EUR/USD Forecast May 31, 2016, Technical Analysis

by FX Empire | May 31, 2016 6:21 am
The EUR/USD pair rose slightly during the course of the day on Monday, but you have to keep in mind that the Americans were away for the Memorial Day holiday. Because of this, the market would have...

EURUSD Weekly Analysis – May 29, 2016

by ForexCycle.com | May 29, 2016 10:26 am
EURUSD is facing the support of the price channel on daily chart. As long as the channel support holds, the fall from 1.1616 would possibly be consolidation of the uptrend from 1.0517, and one more rise to...

EUR/USD Forecast May 30, 2016, Technical Analysis

by FX Empire | May 28, 2016 6:41 am
The EUR/USD pair fell slightly during the course of the session on Friday, as we continue to see bearishness. However, there is a massive amount of support near the 1.10 level below, so we are not expecting...

EUR/USD Forecast May 26, 2016, Technical Analysis

by FX Empire | May 26, 2016 6:10 am
The EUR/USD pair rallied slightly during the course of the day on Wednesday, but at this point in time the pair certainly looks very negative. With this being the case, we are looking for shorter-term resistive candles...

EURUSD Descending Channel (May 26, 2016)

by Kate Curtis | May 26, 2016 4:20 am
EURUSD has been trending lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows. Price appears to be on its way to test the resistance once more after the channel...

EUR/USD Forecast May 25, 2016, Technical Analysis

by FX Empire | May 25, 2016 5:36 am
The EUR/USD pair initially tried to rally during the course of the session on Tuesday, but fell significantly and broke down below the 1.12 level. This signifies that the EUR/USD pair will more than likely try to...

EUR/USD Forecast May 24, 2016, Technical Analysis

by FX Empire | May 24, 2016 5:13 am
The EUR/USD pair initially tried to go higher on Monday, but turned back around to form a slightly negative candle. The area just below the 1.12 level is massively supportive, and as a result it makes sense...

EURUSD Weekly Analysis – May 22, 2016

by ForexCycle.com | May 22, 2016 8:37 am
EURUSD’s fall from 1.1616 extended to as low as 1.1179. Deeper decline to test the support of the upward price channel on daily chart could be seen next week. As long as the channel support holds, the...

EUR/USD Forecast May 23, 2016, Technical Analysis

by FX Empire | May 22, 2016 5:28 am
The EUR/USD pair found support at the 1.12 level, but did not bounce much. This being the case, we will probably try to grind higher but that’s about all we anticipate. We could go as high as...

EUR/USD Forecast May 20, 2016, Technical Analysis

by FX Empire | May 20, 2016 5:47 am
The EUR/USD pair fell initially on Thursday, but bounced enough to form a hammer. The pair is at the bottom of a longer-term consolidation area, as the 1.12 level looks important. The market could bounce from here...