EUR/USD Forecast August 20, 2013, Technical Analysis
The EUR/USD tried to rally during the session on Monday, but as you can see gave up most of the gains as we reach towards the 1.34 level. Because of this, it shows is that this market...
Tag: EURUSD
EURUSD Analysis – August 18, 2013
EURUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.2756. As long as the channel support holds, the uptrend could be expected to continue, and further rise to 1.3500 area would...
EUR/USD Forecast August 19, 2013, Technical Analysis
The EUR/USD pair did very little during the session on Friday, but what’s interesting is that we formed a neutral candle just underneath the 1.34 handle. Remember, we have been talking about how 1.34 is significant in...
EUR/USD Forecast August 16, 2013, Technical Analysis
The EUR/USD pair fell at first on Thursday, but bounced hard in order to form a massive green candle. The 1.34 level above is the resistance area we need to close above in order to start buying,...
EUR/USD Forecast August 14, 2013, Technical Analysis
The EUR/USD pair fell during the session on Tuesday, but as you can see found enough support to bounce a bit towards the end of the day. There is plenty of support below, and until we get...
EUR/USD Forecast August 13, 2013, Technical Analysis
The EUR/USD pair fell during the session on Monday, as we sliced through the 1.33 handle. However, you can see that there is a significant amount of support below there, so the buyers may step in and...
EURUSD Analysis – August 10, 2013
EURUSD is facing 1.3415 resistance, as long as this level holds, the price action from 1.2747 could be treated as consolidation of the downtrend from 1.3711, one more fall towards 1.2500 could be expected after consolidation.
EUR/USD Forecast August 12, 2013, Technical Analysis
The EUR/USD pair fell during the session on Friday, completing a bounce off of the downtrend line that is the top of the descending triangle that we have been in. That being the case, we feel that...
EUR/USD Forecast August 8, 2013, Technical Analysis
The EUR/USD pair fell initially during the session on Wednesday, but as you can see found enough support in order to form a hammer. This hammer was pressing up against the downtrend line of a larger descending...
EUR/USD Forecast August 7, 2013, Technical Analysis
The EUR/USD pair rose during the session on Tuesday, but as you can see it still remains below the downtrend line that forms the greater descending triangle. Because of this, we are not buying this pair, but...