Tag: EURUSD

EURUSD remains in downtrend, and the fall from 1.4719 extends to as low as 1.2764 level. Deeper decline to 1.2650 zone to reach the next cycle bottom on daily chart is still possible, and the next cycle...

EURUSD’s downtrend extends further to as low as 1.3026 level. Deeper decline to 1.2800 to reach the next cycle bottom on daily chart is still possible next week, and the next cycle bottom is nearing. Initial resistance...

EURUSD is moving to the next cycle bottom on daily chart. Initial resistance is located at 1.3797, as long as this level holds, we’d expect downtrend to continue, and target would be at 1.3100-200 area. However, above...

EURUSD breaks below 1.3825 support and reaches as low as 1.3546 level. Deeper decline could be seen to 1.3050 zone in next several days. Initial resistance is now at 1.3765, as long as this level holds, we’d...

EURUSD is testing the support of 1.3825 level. A break down below this level will signal deeper decline towards 1.3500. However, as long as 1.3825 support holds, we’d expect sideways consolidation to continue between 1.3825 and 1.4719,...

EURUSD formed a cycle top at 1.4719 level on daily chart. Consolidation in a range between 1.3825 and 1.4719 would more likely be seen next week. Initial support is now located at 1.3825, a break down below...

EURUSD fails to test the resistance at 1.4867 (Sep 22 high) and pulls back from 1.4719 level, suggesting that a cycle top has been formed on daily chart. Consolidation in a range between 1.3500 and 1.4500 is...

EURUSD breaks above 1.3290 long term key resistance, suggesting that the down trend from 1.6038 (July 17 high) has terminated. Further rally is still possible to 1.3850-1.4000 area in next several days. Initial support is located at...

No changed in our view, EURUSD is forming a triangle pattern on daily chart, and the price action from 1.2329 is treated as consolidation of the long term down trend. Deeper decline is expected to 1.2000 zone...

EURUSD moved without trend in a range between 1.2329 and 1.3290 for several weeks, and the price action is more likely forming a triangle pattern on daily chart. Deeper decline is expected to test the support of...