EURUSD stays in a descending price channel on its 4-hour chart, indicating that the pair remains in the short term downtrend from 1.1285. As long as the pair is in the channel, the downtrend could be expected...
EURUSD’s fall from 1.1285 extended to as low as 1.1166. Deeper decline is still possible and next target would be at around 1.1130. However, as long as 1.1109 support holds, the fall would possibly be consolidation of...
The EUR/USD pair fell initially during the day on Friday, but then bounced above the 1.12 level only to find a significant amount of selling pressure. That being the case, we dropped again and made a fresh...
EURUSD’s bullish movement from 1.0569 extended to as high as 1.1285. Near term support is at the ascending trend line on its daily chart. As long as the pair is above the trend line, the bullish move...
The Thursday session was very interesting in the EUR/USD pair, as we fell significantly, reaching towards the 1.12 level. However, as we go into the later part of the day, looks as if the buyers are trying...
EURUSD broke below 1.1200 support, indicating that lengthier consolidation for the uptrend from 1.0569 (Apr 10 low) is needed. Deeper decline could be expected in a couple of days, and the target would be at around 1.1130....
The EUR/USD pair had a very volatile session on Wednesday, as we are trying to front run the European Union quantitative easing situation. After all, the ECB has an interest rate decision today, and that will have...
EURUSD remains in short term uptrend from 1.1109, as long as 1.1200 support holds, the pullback from 1.1285 could be treated as correction of the uptrend. Further rise could be expected after the correction pullback and a...
The EUR/USD pair initially tried to rally during the session on Tuesday, but found enough resistance near the 1.1280 level to turn things back around. We then bounced off the 1.1240 level. The market continues to look...
EURUSD remains in uptrend from 1.1109. Further rise could be expected after a minor consolidation and next target would be at 1.1450 area. Near term support is at 1.1200, only a breakdown below this level could take...
