short

EURUSD The Euro ended Tuesday’s trading in red after breaking below 1.2795 support and posting fresh low at 1.2754, where weekly Ichimoku cloud base contained dips, just ahead of key 1.2750/44 support. Eventual push below the latter that also marks multi-month platform, is required to complete...

EURUSD The Euro trades in a consolidative mode, off fresh low at 1.2805, posted last Friday and ended Monday’s trading in a positive tone. Recovery rally is so far capped at 1.2880 zone, Fibonacci 38.2% of 1.3016/1.2805 descend / hourly linear regression channel upper line. Hourly studies are...

EURUSD The Euro fell further on Friday and ended week just above strong support at 1.2795, 17/05 low, losing 1.78% for the week. Negative tone keeps the price pressured for full retracement of 1.2795/1.3414 upleg, as the price broke below bull-trendline, connecting 1.2744/1.2795 lows. Scope is...

EURUSD The Euro consolidates recent losses, trading above 1.2980, daily cloud top, where basing attempt is becoming evident. Bounce above 1.3000 that retraced over 61.8% of last Friday’s sharp fall from 1.3102 to 1.2990, improves hourly structure, however, the price remains within the...

EUR/USD The Euro remains in a free fall that commenced on yesterday’s repeated rejection at 1.3414 and accelerated post Fed. Losses were interrupted by overnight’s 1.320601.3300 correction, with fresh weakness under way and looking for test of 1.3200 and 1.3176 higher platform / Fib 38.2% of...

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EUR/USD The Euro trades in a near-term consolidative mode, with price action moving in a triangular-shape consolidation. Hourly studies are negatively aligned and keep the downside risk towards triangle support at 1.33 zone, also Fib 38.2% of 1.3176/1.3389 upleg. Break here would signal further...

EUR/USD The Euro continues to trend higher and hits levels close to 1.3400 barrier, on fresh acceleration at European opening. Bulls remain unobstructed and clearance of the latter to open next target and double Fibonacci level at 1.3482/88, 76.4% retracement of 1.3710/1.2744 descend and 138.2%...

EUR/USD The Euro remains firm, following completion of near-term consolidative phase and fresh rally through previous peak at 1.3305 and 25 Feb high at 1.3317. Fresh bulls are looking for test of 1.3341, Fib 61.8% of larger 1.3710/1.2744 descend, next upside target and psychological 1.3400...

EUR/USD The Euro remains under pressure, as today’s gap-lower opening triggers fresh weakness that cracked initial supports of 55 day EMA and Fib 38.2% of 1.3052/1.3305 at 1.3180. Negative hourlies favor further downside, with the next support seen at 1.3150, 50% retracement. From the other...

EUR/USD The Euro picks up the pace at the beginning of European session and breaks above two-day congestion under 1.3100 barrier. Prevailing positive tone keeps the upside potential for full retracement of 1.3241/1.2795 descend in play, with interim barriers standing at 1.3136, Fib 76.4%...

EUR/USD The Euro holds positive near-term tone, following yesterday’s rally that probed levels above 1.3100 barrier. Corrective easing on overbought hourlies, was so far contained by 20 day EMA and the previous top at 1.3050, however, south-heading hourly indicators do not rule out further...

EUR/USD The Euro regained 1.3030 level during the Asian session, following weekly close below 200day MA and psychological 1.3000 support. Hourly indicators moved above the midlines, with positive 4h structure being supportive for further gains. Clearance of last Friday’s high at 1.3060, is...

EUR/USD The Euro maintains positive near-term tone while holding above 1.2900 higher platform, where 55 day EMA keeps the downside protected in the near-term. With 4h indicators being in the positive territory, scope exists for possible fresh attempt at strong barrier and near-term tops at...

EUR/USD The Euro bounced off yesterday’s fresh low at 1.2795 and regained psychological 1.2900 barrier, sidelining immediate downside risk. This would open way for stronger corrective action, as near-term structure turned positive, with clearance of 1.2911, Fib 50% of 1.3027/1.2795 descend...

EUR/USD The single currency remains under pressure, as last Friday’s fall dipped briefly below 1.2800 handle. Subsequent bounce still stays capped at initial 1.2850 barrier, previous lower base and 55 day EMA. With hourly studies heading higher and 4h studies being overextended, further...

BUY Jindal Steel -and- Power Ltd. Short Term Target 328 Stop Loss 294 Last Traded at 308.65 BUY Muthoot Finance Ltd. Short Term Target 190 Stop Loss 149 Last Traded at 155.45 BUY Adani Power Ltd. Short Term Target 60 Stop Loss 45 Last Traded at 49.05 SELL United Spirits Ltd. Short...

EUR/USD The remains in near-term consolidative mode, as 1.2934 proved to be solid support after being retested and holding for now, with brief attempt above 1.3000 barrier, signaling possible corrective action. Improved hourly studies support the notion, however, sustained break above 1.3000...

EUR/USD The Euro traded in consolidative mode during the Asian session, moving within narrow range and above last Friday’s fresh low at 1.2934 that marks Fib 61.8% of 1.2744/1.3241 recovery rally. The downside pressure persists, as the pair dented 200 day MA and near-term range floor at 1.2950...

EUR/USD The Euro holds positive near-term tone after yesterday’s rally above hourly triangle resistance that peaked at 1.3192. Corrective easing has so far been contained by 20 day EMA at 1.3150 zone, near Fib 38.2% of 1.3070/1.3192 upleg. Indicators on 1 and 4h charts are in the positive...