EURUSD failed in its attempt to break above the top trend line of the price channel on the 4-hour chart and dropped down from 1.1832, indicating that the pair remains in the downtrend from 1.2029. Further decline...
EURUSD stays in a descending price channel on its 4-hour chart and remains in the downtrend from 1.2029. As long as the price is in the channel, the bounce from 1.1717 could be treated as consolidation of...
EURUSD broke below the rising price channel on its daily chart, indicating that consolidation for the uptrend from 1.0340 is underway. Range trading between 1.1662 and 1.2092 would likely be seen in a couple of weeks. As...
The EUR/USD pair had a positive session on Friday, reaching towards the 1.1835 level, before pulling back slightly. However, as the American traders came back on board, they started to buy the pair again, and I believe...
The EUR/USD pair initially fell on Thursday, but found enough support near the 1.1725 level to turn around and bounce. We had formed a “W pattern” on the hourly chart, and it looks as if the buyers...
EURUSD recently broke below support around the 1.1850 minor psychological level then dropped close to the 1.1700 mark. Price appears to be making a correction from here and applying the Fibonacci retracement tool shows that the 50%...
EURUSD remains in the downtrend from 1.2029, the bounce from 1.1717 is likely consolidation of the downtrend. Near term resistance is located at the top trend line of the price channel on the 4-hour chart, now at...
The EUR/USD pair fell during the course of the session, as we are now cleanly below the 1.18 level. We did bounce a little bit though, and it looks as if we make it a selling opportunity...
EURUSD extended its downside movement from 1.2092 to as low as 1.1717. Further decline to test 1.1662 support could be expected in the coming days. As long as this level holds, the fall from 1.2092 could be...
Housing data have been quite disappointing lately, and it is worth remembering that the sector that triggered the subprime mortgage crisis of 2007/8. The market is still sensitive to the number of negative homes. The EURUSD four...
