EURUSD The pair is fluctuating within the narrow range yesterday and gradually nearing the retesting level for the previously broken support that has currently turned into resistance at 1.2010. Stochastic started to turn negative and thereby encouraging us to...
EURUSD The pair moved upwards to retest 1.2040 shown in our weekly report. Our previous expectations will remain intact in the overall predicted bearish direction today; targets start at 1.1900 and require four-hour closing below 1.2040 to...
EURUSD: We discussed the EUR on Friday and mentioned that Support and Resistance traders would be looking for an opportunity to go long if there was a bounce off Support. An entry did not materialize but if...
EURUSD The pair moved to the downside,breaching the support levels for the main descending channel due to the effect of the breach of the bearish technical pattern’s neckline at 1.2140, which will cause a quick bearish trend. Some...
EUR/USD Open 1.1886 High 1.2210 Low 1.1878 Close 1.1968On Friday Euro/Dollar traded with a slight increase at first, later in the day collapsed under 1.2 on Hungary issues and good US payrolls data.
EURUSD continues its downward movement and the fall from 1.5144 extends to as low as 1.1955 level. Resistance is now at 1.2330, as long as this level holds, downtrend could be expected to continue and deeper decline...
EURUSD The pair touched the awaited level from this morning at 1.2215, where it started attacking the pivotal support at 1.2175; therefore, the suggested morning scenario will be activated since we have not witnessed a clear breach...
EURUSD The 50 MA stood as a strong barrier in front of the pair’s attempts to ascend so it may sharply drop towards the pivotal 1.2175. Trading is within the bearish technical pattern, which makes us expect a...
UR/USD Open 1.2170 High 1.2319 Low 1.2152 Close 1.2160On Thursday Euro/Dollar traded with a slight increase at first, later in the day recorded significant decrease, but not below week’s low. Euro/Dollar depreciated from 1.2319 to 1.2152 yesterday,...
EURUSD The pair set a four-hour closing above the awaited morning resistance at 1.2290; therefore activating the suggested morning scenario, although the affect of the 50 MA and Stochastic’s negativit y has pushed the pair to move...
