EUR/USD Technical View Point

EUR/USD: Pair hold a strong trend line and is above 1.4900.

Next target if the pair moves above 1.4968 Fib level will be 1.5053.

A move below 1.4829 will open doors for 1.4715 (trend line).


Technical picture is still bullish.
Support at 1.4885
Trend line at 1.4900

EUR/USD Latest development

EUR/USD broke the trend line on a H4 chart. Dollar might see a day or two of straightening. This can be a correction as the trend is Bearish for Dollar.

Thought:
If EUR/USD on H2 and then on H4 chart have Moving averages (EMA 10 with 90) crossover then we might see a dip towards 1.4720. Dollar might see a day or two of straightening. This can be a correction as the trend is Bearish for Dollar.

EUR/USD

The pair moved above 1.4900 and found resistance at 1.4915/17 Level. There is a support around 1.4858 level.

1.4915 can also be considered a C.

Opening Price: 1.4887

See Chart

USD/JPY See chart

Pair broke a key level at 90.50 and managed to stay above it.

See chart

AUD/USD See Chart

See Chart H4

USD/JPY has a lot of room for upside but!!

USD/JPY
Even the dollar lost its early gains against Yen the pair only retraced and came down to test some levels and since then it is holding a key level.

The pair has a lot of room towards upside but its is in a bearish trend. Any break below 50.0 retracment level (This level comes after the pair broke the inner bearish trend line).

The pair is still bearish but has a lot of room till the First long term resistance level that comes around 94.50.

See Chart H4

EUR/USD H4Technical Picture

See the H4 chat

EUR/USD New Development

The pair is developing a Twizzer top on a weekly chart.

EUR/USD

EUR/USD is again attracting Bulls to score one more time. The target is around 1.4874.
Daily chart shows bulls in control. Weekly chart: Beginning of the week showed the impression of an evening star but latest developments have shown that the bulls are still in control.

See Daily Chart.