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Igal Stophner
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SignalTrader.com - EUR/USD Daily Technical Outlook - Apr 28, 2011

Technical Overview:

EUR/USD set a fresh 5-month high earlier today after the historical press conference of the FOMC yesterday.

From the fundamental point of view we think that the weakness of the USD is about to end. From the technical point of view we can see that the pair is way overbought.

On the Daily chart, the pair successfully reached the top band of the upward channel at 1.4883 before retreating 40 pips to its…
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Posted on April 28, 2011 at 8:22am

SignalTrader.com - EUR/USD Daily Technical Outlook - Apr 26, 2011

Technical Overview:

After setting a new 4-month high on last Thursday, EUR/USD price is moving between 1.45 and 1.46.

The medium term technical outlook is bullish. The short term technical picture is mixed.



On the Daily chart, the pair successfully returned into the upward channel and the moving averages are still arranged in a bullish structure.



On the Hourly chart the pair is hovering around the blue band,…
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Posted on April 26, 2011 at 6:44am

SignalTrader.com - EUR/USD Daily Technical Outlook - Apr 20, 2011

Technical Overview:

In the last 2 days, EUR/USD tumbled more than 300 pips just to recover more than half of the loss, gaining more than 200 from the bottom. This technical behavior may signal one of the two: either the bearish short term momentum was a clear first sign of a medium term trend reversal or it was a psychological selloff, providing a good opportunity to go long. Should it is real – then the current rebound of the pair is…
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Posted on April 20, 2011 at 4:56am

SignalTrader.com - EUR/USD Daily Technical Outlook, Apr 18, 2011

Technical Overview:

EUR/USD started the week with a massive selloff, pushing its price toward the significant support at 1.435, which held the bearish momentum for now. On the daily chart - the pair continues to move between the bands of the upward channel. The bulls came, once again, at the lower band of the channel, pushing the pair price a bit up toward 1.438.

The RSI indicator is no longer at overbought levels.

On the…
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Posted on April 18, 2011 at 6:42am

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