Tag: EURUSD

EURUSD drops sharply to as low as 1.4997 level. Deeper decline to 1.4700 to reach next cycle bottom on daily chart is possible next week. Initial resistance is at 1.5250, only break of this level will indicate...

EURUSD’s down trend remains and the fall from 1.6038 extends further to as low as 1.5445 level. Deeper decline to test 1.5284 previous low support is still possible in next several days. Near term resistance is at...

EURUSD is in down trend and the fall from 1.6038 extends further to 1.5515 level. Deeper decline is still possible to test 1.5302 previous low support. Initial resistance is at 1.5768, as long as this resistance holds,...

EURUSD breaks below 1.5611 support and down trend resumes. Deeper decline towards 1.5302 previous low is possible in next few days. Initial resistance is at 1.5770, rise above this level will signal consolidation to down trend. As...

EURUSD is testing 1.5611 support. As long as this level holds, we’d expect uptrend to resume and rebound towards 1.6038 is possible. However, a break below 1.5611 level will signal further decline to to 1.5400 area.

EURUSD broke below the up trend line from 1.5302 to 1.5611. Deeper decline to test 1.5611 support is still possible in next few days. Initial resistance is at 1.6038, only rise above this level will signal further...

EURUSD is testing the support of the up trend line from 1.5302 to 1.5611, break below the trend line support will take price back to1.5600 level. As long as the trend line support holds, we’d expect up...

EURUSD broke above 1.6019 (Apr 22 high) resistance and reached 1.6038 high. Further rise towards 1.7000 is still possible after consolidation. Initial support is at the up trend line from 1.5302 to 1.5611, as long as the...

EURUSD broke above 1.5908 previous high resistance and reached 1.5945 level. Further rise to test 1.6019 (Apr 22 high) is still possible next week, a break above this level will take price to 1.6300 area. However, as...

EURUSD is forming a cycle top at 1.5908 on daily chart. Key support is located at 1.5535 level, a break below this level will confirm the cycle top and encourage further pullback to retest 1.5302 previous low...