Pivot level at 1.5849 today. Open price at 1.5881, higest and lowest at 1.5892 and 1.5857 at this moment till 12.48pm (M’sia time). There is a valid bullish channel on hourly chart. Beware of ECB and Non-Farm Payroll news today that will release at 8.30pm (M’sia time) as same as unemployment rate.
11PIPS WITH ROKOKSALEM
BUY/LONG : 1.5869 ET/TP : 1.5880 SL: 50PIPS
Pivot level at 1.5760. Open at 1.5789 is slightly higer in a volatile trading today. The highest price till 9.37am (M’sia time) is 1.5816. News at 9.15am just now shows that ‘Euro supported by expected ECB rate rise’.
· R3 – 1.5939
· R2 – 1.5883
· R1 – 1.5836
· S1 – 1.5757
· S2 – 1.5677
· S3 – 1.5630
11PIPS WITH ROKOKSALEM
BUY/LONG : 1.5800 ET/TP : 1.5811 SL: 50PIPS
Pivot level at 1.5774. The Greenback recovered against Euro yesterday. Open at 1.5752, highest at 1.5768 and lowest price at 1.5727 till 1.52am ( M'sia time ).
11PIPS WITH ROKOKSALEM
BUY/LONG : 1.5794 ET/TP : 1.5805 SL: 50PIPS
Today pivot level at 1.5766. Open at 1.5779 and the higest price at 1.5798 till 12.53pm (M’sia time). There is still bullish pressure at EU but in week trend. EU still in over bought situation. Beware of technical rebounce. Two news will comes out together at 5.00pm ( M’sia) time.
· R3 – 1.5884
· R2 – 1.5837
· R1 – 1.5813
· S1 – 1.5742
· S2 – 1.5695
· S3 – 1.5671
11PIPS WITH ROKOKSALEM
SELL/SHORT : 1.5746 ET : 1.5735 SL: 50PIPS
Pivot level at 1.5717. EU will continue in bullish presssure. How ever don’t froget EU is now in ‘OVER BOUGHT’ situation. Please don’t forget the warning of a reversal/correctional downside movement.Open price at 1.5755 and the highest price till now at 10.48am (M’sia time) is 1.5766 still makes a side way.There are 7 news will comes out today, starting with ‘current account’ (20-30pips) at 4.00pm (M’sia time).
11PIPS WITH ROKOKSALEM
SELL/SHORT : 1.5697 ET : 1.5686 SL: 50PIPS
Today pivot level at 1.5560. The FOMC rate announcement will be at 2.15am (M’sia time). Although we do not expect the Fed to hike rates this soon, any newly founded Hawkishness might just be the catalyst for the Greenback to strengthen further. If the figures in the
11PIPS WITH ROKOKSALEM
BUY/LONG : 1.5580 ET : 1.5591 SL: 50PIPS
Pivot level at 1.5541. Bullish 60minute trend accompanied by bearish 1 hour indicators. Bullish trades can be look if the 1 Hour Stochastic crosses in a bullish direction. Open price at 1.5517, highest price at 1.5527 from now on ( 9.30am M’sia time ). Market still making a side way pattern and a bit slow as usual in the morning. Two news will comes out at 2.00pm and 2.45pm (M’sia time). We can see a new market pattern after the news.
11PIPS WITH ROKOKSALEM
BUY/LONG : 1.5561ET : 1.5572 SL: 50PIPS
Today pivot level at 1.5589. There’s bullish pressure on montly chart. Open price at 1.5622 and the highest till 10.25am ( M’sia time) is 1.5636. Market is making a sideway untill the news comes out. Two big news at 3.30pm ( M’sia time ) and folllow by 4 news at 4.00pm ( M’sia time ).
· R3 – 1.5847
· R2 – 1.5749
· R1 – 1.5698
· S1 – 1.5567
· S2 – 1.5429
· S3 – 1.5367
11PIPS WITH ROKOKSALEM
SELL/SHORT : 1.5616 ET : 1.5605 SL: 50PIPS
Pivot level at 1.5507. There is pressure bullish movement we can see at EU. Its tried to brake R1 yesterday at 1.5545. There is 1 major news at 10.30pm (M’sia) time today. Any positive news will makes bullish movement. My predictions, market will volatile untill the news comes out.
11PIPS WITH ROKOKSALEM
BUY / LONG : 1.5527 ET : 1.5538 SL: 50PIPS
EUR/USD - Bullish Trading Condition. The new bullish 60minute trend is still intact. We also have bullish 1 hour indicators and if price keep trending higher the 1 hour Stochastic will keep on opening to the upside. Remember that we have an overbought signal within a bullish probability which can be misleading.Weak US data yesterday coupled with high inflation data from the Eurozone has caused the Greenback to decrease in value even further. We have Germany's ZEW index later as well as US PPI which is another inflation figure and if it is worse than consensus we might see the Dollar decline even further. Bernanke's hopes of raising rates are quickly being disregarded.
11PIPS WITH ROKOKSALEM
SELL/SHORT : 1.5507 ET : 1.5496 SL: 50PIPS
It is likely to attempt nearer support at 1.5282 for extending further to below 1.5202 while below 1.5361 - 1.5422 area. Rise above 1.5462 would dampen this bearish expectation.
11PIPS WITH ROKOKSALEM
SELL.SHORT : 1.5361 ET : 1.5350 SL: 50PIPS
Yesterday the Euro recovered against US Dollar, but showing another weakness early today in Asian market. EURUSD remains short targeting which is also a key level. A failure to break down from that level could bring EURUSD opened to 1.5565, while a break downside could trigger movement toward 1.5437.
11PIPS WITH ROKOKSALEM
SELL/SHORT : 1.5440 ET : 1.5430 SL: 50PIPS
1,5414. EUR USD is in a range between 1,5400 and 1,5570. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H is in a bearish configuration. The price should find a support above 1,5360. The consolidation should continue.No trade for today.
11PIPS WITH ROKOKSALEM
SELL.SHORT : 1.5500 ET : 1.5499 SL: 50PIPS
Currently uptrend should end around 1.5915 - 1.5839 area. A correction down to below 1.5636 is expected. A rise above 1.5909 will abort the expected correction. The Greenback suffered huge losses against Euro on Friday. The weakness of US Dollar now can be seen on both fundamental and technical view. My model for EURUSD is long targeting 1.5850 area. However, CCI on hourly and 4 h chart is in overbought area. We also see a potential triple top formation on hourly and 4 h chart, suggesting a strong resistance level at 1.5815 area. Immediate support at 1.5725.
EURUSD Daily Supports and Resistances:
11PIPS WITH ROKOKSALEM
BUY/LONG : 1.5725 ET : 1.5736 SL: 50PIPS
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