RobertPapon

RobertPapon

Last week brought weakening of the euro against the dollar, which was consistent with my assumptions, which I presented in the last daily reports. On Friday also they came to break the bottom of the nearly three-week trend side. Overcoming support at 1,0972-81 may suggest a further weakening of the euro against the dollar, towards the level of 1.0909 (at least...

RobertPapon

First target 50-51.60 Second target 56,50-57,50

RobertPapon

Important resistance zone 1,1100-30 . In my opinion, a good place to open short positions . The first objective 1.1029 . The second objective 1.0909

RobertPapon

In the past two weeks, the demand side has led to the abolition of the 50% decline from the 1.1427 level to 1.0909, posting high of 1.1186. Today (Tuesday) had to break the bottom of the local channel growth, which was launched in late June. The currency pair reached a strong resistance zone 1,1058-80, where there was profit. Fundamentals all the time is not...

RobertPapon

The technical situation on eurodolarze has not changed much from yesterday's session. Demand side all the time trying to correct previous declines, but from what we see upward movements are limited. The demand side was able to lead to the abolition of the 38.2% fibo recent decline from 1.1427 - 1.0909. Wednesday's breakout above 1.1111 may suggest that the...

RobertPapon

Fundamental analysis is not conducive at the moment increases (Brexit, independence of Scotland), but we can not rule them out. On the markets, the situation begins to stabilize and demand side is trying to take the initiative. At the moment the currency pair is oscillating in the zone of resistance 1,1058-80, which correspond to minima of 14 and 15 March....

RobertPapon

At the moment the currency pair is moving around the level of 1.1022, which is around 23.6% fibo abolition of inheritance from 1.1427 - 1.0909. Given the recent dramatic declines and no new minimum (during the Monday session), we can assume that the demand side begins to catch his breath. It may suggest the development of local correction toward resistance...

RobertPapon

Baseline scenario remains variant downward. In this case, the supply should lead to decreases in the direction of 1,1058-80 and 1.1015. Further support will be Friday's low of 1.0909 or even 1,0810-1,0825.

RobertPapon

Moving on to the analysis of the Eurodollar, we can assume that today's growth should continue in the coming hours. At 23:05 we met YouGov poll, which points to win supporters to remain in the EU (52% -48%). In my opinion, a wave of optimism and runoff further positive information, we should see increases in the resistance level at 1,1495-1,1530 (the upper limit...

RobertPapon Updated 

The technical situation on the Eurodollar market remained virtually unchanged, despite the volatility we have seen in recent days. Currency pair moves continuously in the vicinity of a strong zone 1,1300-30, which I think is crucial for further direction. Looking more broadly at the eurodollar market, we can see that the traffic growth, which was launched in...

RobertPapon

Fundamentals at the moment, supports the single currency, but keep in mind that the next polls can change the image on the Eurodollar market. From a technical point of view, the currency pair hovers just above the level of 1.1295, which last week was a strong resistance. If the demand side thoughts on further increases, the level should be defended. In this...

RobertPapon Updated 

A currency pair is currently just below the important resistance zone of 1,1295-1,1330 can be seen especially on the daily chart. On the impact of the Eurodollar they will certainly have another opinion polls, but from a technical point of view, to overcome the resistance to open the way towards the last peak at 1.1416. Bearing in mind the pressures associated...

RobertPapon

The situation on the eurodolarze changes as the proverbial kaleidoscope. Despite the break on Tuesday Zone support levels and reached a low of 1.1189, falls on the main currency pair not continued. On Wednesday we witnessed the execution of the alternative scenario, which assumed a return to the vicinity 1,1300-30 level. The demand side has received support in the...

RobertPapon

The currency pair has corrected some recent declines (1,1417-1,1235) and reached the level of 1.1303. Strong resistance remains the 1.1330 level (minima of 6 June). If the demand side will lead to a break in / at resistance will be open way toward 1.1376 and 1.1417. The signal for a stronger upward movement may be weaker data from the US. Otherwise, the supply...

RobertPapon

Movement of growth that occurred in the last two days we can qualify as a correction of the recent declines. Currency pair found support at 1.1129 while strong resistance level remains 1,1213-16. (For the record, let me add that these are minimums of 23 and 25 April. In addition, this level coincides with the 38.2% fibo increases from 0.8231 to 1.6038 level, which...

RobertPapon Updated 

The technical situation on the main currency pair has not changed. The preferred option remains further declines towards lower price levels. Until then we may be witnessing the development of movement correction toward resistance 1,1256-82. Support for this view may be better readings from Germany. It should however be noted that after adjustment, the supply...

RobertPapon

Currency pair after the recent declines and reaching the level of 1.1179 is currently in revision. Demand side should lead to increases in the vicinity of 1,1256-82 (the upper limit of the downward channel, and a minimum of 13 May, which coincides with the 23.6 fibo of 1.1617 drops to the level of 1.1179). For overcoming w / w resistance demand may even reach the...

RobertPapon

Formation of the wedge ending growth. Open position after breaking the lower limit.