EURUSD remains in downtrend from 1.3993, the rise from 1.2500 is likely consolidation of the downtrend. Near term resistance is located at the upper line of the price channel on daily chart, as long as the channel...
The EUR/USD pair fell during the course of the day on Friday, continuing the bearish pressure that we have seen for quite some time. The market tested the 1.26 level for support, and did find a slight...
The EUR/USD pair initially rallied during the course of the day on Thursday, testing the 1.28 resistance barrier. We eventually sold off from there, and then turned back around to form a very negative looking candle. Because...
EURUSD seems to have capped off its selloff, as price is now retreating from the 1.2500 levels to the 1.2700 area. The pair got a boost from a dovish FOMC minutes, which indicated that the Fed isn’t...
EURUSD broke above 1.2698 resistance, indicating that the downtrend from 1.2994 had completed at 1.2500 already. Further rally would likely be seen, and the target would be at 1.2850 area. Support is at 1.2600, only break below...
EURUSD is facing 1.2698 resistance, a break of this level will indicate that the downtrend from 1.2994 had completed at 1.2500 already, then further rise to 1.2850 area could be seen. On the downside, as long as...
The EUR/USD pair broke higher during the course of the day on Monday, testing the 1.2650 region. With that, it appears that the market is running into significant resistance, and as a result the market will more...
EURUSD has been moving in a downtrend for quite some time, forming a descending trend line in connecting the recent highs. The pair has bounced off the 1.2500 major psychological support level and pulled up to the...
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.2994 is underway. Range trading between 1.2500 and 1.2698 would likely be seen in a couple of days. As long...
After consolidation, EURUSD continued its downward movement from 1.2994, and the fall extended to as low as 1.2500. Near term resistance is located at the downward trend line on 4-hour chart, as long as the trend line...
