EURUSD’s fall from 1.0714 extended to as low as 1.0600. Deeper decline to test the support of the ascending price channel on 4-hours chart is possible. A clear break below the channel support will confirm that the...
EUR/USD daily chart, March 14, 2017 The EUR/USD pair initially tried to rally on Monday, but found enough resistance of the 100-day exponential moving average to turn things around and form a shooting star. The shooting star...
EURUSD remains in uptrend from 1.0494, the fall from 1.0714 is likely consolidation of the uptrend. Support level is at 1.0600, as long as the pair is above this level, the upward movement could be expected to...
EURUSD broke above 1.0679 resistance, indicating that the pair is now in uptrend from 1.0493. Further rise would likely be seen in a couple of days, and next target would be at 1.0750 area. Support is at...
EUR/USD daily chart, March 13, 2017 The EUR/USD pair broke higher during the day on Friday, slicing through the 50-day exponential moving average. This is a very bullish candle, and I believe that the upward momentum will...
EURUSD stays in the descending price channel on daily chart and remains in downtrend from 1.1616 (May 3, 2016 high). As long as the channel resistance holds, the price action from 1.0340 could be treated as consolidation...
EUR/USD daily chart, March 10, 2017 The EUR/USD pair tried to rally during the day after comments by the European Central Bank suggesting that quantitative easing was going to be cut back slightly. However, there are still...
EURUSD continued its sideways movement in a range between 1.0493 and 1.0679. The sideways movement is likely consolidation of the downtrend from 1.0828, further decline to 1.0400 area is still possible after the sideways consolidation. Key resistance...
EURUSD is making its way to the bottom of its longer-term range at the 1.0500 major psychological level and might be due for a bounce. If so, price could make its way back up to the range...
EUR/USD daily chart, March 09, 2017 The EUR/USD pair fell slightly during the day on Wednesday, as it looks like it’s trying to reach down to the 1.05 level. Any rally at this point will more than...
