Forex News by www.ForexSQ.com - page 4

 
 
 

forexSQ.com - EURO Allow for a slide back to 1.3500/1.3346 Vs U.S Dollar

The Euro has rallied steadily during the last two weeks, to reach levels right below the 61.8 retracement of the November-January downtrend, at 1.3739, where, according to Karen Jones, technical analyst at Commerzbank, some profit-taking is expected...Full Story at:

EURO Allow for a slide back to 1.3500/1.3346 Vs U.S Dollar | Forex | currency trading | Forex News | ForexSQ.com | Forex broker

 

ForexSQ.com - Euro Daily Technical Analysis - Jan.28

EURUSD made another indecisive movement yesterday. There are no changes in my daily technical outlook. I am still in bullish mode and just keep waiting for a minor bearish correction around 1.3625 - 1.3550 support area to go long with nearest target remains around 1.3800...Full Story at:

Euro Daily Technical Analysis - Jan.28 | Forex | currency trading | Forex News | ForexSQ.com | Forex broker

 
 

ForexSQ.com - Forex Daily Market Outlook - Feb .1

EURUSD

Regained strength after the sharp reversal, following an upside rejection at 1.3757, found support at 1.3570. The latest fall has nearly been fully retraced, though clear break above 1.3757 to confirm. Immediate target lies at 1.3784, ahead of 1.3838, 76.4% retracement of 1.4280/1.2872 down move. Longer-term descending trendline, connecting 1.5144 and 1.4280 peaks and currently standing at 1.4044, is seen as key short-term resistance. Downside, 1.3570/39 area offers initial support, and expected to contain dips, to keep immediate bulls in play, otherwise, further losses into 1.34 zone would be likely scenario..Full Forex News at :

Forex Daily Market Outlook - Feb .1 | Forex | currency trading | Forex News | ForexSQ.com | Forex broker

 

ForexSQ.com - Forex : ADP Non-Farm Employment Change today- Feb.2

Today US ADP Non-Farm Employment Change is the major event on calendar . Here is an outlook on the market movers awaiting us.

In the US, ADP Non-Farm Employment Change measuring the estimated change in the number of employed people during the previous month, excluding the farming industry and government grew more than expected with 297,000 additional jobs while analysts expected 101,000 rise. A lower figure of 148,000 is expected now..Full Forex News at :

Forex : ADP Non-Farm Employment Change today- Feb.2 | Forex | currency trading | Forex News | ForexSQ.com | Forex broker

 

forexSQ.com - Nonfarm Payrolls Preview - Feb.4

While we are seeing improvements in most sectors of the US economy, the labour market has reacted with extreme sluggishness to the pick-up in activity. The unemployment rate still hovers around 9.5 percent and the monthly gains in employment are still only just about enough to keep unemployment steady. We do look for an improvement in January compared to the disappointment of December, when only 103K new net payrolls were added. Today we aim higher and look for 150K increase in overall payrolls, resulting in a slight uptick in the unemployment rate of 0.5 percent, from 9.4 percent a month ago ..See full Forex News at :

Nonfarm Payrolls Preview - Feb.4 - ForexSQ | Forex | currency trading | Forex News | ForexSQ.com | Forex broker

 

ForexSQ.com - EUR/USD shooting star Candlesticks on daily chart - Feb.7

The single currency resumed recent rise from 1.2860 to as high as 1.3862 last week, the subsequent retreat from there and the daily close below the flat ground Ichimoku cloud top suggest top has been formed there and consolidation with mild downside bias is seen for at least a correction of the rise from 1.2860 to 1.3500 and possibly to 1.3479 (confluence point of 61.8% Fibonacci retracement of 1.3243 to 1.3862 and 38.2% Fibonacci retracement of 1.2860 to 1.3862) and possibly test of the Kijun-Sen (now at 1.3368), however, downside should be limited to 1.3243 (previous support and also 61.8% Fibonacci retracement of 1.2860 to 1.3862) and the Ichimoku cloud bottom (now at 1.3209) should hold...Full Forex News at:

Forex : EUR/USD shooting star Candlesticks on daily chart - Feb.7 | Forex | currency trading | Forex News | ForexSQ.com | Forex broker

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ForexSQ.com - EUR/USD Daily Outlook - Feb.8

EurUsd Yesterday's bearish mood saw EURUSD slip through 1.3540 (24 Jan low) support and briefly dip below the 100-day moving average (currently 1.3532). Nevertheless, rather than starting an avalanche of selling, the pair found good bids at 1.3510 (50% fibonacci retracement of 1.5145 to 1.1876) which has allowed it to rebound back to roughly the same levels we saw this time yesterday morning (1.3620). In spite of this bounce, we still believe that further liquidation of speculative longs may play out before a resumption of the broader uptrend continues. For now, next supports are 1.3510 (aforementioned fibonacci retracement), 1.3397 (20 Jan low), and 1.3245 (17 Jan low)...Full Forex News at :

http://www.forexsq.com/eur-to-usd/eu...outlook-feb-8/

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