Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

EUR/USD: Levels, Ranges, Targets

By Brian TwomeyForexMar 03, 2018 05:52PM ET
www.investing.com/analysis/eurusd-levels-ranges-targets-200295668
EUR/USD: Levels, Ranges, Targets
By Brian Twomey   |  Mar 03, 2018 05:52PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

The close at 1.2317 is located above the distribution from below at 1.2311 and 1.2311 last week was 1.2310 and 1.2307 in the prior week. The main break point at 1.2358 to travel higher remains a constant in the upcoming week and unchanged over the past 2 weeks.

The averages below are far too high and at peaks, while the daily view of averages from 5 to 253 days contains near perfect neutrality. Neutrality means a higher EUR/USD becomes overbought and lower results in oversold but overall movements will trade steady without dramatic spikes.

From 1.2311, extreme prices are located from 1.2828 to 1.1794. At 1.2829 and 1.2841 is located the 10 and 14 year averages followed by 1.2831, 1.2874, 1.2884 and 1.2892. The best price achievable upon a 1.2800 break is 1.2937 otherwise EUR is outside its normal ranges.

From the must break to head lower at 1.2160, extreme above is located at 1.2682 and informs how solid is 1.2800’s. Higher means breaks and sell points at 1.2358, 1.2414, 1.2506, 1.2539, 1.2665 and 1.2715.

At 1.2160, EUR/USD is well protected by 1.2172 and 1.2144 then the 5 year average at this week’s 1.1968 and down from 1.1971 last week and 1.1975 from 2 weeks ago.

Below 1.2160 then next comes 1.2080, 1.2072 and 1.2037. Below 1.2037 then the floodgates open to the extremes at 1.1794 and 1.1769.

In perspective to 1.2160, the mid point to below averages is located at 1.2088 and 1.2398 from the 5 and 10 year averages at 1.1968 and 1.2829. From 1.2160 to 1.2829, mid is found at 1.2494.

At 1.2160 informs the overall range is 174 pips which answers why the daily neutral reading. To further neutral, low and peak readings is the declaration to is the price off or the statistics, both or just right. Balance this assessment against a maximum 517 pip range in the below distribution of averages, 520 last week and 524 the week prior. EUR/USD’s progress as a trend is not only slow and will remain slow but its price overall is listless and subject to incoming data.

As EUR/USD maintains a negative 94% correlation to CAD/ZAR and as EUR/USD’s most opposite currency pair, CAD/ZAR at current 9.2515 must break above 9.6969 in order for EUR/USD to contain any chance to break 1.2160 and to declare a trend change overall in a higher USD. Not a hard task for wide ranging CAD/ZAR.

The aspect to CAD/ZAR most vital is to view it as the best USD indicator. Current CAD/ZAR from a daily perspective of averages reveals its price is extremely low with upside potential to inform EUR/USD still contains downside potential and sell rally strategy.

As an aside to EUR/RON, daily Correlations to EUR/USD run at current +97% and EUR/RON’s price maintains a reading just above neutrality. EUR/RON must break 4.6452 to travel far lower.

Following are averages 80 to 4904 days separated by roughly 200 day averages and dates to Jan 1999.

80 day = 1.2072
Special average = 1.2160
335 day = 1.1350
592 = 1.1239
847 = 1.1262
1102 = 1.1769
1279 = 5Y = 1.1968
1357 = 1.2037
1613 = 1.2172
1872 = 1.2414
2129 = 1.2539
2384 = 1.2665
2562 = 10Y = 1.2829
2640 = 1.2884
2894 = 1.2937
3150 = 1.2892
3409 = 1.2874
3589 = 14Y= 1.2841
3665 = 1.2831
3921 = 1.2715
4175 = 1.2506
4429 = 1.2302
4686 = 2144
4909 = 1.2080

Brian Twomey

EUR/USD: Levels, Ranges, Targets
 

Related Articles

Al Brooks
EUR/USD Turning Down By Al Brooks - Jun 18, 2021 1

– EUR/USD is turning down from a lower high major trend reversal on the weekly chart. It is also the right shoulder of a head-and-shoulders top. – Breakout below the May 5 low at...

EUR/USD: Levels, Ranges, Targets

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email