EURUSD’s upward movement from 1.0340 extended to as high as 1.0719. Further rise is still possible after a minor consolidation, and next target would be at 1.0800 area. Support is located at the upward trend line on...
The EUR rallied during the day on Monday, but found enough resistance at the 50-day exponential moving average to turn around and form a less than spectacular candle. I believe that the market is going to continue...
EURUSD continues to tread higher, moving inside an ascending channel visible on its 1-hour time frame. Price is just testing the resistance and could be due for a pullback to support before heading further north. The...
EURUSD remains in uptrend from 1.0340, the fall from 1.0684 is likely consolidation of the uptrend. Support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could...
EURUSD remains in downtrend from 1.1366, the rise from 1.0340 is likely consolidation of the downtrend. Key resistance is at 1.0873, as long as this level holds, the downtrend could be expected to resume, and further decline...
The EUR/USD pair initially tried to rally on Friday, but fell just as it did on Thursday, forming a shooting star again. Because of this, I believe that the short-term move to the 1.05 level is more...
The EUR/USD pair rallied on Thursday, reaching towards the 1.07 level. This is an area where I expect to see quite a bit of resistance, so we could see selling in this area. If we get an...
EURUSD broke above 1.0653 resistance, indicating that the pair is in short term uptrend from 1.0340. Further rise could be expected, and next target would be at 1.0800 area. Support is at the upward trend line on...
The EUR/USD pair broke down below the 1.05 level during the day on Wednesday, as it suggests that we are going to continue to go lower. Because of this, the market should then reach down to the...
The EUR/USD pair tried to rally on Tuesday but gave back most of the gains in an unimpressive display. I still believe in the downside of this market, and then selling rallies is essentially taking advantage of...
