EURUSD broke below 1.1087 support, indicating that the downtrend from 1.1713 had resumed. Further decline could be expected over the next several weeks, and next target would be at 1.0600 area. Resistance levels are at 1.1250 and...
The EUR/USD pair fell again during the session on Friday, as we continue to plunge towards the uptrend line that had been the bottom of the ascending triangle. The 1.10 level has been important time and time...
EURUSD had been trading inside an ascending triangle chart pattern since the start of the year, as price formed higher lows and found resistance near the 1.1500 major psychological level. However, the latest ECB statement triggered a...
The EUR/USD pair fell apart during the course of the session on Thursday, as the European Central Bank suggests that more stimulus was coming. Because of this, we are testing the 1.11 level, which of course should...
The EUR/USD pair went back and forth during the day on Wednesday as we continue to see quite a bit of volatility. This is not a surprise though, we have an interest rate announcement coming out of...
The EUR/USD pair initially tried to rally during the course of the session on Tuesday, but turned back around and formed a bit of a neutral candle. Yes, the candle is shaped a bit like a shooting...
EURUSD has been trending higher on its short-term time frames but a look at the daily chart reveals that the pair is still consolidating inside an ascending triangle pattern. The resistance around the 1.1500 major psychological held...
The EUR/USD pair fell during the day on Monday, as we continue to see quite a bit of volatility in this pair. We did pullback, but that’s not a huge surprise considering that the 1.15 level above...
EURUSD is in a steady uptrend on its 1-hour time frame and is currently pulling back from the climb. Using the Fibonacci retracement tool on the latest swing high and low reveals that the pair is currently...
EURUSD remains in short term downtrend from 1.1713, the rise from 1.1087 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.0600 area. Resistance levels are at...
