3850. As long as 1.3686 can ward off downside attacks, the bullish trend can be regarded as intact. A break of 1.3850 would set focus on Fibo projection targets of 1.39 and 1.3950.

Published on  Tue, Jul 24 2007, 07:32 GMT

EUR/USD Daily Technical Forex

Mon, Jul 23 2007, 06:25 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:26 CET is 1.3836, trading close to the new high made on Friday at 1.3843 and just shy of the 38.2 Fibo projection level at 1.3850. The daily pivot point is set at 1.3817 with resistance levels at 1.3854 and 1.3880. Support levels are 1.3791 and 1.3754. Daily Bollinger and standard error bands are still poised to the upside with Bollinger bandwidth starting to contract. This would suggest that a possible period of consolidation lies ahead. Hourly momentum indicators suggest a move to the downside is on the cards today. The 14 day RSI is at 78 percent and the 200 day moving average is at 1.3230.

Published on  Mon, Jul 23 2007, 06:25 GMT

EUR/USD Daily Technical Forex

Fri, Jul 20 2007, 10:43 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:18 CET is 1.3803, trading right on the daily pivot point in a narrow 20 pip range in Asian trading with hourly standard error and Bollinger bands flat. The outlook for this market remains positive although shy of the rising trendline resistance line measured from the high of 1.2970 on 15 May which comes in at 1.3850 in sync with the 38.2 Fibo projection target measured from the 1.3264 - 1.3686 range. Key level for the continuation of the bullish trend remains 1.3686.

Published on  Fri, Jul 20 2007, 10:43 GMT

EUR/USD Daily Technical Forex

Thu, Jul 19 2007, 08:14 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:17 CET is 1.3804, trading above the daily pivot point level of 1.3793 in a narrow 30 pip range during the Asian session. Daily standard error and Bollinger bands remain poised to the upside while the Bollinger bandwith has started to contract from a relatively high level, suggesting a period of consolidation or correction ahead. Resistance levels today are set at 1.3837, 1.3850 and then 1.3877. Support is expected at 1.3753 and then 1.3709.

Published on  Thu, Jul 19 2007, 08:14 GMT

EUR/USD Daily Technical Forex

Wed, Jul 18 2007, 07:58 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:59 CET is 1.3785, trading above the daily pivot point level of 1.3778. The 14 day RSI at 75 percent is gradually losing upside momentum although daily Bollinger and standard error bands are still poised to the upside. A new high has been registered at 1.3834 in early European trade, however a close today under 1.3770 would suggest that a larger downside correction is on its way. The 1.3686 level remains the key to this market. Further support today is to be encountered at 1.3758 and 1.3734.

Published on  Wed, Jul 18 2007, 07:58 GMT

EUR/USD Daily Technical Forex

Tue, Jul 17 2007, 08:04 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:05CET is 1.3788, trading above the daily pivot point of 1.3776 in directionless business with hourly momentum indicators flat. Resistance levels today are set at 1.3797 and 138.24 ahead of the 38.2 Fibo projection target of 1.3850, measured from the 1.3264 - 1.3686 range. Support levels are 1.3749 and then 1.3728. Daily Bollinger and standard error bands are rising and reflect the general positive trend, although the 14 day RSI at 76 percent indicates an overbought scenario.

Published on  Tue, Jul 17 2007, 08:04 GMT

EUR/USD Daily Technical Forex

Fri, Jul 13 2007, 06:40 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:42 CET is 1.3769, having fluctuated within a tight 20 pip range in Asia. The daily pivot point is set at 1.3777 with resistance at the previous high of 1.3799 and thereafter at 1.3810 and 1.3833. Support levels are set at 1.3754 and 1.3720. Expanding daily Bolliger bandwidth and rising narrow standard error bands indicate the continuation of the move to the upside which could well reach the 38.2 percent Fibo projection target of 1.3850. A certain measure of retracement should nevertheless be expected soon, given the high 14 day RSI value of 76 percent.

Published on  Fri, Jul 13 2007, 06:40 GMT

EUR/USD Daily Technical Forex

Thu, Jul 12 2007, 07:24 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:26 CET is 1.3775, trading above the daily pivot point level of 1.3750 and within striking distance of resistance at 1.3785 and 1.3809. Hourly Bollinger and standard error bands are flat to supportive. The 14 day RSI is now in overbought territory at 76 percent, however the majority of daily indicators confirm the validity of the bullish trend and we could well push to the 38.2 Fibo projection target at 1.3850 in the days ahead. Support levels today are set at 1.3716 and 1.3693.

Published on  Thu, Jul 12 2007, 07:24 GMT

EUR/USD Daily Technical Forex

Wed, Jul 11 2007, 07:12 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:14 is 1.3738, having broken the previous high of 1.3686 and reaching the 23.6 Fibo projection target at 1.3785, measured from the 1.3259 - 1.3686 range. The daily pivot point is at 1.3694 with resistance set at 1.3797 and then 1.3850 (which also marks the 38.2 percent Fibo projection level). Hourly standard error bands are now poised to the downside and Bollinger bands are contracting which suggests a short period of consolidation. On a daily basis the picture continues to give an overall positive outlook. A breach of 1.3785 will set the focus on Fibo projection targets at 1.3850, 1.3900 and 1.3950.

Published on  Wed, Jul 11 2007, 07:12 GMT

EUR/USD Daily Technical Forex

Tue, Jul 10 2007, 06:51 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:53 CET is 1.3614, trading below the daily pivot point of 1.3627 and grappling with first support at 1.3615. Bollinger and standard error bands are poised to the downside on an hourly basis, while daily values are still to the upside. Resistance levels today are set at 1.3643, 1.3655 and then the high of 1.3686. Further levels are support are marked by the 76.4 Fibo retracement of the 1.3259 -1.3686 move which comes in at 1.3585. Rising trendline support measured from the 1.3259 low made on June 13th comes in at 1.3535. This market still lacks directional movement and excitement will only be justified on a break of either 1.3255 or 1.3686.

Published on  Tue, Jul 10 2007, 06:51 GMT

EUR/USD Daily Technical Forex

Mon, Jul 9 2007, 06:47 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:50 CET is 1.3617, holding just above the daily pivot point of 1.3610 in a narrow 30 pip range in Asian trade. Resistance targets today are 1.3657 and the previous high of 1.3686. Support levels are at 1.3580 and then 1.3533. Overall long term picture remains bullish with rising 200 day moving average at 1.3171, the pair trading well above the daily Ichimoku cloud top at 1.3496 and daily Bollinger and standard error bands still poised to the upside.

Published on  Mon, Jul 9 2007, 06:47 GMT

EUR/USD Daily Technical Forex

Fri, Jul 6 2007, 06:53 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:55 CET is 1.3586 with hourly momentum readings slightly on the defensive and in sync with the general supportive tone for the US dollar. The daily pivot point is set at 1.3611 with support levels at 1.3565 and 1.3531. Resistance levels are 1.3643 and then 1.3686. With contracting hourly Bollinger bands and standard error bands poised flat, it appears that we will see a lack of direction for the short term. Further out, positive daily momentum readings would indicate that the upside remains intact. The rising 200 day moving average is currently at 1.3164 and the daily Ichimoku cloud top is at 1.3498.

Published on  Fri, Jul 6 2007, 06:53 GMT

EUR/USD Daily Technical Forex

Thu, Jul 5 2007, 07:57 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:58 CET is 1.3642, well held above the daily pivot point level of 1.3615, and heading for second resistance at 1.3644 ahead of the high of 1.3686. Support levels are relatively close today due to the narrow range yesterday. Suport lies at 1.3599 and then at 1.3586. Daily standard error bands are poised to the upside, while Bollinger bands are expanding. Daily ADXR readings are rising, also indicating a continuation of the move to the upside.

Published on  Thu, Jul 5 2007, 07:57 GMT

EUR/USD Daily Technical Forex

Wed, Jul 4 2007, 08:14 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:15 CET is 1.3617, trading above the daily pivot level of 1.3606, with both daily and hourly Bollinger and standard error bands poised slightly to the upside. Resistance levels today are at 1.3633 and 1.3661 ahead of the high of 1.3686. Daily momentum readings are still supportive. The 200 day rising moving average is now at 1.3155 and the daily Ichimoku cloud top is now at 1.3507. Support levels today are set at 1.3579 and then 1.3552.

Published on  Wed, Jul 4 2007, 08:14 GMT

EUR/USD Daily Technical Forex

Tue, Jul 3 2007, 07:40 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:42 CET is 1.3613, trading above the daily pivot point level of 1.3595. Resistance levels today are at 1.3566, 1.3686 and then 1.3709. Support levels are 1.3552 and then 1.3481. Hourly momentum readings are still in positive territory, but are showing first signs of easing off. Hourly standard error bands are pointing to the downside, while Bollinger bands are narrowing with the price close to the lower band at 1.3602. The 14 day RSI is aprroaching overbought levels at 69 percent.

Published on  Tue, Jul 3 2007, 07:40 GMT

EUR/USD Daily Technical Forex

Mon, Jul 2 2007, 07:38 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:39 CET is 1.3568, remaining above the daily pivot point level of 1.3503 and also the 61.8 percent Fibo retracement of the 1.3686 - 1.3259 range at 1.3522. Resistance levels today are 1.3579 and then 1.3617. Daily Bollinger and standard error bands are still poised to the upside as are hourly momentum indications. Support levels are at 1.3465 and then 1.3389.

Published on  Mon, Jul 2 2007, 07:38 GMT

EUR/USD Daily Technical Forex

Fri, Jun 29 2007, 07:28 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:30 CET is 1.3446, trading just under the daily pivot point of 1.3450 in continued range-bound activity. Daily standard error bands still point to the upside, while daily Bollinger bands are flat. The rising trendline support taken from the the Feb 2006 low of 1.1827 is now at 1.3227 and the rising 200 day moving average is at 1.3147. As long as these levels are not broken, we must assume at the present time that the bullish trend will continue. Resistance levels today are to be found at 1.3478 and then 1.3510. Support levels are 1.3416 and then 1.3387.

Published on  Fri, Jun 29 2007, 07:28 GMT

EUR/USD Daily Technical Forex

Thu, Jun 28 2007, 09:16 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:15 is 1.3454, trading above the daily pivot point level of 1.3440 with hourly momentum readings supportive and daily standard error bands still pointing to the upside. This market is still moving inside the daily Ichimoku cloud, which has its base now at 134.32. The relatively low daily ADXR readings stress the lack of direction currently evident in this market.

Published on  Thu, Jun 28 2007, 09:16 GMT

EUR/USD Daily Technical Forex

Wed, Jun 27 2007, 08:42 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:45 is 1.3434, trading below the daily pivot point level of 1.3456 and losing downside momentum around the first support level of 1.3431. Second support is at 1.3404 and this coincides with the 23.6 percent Fibo retracement of the 1.2484 - 1.3686 range. Resistance levels today are set at 1.3481 and thereafter 1.3504.

Published on  Wed, Jun 27 2007, 08:42 GMT

EUR/USD Daily Technical Forex

Tue, Jun 26 2007, 07:17 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:20 CET is 1.3445, trading just under the daily pivot point of 1.3456 and having traded within a narrow 40 pip range for the last 24 hours. Support levels today are at 1.3440 and 1.3418. Resistance at 1.3478 and then 1.3495. There is little here to cause exitement right now. Daily Bollinger and standard error bands are flat. Hourly Bollinger and standard error bands suggest more fantasy to the downside if anything.

Published on  Tue, Jun 26 2007, 07:17 GMT

EUR/USD Daily Technical Forex

Mon, Jun 25 2007, 07:21 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:23 CET is 1.3444, trading above the daily pivot point of 1.3438 and having traded as high as 1.3472 in earlier Asian business. This level marks the 50 percent Fibo retracement of the 1.3686 - 1.3259 range. Hourly momentum readings in positive territory but on the defensive, suggesting further probing to the downside short-term. Resistance levels today are at 1.3496 and then 1.3528. Support to be expected at 1.3405 and then 1.3346. Rising trendline support from the Feb 2006 low of 1.1827 is now at 1.3210.

Published on  Mon, Jun 25 2007, 07:21 GMT

EUR/USD Daily Technical Forex

Fri, Jun 22 2007, 08:40 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:40 CET is 1.3413, currently above the daily pivot point of 1.3387 in directionless activity, but with a slight drift to the upside. Resistance expected at 1.3427. Support levels are at 1.3368 and then 1.3350. Daily standard error and Bollinger bands are flat while daily ADXR readings are still falling, factors which express the lack of direction characterising this market at present.

Published on  Fri, Jun 22 2007, 08:40 GMT

EUR/USD Daily Technical Forex

Thu, Jun 21 2007, 08:13 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:15 CET is 1.3379, trading below the daily pivot point level of 1.3411 and again under the daily Ichimoku cloud base at 1.3387, with hourly momentum readings on the defensive. Second support today is at 1.3373, while resistance levels are at 1.3426 and 1.3451. Our preferred scenario is to the downside with a target at the 38.2 percent Fibo retracement level of 1.3225, measured from the low of 1.2484 to the high of 1.3686.

Published on  Thu, Jun 21 2007, 08:13 GMT

EUR/USD Daily Technical Forex

Wed, Jun 20 2007, 07:48 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:50 CET is 1.3421, trading above the daily pivot point level of 1.3414. This level also happens to coincide with the Fibo 38.2 percent retracement of the 1.3686 - 1.3260 move. Further resistance today seen at 1.3448 and 1.3470. On the downside expect support at 1.3392 and 1.3358. Momentum readings are flat and giving no clues right now.

Published on  Wed, Jun 20 2007, 07:48 GMT

EUR/USD Daily Technical Forex

Tue, Jun 19 2007, 06:29 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:30 CET is 1.3428, trading above the daily pivot point level of 1.3397 with hourly momentum indicators in bullish territory and displaying no sign of weakness at the time of writing. Market focussing on second intra-day resistance at 1.3446, which also marks the rising trendline support line from the October 2006 low of 1.2484. Support levels today are at 1.3383 and then 1.3355. The rising 200 day moving average is now at 1.3113.

Published on  Tue, Jun 19 2007, 06:29 GMT

EUR/USD Daily Technical Forex

Mon, Jun 18 2007, 07:25 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:26 CET is 1.3394, trading above the daily pivot point level of 1.3361 on the way to test resistance levels at 1.3415 and thereafter at 1.3449. The trend line support, measured from the October 2006 low of 1.2484, which was broken on 8th May at 1.3396 is now at 1.3418 and could act as an additional resistance to the Euro as it eats its way through the daily Ichimoku cloud, the base of which is at 1.3379. Support levels are 1.3330 and then 1.3274. Hourly momentum readings in bullish territory but showing first signs of exhaustion.

Published on  Mon, Jun 18 2007, 07:25 GMT

EUR/USD Daily Technical Forex

Fri, Jun 15 2007, 07:20 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:20 CET is 1.3315, trading above the daily pivot point level of 1.3304 with hourly momentum figures edging into positive territory. Resistance levels today are at 1.3332 and 1.3352 ahead of the daily Ichimoku cloud base at 1.3379. Support is expected at 1.3283 and then 1.3255 ahead of the 38.2 Fibo retracement level at 1.3225, measured from the 1.2484 - 1.3686 range.

Published on  Fri, Jun 15 2007, 07:20 GMT

EUR/USD Daily Technical Forex

Thu, Jun 14 2007, 08:00 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:00 CET is 1.3302, trading just above the daily pivot point of 1.3294, having traded as low as 1.3262 yesterday, close to the 38.2 Fibo retracement level of 1.3225. Daily RSI and stochastics are approaching oversold levels and suggest a rebound to the upside may be in the course of formation. Support levels today are 1.3273 and 1.3238. Resistance is to be expected at 1.3330, 1.3350 and the daily Ichimoku cloud base at 1.3379.

Published on  Thu, Jun 14 2007, 08:00 GMT

EUR/USD Daily Technical Forex

Wed, Jun 13 2007, 09:13 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:20 CET is 1.3285, trading under the daily pivot point of 1.3323 and getting closer to the 38.2 percent Fibo retracement level of 1.3225, measured from the 1.2484-1.3686 range. Support levels for today are 1.3276 and 1.3250. Resistance is to be expected at 1.3350 and then 1.3398, the latter probably capping any upward retracement. The 14 day RSI which is now at 30 percent, warns of an approaching oversold scenario.

Published on  Wed, Jun 13 2007, 09:13 GMT

EUR/USD Daily Technical Forex

Tue, Jun 12 2007, 08:13 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:15 CET is 1.3343, trading just under the daily pivot point level of 1.3352, with momentum readings flat. Support levels today are 1.3333, 1.3310, followed by 38.2 Fibo retracement level of 1.3230. The 200 day moving average is rising and currently at 1.3102. Downside favoured with the rupture of rising trendline support last Friday at 1.3390. Resistance levels today are at 1.3376 and 1.3395.

Published on  Tue, Jun 12 2007, 08:13 GMT

EUR/USD Daily Technical Forex

Mon, Jun 11 2007, 07:15 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:15 CET is 1.3344, trading under the daily pivot point of 1.3373 and also under the daily Ichimoku cloud base at 1.3379. The rising trendline support from the March 2006 low of 1.2484, has been broken on Friday at 1.3383 and suggests that more US$ strength can be expected in the coming months, with the 38.2 percent Fibo retracement target of 1.3225 from the entire 1.2484 - 1.3686 move attracting initially. Support levels today are 1.3312 and then 1.3255. Expect recoveries to stall at the ruptured rising trendline support now at 1.3391. Should this level break, additional resistance is marked at 1.3431 and then 1.3492.

Published on  Mon, Jun 11 2007, 07:15 GMT

EUR/USD Daily Technical Forex

Fri, Jun 8 2007, 07:08 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:10 CET is 1.3410, trading below the daily pivot point level of 1.3454 and getting close to the rising trendline support from the October 2006 low of 1.2484, which is now at 1.3383. A break below this level will confirm the improving sentiment for the US dollar and put focus on the 38.2 percent Fibo retracement level of 1.3225, measured from the 1.2484 - 1.3686 range. The daily Ichimoku cloud base is now at 1.3379.

Published on  Fri, Jun 8 2007, 07:08 GMT

EUR/USD Daily Technical Forex

Thu, Jun 7 2007, 08:03 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:05 CET is 1.3496, trading under the daily pivot point level of 1.3508 in directionless activity (20 pip range) throughout the Asian session. Resistance levels today are 1.3530 and then 1.3561. Support is at 1.3477 and then 1.3455. Rising trendline support from the October 2006 low of 1.2484 is now at 1.3379, which also happens to coincide with the daily Ichimoku cloud base. A break here will open up the downside and bring Fibo support levels measured over the 1.2484 - 1.3686 range of 1.3230 and 1.3085 into focus.

Published on  Thu, Jun 7 2007, 08:03 GMT

EUR/USD Daily Technical Forex

Wed, Jun 6 2007, 08:11 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:12 CET is 1.3515, trading below the daily pivot point level of 1.3520 with hourly momentum although still in positive territory, suggesting more downside potential on the cards today. The daily Ichimoku cloud top is now at 1.3550. Daily pivot resistance levels are at 1.3552 and 1.3586. Support is at 1.3487 and then 1.3455. Rising trendline support from the October 2006 low of 1.2484 is now at 1.3375.

Published on  Wed, Jun 6 2007, 08:11 GMT

EUR/USD Daily Technical Forex

Tue, Jun 5 2007, 07:58 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:57 CET is 1.3506, trading above the daily pivot point of 1.3475 with the 21 day standard error bands pointing to the upside for the first time since the beginning of May. Rising trendline support from the October 2006 low of 1.2486 at 1.3371 has held so far and upside resistance levels today are 1.3519 and then 1.3543. A break of the daily pivot point to the downside would put focus on support levels of 1.3451 and then 1.3408.

Published on  Tue, Jun 5 2007, 07:58 GMT

EUR/USD Daily Technical Forex

Mon, Jun 4 2007, 06:22 GMT
by Timothy Straiton

Stoploss.ch

Current level at 07:55 CET is 1.3453, trading above the daily pivot point level of 1.3434, in directionless trade. Hourly momentum readings suggest a slight upside bias with resistance levels today at 1.3476 and then 1.3506. Support is a to be encountered at 1.3405 and at rising trendline support from the October 2006 low of 1.2484 which is now at 1.3366. We are trading in the middle of the Daily Ichimoku cloud, the base of which is now 1.3379 and the top at 1.3542.

Published on  Mon, Jun 4 2007, 06:22 GMT

EUR/USD Daily Technical Forex

Fri, Jun 1 2007, 07:35 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:55 CET is 1.3447, trading under the daily pivot point level of 1.3451 and within a tight 12 pip range throughout the Asian session. Hourly momentum suggests a slight downward bias at present. Rising trendline support from the October 2006 low of 1.2484 is now at 1.3360. Support levels today are 1.3425 and then 1.3397. Resistance is at 1.3479 and then 1.3505.

Published on  Fri, Jun 1 2007, 07:35 GMT

EUR/USD Daily Technical Forex

Thu, May 31 2007, 08:18 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:18 CET is 1.3437, trading above the daily pivot point of 1.3428. Little directional movement to be seen at present, however daily Bollinger and standard error bands, while still pointing to the downside, are losing momentum. Hourly momentum readings suggest that the chances of a recovery are quite favourable today, with resistance targets at 1.3453 and then 1.3482. Support levels are 1.3401, 1.3375 and then the rising trendline support from the October 2006 low of 1.2486, which is now at 1.3357.

Published on  Thu, May 31 2007, 08:18 GMT

EUR/USD Daily Technical Forex

Wed, May 30 2007, 08:43 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:18 CET is 1.3441, trading below the daily pivot point level of 1.3460. Hourly momentum readings have a flat to negative bias. Support levels today are at 1.3402, 1.3357 and then the rising trendline support from the October 2006 low of 1.2484, which is now at 1.3348. Resistance is to be encountered at 1.3506 and then 1.3565.

Published on  Wed, May 30 2007, 08:43 GMT

EUR/USD Daily Technical Forex

Tue, May 29 2007, 11:50 GMT
by Timothy Straiton

Stoploss.ch

Current level at 13:15 CET is 1.3487, trading above the daily pivot point at 1.3450 with hourly momentum readings still pointing to the upside. Rising trendline support from the October 2006 low of 1.2484 comes in at 1.3347. If 1.3412 is not broken to the downside today, then we have the first daily higher low and a higher high since the 15th of May and thus a delay to further downside exploration for the moment.

Published on  Tue, May 29 2007, 11:50 GMT

EUR/USD Daily Technical Forex

Thu, May 24 2007, 08:44 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:20 CET is 1.3433, trading below the daily pivot point level of 1.3456, however with hourly momentum readings suggesting a recovery on the cards today. Support levels today are 1.3411 and 1.3367 ahead of rising trendline support from the October 2006 low of 1.2484 which is now at 1.3329. Resistance levels are 1.3500 and then 1.3545.

Published on  Thu, May 24 2007, 08:44 GMT

EUR/USD Daily Technical Forex

Wed, May 23 2007, 08:12 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:45 CET is 1.3442, stumbling around the daily pivot point of 1.3452, stamping out a narrow 40 pip range over the past 24 hours. Support levels for today are 1.3428 and 1.3410. Resistance ist at 1.3470 and 1.3494. Rising trendline support from the October 2006 low of 1.2484 comes in at 1.3324. The 200 day moving average is now at 1.3058.

Published on  Wed, May 23 2007, 08:12 GMT

EUR/USD Daily Technical Forex

Tue, May 22 2007, 08:21 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09.58 CET is 1.3460, trading under the daily pivot point level of 1.3475. Hourly and 15 minute momentum readings suggest a possible short-term base building here although no upside follow-through has been seen as yet. Support today is at 1.3422 and 1.3378. Resistance is at 1.3519 and then 1.3572. Our downside target level is 1.3318, which is the rising trendline support from the October 2006 low of 1.2484. Market reaction at this level will give us more clues as to the health of the current bullish Euro trend.

Published on  Tue, May 22 2007, 08:21 GMT

EUR/USD Daily Technical Forex

Mon, May 21 2007, 08:05 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:30 CET is 1.3505, trading above the daily pivot point level of 1.3496. Support levels today are at 1.3472 and then 1.3436. Resistance is at 1.3536 and then 1.3556. Very little action here, however daily standard error and Bollinger bands are still channeled to the downside. Rising trendline support from the October 2006 low of 1.2484 is now at 1.3312 and remains our downside target.

Published on  Mon, May 21 2007, 08:05 GMT

EUR/USD Daily Technical Forex

Fri, May 18 2007, 07:17 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:45 CET is 1.3488, trading below the daily pivot point level of 1.3502 with hourly momentum readings in negative territory. Rising trendline support from the October 2006 low of 1.2484 comes in at 1.3308. Support levels for today are 1.3463 and then 1.3433. Resistance is to be encountered at 1.3534 and thereafter at 1.3574.

Published on  Fri, May 18 2007, 07:17 GMT

EUR/USD Daily Technical Forex

Wed, May 16 2007, 09:11 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:45 CET is 1.3600, trading above the daily pivot point level of 1.3574 with hourly momentum in positive territory. Resistance levels today are 1.3626 and 1.3666 ahead of the previous high of 1.3686. A break of the latter would set focus on the Fibo projection target of 1.4160. Support levels today are 1.3540 and 1.3488. Rising trendline support from the October 2006 low of 1.2484 is now at 1.3295.

Published on  Wed, May 16 2007, 09:11 GMT

EUR/USD Daily Technical Forex

Tue, May 15 2007, 07:39 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:5 CET is 1.3553, trading above the daily pivit point level of 1.3539. Upward hourly momentum flattening after having shown a positive bias since Friday afternoon. Rising trendline support from the October 2006 low of 1.2484 is now at 1.3290. Support today to be encountered at 1.3520 and then 1.3502. Resistance is at 1.3557 and then 1.3576.

Published on  Tue, May 15 2007, 07:39 GMT

EUR/USD Daily Technical Forex

Fri, May 11 2007, 09:08 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:25 CET is 1.3476, trading below the daily pivot level of 1.3502. Short term momentum readings have recovered to the 100 line without the pair having made any significant upside move. This is negative. Support levels today are 1.3440 and 1.3399. Rising trendline support from the October 2006 low of 1.2484 comes in today at 1.3280. This level remains our downside target. Resistance levels today are 1.3543 and then 1.3605.

Published on  Fri, May 11 2007, 09:08 GMT

EUR/USD Daily Technical Forex

Thu, May 10 2007, 09:19 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10.50 CET is 1.3542, just above the daily pivot point level of 1.3535, with hourly momentum readings suggesting that a temporary base may be forming here. Today's resistance is at 1.3555 and 1.3586 and support is at 1.3504 and 1.3484. Rising trendline support from the October 2006 low of 1.2484 is now at 1.3274 which we expect to be tested before any substantial recovery takes place.

Published on  Thu, May 10 2007, 09:19 GMT

EUR/USD Daily Technical Forex

Wed, May 9 2007, 07:39 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:00 CET is 1.3539, trading under the daily pivot point level of 1.3558, with hourly momentum readings suggesting that a short-term base is being built. Support levels today are 1.3495 and 1.3448. Resistance to be encountered at 1.3605 and 1.3668. Rising trendline support from the October 2006 low of 1.2484 comes in at 1.3267 and the daily Ichimoku cloud top is at 1.3286; levels which should enclose the current downside correction.

Published on  Wed, May 9 2007, 07:39 GMT

EUR/USD Daily Technical Forex

Tue, May 8 2007, 08:26 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:44 CET is 1.3600, trading just under the daily pivot point level of 1.3605. Narrow range seen over last 24 hours with support at 1.3582 and then 1.3565. Resistance at 1.3622 and 1.3644 ahead of previous high at 1.3686. We still expect more testing of the downside, possibly to the rising trendline support at 1.3265, a level which coincides with the Fibo 50% retracement of the 1.2866 - 1.3686 range. Only a break of the previous high would negate our expectations and turn the focus on the Fibo projections levels at 1.4140 and 1.4440.

Published on  Tue, May 8 2007, 08:26 GMT

EUR/USD Daily Technical Forex

Mon, May 7 2007, 08:18 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:15 CET is 1.3606, trading above the daily pivot point level of 1.3576. Support levels today are 1.3543 and 1.3497. Resistance is at 1.3622, 1.3655 and then 1.3686. The long term trend is up with the 200 day moving average at 1.3015 and rising trend line support from the October 2006 low of 1.2484 intact at 1.3257. We still dislike the negative divergence in the 14 day RSI and the fading momentum evident on the hourly charts and would expect more downside on the EUR today.

Published on  Mon, May 7 2007, 08:18 GMT

EUR/USD Daily Technical Forex

Fri, May 4 2007, 08:01 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:30 CET is 1.3561and attempting to break above the daily pivot point at 1.3571, although the hourly momentum readings are in negative territory and recovery signs are no all too convincing. Nevertheless a break above the pivot point will see immediate resistance at 1.3600 and thereafter at 1.3651. Support to be expected at 1.3520 and 1.3491. We still favour the downside and expect the rising trendline support level at 1.3251 to be challenged before another move to the upside is attempted.

Published on  Fri, May 4 2007, 08:01 GMT

EUR/USD Daily Technical Forex

Thu, May 3 2007, 08:13 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:25 CET is 1.3608, trading above the daily pivot point level of 1.3586. Support levels today are 1.3560 and 1.353. Resistance at 1.3615, 1.3641 and the previous high of 1.3686. A break here would put focus on Fibo projection targets of 1.4140 and 1.4440, measured from the low of November 2006 of 1.1661. We would suggest however, that the downside will be tested first with moves as far down as the rising trendline support at 1.3247.

Published on  Thu, May 3 2007, 08:13 GMT

EUR/USD Daily Technical Forex

Wed, May 2 2007, 09:28 GMT
by Timothy Straiton

Stoploss.ch

Current level at 11:05 CET is 1.3573, trading under the daily pivot point level of 1.3620. Hourly momentum is still in negative territory and next support is seen at 1.3534. Rising trendline support from the October 2006 low of 1.2484 comes in at 1.3245. On the upside, resistance today is seen at 1.3654 and 1.3706.

Published on  Wed, May 2 2007, 09:28 GMT

EUR/USD Daily Technical Forex

Tue, May 1 2007, 08:22 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:55 CET is 1.3634, trading around the daily pivot point level of 1.3635. This market seems to be running into a brick wall at 1.3680 for the time being. The 14 day RSI rising trendline support is at currently at 62 percent and as long as this holds, we can assume that the uptrend is still valid. Rising trendline support from the October 2006 low of 1.2484 comes in at 1.3237. Today's support levels are 1.3591 and 1.3541. Resistance lies at 1.3685.

Published on  Tue, May 1 2007, 08:22 GMT

EUR/USD Daily Technical Forex

Mon, Apr 30 2007, 07:42 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:15 is 1.3606, trading under the daily pivot point level of 1.3639. Rather erratic swings in trading since Friday, show for indecision in the market at present with the old high of 1.3668 appearing more difficult to break than one would have expected. Today's support levels are 1.3592 and then 1.3535. Rising trendline support from the October 2006 low of 1.2484 comes in at 1.3230 and the 200 day moving average is at 1.2996.

Published on  Mon, Apr 30 2007, 07:42 GMT

EUR/USD Daily Technical Forex

Fri, Apr 27 2007, 08:13 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:45 CET is 1.3594, trading under the daily pivot point level of 1.3610. Daily support levels are 1.3565 and 1.3536. Resistance 1.3638 and then the historic high of 1.3668, which if broken will put the focus on Fibo projections to 1.4140 and 1.4440. The overbought situation visible in the weekly RSI would suggest that a push up from here will be not be sustainable short-term. Rising trendline support from October 2006 comes in at 1.3230.

Published on  Fri, Apr 27 2007, 08:13 GMT

EUR/USD Daily Technical Forex

Thu, Apr 26 2007, 09:15 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10.45 CET is 1.3641, struggling around the daily pivot point level of 1.3639. Immediate support levels are 1.3614 and 1.3592. Resistance is at 1.3661 ahead of the historic high of 1.3668. A break above here would activate Fibo projection targets of 1.4140 and 1.4440, although it is doubtful if these levels will be met immediately, taking into account the current overbought market environment. (14 week RSI at 71%).

Published on  Thu, Apr 26 2007, 09:15 GMT

EUR/USD Daily Technical Forex

Wed, Apr 25 2007, 08:07 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:40 CET is 1.3644, trading above the daily pivot point level of 1.3608 and near the December 2004 high of 1.3668. Channel top resistance measured from the 15th of May 2005 high of 1.2970 is currently at 1.3655, thus the upside may stall here short-term. Nevertheless, a break above these levels could propell us to Fibo projected targets of 1.4140 and even 1.4440. Short-term support levels are 1.3573 and 1.3509.

Published on  Wed, Apr 25 2007, 08:07 GMT

EUR/USD Daily Technical Forex

Tue, Apr 24 2007, 08:44 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:10 CET is 1.3564, trading just under the daily pivot point level of 1.3573. Hourly momentum readings are in still in negative territory so we need to see this market trade confortably above the pivot point to give more credence to a recovery today. Short term support levels are 1.3555 and 1.3538. Resistance is at 1.3590, 1.3608 and the previous high of December 2004 at 1.3668. Rising intermediate trendline support measured from the low of last October at 1.2484 comes in at 1.3200.

Published on  Tue, Apr 24 2007, 08:44 GMT

EUR/USD Daily Technical Forex

Mon, Apr 23 2007, 07:21 GMT
by Timothy Straiton

Stoploss.ch

Current level at 08:46 CET is 1.3577, trading under the daily pivot point level of 1.3601. Hourly momentum readings on the defensive and gradually edging into negative territory. The 14 day RSI is at 69 percent and an unwinding of the current overbought scenario is expected before we see a test of Fibo resistance at 1.3680. On the downside, expect support at 1.3560 and thereafter at 1.3485. Rising intermediate trendline support is at 1.3197 and the 200 day moving average is at 1.2972.

Published on  Mon, Apr 23 2007, 07:21 GMT

EUR/USD Daily Technical Forex

Fri, Apr 20 2007, 09:06 GMT
by Timothy Straiton

Stoploss.ch

Current level at 10:15 CET is 1.3609, trading above the daily pivot point at 1.3594. Hourly momentum readings are still in positive territory although the rate of advance is slowing. The near-term upside target remains 1.3680 which is the 61.8 percent Fibo projection of the 1.2866 - 1.3368 range. Market still clinging to the upper daily Bollinger band but also slipping into overbought territory with the 14 day RSI over 70 percent. On the downside, support levels to watch are 1.3560 and 1.3485. Rising intermediate trendline support is now at 1.3200 and the 200 day moving average is at 1.2966.

Published on  Fri, Apr 20 2007, 09:06 GMT

EUR/USD Daily Technical Forex

Thu, Apr 19 2007, 10:05 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:15 CET is 1.3577, trading just under the daily pivot point level of 1.3588. Hourly momentum figures suggest vulnerability to the downside short-term. Yesterday the Fibo projection target of 1.3620 was reached and further resistance is to be encountered at 1.3680. Support levels are 1.3560 and thereafter 1.3485. Rising intermediate trendline support is now at 1.3185 and the 200 day moving average is at 1.2962.

Published on  Thu, Apr 19 2007, 10:05 GMT

EUR/USD: Current level at 09:35 CET is 1.3591

Wed, Apr 18 2007, 15:45 GMT
by Timothy Straiton

Stoploss.ch

Current level at 09:35 CET is 1.3591, trading above the daily pivot point level of 1.3562. Hourly momentum is still in positive territory, but finding the going difficult here. The 14 day RSI is now at 73, which suggests that an overbought environment is building up. Further short-term Fibonacci projection targets are to be encountered at 1.3620 and 1.3680 which could well cap the current bull run. On the downside look for support at 1.3368 and intermediate trendline support at 1.3182. The 200 day moving average is at 1.2957.

Published on  Wed, Apr 18 2007, 15:45 GMT