EURUSD Analysis – May 25, 2013
EURUSD is facing 1.2747 support, a breakdown below this level will indicate that the downtrend from 1.3711 has resumed, then deeper decline to 1.2250 area could be seen.
Tag: EURUSD
EUR/USD Forecast May 27, 2013, Technical Analysis
The EUR/USD pair tried to rally during the session on Friday, as the 1.30 level was hit during the day. This level offered enough resistance in order to see the market fall back down and form a...
EUR/USD Forecast May 24, 2013, Technical Analysis
The EUR/USD pair ripped to the upside on Thursday, breaking above the 1.29 handle again. However, we had anticipated that this market will simply going to bounce around between the 1.28 handle on the downside, and the...
EUR/USD Forecast May 23, 2013, Technical Analysis
The EUR/USD pair initially rallied during the Wednesday session, but as you can see the 1.30 level brought out a lot of sellers, and we close much lower. This massive shooting star of course suggests significant weakness,...
EUR/USD Forecast May 22, 2013, Technical Analysis
The EUR/USD pair went back and forth during the session on Tuesday, essentially forming a hammer at the end of the day. The hammer sits on the 1.29 level at the moment, so this does suggest that...
EUR/USD Ready for a Major Correction? (May 22, 2013)
EUR/USD seems to be rebounding from its recent lows nicely as the pair is edged back abve the 1.2900 major psychological level. It’s just a few more pips away from the 38.2% Fibonacci retracement level, which could...
EUR/USD Forecast May 21, 2013, Technical Analysis
The EUR/USD pair had a fairly strong showing during the session on Monday, as we bounced from the 1.28 support region. Because of this, we may see a bit of strength in the Euro going forward, but...
EURUSD Analysis – May 18, 2013
EURUSD is facing 1.2747 support, as long as this level holds, the fall from 1.3242 could be treated as correction of the uptrend from 1.2747, another rise to 1.3500 area is still possible after correction.
EUR/USD Forecast May 20, 2013, Technical Analysis
The EUR/USD pair fell during the session on Friday, breaking the bottom of the extremely long legged doji that had formed during the Thursday session. That being the case, this of course brought in more sellers into...
EUR/USD Forecast May 17, 2013, Technical Analysis
The EUR/USD pair went back and forth during the session on Thursday, essentially getting nowhere in the end. It is very neutral candle looks like it’s trying to signal that the market is confused down here, and...