EUR/USD Forecast May 21, 2014, Technical Analysis
The EUR/USD pair fell during the bulk of the session on Tuesday, dipping below the 1.37 level yet again. However, by the end of the day we did in fact form a bit of a hammer, and...
Tag: EURUSD
EUR/USD Forecast May 20, 2014, Technical Analysis
The EUR/USD pair tried to rally during the session on Monday, as the 1.37 level of course offered significant support yet again. However, you can see that a lot of selling pressure did in fact enter the...
EURUSD Daily Analysis – May 20, 2014
EURUSD is in consolidation of the downtrend from 1.3993, further rise to 1.3820 area to complete the consolidation would likely be seen over the next several days. Support is at 1.3648, only break below this level could...
EURUSD Daily Analysis – May 19, 2014
EURUSD remains in downtrend from 1.3993, the rise from 1.3648 could be treated as consolidation of the downtrend. Resistance is now at 1.3735, as long as this level holds, the downtrend could be expected to continue, and...
EURUSD Weekly Analysis – May 17, 2014
EURUSD remains in uptrend from 1.2747 (Apr 4, 2013 low), the price action from 1.3892 is likely consolidation of the uptrend. Range trading between 1.3477 and 1.3993 would likely be seen over the next several weeks. Key...
EUR/USD Forecast May 19, 2014, Technical Analysis
The EUR/USD pair fell during the session on Friday, but as you can see found the 1.37 level to be supportive again. Because of this, we feel that ultimately this market is probably getting ready to bounce,...
EUR/USD Forecast May 16, 2014, Technical Analysis
The EUR/USD pair fell hard during the session on Thursday, breaking well below the 1.37 level, but part of this would’ve been based upon news headlines coming out of Spain that the European Central Bank might bring...
EURUSD Daily Analysis – May 16, 2014
EURUSD’s downward movement from 1.3993 extended to as low as 1.3648. Further decline is still possible, and next target would be at 1.3600 area. Resistance is at 1.3735, only break above this level will indicate that consolidation...
EUR/USD Forecast May 15, 2014, Technical Analysis
The EUR/USD pair initially tried to rally, but Wednesday action sell the market fall down to the 1.37 level. This of course is a fairly weak looking candle as it is a shooting star. A break below...
EURUSD Daily Analysis – May 15, 2014
EURUSD remains in downtrend from 1.3993, the rise from 1.3689 is likely consolidation of the downtrend. Range trading between 1.3689 and 1.3774 is possible in a couple of days. Resistance is at 1.3774, as long as this...