EUR/USD is currently testing the 1.3000 major psychological area, as the path of least resistance is downwards. After all, fundamentals in the euro zone remain very weak as the region grapples with several financial and economic challenges.
The EUR/USD fell during the session on Monday, but found enough support to bounce back up and form a hammer. This hammer suggests that we are going to continue to bounce around the 1.31 handle, and as...
EURUSD is in uptrend from 1.2747, the fall from 1.3200 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 1.3400 area. Support levels are at 1.2900 and...
The EUR/USD pair tried to rally during the session on Thursday, but as you can see the 1.31 handle is far too much for the buyers, and we pulled back 50 pips towards the end of the...
The EUR/USD pair broke above the 1.31 level during the session on Tuesday, showing strength as we closed towards very top of the candle. However, we did not get above the 1.32 level, an area that we’ve...
The EUR/USD pair fell during the session on Monday, as the “risk off” attitude came back into the marketplace. The 1.31 level offered resistance as we had suspected it would, but you can see that the 1.30...
EUR/USD has been having a difficult time breaking past the 1.3100 major psychological resistance level. After all, this area has served as support and resistance in the past as plenty of buyers and sellers are keeping a...
EURUSD’s upward movement from 1.2747 extends to as high as 1.3138, suggesting that a cycle bottom had been formed on daily chart, and the downward movement from 1.3711 had completed. Further rise could be expected, and next...
The EUR/USD pair fell during the Friday session, and as a result it is most of the day below the 1.31 level. However, this bounce that we saw late in the day formed a hammer above the...
The EUR/USD pair had a positive session on Thursday, but as you will notice on the chart managed to struggle once it got above the 1.31 handle. We had mentioned recently that this level could be trouble...
