By Elliott Wave International This was an eventful week in politics, monetary policy and the markets — and to many observers, the three seemed to be linked. On Wednesday (March 1), the U.S. dollar did something it...
EURUSD moved sideways in a trading range between 1.0493 and 1.0679. As long as 1.0679 key resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.0828 and further decline to 1.0400 area...
EUR/USD daily chart, March 08, 2017 The EUR/USD pair rallied a bit during the day on Tuesday, but found enough resistance above the 1.06 level to turn things around and start to drift to the downside again....
EURUSD stays in the descend price channel on 4-hours chart, indicating that the pair remains in downtrend from 1.0828. Another fall to test 1.0493 support could be expected in a couple of days, a breakdown below this...
EUR/USD daily chart, March 07, 2017 The EUR/USD pair tried to rally, but the 50-day exponential moving average has again offered too much resistance for the buyers to continue pushing. Because of this, I believe that the...
After touching the top of the price channel on 4-hour chart, EURUSD pulled back into the channel, indicating that the pair remains in downtrend from 1.0828. Another fall to test 1.0493 support would likely be seen and...
EUR/USD daily chart, March 06, 2017 The EUR/USD pair bounced off the 1.05 level again, an area that has been rather supportive recently. If we can break above the top of the candle, I think the market...
EURUSD failed to break below 1.0493 support and is now facing the channel resistance. As long as the pair stays in the channel, the price action from 1.0521 could be treated as consolidation of the downtrend from...
EURUSD remains in downtrend from 1.1616 (May 3, 2016 high), the price action from 1.0340 is likely consolidation of the downtrend. Resistance is at the top of the price channel on daily chart. As long as the...
The EUR/USD pair fell during the Thursday session, testing the 1.05 level for support. It did find a little bit there, so it’s likely that the market will bounce, but I would suggest that the bounces are...
