| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?

FxWirePro: EUR/AUD trends higher, but faces potential pitfalls

Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100

FxWirePro- Major European Indices

FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop

FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias

Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance

FxWirePro: NZD/USD downside pressure builds, key support level in focus

FxWirePro: USD/CNY outlook weaker on renewed downside pressure

FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects

FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments

CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

FxWirePro- Major Pair levels and bias summary

FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level

NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00

EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15

©Econometrics LLC . All Rights Reserved.

FxWirePro: EUR/USD Trade Idea

Monday, January 7, 2019 11:35 AM UTC

EURUSD has once again recovered after showing a minor dip till 1.13450. US Non farm payoll came better than expected on Friday. US economy has added 31300 jobs in the month of Dec compared to forecast of 182000 and unemployment rate is at 3.9% increased from 3.7%. The increased optimism in US and China trade talks and dovish Fed is putting pressure on US dollar. It hits intraday high of 1.14300 and is currently trading around 1.14350.

On the higher side, near term resistance is around 1.1450 and any break above targets 1.1475/1.1500. Any bullishness can happen only above 1.1500 level.

The near term major support is around 1.1300 and any violation below will drag the pair to next level till 1.12670/1.12180. Major trend reversal can happen only below 1.1200 level.

It is good to buy on dips around 1.1355-58 with SL around 1.1300 for the TP of 1.1500.

Resistance

R1- 1.1450

R2 - 1.1500

R3- 1.1550

Support

S1- 1.1345

S2- 1.1300

S3- 1.12670

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

FxWirePro- Major Crypto levels and bias summary

ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?

MEXC Bolsters Trust with Over 100% Reserves in December PoR Report

Taiwan Political Standoff Deepens as President Lai Urges Parliament to Withdraw Disputed Laws

FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments

FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias

Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push

Trump Weighs Reclassifying Marijuana as Schedule III, Potentially Transforming U.S. Cannabis Industry

FxWirePro: EUR/AUD trends higher, but faces potential pitfalls

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

FxWirePro: EUR/USD Trade Idea

Editor's Picks

Welcome to EconoTimes