EURUSD is facing the channel resistance again. A clear break above the upper line of the channel will indicate that the downtrend from 1.3892 (Dec 27, 2013 high) had completed at 1.3477 already, then the following upward...
EURUSD failed to break above the upper line of the price channel on 4-hour chart, and pulled back from 1.3682, suggesting that the upward movement from 1.3477 is complete. Further decline could be expected in a couple...
The EUR/USD pair fell during the session on Wednesday, breaking the bottom of the shooting star that had formed on Tuesday. That being the case, we dipped below the 1.36 level, but bounced a little bit off...
The EUR/USD pair tried to rally during the session on Tuesday, but as you can see the market failed to hang onto the gains and ended up forming a shooting star at the 1.3650 level. With that,...
EURUSD is facing the resistance of the upper line of the price channel. As long as the channel resistance holds, the rise from 1.3477 could be treated as consolidation of the downtrend from 1.3892 (Dec 27, 2013...
The EUR/USD pair rose during the session albeit slightly on Monday. We think this market continues to go higher but should have quite a bit of resistance just above. With that, we don’t feel that it’s prudent...
EURUSD’s rise from 1.3477 extended to as high as 1.3642. The uptrend could be expected to continue, and the target would be at the upper line of the price channel on 4-hour chart. However, the rise would...
EURUSD moved sideways in a range between 1.3296 and 1.3892. As long as 1.3296 support holds, the price action from 1.3832 could be treated as consolidation of the uptrend from 1.2747 (Apr 4, 2013 low), one more...
The EUR/USD pair initially fell during the session on Friday, but as you can see bounced high enough to form a relatively strong looking hammer. Granted, it’s not a perfect hammer, but it is enough to make...
EURUSD broke above 1.3570 resistance, indicating that the downward movement from 1.3739 had completed. Further rise would likely be seen, and next target would be at 1.3700 area. Support is at 1.3550, only break below this level...
