EURUSD continues its sideways movement in a trading range between 1.0569 and 1.0689. The key resistance is at 1.0689, as long as the pair is below this level, the sideways movement could be treated as consolidation of...
EURUSD moved sideways in a trading range between 1.0569 and 1.0689. As long as 1.0689 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0905, and further decline to...
The EUR/USD pair tried to rally on Friday but turned around to show more signs of lackluster performance. If we can break below the 1.06 level, the market will then more than likely reach towards the 1.05...
EURUSD remains in downtrend from 1.1616 (May 3, 2016 high), the price action from 1.0340 is likely consolidation of the downtrend. As long as the pair is in the descending price channel on daily chart, the downtrend...
Under pressure by 1.0689 resistance, EURUSD pulled back to 1.0610. Deeper decline to test 1.0569 support is possible. A breakdown below this level will indicate that the downtrend from 1.0905 has resumed, then next target would be...
The EUR/USD pair had a slightly positive session on what would have been a basically quiet session during the Wednesday trading session. I believe that the market still has a lot of negative pressure on it though,...
EURUSD broke above the resistance of the descending price channel on 4-hour chart, indicating that the downtrend from 1.0905 had completed at 1.0569 already. Further rise could be expected and next target would be at 1.0700 area....
The EUR/USD pair rallied on Tuesday, breaking above the top of the range from the Monday session and showing that the 1.06 level was in fact going to be supportive. Having said that, I still believe that...
EURUSD remains in downtrend from 1.0905, the bounce from 1.0569 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the pair is in...
The EUR/USD pair fell initially during the day on Monday but turned around to form a supportive candle. The 1.06 level above continues to offer resistance though, so it’s likely that we will continue to see choppiness....
