EURUSD is facing 1.0493 support, a breakdown below this level will signal resumption of the downtrend from 1.0828, then next target would be at 1.0400 area. Near term resistance is at 1.0550, only break above this level...
EURUSD failed to break above the top of the price channel on 4-hour chart, indicating that the pair remains in downtrend from 1.0828, and the price action from 1.0521 could be treated as consolidation of the downtrend....
The EUR/USD pair initially fell on Tuesday, but found enough support underneath to bounce a bit and reach towards the 50-day exponential moving average. I still think that there’s a lot of resistance just above, so on...
EURUSD is facing he resistance of the downward price channel on 4-hours chart. As long as the pair stays in the channel, the price action from 1.0521 could be treated as consolidation of the downtrend from 1.0828,...
The EUR/USD pair rallied on Monday, as we continue to see plenty of volatility. I believe that the 50-day exponential moving average, pictured in red on the chart, will continue to be resistance. We are in a...
EURUSD stays in the downward price channel on 4-hours chart, indicating that the pair remains in downtrend from 1.0828. As long as the channel resistance holds, the downtrend could be expected to resume, and further decline to...
EURUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.1616 (May 3, 2016 high). As long as the channel resistance holds, the downtrend could be expected to resume, and further fall...
The EUR/USD pair initially tried to rally on Friday but found enough resistance to turn around and form a shooting star. This is a very bearish looking market overall, but on the weekly chart we had formed...
EURUSD remains in downtrend from 1.0828, the price action from 1.0521 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 stays...
The EUR/USD pair fell slightly during the day on Wednesday, testing the 1.05 level. That’s an area that has been supportive in the past, so it makes sense that we might bounce from here. However, I see...
