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EURUSD Analysis 2010-11-15


4XEagleEye Dashboard

Date: 15 Nov 2010 06:05:41 GMT Short Term Market Outlook

Forex Automation letsfx.com

The bias remains neutral in nearest term. A need for a clear break from the range area (1.3787 – 1.3563) so we can see clearer direction. Break below (1.3563) could trigger further bearish pressure targeting (1.3493) and keep the major bearish scenario remains strong while break above (1.3787) could trigger further bullish correction testing (1.3892).
We need to keep a closer look on how prices would behave on today`s trading session.


Summary

Direction

Moving Averages

Reversal Probability

Oscillator

Dark Cloud Cover Pattern

2010-11-15 06:00

1.3950
1.3892
1.3819
1.3777
1.3731
1.3638
1.3573
1.3533
1.3493
1.3453
MA Penetrated
15 Nov 2010 06:05:41 GMT
EURUSD has closed below 30 SMA. This reflects supply forces victory on short term technical outlook.
MACD Bearish Turning Point
15 Nov 2010 04:05:37 GMT
EURUSD MACD signal line has crossed below the indicator`s histogram while both of them, MACD and histogram, been greater than Zero. This is a probable bearish short term turning point.
MA Penetrated
15 Nov 2010 01:05:40 GMT
EURUSD has closed above 50 SMA. This should empower bullish short term technical outlook.

Hourly Alerts


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