Log in

Weekly EUR/USD analysis

By JohnLast 2818 days ago Comments (6)

EUR/USD is currently in a tight consolidation area between 1.3155 and 1.3310. The 1.3155 level is the support, and the 1.33 level is the resistance.

We can expect for the next week a heavy fundamental flow to force an increase of volatility in the pair as the Fiscal cliff deal is heading to House after Senate vote.

A daily close above 1.3310 would confirm the current medium uptrend. The pair is very likely to test the short term resistence level at 1.33. Any downards movement is expected to be capped at the level 1.3.

A daily close below 1.3 would negate the current upward momentum in the EURUSD.

Long term outlook: flat market with complex consolidation patterns

Medium term outlook: unconfirmed up trend with support levels 1.30 and 1.27

Short term outlook: up trend: support: 1.31 resistence: 1.3355

Comments

  • jaguar1637 2818 days ago

    Unbelievable.

    I was searching on the net for this kind specific EUR USD analysis, because of the Fiscal cliff in US

    The volatility is back on EURUSD, I can see right now some strong movments up and down.

     

  • JohnLast 2818 days ago

    You can see actually that the volatility has been in a downtrend. You can check the site.

     

     

  • jaguar1637 2818 days ago

    Yep

      There is just too much sudden market volatility on EUR USD for consistent gains in range trading. It's like GBP JPY !!! lol

    Usually you had won more than enough to cover the occasional bad series of trades but with countries over-leveraged with debt, chf and jpy bank interventions, Congress unable to compromise to get things done and who knows what else, I just couldnt make range trading consistently profitable through out the year on this pair. 

  • jaguar1637 2818 days ago

    Hi John

    I just download OpenCart, on my VPS, I am trying to create some good pages . I will see

    OK, if I remember, I was talking about Dimension of the correlation matrix and matrix embedded. I dunno how  to proceed. There were many good ideas in the thread "Optimizing trend trading". but how to put in place those ideas ?? this will be the new challenge for 2013 , I hope

  • jaguar1637 2818 days ago

    the winner is term of volatility is :  

    Formula : Variation = Average (Higher - Lower)

    Volatility calculated over the last  Weeks 
    Pair pips $ %
    EUR/USD 80.5 805.2 0.61
    GBP/USD 77.2 772.0 0.48
    USD/CHF 57.5 628.5 0.63
    USD/JPY 58.5 675.1 0.68
    EUR/GBP 40.7 660.8 0.50
    EUR/CHF 23.8 260.5 0.20
    EUR/JPY 107.1 1235.1 0.94
    GBP/CHF 79.4 868.0 0.53
    GBP/JPY 114.5 1320.7 0.81
    CHF/JPY 87.6 1011.2 0.93
    USD/CAD 44.8 451.8 0.45
    EUR/CAD 78.9 795.2 0.60
    GBP/CAD 83.5 842.1 0.52
    CAD/CHF 58.9 643.1 0.64
    CAD/JPY 75.4 870.4 0.87
    AUD/CAD 51.5 519.4 0.50
    AUD/USD 59.3 592.8 0.57
    EUR/AUD 78.0 810.5 0.61
    GBP/AUD 86.5 898.8 0.55
    AUD/CHF 64.4 703.2 0.68
    AUD/JPY 75.1 865.9 0.83
    EUR/NZD 121.3 1001.5 0.76
    NZD/USD 59.8 598.4 0.72
    GBP/NZD 142.1 1173.5 0.72
    NZD/CHF 60.7 663.5 0.80
    NZD/JPY 69.0 796.1 0.96
    AUD/NZD 64.0 528.5 0.51
    NZD/CAD 51.6 520.2 0.63
    USD/TRY 84.0 840.0 0.47
    EUR/TRY 147.5 1475.0 0.63
    USD/NOK 445.4 803.3 0.80
    EUR/NOK 387.1 698.0 0.53
    USD/CNY 38.3 382.6 0.06
    USD/BRL 126.3 1262.8 0.62
    USD/INR 42.4 423.8 0.77
    USD/PLN 316.1 1024.5 1.02
    USD/MXN 979.7 9796.8 0.76
    USD/EGP 281.7 2817.0 0.00
    USD/HUF 260.1 1181.1 1.18
    USD/HKD 6.6 8.6 0.01
    XAU/USD 1811.9 18118.8 1.08
    XAG/USD 69.8 697.5 2.31
     
     
     

     

  • JohnLast 2818 days ago

    "The pair is very likely to test the short term resistence level at 1.33."

    The test already happened this morning.