EUR/USD Forecast December 5, 2014, Technical Analysis
The EUR/USD pair tried to rally during most of the day on Thursday, but as you can see struggled as we get close to the 1.25 handle. Because of this, we did of giving up about half...
Tag: EURUSD
EURUSD Daily Analysis – December 5, 2014
EURUSD remains in downtrend from 1.2867 (Oct 15 high), the rise from 1.2280 is likely consolidation of the downtrend. Key resistance is at 1.2599, as long as this level holds, the downtrend could be expected to resume,...
EUR/USD Forecast December 4, 2014, Technical Analysis
The EUR/USD pair fell hard during the course of the session on Wednesday, as we finally broke down below the 1.2350 level, an area that has been massively supportive recently. That being the case, the market also...
EURUSD Daily Analysis – December 4, 2014
EURUSD broke below 1.2358 support, indicating that the downtrend from 1.2867 (Oct 15 high) has resumed. Further decline could be expected, and next target would be at 1.2000 area. Resistance is at 1.2400, as long as this...
EUR/USD Forecast December 3, 2014, Technical Analysis
The EUR/USD pair fell again during the session on Tuesday, as we continue to grind lower. One thing that we notice is that the highs are getting lower, and we cannot help but notice that there could...
EURUSD Daily Analysis – December 3, 2014
EURUSD is facing 1.2358 support again, a breakdown below this level will signal resumption of the downtrend from 1.2867, then next target would be at 1.2000 area. Resistance is at 1.2460, only break above this level will...
EUR/USD Forecast December 2, 2014, Technical Analysis
The EUR/USD pair went back and forth during the session on Monday, essentially testing the 1.25 level but going nowhere. We think that this market will continue to go lower given enough time, and as a result...
EURUSD Daily Analysis – December 2, 2014
EURUSD continued its sideways movement in a range between 1.2358 and 1.2599. As long as 1.2599 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.2867, one more fall...
EURUSD Daily Analysis – December 1, 2014
EURUSD moved sideways in a trading range between 1.2358 and 1.2599. The price action in the range is likely consolidation of the downtrend from 1.2867, another fall to 1.2000 area is still possible after consolidation. Support is...
EURUSD Weekly Analysis – November 30, 2014
EURUSD moved sideways in a trading range between 1.2357 and 1.2599. As long as the channel resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3993, another fall to...