EURUSD moved sideways in a trading range between 1.2247 and 1.2599. The price action in the range could be treated as consolidation of the downtrend from 1.2867 (Oct 15 high), as long as 1.2599 resistance holds, the...
The EUR/USD pair initially fell during the session on Wednesday, but turned back around to form a relatively positive session. With that, we feel that this market should ultimately find resistance at the 1.25 level, which has...
EURUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.2599 had completed at 1.2247 already. Range trading between 1.2247 and 1.2599 would likely be seen over the next several days.
The EUR/USD pair broke higher during the course of the day on Tuesday, but turned back around and gave up about half of the gains. With that being said, the market looks as if it is one...
EURUSD failed to break above the downward trend line on 4-hour chart, indicating that the pair remains in downtrend from 1.2599, and the rise from 1.2247 could be treated as consolidation of the downtrend. As long as...
The EUR/USD pair initially fell during the session on Monday, but as you can see found support below the 1.23 level enough to turn things back around and form a hammer. That being the case, we feel...
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.2599. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
EURUSD’s downward movement from 1.2599 extended to as low as 1.2271. Further decline could be expected, and next target would be at 1.2000 area. Resistance is now located at the downward trend line on 4-hour chart, only...
After consolidation, EURUSD continued its downward movement from 1.3993, and the fall extended to as low as 1.2271. Further decline could be expected and next target would be at 1.2000 area. Near term resistance is at the...
The EUR/USD pair fell hard during the session on Friday, as the nonfarm payroll number came out much stronger than anticipated. Because of this, we made a fresh low, as the market close to just below the...
