EUR/USD Forecast August 5, 2014, Technical Analysis
The EUR/USD pair initially fell during the course of the day on Monday, but as you can see we bounced slightly in order to form a bit of a hammer. However, the range was very tight, and...
Tag: EURUSD
EURUSD Daily Analysis – August 5, 2014
EURUSD remains in downtrend from 1.3700, the rise from 1.3366 could be treated as consolidation of the downtrend. Range trading between 1.3366 and 1.3470 is possible in a couple of days. Resistance is at 1.3470, as long...
EURUSD Daily Analysis – August 4, 2014
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.3700 is underway. Range trading between 1.3366 and 1.3470 would likely be seen in a couple of days. Resistance is...
EURUSD Weekly Analysis – August 3, 2014
EURUSD’s downward movement from 1.3993 extended to as low as 1.3366. Further decline could be expected after a minor consolidation, and next target would be at 1.3000 area. Resistance is at 1.3550, only break above this level...
EUR/USD Forecast August 4, 2014, Technical Analysis
The EUR/USD pair went higher during the course of the day on Friday, as the nonfarm payroll numbers missed just slightly. That being the case, the fact that we had to hammers previously suggests that the market...
EUR/USD Forecast August 1, 2014, Technical Analysis
The EUR/USD pair fell during the course of the day on Thursday, but as you can see found enough support below in order to bounce and form a little bit of a hammer. This is the second...
EURUSD Daily Analysis – August 1, 2014
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3650. As long as the trend line resistance holds, further decline could be expected after a minor consolidation, and next target would...
Will US NFP Disappoint Tomorrow? – Paxforex
Forex traders will get July’s non-farm payroll report tomorrow and expectations call for a headline figure of 231,000 new jobs while the unemployment rate is expected to remain unchanged at 6.1%. Many new traders are focused on...
EUR/USD Forecast July 31, 2014, Technical Analysis
EUR/USD pair did fall during the course of the day on Wednesday, but bounce significantly in order to form a bit of a hammer. We continue to hang about the 1.34 level, and ultimately we believe that...
EURUSD Daily Analysis – July 31, 2014
EURUSD remains in downtrend from 1.3650, the rise from 1.3366 is likely consolidation of the downtrend. Initial resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend...