EURUSD broke above 1.0700 resistance, indicating that the downtrend from 1.1450 had completed at 1.0462 already. However, the rise from 1.0462 would possibly be consolidation of the long term downtrend from 1.3993 (May 8, 2014 high), range...
The EUR/USD pair tried to break out to the upside during the session on Tuesday, but ran into a significant amount of resistance above the 1.06 level. Because of this, the market ended up falling and forming...
EURUSD remains in downtrend from 1.1450, the rise from 1.0462 is likely consolidation of the downtrend. Range trading between 1.0462 and 1.0700 is possible in a couple of days. As long as 1.0700 resistance holds, the downtrend...
The EUR/USD pair rose during the session on Monday, but then struggled at the 1.06 handle. With that being the case, the market looks as if it’s ready to continue going lower, but we also recognize that...
EURUSD has been treading lower across all time frames but it seems that a short-term reversal might take place. On its 1-hour chart, the pair has formed a double bottom pattern, indicating that the downtrend could turn....
EURUSD’s downward movement from 1.1450 extended to as low as 1.0462. Further decline could be expected, and next target would be at 1.0200 area. Resistance is at 1.0700, only break above this level could signal completion of...
EURUSD’s downward movement from 1.3993 (May 8, 2014 high) extended to as low as 1.0462. Further decline could be expected after a minor consolidation and next target would be at 1.0000 area. Resistance is now at 1.1000,...
The EUR/USD pair fell during the session on Friday, testing the 1.05 level yet again. This is an area that has been supportive over the last couple of sessions, but ultimately we believe that this market is...
The EUR/USD pair broke higher during the session on Thursday, using the 1.05 level as a springboard. We ultimately believe that the market will sell off again, and about the 1.05 level is minor support at best....
EURUSD remains in downtrend from 1.1450, the rise from 1.0494 is likely consolidation of the downtrend. Resistance is at 1.0700, as long as this level holds, the downtrend could be expected to continue, and next target would...
