EURUSD failed to break above 1.2921 key resistance and stayed in a trading range between 1.2587 and 1.2921. Now the price action in the trading range is treated as consolidation of downtrend from 1.3333, as long as...
EURUSDSMA 50 was able to halt the pair’s upside movement yesterday, where it managed to achieve a daily closing below the pivotal levels of 1.2775. This maintains the suggested bearish direction intact, supported by negative signs appearing on Stochastic.
EURUSDThe pair stabilized trading below 1.2770 – 1.2730 and thereby pointing out that it will resume the bearish short term trend after the temporary ascend that has started on the 24th of last month. Some fluctuation and...
ForexPros Daily Analysis September 07, 2010 Euro Dollar We wondered in yesterday’s report, if the Dollar was able to survive after reaching critical levels at 1.2920 for the EURUSD, and 1.5490 for the GBPUSD. The answer to...
EURUSDhe pair achieved that awaited primary targets around 1.2900 after insuring the bullish technical pattern shown previously, while momentum indicators have entered overbought areas; where we expect some fluctuation and a slant towards some minor bearish correction...
EURUSD: The EUR closed on Friday exactly at near term Resistance, at 1.2894. Obviously a close higher would provide added support to this EUR rally. The EUR has also closed up four consecutive sessions, something it failed...
EURUSD is facing 1.2921 resistance, a break above this level will indicate that a cycle bottom has been formed at 1.2587 already, and the fall from 1.3333 has completed, then range trading between 1.2587 and 1.3333 could...
EURUSDThe pair’s trading between the retested levels at 1.2770 and 61.8% Fibonacci levels at 1.2830 and it found difficulty in breaching due to the negative sings appearing on the four-hour chart momentum indicator.
EURUSD: The EUR has been consolidating below the 50 day moving average, after breaking below it, 2 weeks ago. It seemed unable to sustain a close above 1.27 and it could not close above it’s 100 day...
EURUSDThe pair assured yesterday the forming of a rising technical pattern that was mentioned in our previous reports, but stopped at the 61.8% Fibonacci levels that is forming into a resistance,
