EURUSD Uptrend Correction (Aug 22, 2016)
EURUSD is on an uptrend on its 4-hour time frame, moving above an ascending trend line and getting ready to test support. The Fib tool applied on the latest swing high and low shows that the 61.8%...
Tag: EURUSD
EURUSD Weekly Analysis – August 21, 2016
EURUSD broke above the downward trend line on daily chart, indicating that the downward movement from 1.1616 had completed at 1.0911 already. The pair is now in uptrend. Further rise could be expected over the next several...
EUR/USD Forecast August 19, 2016, Technical Analysis
The EUR/USD pair rose during the course of the day, reaching towards the 1.1350 level. The area has been resistive in the past, and having said that it’s likely that the sellers could reenter this market, but...
EUR/USD Forecast August 18, 2016, Technical Analysis
The EUR/USD pair went back and forth during the course of the day on Tuesday, showing a bit of indecision after a very impulsive day on Monday. With this being the case, I think that a pullback...
EUR/USD Forecast August 17, 2016, Technical Analysis
EUR/USD rose significantly during the course of the day on Tuesday, breaking above the 1.12 level. As I had suggested previously, if we got above the 1.12 level, we then would more than likely reach towards the...
EUR/USD Forecast August 16, Technical Analysis
The EUR/USD pair initially fell during the course of the session on Monday, but then turned right back around to reach the 1.12 level above, an area that is resistive. If we can break above there, the...
EUR/USD Forecast August 15, 2016, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the day on Friday, but gave back about half of the games in order to form a shooting star. As you can see, we are still...
EURUSD Weekly Analysis – August 14, 2016
EURUSD is facing the downward trend line resistance again. A clear break above the trend line resistance will indicate that the downtrend from 1.1616 had completed at 1.0911 already, then the following upward movement could bring price...
EUR/USD Forecast August 12, 2016, Technical Analysis
EUR/USD pair initially fell during the course of the session on Thursday, but turned around to form a hammer. The hammer of course suggesting that we are going to continue see bullish pressure. However, I don’t like...
EUR/USD Forecast August 11, 2016, Technical Analysis
The EUR/USD pair is rallying yet again, as we continue to go back and forth. Having said that though, I still think that there’s a lot of noise above that could cause resistance. With this, it’s likely...