EUR/USD Report

Short Term Analysis

4 Hour Timeframe

Commentary

  • Up-trending since October 1st after a bounce from 4 Hour Support Test
  • Created a Fibonacci trend with a 0.618  break zone

Expectations

  • Bullish action to continue towards 4 + 1 Hour + 15 Minute Resistance zone

1 Hour Timeframe

Commentary

  • Up-trending since October 1st with a short reprieve at 1.100 zone which also confluences with the 4 hour 0.618 Fibonacci break zone.

Expectations

  • Bullish action to continue towards 4 + 1 Hour + 15 Minute Resistance zone

15 Minute Timeframe

Commentary

  • Up-trending since October 1st with a short reprieve at 1.100 zone which also confluences with the 4 hour 0.618 Fibonacci break zone.

Expectations

  • Bullish action to continue towards 4 + 1 Hour + 15 Minute Resistance zone

Short Term Analysis Conclusion

Bullish action to continue towards 4 + 1 Hour + 15 Minute Resistance where it can be sold upon a bearish expectation on Fundamental Analysis.

The sell can then be held until the price reaches the 1 Hour + 15 Minute Support or Fundamental Analysis expectation looks bullish.

Long Term Analysis

Month Timeframe

Commentary

  • Down-trending since Feb 18 after stalling around Monthly Resistance
  • Created a Fibonacci trend with a 0.382  break zone

Expectations

  • Down-trend to continue towards Month + Week Support

Week Timeframe

Commentary

  • Down-trending since February 18 after stalling around Monthly Resistance
  • Small retracement at the 1.1400 zone

Expectations

  • Down-trend to continue towards Month + Week Support

Day Timeframe

Commentary

  • Price has broken through the down-trending Fibonacci
  • Bullish climb since touching Day Support on October 1st

Expectations

  • Bullish climb to continue towards Week + Day Resistance

Long Term Analysis Conclusion

Price to rise towards Week and Day Resistance where it can be sold upon a bearish expectation on Fundamental Analysis.

The sell can then be held until the price reaches the Day Support or Fundamental Analysis expectation looks bullish.