Euro

Morning Report

Yesterday's massive decline proved the efficiency of the negative divergences on Stochastic and OsMA that was caught during the previous sessions as seen on the provided daily graph. Over four-hour time scale, we can see the double top pattern that supports resuming the bearishness over intraday basis. A break below SMA 100 will accelerate the downside actions; whilst above 1.3490 will threat the bearish outlook. Technical objectives reside at 1.3200 followed by 1.3110 areas.

The trading range for today is among key support at 1.3110 and key resistance at 1.3625.

The general trend over short term basis is to the downside targeting 1.1865 as far as areas of 1.3550 remain intact.

Previous Report

Weekly Report 

• Gold Pressured By Bearish Outside Markets   (2016-11-01 03:50:56)
• Trend Down Under at 1360.00 and 1347.00 1332.00 targets 1370.00 as long as they do not violate   (2016-07-12 17:27:51)
• Direction: neutral   (2016-07-01 16:54:07)
• Direction: neutral   (2016-06-30 15:17:32)
• Direction: Bullish above 1303.00, targeting 1365.00 and 1400.00 as long as the price trading above 1290.00   (2016-06-30 05:32:18)
• Direction: Bullish above 1317.00, targeting 1365.00 and 1400.00 as long as the price trading above 1290.00   (2016-06-28 05:40:46)
• Direction: Bullish above 1303.00, targeting 1365.00 and 1400.00 as long as the price trading above 1280.00   (2016-06-24 20:25:31)
• Direction: Bearish below 1263.00, targeting 1250.00 and 1239.00 as long as the price trading below 1282.00   (2016-06-23 19:20:37)
• Direction: Bearish below 1262.00, targeting 1252.00 and 1240.00 as long as the price trading below 1280.00   (2016-06-22 14:56:10)
• Direction: neutral   (2016-06-20 20:28:46)