Everest Markets Daily Technical Strategies (Major pairs)

[DavidWarren]

EUR/USD intraday: supported by a rising trend line.

Pivot: 1.3160.

Our preference: LONG positions above 1.316 with 1.325 & 1.33 in sight.

Alternative scenario: The downside penetration of 1.316 will call for a slide towards 1.31 & 1.3065.

Comment: the break above 1.316 is a positive signal that has opened a path to 1.325.

 

[DavidWarren]

EUR/USD intraday: bullish bias above 1.325

Pivot: 1.3250.

Our preference: LONG positions above 1.325 with 1.33 & 1.337 as next targets.

Alternative scenario: The downside penetration of 1.325 will call for 1.321 & 1.3175.

Comment: the upside breakout of 1.325 maintains a bullish bias while the pair is trading in a Broadening Formation.

 

[DavidWarren]

July 30 2013

EUR/USD intraday: under pressure.

Pivot: 1.3300.

Our preference: SHORT positions @ 1.329 with 1.3235 & 1.321 in sight.

Alternative scenario: The upside penetration of 1.33 will call for 1.3335 & 1.337.

Comment: the pair remains under pressure and is challenging its support.

 

[DavidWarren]

July 31 2013

EUR/USD intraday: under pressure.

Pivot: 1.3300.

Our preference: SHORT positions @ 1.3285 with 1.3235 & 1.321 as next targets.

Alternative scenario: The upside breakout of 1.33 will open the way to 1.3335 & 1.337.

Comment: the pair stands below its strong resistance and remains under pressure.

 

[DavidWarren]

August 5 2013

EUR/USD intraday: the bias remains bullish

Pivot: 1.3230.

Our preference: LONG positions above 1.323 with 1.33 & 1.3345 as next targets.

Alternative scenario: The downside penetration of 1.323 will call for a slide towards 1.3195 & 1.3175.

Comment: the pair stands above its new support and remains on the upside.

 

[DavidWarren]

August 6, 2013

EUR/USD intraday: bullish bias above 1.323

Pivot: 1.3230.

Our preference: LONG positions above 1.323 with 1.33 & 1.3345 in sight.

Alternative scenario: The downside breakout of 1.323 will open the way to 1.3195 & 1.3175.

Comment: the pair stands above its new support, the RSI is reversing up.


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[DavidWarren]

August 7, 2013

EUR/USD intraday: bullish bias above 1.3265

Pivot: 1.3265.

Our preference: LONG positions above 1.3265 with targets @ 1.3345 & 1.338.

Alternative scenario: The downside penetration of 1.3265 will call for a slide towards 1.323 & 1.3195.

Comment: the pair remains on the upside and is approaching its strong resistance.


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[DavidWarren]

Thursday August 8, 2013

EUR/USD intraday: the bias remains bullish.

Pivot: 1.3290.

Our preference: LONG positions above 1.329 with targets @ 1.3345 & 1.338.

Alternative scenario: The downside breakout of 1.329 will open the way to 1.3265 & 1.323.

Comment: the pair remains on the upside and is challenging its previous high.

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[DavidWarren]

12 August 2013

EUR/USD intraday: under pressure.

Pivot: 1.3365.

Our preference: SHORT positions @ 1.3355 with 1.329 & 1.326 in sight.

Alternative scenario: The upside breakout of 1.3365 will open the way to 1.339 & 1.3415.

Comment: the pair has broken below a rising trend line and remains under pressure

 

[DavidWarren]

Tuesday, 13 August 2013

EUR/USD intraday: under pressure.
Pivot: 1.3345.

Our preference: SHORT positions @ 1.3335 with targets @ 1.326 & 1.3225.

Alternative scenario: The upside penetration of 1.3345 will call for 1.3365 & 1.339.

Comment: the pair has broken below a rising trend line and remains under pressure.

 

[DavidWarren]

Wednesday, 14 August 2013

EUR/USD intraday: the downside prevails.

Pivot: 1.3285.

Our preference: SHORT positions @ 1.327 with targets @ 1.3225 & 1.319.

Alternative scenario: The upside penetration of 1.3285 will call for a rebound towards 1.3315 & 1.3345.

Comment: the pair stands below its resistance and should face further weakness as the RSI is badly directed.

 

[DavidWarren]

Monday, August 19, 2013


EUR/USD intraday: key ST resistance at 1.3365
Pivot: 1.3365.

Our preference: SHORT positions @ 1.335 with 1.3305 & 1.327 as next targets.

Alternative scenario: The upside penetration of 1.3365 will call for a rebound towards 1.338 & 1.34.

Comment: the pair is rebounding on its support but should be capped by its next resistance.

 

[DavidWarren]

Tuesday, August 20, 2013

Everest Markets Daily Technical Reviews

EUR/USD intraday: key ST resistance at 1.3365

Pivot: 1.3365.

Our preference: SHORT positions below 1.3365 with 1.3305 & 1.327 in sight.

Alternative scenario: The upside penetration of 1.3365 will call for a rebound towards 1.338 & 1.34.

Comment: the pair is rebounding but stands below its resistance.

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[DavidWarren]

Wednesday, August 21, 2013

Everest Markets Daily Technical Strategies Reviews

EUR/USD intraday: the upside prevails.

Pivot: 1.3365.

Our preference: LONG positions @ 1.338 with targets @ 1.345 & 1.349.

Alternative scenario: The downside breakout of 1.3365 will open the way to 1.3305 & 1.327.

Comment: the pair has broken above its resistance and remains on the upside.

 

[DavidWarren]

Wednesday, August 28, 2013

EUR/USD intraday: the upside prevails.

Pivot: 1.3330.

Our preference: LONG positions above 1.333 with targets @ 1.341 & 1.345.

Alternative scenario: The downside penetration of 1.333 will call for a slide towards 1.3295 & 1.327.

Comment: the pair is facing a pull back ahead of further advance.

 

[DavidWarren]

Thursday, August 29, 2013

EUR/USD intraday: the downside prevails.

Pivot: 1.3360.

Our preference: SHORT positions below 1.336 with 1.3295 & 1.327 as next targets.

Alternative scenario: The upside penetration of 1.336 will call for a rebound towards 1.3375 & 1.341.

Comment: the pair stands below its resistance and remains under pressure, the RSI is badly directed.

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[DavidWarren]

Friday, August 30, 2013

EUR/USD intraday: the downside prevails.

Pivot: 1.3280.

Our preference: SHORT positions below 1.328 with targets @ 1.321 & 1.3185.

Alternative scenario: The upside penetration of 1.328 will call for a rebound towards 1.3305 & 1.334.

Comment: the pair is posting a rebound but stands below its resistance.

 

[DavidWarren]

Monday, September 2, 2013

Everest Markets Daily EUR/USD Pair Review

EUR/USD intraday: the downside prevails.

Pivot: 1.3225.

Our preference: SHORT positions below 1.3225 with 1.316 & 1.312 in sight.

Alternative scenario: The upside breakout of 1.3225 will open the way to 1.3255 & 1.328.

Comment: the pair is posting a rebound but stands below its resistance.

 

[DavidWarren]

Thursday, September 5, 2013

Everest Markets Daily EUR/USD Pair Review

EUR/USD intraday: under pressure.

Pivot: 1.3225.

Our preference: SHORT positions below 1.3225 with 1.3155 & 1.3135 as next targets.

Alternative scenario: The upside breakout of 1.3225 will open the way to 1.3255 & 1.3295.

Comment: the pair has broken below its support and remains under pressure.

 

[DavidWarren]

Monday, September 9, 2013

Everest Markets Daily EUR/USD Pair Review

EUR/USD intraday: the upside prevails.

Pivot: 1.3135.

Our preference: LONG positions @ 1.315 with 1.3195 & 1.3225 as next targets.

Alternative scenario: The downside penetration of 1.3135 will call for 1.3105 & 1.3085.

Comment: the pair stands above its new support and remains on the upside.


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