Tag: EURUSD

EURUSD formed a cycle bottom at 1.5302 on daily chart. Further rise to test 1.6019 (Apr 22 high) could be seen in a couple of weeks. A break of 1.6019 level will indicate that the sideways consolidation...

EURUSD formed a cycle bottom at 1.5302 on daily chart. Consolidation could be seen in a range between 1.5302 and 1.5843. A break below 1.5302 level will indicate that consolidation has completed, and pullback to 1.5000 area...

EURUSD is forming a cycle bottom at 1.5302 on daily chart. However the rise from 1.5302 is treated as consolidation to down trend. Deeper decline is still possible after consolidation. A break below 1.5302 level will indicate...

Being contained by 1.5284 previous low support, EURUSD rebounded from 1.5302. The rise is treated as consolidation to down trend. Deeper decline to 1.5000 area is still possible, and down trend will be confirmed by breaking below...

EURUSD is testing 1.5284 previous low support. If this support gives way, deeper decline to 1.5000 area to reach the next cycle bottom on daily chart could be seen. Initial resistance is at 1.5585, as long as...

EURUSD broke above 1.5818 resistance and pulled back from 1.5843 level. The fall from 1.5843 is treated as resumption of down trend. Deeper decline to 1.5000 area to reach next cycle bottom on daily chart could be...

EURUSD rebounded sharply from 1.5365 and is testing 1.5818 previous high resistance. The pair is forming a sideways consolidation in a range between 1.5284 and 1.6019. Further rise to test 1.6019 is still possible if 1.5818 resistance...

EURUSD is in down trend, and the fall from 1.5818 extends to as low as 1.5410. Deeper decline could be seen to test 1.5284 previous low support in a couple of days, and break below this level...

EURUSD dropped sharply from 1.5818 and formed a cycle top on daily chart. The fall from 1.5818 could possibly be resumption of the long term down trend. Further pullback to test 1.5284 previous low support is expected...

EURUSD is moving to the next cycle top on daily chart. Further rise to test 1.6019 previous high resistance is still possible after consolidation. As long as 1.6019 resistance holds, rebound from 1.5284 is treated as correction...