Technical analysis on EU,GU and majors

[bhanu545]

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.5540 and seems to initiate a decline. However, a break through these levels will release good potential and initiate a violent bullish trend.
Technical indicators provide buy-signals but until the resistance is not broken the assumption of a decline is most probable. Bollinger bands have greatly tightened these days pointing at decline in volatility and the imminence of a violent movement.
According to previous events the market will offer a bullish prospect as soon as the spot rate has broken through its resistance of 1.5540 with the 1st objective at 1.5600 and then at 1.5620. A break through 1.5520 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The spot rate is currently testing the lower limit of its medium term bullish channel at 1.2460 and seems to initiate a rebound. However, a break through these levels will release good potential and reach the lower limit of its medium term bearish channel to 1.2230.
Technical indicators do not provide clear signals but until the support is not broken the assumption of a rebound is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement
According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.2460 with the 1st objective at 1.2520 and then at 1.2540. A break through 1.2440 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The euro is pressurized by some uncertainty with respect to the official preparations for Greece leaving the Eurozone and the bailout received by Spanish banks. Thus we see that many investors are taking profits. There is not clear yet how will the euro behave, this will be known after June 18.
On a technical level, we have noticed a formation of a bullish pattern that has implications. Long-term euro is expected to reach 1.27, or more up to 1.2880, a closing quote below 1.2430 would invalidate the bullish outlook, and would give beginning of a new sequence.

Therefore, we recommend buying above 1.2490, with the weekly pivot around, with objectives 1.28 to medium term.

The range indicator is showing moderate bullish signal.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The spot rate is currently testing the intermediate resistance of its medium term bullish channel at 1.5610 and seems to initiate a decline. However, a break through these levels will release good potential and reach the upper limit of this one – 1.5690.

Technical indicators provide sell-signals and until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.5610 with the 1st objective at 1.5670 and then at 1.5690. A break through 1.5590 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[YES]

The EURUSD has enterted into an asymmetrical triangle. This should, technically give a direction for future price depending on what side of the triangle price breaks out from.

[bhanu545]

The spot rate is now checking the upper border of its medium term bearish channel at 1.2650 and seems to start declining. Though a puncture of these levels will release good potential and initiate a violent bullish trend.
Technical indicators provide buy-signals and approaching overbuy zone supporting the assumption of a decline. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
Taking into consideration the previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.2650 with the 1st objective at 1.2710 and then at 1.2730. A break through 1.2630 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The spot rate is currently testing the lower limit of its medium term bullish channel at 1.5505 and seems to initiate a rebound. However, a break through these levels will release good potential and initiate a violent bearish trend.
Technical indicators do not provide clear signals but until the support is not broken the assumption of a rebound is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.5505 with the 1st objective at 1.5570 and then at 1.5590. A break through 1.5480 will invalidate this plan.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

All this week the euro has traded in a range of 1.2460 - 1.2630 awaiting what will happen in Greece, there is too much uncertainty, so the market will not respect any technical analysis.
In the chart we see that the euro keeps its uptrend, therefore we recommend buying at 1.2520 or 1.2660, I recommend you to operate with very tight stop loss, if you cannot operate today.
As a suggestion, close all orders today before the closing of the platform. Do not allow an opening of 1.21 or 1.22 euro to destroy your mind, or conversely, that the same happens through an opening in 1.29 or 1.30.

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The spot rate is now testing the intermediate resistance of its medium term bullish channel at 1.5560 and seems to start a decline. However, a break through these levels will release good potential and reach the upper limit of this one to 1.5620.
Technical indicators do not provide clear signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.

According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.5560 with the 1st objective at 1.5620 and then at 1.5640. A break through 1.5540 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

[bhanu545]

The spot rate is currently testing the upper limit of its medium term bullish channel at 1.5750 and seems to initiate a decline. However, a break through these levels will release good potential and initiate a more violent bullish trend.

Technical indicators provide buy-signals but evolve in overbuy zone supporting the assumption of a decline. Bollinger bands are much discarded as a result of a strong increase these days. Stabilization is expected in a short term.

According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.5750 with the 1st objective at 1.5810 and then at 1.5830. A break through 1.5730 will invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012