EURUSD broke above 1.1625 resistance and extended its bounce from 1.1554 to as high as 1.1654. Further rise to test 1.1690 resistance is possible. As long as this level holds, the price action in the trading range...
The EUR/USD pair did very little during the day on Wednesday, as we continue to bang around the 1.16 level. I think that the 1.17 level above is essentially the “ceiling” in the market, as more than...
EURUSD remains in the downtrend from 1.1879. Further decline would likely be seen after a minor consolidation and next target would be at 1.1400 area. Near term resistance is at 1.1625, followed by 1.1690, only break above...
The EUR/USD pair has drifted a bit lower during the day on Tuesday, as we continue the overall gentle downtrend. We have recently broken below the bottom of a head and shoulders pattern on the daily chart,...
EURUSD extended its downside movement from 1.1879 to as low as 1.1554, breaking below 1.1574 support, suggesting that the downtrend has resumed. Further decline would likely be seen in a couple of days and next target would...
EURUSD is facing 1.1574 support. A breakdown below this level could signal resumption of the downtrend from 1.2092 (Sep 8 high), then next target would be at 1.1400 area. On the upside a breakout of 1.1690 level...
EURUSD is in consolidation of the downtrend from 1.2092 (Sep 8 high). Range trading between 1.1574 and 1.1725 would likely be seen in the coming days. As long as the support-turned-resistance level of 1.1725 holds, the downside...
EURUSD is now in downtrend from 1.2092. As long as the price is below the bearish trend line on the daily chart, the downside movement could be expected to continue and next target would be at the...
The EUR/USD pair initially went sideways on Friday, but then turned to rally towards the 1.17 level. That’s an area that should be massively resistive, as it was massively supportive in the past. It was the neckline...
EURUSD’s bounce from 1.1574 extended to as high as 1.1687. Further rally is still possible and next target would be at the support-turned-resistance level of 1.1725. Breakthrough this level could trigger further upside movement towards the falling...
