EURUSD remains in the downtrend from 1.1961, the price action from 1.1717 is likely consolidation of the downtrend. A breakdown below 1.1712 support will indicate that the downtrend has resumed, then next target would be at 1.1660,...
EURUSD moved sideways in a trading range between 1.1554 and 1.2092 for several weeks. As long as 1.1554 key support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0340 (Jan 3 low),...
EURUSD’s bounce from 1.1717 extended to as high as 1.1862, the subsequent fall is likely resumption of the downtrend from 1.1961. Further decline to test 1.1712 support would likely be seen, a breakdown below this level could...
EURUSD failed to break below 1.1712 support and rebounded from 1.1717, breaking above 1.1814 resistance, suggesting that the downside movement from 1.1961 had completed at 1.1717 already. Further rally would likely be seen in the coming days...
The EUR/USD pair continues to be very noisy, but it looks as if we are trying to form some type of supportive area in this region. On the weekly chart, I can make an argument for...
EURUSD is trending lower and moving inside a descending channel on its 1-hour time frame. Price is testing resistance after a sharp rally, so either a bounce or break could be due. The 100 SMA is below...
The EUR/USD pair has been slightly negative during the trading session on Tuesday, but quite frankly with the Federal Reserve releasing an interest rate announcement, and more importantly a statement later today, it’s likely that this...
EURUSD’s downtrend from 1.1961 extended to as low as 1.1717, facing the support level at 1.1712. Near term resistance is at 1.1814. As long as this level holds, the downside movement could be expected to continue and...
The EUR/USD pair rallied a bit during the trading session on Monday, but it looks likely that we are going to struggle a bit to get to the upside. If we can break above the 1.1825...
EURUSD extended its downside movement from 1.1961 to as low as 1.1730, facing the support level at 1.1712. A breakdown this level could take price to next support level at 1.1670, followed by 1.1554. Below these levels...
