EURUSD Weekly Analysis – June 7, 2014
EURUSD is facing 1.3477 key support, as long as this level holds, the fall from 1.3993 could be treated as consolidation of the uptrend from 1.2747 (Apr 4, 2013 low), one more rise to 1.4500 area is...
Tag: EURUSD
EUR/USD Forecast June 9, 2014, Technical Analysis
The EUR/USD pair fell during the course of the session on Friday after the nonfarm payroll numbers came out. However, as per usual, the nonfarm payroll numbers didn’t really make a huge difference one way or the...
Euro rallies after ECB Cuts – Paxforex
Yesterday the European Central Bank behind President Mario Draghi has failed to accomplish what many have hoped for; a lower Euro. After his press conference during May’s ECB meeting where the central bank did not act Draghi...
EURUSD Daily Analysis – June 6, 2014
EURUSD broke above 1.3668 resistance, indicating that the downtrend from 1.3993 had completed at 1.3502 already. The pair is is now in uptrend, further rise could be expected and next target would be at 1.3750 area. Support...
EUR/USD Forecast June 6, 2014, Technical Analysis
The EUR/USD pair fell during the bulk of the session on Thursday as the Europeans went to negative real interest rates. However, you can see that perhaps the market had already priced this in, and the 1.35...
EUR/USD Forecast June 5, 2014, Technical Analysis
The EUR/USD pair fell during the session on Wednesday, as we simply grind away in the current area while we await whatever it is that the European Central Bank has decided. With that being the case, expect...
EURUSD Daily Analysis – June 5, 2014
EURUSD continued its sideways movement in a range between 1.3586 and 1.3668. As long as 1.3668 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3993, another fall to...
EURUSD Daily Analysis – June 4, 2014
EURUSD moved sideways in a narrow range between 1.3586 and 1.3668. The price action in the range is likely consolidation of the downtrend from 1.3993. As long as 1.3668 resistance holds, the downtrend could be expected to...
EUR/USD Forecast June 4, 2014, Technical Analysis
The EUR/USD pair rose during the course of the day on Tuesday, continuing to consolidate in the general vicinity of the 1.36 handle as we have for several sessions. That being the case, it appears that the...
EUR/USD Forecast June 3, 2014, Technical Analysis
The EUR/USD pair fell during the course of the session on Monday, dipping below the 1.36 level at one point in time. The market looks like it’s ready to continue going lower, perhaps down to the 1.35...