EUR/USD Forecast May 7, 2013, Technical Analysis
The EUR/USD pair fell during the session on Monday, but as you can see bounced of the 200 day moving average. The 200 day EMA has been flat for some time, and as a result trend traders...
Tag: EURUSD
EURUSD Analysis – May 5, 2013
EURUSD stays in a trading range between 1.2955 and 1.3242. As long as 1.2955 support holds, the price action in the range is treated as consolidation of the uptrend from 1.2747, another rise towards 1.3500 could be...
EUR/USD Forecast May 6, 2013, Technical Analysis
The EUR/USD pair went back and forth during the session as you would expect on a nonfarm payroll Friday, it ended the day slightly positive. The market did close above the 1.31 handle, and in and of...
EUR/USD Forecast May 3, 2013, Technical Analysis
The EUR/USD pair fell significantly during the session on Thursday after the rate cut coming out of the European Central Bank. Looking at this, you can see that the shooting star on Wednesday signaled that we could...
EUR/USD Forecast May 1, 2013, Technical Analysis
The EUR/USD pair rose during the session on Tuesday, showing underlying strength as we approach the 1.32 level. The market has been bouncing around in the general vicinity of 1.30 – 1.32 for some time now, and...
EURUSD Analysis – April 27, 2013
EURUSD is in uptrend from 1.2747, the fall from 1.3200 is treated as consolidation of the uptrend. Initial support is at 1.2900, as long as this level holds, the uptrend could be expected to resume, and another...
EUR/USD Forecast April 29, 2013, Technical Analysis
The EUR/USD pair rallied during the session on Friday, reinforcing the idea of the 1.30 support level. However, the candle from Thursday is a big wicked looking shooting star, so simply put – this pair looks confused.
EUR/USD Forecast April 26, 2013, Technical Analysis
The EUR/USD pair rallied during the session on Thursday, but as you can see gave back all of the gains in order to form a shooting star. While this would normally be enough to get us selling,...
EUR/USD Forecast April 25, 2013, Technical Analysis
The EUR/USD pair fell during much of the session on Wednesday, but as you can see bounced enough to form a decent looking hammer and close above the 1.30 level.
EUR/USD Forecast April 24, 2013, Technical Analysis
The EUR/USD pair fell during most of the session on Tuesday, piercing the 1.30 level. This area has been the bottom of the recent consolidation, and as a result we feel that this market may simply continue...