EURUSD analysis

The previous analysis on EURUSD ( http://markettechnicalview.blogspot.ro/2013/02/eur-usd-analysis-reversal-time.html ) pointed out a reversal on the daily chart as 3 main projections were targeting the 1.3700 area.

Here are some important support areas that will hold or even reverse the direction in case the dollar will regain confidence in the next days/weeks.

Apple vs. Samsung analysis

Both of the tech shares rose sharply since early 2009, APPLE reaching above 400% while SAMSUNG is at 290%.

In the majority of the time APPLE over-performed SAMSUNG but in the last five months the decline in the APPLE shares reversed the ratio.

I wonder if this is a sign of reverse in the investor's sentiment regarding the two largest tech companies in the world. If APPLE will fail to amaze its fans in 2013, than buying  SAMSUNG shares could be the perfect investment for those who want to keep their money in this sector.

Apple, Groupon update

It seems like the investor's sentiment has reversed yesterday, at least for the short term.

The EUR weakness and the news about Cyprus, Spain and Italy could reverse the markets.

Therefore, I am setting SL levels for:

•  AAPL at $437.00 ( http://markettechnicalview.blogspot.ro/2013/01/apple-technical-analysis.html )
• GRPN at $5.13 ( http://markettechnicalview.blogspot.ro/2013/02/groupon-time-for-rally.html )

EUR-USD analysis. Reversal time.

The daily chart of the EUR/USD cross reveals a bunch of clues for a mid-term reversal.

The strength of the Euro from late July until now has evolved in 3 waves (ABC structure) and it almost reached the 61.8% Fibonacci retracement of the  May 2011 - July 2012 swing down.

Moreover, there are 3 AB=CD scenarios on different time scales (blue, red and green lines on the chart) that are projecting the target in the same area 1.3655 - 1.3770.

In Friday's session the price formed a spinning top candle and today it seems that the bears are dominating. In case the EURUSD cross will close the day somewhere below  1.3600 level, than a bearish engulfing pattern will be created and we should look for a reversal.