EURUSDThe pair inclined sharply, breaching the pivotal resistance of 1.2330 but couldn’t stabilize above it fro long time. The resistance line of the major descending channel is currently valued at 1.2435 represent the technical objective of the...
EUR/USD Open 1.2318 High 1.2379 Low 1.2261 Close 1.2331After partial downward correction, as expected, on Thursday Euro/Dollar recorded insignificant further recovering. The European currency first fropped to 1.2261, from where it appreciated 1.2379 yesterday, in line with...
EURUSD The pair has been moving to the downside since this morning due to the effect of the strength from the pivotal resistance at 1.2330 that is currently forming resistance for the bearish channel that seems to...
EURUSD The pair has attempted to breach pivotal support 1.2240, but was not able to build a base below it to push to the upside to achieve yesterday’s awaited targets flawlessly, as it currently stabilizes at the...
EUR/USD Open 1.2318 High 1.2351 Low 1.2214 Close 1.2309After partial downward correction, on Wednesday Euro/Dollar continued recovering. The European currency appreciated from 1.2214 to 1.2329 yesterday, in converse with the Interbank sentiment projection, at around -0.7%, closing...
EURUSD The pair neared the awaited pivotal resistance at 1.2330, yet still struggling to stabilize above the 50 MA. The suggested morning scenario remains intact, yet we again point out to the signs of an expected bearish...
EURUSD The pair touched 1.2240 – 38.2% Fibonacci correctional level– ,moving according to the suggested midday scenario yesterday on its way to complete forming the bearish technical pattern shown below. We currently await some upside movement; targeting 1.2330 –...
EUR/USD Open 1.2272 High 1.2344 Low 1.2247 Close 1.2266On Tuesday Euro/Dollar continued correcting downwards. The European currency depreciated from 1.2344 to 1.2256 yesterday, in line with the Interbank sentiment projection, at around -0.5%, closing the day at...
EURUSD The pair is negatively pressuring pivotal support mentioned this morning at 1.2280; whereas we see the possibility of a bearish technical pattern appearing on the four hour chart below.
EURUSD The negative pressure on the pair yesterday has caused the breach of pivotal support levels starting from the bullish channel and passing by the retest of the previously broken neckline at 1.2330. SMA 50 has stopped the pair’s...
