EURUSD moves above 50 Day SMA

• EURUSD Daily is above 50 Day SMA.
• If price sustain above this line its likely to target 1.0760 and 1.0860 levels soon.
• Weakness resumes only if price falls back below 50 SMA again. 

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US Dollar Technical Analysis

• US Dollar Month candle yet to show weakness. But the Dollar bulls need the Month close to be at the current levels or Higher. Any close towards 100 lower will indicate weakness 
• Weekly chart shows a range breakout Targeting 108 levels. Staying above 100 this target will be achieved in the short term. Weakness only on week or month closing below 100 levels.
• GOLD Triangle and Trend update

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EURUSD Month Week and Daily chart analysis

 

• Week and Month chart shows pair violating crucial support zone at 1.0456. Another weekly close below this zone will strengthen bears of eurusd. Month close below this zone may lead to a bigger breakdown of eurusd.
• For now Daily chart shows. This bounce may hit resistance between 1.0520 - 1.0550 zone. For a bigger bounce price must sustain above this zone.
• GOLD Month charts

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Broadening Pattern EURUSD

• 4 Hour chart shows price testing support zone of the Broadening Pattern. 1.0520 is the crucial low in 4 Hour time frame.
• If 1.0520 does not hold the weekly lows are likely to be tested.
• Month chart is in consolidation after a Big down move. Mostly these consolidations are likely to be solved in favour of the bigger move. 1.0456 is the crucial level in week and month charts. 

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EURUSD Weekend update

• EURUSD Month chart shows price falling towards the support zone between 1.0456 - 1.0519. this zone must be held to avoid a Range breakdown. With Dollar getting stronger this scenario cannot be ruled out.
• 4 Hour chart shows the up move getting resisted at 50 Period SMA. Pair must cross and stay above this line for a reversal to take place. 4 Hour chart shows a bearish candle from 50 period SMA line. More weakness if price falls below 1.0580. Below this zone price may test 1.0560 , 1.0540 and 1.0520 levels.
• GOLD Weekned update
• CRUDE OIL Weekend update

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EURUSD Trend update

• Four hour chart shows price trending down below the cloud.
• Now most of the consolidations that happen from here will act as continuation patterns until crucial resistance levels are broken.
• One such level shown in daily chart is 1.3836, This level will act as resistance. Price has to close above this level to reduce bearishness of the current trend.
• Price is staying below 50 week, 200 Daily and crucial trend lines. So selling into resistance levels will be an easy trade to take.

EURUSD and US Dollar Chart analysis

• EURUSD showing bearish price action. 
• US dollar is showing bullish price action.
• If this move sustains then its no good news for stock markets.

EURUSD Trend update

• Daily chart of EURUSD shows a bearish engulfing pattern.
• Price in hour chart is trading below the cloud. Indicating a sell on rise price action.
• Price is testing its 200 Hour moving average. Trend will completely turn bearish if price sustains below 200 Hour moving average.
• Staying above 1.4330 level may give an up move for the pair.

EURUSD Support levels

• EURUSD is pausing at 20 Week Moving average.
• Weekly candle closing below 20 Week Moving average may push price to the support line of the channel shown in the 2nd chart.
• Bullish Structure in weekly chart will be intact as long as the channel is not violated.

EURUSD Correction in a Bull Market

• EURUSD pair has given a breakdown from the range it was trading in hour chart. Price has also fallen below 200 Hour moving average. These two support levels may act as resistance levels now.
• Daily chart shows good correction, But Price has not violated the trend line yet. Unless price violates the trend line this can be considered as a correction in a bull market.

EURUSD Near the top of the range

• EURUSD Hour is trading in a range and Price is near the top of the range.
• Second chart shows developing negative divergence which might prevent price from breaking out of  the range.
• Range is between 1.4762 - 1.4882. Bigger movements will be possible once this range gets resolved.

EURUSD Near resistance levels

• EURUSD is near a resistance level in both daily and weekly chart.
• Cluster of resistance between 1.42 - 1.43 area.
• Bigger correction may happen only if 50 day moving average gets broken.

EURUSD Near a Trend line

• EURUSD May turn around from 1.32 levels.
• The supporting TREND LINE may reverse the down trend in daily chart.
• Break below 1.32 will be negative and extend this correction.

EURUSD Daily chart analysis

• EURUSD daily chart with Trend line support.
• Correction for this index may find support on the trend line in daily chart.
• Important support for the pair is around 1.32 level
• Larger correction from here will be possible only if the trend line gets violated.

EURUSD Triangle being tested

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• EURUSD Four hour chart with the triangle breakout which is being tested now.
• Support levels for this correction is at 1.3890.
• Zone of 1.3770 - 1.38 can also give support for the pair.
• Possibilities of a busted pattern increases if price starts to trade within the triangle pattern which gave an upside breakout.
• US DOLLAR Weekly charts
  

EURUSD above 20 DMA

• EURUSD daily chart with 20 DMA.
• Pair has crossed above 20 DMA and is now moving towards the top of the triangle pattern.
• Currency pair may find resistance near the top of the triangle.

EURUSD In a range

• EUR/USD is showing a range in 4 hour chart.
• 1.3744 - 1.3804. can act as a support area.
• 1.3998 - 1.4033 is acting as resistance.
• Next big move possible only after this range gets resolved