{"id":20975,"date":"2011-05-06T00:52:44","date_gmt":"2011-05-06T04:52:44","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20975"},"modified":"2011-05-06T00:52:44","modified_gmt":"2011-05-06T04:52:44","slug":"eurusd-technical-analysis-may06","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/05\/06\/eurusd-technical-analysis-may06\/","title":{"rendered":"EUR\/USD Technical Analysis &#8211; May\/06"},"content":{"rendered":"<p><strong>EUR\/USD<\/strong><\/p>\n<table class=\"contentpaneopen\" style=\"border-collapse: separate; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px;\">\n<tr>\n<td style=\"font-weight: normal; padding-bottom: 0px !important;\" valign=\"top\">\n<p style=\"vertical-align: baseline; font-size: 12px; outline-width: 0px; outline-style: initial; outline-color: initial; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px; border: 0px none initial;\">EURUSD broke support and going down side toward 50. % (1.4548), 61.8% (1.4455) of 1.4156 to 1.4939. EURUSD broke consolidation on down side, now retracement possible toward 1.4750-1.4773 area as broke wedge formation on 1 hour chart. EURUSD break of 1.4507 supports next will be 1.4455-1.4409 area on intraday. In EURUSD strong resistance is at 1.4845, if break of this resistance further going up side toward 1.5065 next target. EURUSD reversed 78.6% (1.2984) extension 127.2% (1.4750), 161.8% (1.5350) of 1.4288 to 1.2579 still in progress on daily chart.<\/p>\n<p style=\"vertical-align: baseline; font-size: 12px; outline-width: 0px; outline-style: initial; outline-color: initial; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px; border: 0px none initial;\"><strong style=\"vertical-align: baseline; font-size: 12px; outline-width: 0px; outline-style: initial; outline-color: initial; padding: 0px; margin: 0px; border: 0px none initial;\">New High<\/strong>:&nbsp; 1.4719, 1.4913, 1.4734.<\/p>\n<p style=\"vertical-align: baseline; font-size: 12px; outline-width: 0px; outline-style: initial; outline-color: initial; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px; border: 0px none initial;\"><strong style=\"vertical-align: baseline; font-size: 12px; outline-width: 0px; outline-style: initial; outline-color: initial; padding: 0px; margin: 0px; border: 0px none initial;\">New Low<\/strong>:&nbsp; 1.4331, 1.4525, 1.4346.<\/p>\n<p><strong style=\"vertical-align: baseline; font-size: 12px; outline-width: 0px; outline-style: initial; outline-color: initial; padding: 0px; margin: 0px; border: 0px none initial;\">Pivot Point<\/strong>: R3-1.5037, R2-1.4889, R1-1.4797, PP-1.4649, S1-1.4500, S2-1.4409, S3-1.4260.<\/p>\n<p style=\"vertical-align: baseline; font-size: 12px; outline-width: 0px; outline-style: initial; outline-color: initial; margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px; border: 0px none initial;\">&nbsp;<\/p>\n<table style=\"border-collapse: separate; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; width: 128px;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tr style=\"height: 15pt;\" height=\"20\">\n<td style=\"font-weight: normal; padding-bottom: 0px !important; height: 15pt; width: 48pt;\" width=\"64\" height=\"20\"><strong style=\"vertical-align: baseline; font-size: 12px; outline-width: 0px; outline-style: initial; outline-color: initial; padding: 0px; margin: 0px; border: 0px none initial;\">Latest<\/strong><\/td>\n<td style=\"font-weight: normal; padding-bottom: 0px !important; width: 48pt;\" width=\"64\"><strong style=\"vertical-align: baseline; font-size: 12px; outline-width: 0px; outline-style: initial; outline-color: initial; padding: 0px; margin: 0px; border: 0px none initial;\">EURUSD<\/strong><\/td>\n<\/tr>\n<tr style=\"height: 15pt;\" height=\"20\">\n<td style=\"font-weight: normal; padding-bottom: 0px !important; height: 15pt; width: 48pt;\" width=\"64\" height=\"20\">Last<\/td>\n<td style=\"font-weight: normal; padding-bottom: 0px !important; width: 48pt;\" width=\"64\" align=\"right\">1.4895<\/td>\n<\/tr>\n<tr style=\"height: 15pt;\" height=\"20\">\n<td style=\"font-weight: normal; padding-bottom: 0px !important; height: 15pt; width: 48pt;\" width=\"64\" height=\"20\">High<\/td>\n<td style=\"font-weight: normal; padding-bottom: 0px !important; width: 48pt;\" width=\"64\" align=\"right\">1.4899<\/td>\n<\/tr>\n<tr style=\"height: 15pt;\" height=\"20\">\n<td style=\"font-weight: normal; padding-bottom: 0px !important; height: 15pt; width: 48pt;\" width=\"64\" height=\"20\">Low<\/td>\n<td style=\"font-weight: normal; padding-bottom: 0px !important; width: 48pt;\" width=\"64\" align=\"right\">1.4805<\/td>\n<\/tr>\n<tr style=\"height: 15pt;\" height=\"20\">\n<td style=\"font-weight: normal; padding-bottom: 0px !important; height: 15pt; width: 48pt;\" width=\"64\" height=\"20\">5 day<\/td>\n<td style=\"font-weight: normal; padding-bottom: 0px !important; width: 48pt;\" width=\"64\" align=\"right\">1.4840<\/td>\n<\/tr>\n<tr style=\"height: 15pt;\" height=\"20\">\n<td style=\"font-weight: normal; padding-bottom: 0px !important; height: 15pt; width: 48pt;\" width=\"64\" height=\"20\">10 day<\/td>\n<td style=\"font-weight: normal; padding-bottom: 0px !important; width: 48pt;\" width=\"64\" align=\"right\">1.4758<\/td>\n<\/tr>\n<tr style=\"height: 15pt;\" height=\"20\">\n<td style=\"font-weight: normal; padding-bottom: 0px !important; height: 15pt; width: 48pt;\" width=\"64\" height=\"20\">20 day<\/td>\n<td style=\"font-weight: normal; padding-bottom: 0px !important; width: 48pt;\" width=\"64\" align=\"right\">1.4596<\/td>\n<\/tr>\n<tr style=\"height: 15pt;\" height=\"20\">\n<td style=\"font-weight: normal; padding-bottom: 0px !important; height: 15pt; width: 48pt;\" width=\"64\" height=\"20\">50 day<\/td>\n<td style=\"font-weight: normal; padding-bottom: 0px !important; width: 48pt;\" width=\"64\" align=\"right\">1.4263<\/td>\n<\/tr>\n<tr style=\"height: 15pt;\" height=\"20\">\n<td style=\"font-weight: normal; padding-bottom: 0px !important; height: 15pt; width: 48pt;\" width=\"64\" height=\"20\">100 day<\/td>\n<td style=\"font-weight: normal; padding-bottom: 0px !important; width: 48pt;\" width=\"64\" align=\"right\">1.3845<\/td>\n<\/tr>\n<tr style=\"height: 15pt;\" height=\"20\">\n<td style=\"font-weight: normal; padding-bottom: 0px !important; height: 15pt; width: 48pt;\" width=\"64\" height=\"20\">200 day<\/td>\n<td style=\"font-weight: normal; padding-bottom: 0px !important; width: 48pt;\" width=\"64\" align=\"right\">1.3604<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/td>\n<\/tr>\n<\/table>\n<p>For more please visit <a href=\"http:\/\/www.forextradingevo.com\">ForexTradingEVO.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD EURUSD broke support and going down side toward 50. % (1.4548), 61.8% (1.4455) of 1.4156 to 1.4939. EURUSD broke consolidation on down side, now retracement possible toward 1.4750-1.4773 area as broke wedge formation on 1 hour chart. EURUSD break of 1.4507 supports next will be 1.4455-1.4409 area on intraday. In EURUSD strong resistance is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/05\/06\/eurusd-technical-analysis-may06\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/USD Technical Analysis &#8211; May\/06&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20975","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20975"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20975\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}