EUR/USD:
Daily chart: likely bearish:
1. The price curve penetrates the middle band indicator Bollinger Bands with a long bearish bars and the location of the point of Parabolic SAR indicator (Parabolic Stop And Reverse) moved to the top of the bar candlestick, indicating that bearish sentiment is quite strong.
2. Curve RSI indicator moves below the center line (level 50.0).
3. Outline histogram ADX indicator red color change that indicates dominant bearish.
Weekly pivot level: 1.0903
Resistance: 1.0925; 1.1000; 1.1042; 1.1097; 1.1133; 1.1208 (61.8% Fibonacci retracement-1); 1.1295 (23.6% Fibonacci retracement level-2); 1.1383; 1.1435; 1.1533; 1.1620; 1.1753; 1.1810 (38.2% Fibonacci retracement level-2); 1.1875.
Support: 1.0820; 1.0760; 1.0680; 1.0600; 1.0565; 1.0500; 1.0334; 1.0206; 1.0070 (76.4% Fibonacci retracement-1); 1.0000.
Indicators: simple moving average (SMA) 200; Parabolic SAR (0:02, 0.2); Bollinger Bands (20.2); MACD (12,26,9); OSMA; RSI (14); ADX (14)
Critical levels EUR / USD: 1.2000; 1.1875: 1.1753: 1.1700; 1.1620; 1.1540; 1.1500; 1.1460; 1.1373; 1.1313; 1.1290; 1.1200; 1.1113: 1.1050; 1.1000; 1.0910; 1.0860; 1.0760: 1.0500; 1.0208; 1.0170.
Fibonacci retracement (1):
Point swing low: 0.8225 (lowest price October 26, 2000)
Swing high point: 1.6037 (highest price July 15, 2008)
Fibonacci retracement (2):
Swing high point: 1.3992 (highs May 8, 2015)
Point swing low: 1.0461 (lowest price of March 13, 2015)
Fibonacci fan:
Swing high point: 1.3410 (highest price August 15, 2014)
Point swing low: 1.2499 (lowest price October 3, 2014)
Important fundamental data this week is the US Non-Farm Payrolls, the minutes of the FOMC meeting, the CPI Flash Estimate Eurozone, German CPI, the US ISM Manufacturing PMI and US Jobless Claims.
Daily chart: likely bearish:1. The price curve penetrates the middle band indicator Bollinger Bands with a long bearish bars and the location of the point of Parabolic SAR indicator (Parabolic Stop And Reverse) moved to the top of the bar candlestick, indicating that bearish sentiment is quite strong.
2. Curve RSI indicator moves below the center line (level 50.0).
3. Outline histogram ADX indicator red color change that indicates dominant bearish.
Weekly pivot level: 1.0903
Resistance: 1.0925; 1.1000; 1.1042; 1.1097; 1.1133; 1.1208 (61.8% Fibonacci retracement-1); 1.1295 (23.6% Fibonacci retracement level-2); 1.1383; 1.1435; 1.1533; 1.1620; 1.1753; 1.1810 (38.2% Fibonacci retracement level-2); 1.1875.
Support: 1.0820; 1.0760; 1.0680; 1.0600; 1.0565; 1.0500; 1.0334; 1.0206; 1.0070 (76.4% Fibonacci retracement-1); 1.0000.
Indicators: simple moving average (SMA) 200; Parabolic SAR (0:02, 0.2); Bollinger Bands (20.2); MACD (12,26,9); OSMA; RSI (14); ADX (14)
Critical levels EUR / USD: 1.2000; 1.1875: 1.1753: 1.1700; 1.1620; 1.1540; 1.1500; 1.1460; 1.1373; 1.1313; 1.1290; 1.1200; 1.1113: 1.1050; 1.1000; 1.0910; 1.0860; 1.0760: 1.0500; 1.0208; 1.0170.
Fibonacci retracement (1):
Point swing low: 0.8225 (lowest price October 26, 2000)
Swing high point: 1.6037 (highest price July 15, 2008)
Fibonacci retracement (2):
Swing high point: 1.3992 (highs May 8, 2015)
Point swing low: 1.0461 (lowest price of March 13, 2015)
Fibonacci fan:
Swing high point: 1.3410 (highest price August 15, 2014)
Point swing low: 1.2499 (lowest price October 3, 2014)
Important fundamental data this week is the US Non-Farm Payrolls, the minutes of the FOMC meeting, the CPI Flash Estimate Eurozone, German CPI, the US ISM Manufacturing PMI and US Jobless Claims.
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