EURUSD Daily Analysis – July 7, 2017
EURUSD failed to break below 1.1290 support and is now facing 1.1450 key resistance again. A break of this level will signal resumption of the uptrend from 1.0569 (Apr 10 low), then next target would be at...
Tag: EURUSD
EUR/USD Forecast July 7, 2017, Technical Analysis
The EUR/USD pair initially dropped a bit on Thursday, but then shot towards the 1.14 level above. The area above there should be massively resistive, extending all the way to the 1.1450 level. Beyond that, the 1.15...
EUR/USD Forecast July 6, 2017, Technical Analysis
The EUR/USD pair initially went sideways, but then broke down significantly to test the 1.13 region. I believe that the market will probably turn around to reach towards the upside, perhaps going back towards the 1.14 level....
USDX Elliott Wave View: Correction in progress
Short term USDX (USD Index) Elliott Wave view suggests the rally to 97.88 high on 6/20 ended Intermediate wave (X). Decline from there is unfolding as an impulse Elliott Wave structure with extension and ended at 95.47 low on 6/29. This 5 wave move...
EUR/USD Forecast July 5, 2017, Technical Analysis
The EUR/USD pair initially went sideways on Tuesday, but then broke down a bit to reach towards the 1.1350 level. I believe that there is a much more significant support level in the 1.13 region, so I’m...
EURUSD Daily Analysis – July 5, 2017
EURUSD is in consolidation of the uptrend from 1.1118. Range trading between 1.1290 and 1.1445 would likely be seen in a couple of days. As long as the 1.1290 key support holds, the uptrend from 1.1118 could...
EUR/USD Forecast July 4, 2017, Technical Analysis
The EUR/USD pair rolled over during the day on Monday, breaking towards the 1.1350 level as I record this. The market looks as if it is starting to show bearish pressure in a bit of significance, and...
EURUSD Retracement Setup (July 04, 2017)
EURUSD recently surged past the resistance at the 1.1250-1.1300 psychological levels then climbed close to the 1.1450 minor psychological resistance. Price retreated from here, indicating that a correction from the rally is happening. Applying the Fib tool...
EURUSD Daily Analysis – July 4, 2017
Under pressure by the 1.1450 resistance, EURUSD pulled back to 1.1355, suggesting that consolidation for the uptrend from 1.1118 is underway. Range trading between 1.1350 and 1.1445 would likely be seen in a couple days. As long...
EURUSD Daily Analysis – July 3, 2017
EURUSD is facing 1.1450 resistance. Range trading between 1.1350 and 1.1445 would likely be seen in a couple of days. Near term support is at 1.1350 and the key support is at 1.1290. As long as these...