EURUSD’s upward movement from 1.3512 extended to as high as 1.3643. Further rise to test 1.3676 resistance could be expected, a break above this level will conform that the downtrend from 1.3993 (May 8 high) had completed...
The EUR/USD pair rose during the course of the session on Wednesday, but stays within the consolidation area that we’ve seen for some time. Because of this, it appears that the market should continue to bounce around...
EURUSD broke above 1.3586 resistance, indicating that the downward movement from 1.3676 had completed at 1.3512 already. Further rise could be expected and next target would be at 1.3650 area. Support is at 1.3535, only break below...
The EUR/USD pair fell during the course of the session on Tuesday, continuing the sideways consolidation area that we have been in for several days. The 1.35 level continues to be very supportive, so that being the...
EURUSD remains in downtrend from 1.3676, the range trading between 1.3512 and 1.3586 is likely consolidation of the downtrend. Another fall to test 1.3502 support could be expected, a breakdown below this level will signal resumption of...
The EUR/USD pair initially fell during the course of the session on Monday, but found support near the 1.35 level yet again. This area continues to bring in buyers, and as a result we feel that the...
EURUSD broke above 1.3578 resistance, indicating that the downward movement from 1.3676 had completed at 1.3512 already. Further rise could be expected, and next target would be at 1.3650 area. Support is at 1.3512, only break below...
EURUSD stays in a trading range between 1.3512 and 1.3578. Another fall to test 1.3502 support would likely be seen, a breakdown below this level will indicate that the downtrend from 1.3993 has resumed, then next target...
On Thursday forex traders were delivered a rather big disappointment as far as US advanced retail sales are concerned. The release on Thursday covered the month of May and economists expected an increase of 0.6%. Retail sales...
EURUSD is testing 1.3477 key support, a breakdown below this level will indicate that the uptrend from 1.2747 (Apr 4, 2013 low) had completed at 1.3993 already, then the following downward movement could bring price to 1.1500...
