EURUSD The pair strongly rushed to the upside and is nearing the retest level for yesterday’s breached channel around 1.2315. The 50 MA is attempting to impede restrict more bullish movement, with stochastic entering overbought areas. Our...
EUR/USD On the Daily Chart, we seem to have run out of steam on the upward climb from June 6th thru June 20th. As we corrected down from the June 20th HI at 1.2470, price has now...
EURUSD The pair reached halfway towards the awaited target yesterday at 1.2070, returning to attempt a retest for the previously breached support at 1.2210. Yesterday’s closing below the mentioned levels makes us expect the bearish intraday trend to...
EURUSD The pair managed to breach support for the minor bullish channel due to the negative effect from momentum indicators on the four-hour chart. Meanwhile, trading is below SMA 50 is adding more pressure on the pair, which...
EUR/USD Open 1.2271 High 1.2395 Low 1.2257 Close 1.2275After the hesitant trading last week, on Monday Euro/Dollar significantly decreased. The European currency dropped from 1.2395 to 1.2268, in converse with the Interbank sentiment projection, at around +6%,...
EURUSD The pair is moving within a narrow range since this morning within the minor ascending channel that is on its way in forming the right shoulder for the suggested bullish technical pattern in our weekly report...
Compared with last week’s action-packed schedule, which included unexpected news of the Chinese Yuan’s move to flexibility, a dramatic UK Budget Release, and a rather dovish U.S Fed Statement, this week has started off on a relatively...
EURUSD The pair continues to trade within the main bearish channel nearing resistance is currently around 1.2470. This level is vital since its neckline for the bullish technical pattern is close to being completed.
EUR/USD Open 1.2378 High 1.2396 Low 1.2267 Close 1.2364After partial downward correction, as expected, on Friday Euro/Dollar recorded insignificant further recovering. The European currency first dropped to 1.2267, from where it appreciated up to 1.2388 on Friday,...
EURUSD’s bounce from 1.1876 extended to as high as 1.2466. Another rise towards 1.2671 key resistance is expected after a minor consolidation, a break above this level will indicate that the long term downtrend from 1.5144 has...
