Tag: EURUSD

EURUSD might be forming a cycle top at 1.3738 on daily chart. Key support is now located at 1.3250, a break below this level will confirm the cycle top and deeper decline could then be seen to...

EURUSD’s rise from 1.2456 has extended to as high as 1.3738. Further rally to 1.4000 zone to reach the next cycle top on daily chart is still possible next week. Near term support is at 1.3435 and...

EURUSD breaks above 1.2991 key resistance, suggesting that the fall from 1.4719 has completed at 1.2456 level already. Further rally to 1.3200 zone to reach the next cycle top on daily chart is expected in next several...

EURUSD broke above the resistance of the falling wedge pattern, suggesting that a cycle bottom is being formed at 1.2456 on daily chart, key resistance is located at 1.2991, a break above this level will confirm the...

EURUSD is in medium term downtrend. Deeper decline to 1.2350-1.2400 area to reach the next cycle bottom on daily chart is still possible next week. The price action from 1.2764 is more likely falling wedge pattern, a...

EURUSD remains in medium term downtrend from 1.4719. Deeper decline is still in favor, a break down below 1.2512 level will signal resumption of the downtrend, and the next target would be at 1.2400 zone. Key resistance...

EURUSD remains in medium term downtrend from 1.4719. The rebound from 1.2512 is treated as consolidation of the downtrend. Key resistance is now located at 1.3093, as long as this level holds, we’d expect downtrend to resume...

EURUSD breaks below 1.2706 support, suggesting that the medium term downtrend from 1.4719 has resumed. Further fall could be seen to test 1.2329 (Oct 28, 2008 low) support. As long as this level holds, we’d expect range...

EURUSD traded in a range between 1.2706 and 1.3329 for several weeks. The price action in the trading range is more likely consolidation of the medium term downtrend from 1.4719. Further fall is still possible to 1.2500...

No changed in our view, EURUSD remains in medium downtrend. Deeper decline is still possible next week. The next target would be at 1.2500-1.2600 area. Key resistance is now located at 1.3329, only rise above this level...