12 Jan 2015
US data in the week ahead might pressurize EUR further - Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, believes that scheduled US data releases on Thursday on Friday might pressurize the EUR further, with its upside capped at 1.2000.
Key Quotes
“Last week EUR recorded a new low at 1.1754 and that was the fourth week in a row with a negative close. Weekly and Daily indicators are bearish, but the H4 ones show some signs of correction.”
“Today we do not have any important economic data and the market calmed down after the stormy beginning of the year. Now everybody is waiting for Greece's elections on 25th of January. until then EUR will remain under a continuous downside pressure and any recovery will be limited."
"Currently the Daily upside limit is the level 1.2000, followed by two weekly limits at 1.2045 and 1.2175.“
“EUR desperately needs a correction higher and we are too far from the negative Ichimoku cloud on Daily and weekly, so i do not expect any attempt even to reach these clouds.”
“EUR is consolidating and is waiting for the US data on Thursday and Friday, when it may become again under higher downside pressure.”
Key Quotes
“Last week EUR recorded a new low at 1.1754 and that was the fourth week in a row with a negative close. Weekly and Daily indicators are bearish, but the H4 ones show some signs of correction.”
“Today we do not have any important economic data and the market calmed down after the stormy beginning of the year. Now everybody is waiting for Greece's elections on 25th of January. until then EUR will remain under a continuous downside pressure and any recovery will be limited."
"Currently the Daily upside limit is the level 1.2000, followed by two weekly limits at 1.2045 and 1.2175.“
“EUR desperately needs a correction higher and we are too far from the negative Ichimoku cloud on Daily and weekly, so i do not expect any attempt even to reach these clouds.”
“EUR is consolidating and is waiting for the US data on Thursday and Friday, when it may become again under higher downside pressure.”