EURUSD’s downward movement from 1.0905 extended to as low as 1.0650. Near term resistance is at 1.0705, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0600...
After touching the top of the price channel on daily chart, EURUSD pulled back to 1.0650, indicating that the pair remains in downtrend from 1.1616 (May 3, 2016 high), and the rise from 1.0340 could be treated...
EUR/USD daily chart, April 03, 2017 The EUR/USD pair initially tried to rally during the day on Friday, but turned around to form a less than stellar bullish candle. The 1.0750 level above should be resistive, but...
EURUSD has been selling off recently but it could be approaching a turning point as it nears the bottom of the longer-term ascending channel visible on the 4-hour time frame. Price could test support at the 1.0650...
EUR/USD daily chart, March 30, 2017 The EUR/USD pair fell significantly during the day on Wednesday, but found enough support at the 1.0750 level underneath to keep the market somewhat afloat. If we can break down below...
EURUSD broke below 1.0760 support, indicating that the uptrend from 1.0494 had completed at 1.0905 already. The pair is now in downtrend, further decline could be expected in a couple of days, and next target would be...
EUR/USD daily chart, March 29, 2017 The EUR/USD pair continues to look very volatile, and I believe longer-term it will show bullish pressure. However, it looks as if we may drop slightly during the session on Wednesday,...
EURUSD stays in the ascending price channel on 4-hours chart and remains in uptrend from 1.0494. As long as the pair is in the channel, the fall from 1.0905 could be treated as consolidation of the uptrend...
USDCHF decline from 3/7 (1.0170) high to 3/22 (0.9879) low could be viewed as a 5 swing move that we have labelled as Elliott wave ((a)). Bounce to 0.9960 was a three move and completed Elliott wave ((b))....
EUR/USD daily chart, March 28, 2017 The EUR/USD pair gapped to the upside on Monday, reaching towards the 1.09 level during the day. Pullbacks should continue to offer buying opportunities, as the market looks so well supported....
