Hello fellow traders. Another instrument that we have been trading lately is EURUSD. In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURUSD, published in members area of the...
EURUSD failed to breakout of 1.1500 resistance and stayed in a trading range between 1.1215 and 1.1500. As long as 1.1500 resistance holds, the price action in the trading range could be treated as consolidation for the...
EURUSD broke above 1.1400 resistance, suggesting that the short term downtrend from 1.1496 had completed at 1.1303 already. Another rise towards 1.1500 could be expected in the coming days. Support is now at 1.1303, below this level...
EURUSD is now in downtrend from 1.1496, further decline is still possible and next target would be at 1.1200 area. Near term resistance is at 1.1400, only a break of this level could trigger another rise towards...
EURUSD is facing 1.1485 resistance, a breakout of this level could trigger further upside movement to 1.1700 area. Near term support is at 1.1400, below this level could bring the price back to next support level at...
EURUSD is facing 1.1500 resistance, a breakout of this level could trigger further upside movement to 1.1700 area. On the downside, as long as 1.1500 resistance holds, the sideways movement in the trading range between 1.1215 and...
EURUSD remains in the downtrend from 1.1485, the bounce from 1.1342 is likely correction for the downtrend. Another fall towards 1.1267 support is still possible after the correction. Resistance is at 1.1485, only break above this level...
EURUSD is now in the downtrend from 1.1485, further decline could be expected in the coming days and next target would be at 1.1267 support. Resistance is at 1.1420, only break above this level could trigger another...
EURUSD pulled back from 1.1485 and broke below the bullish trend line on the 4-hour chart, suggesting that the uptrend from 1.1269 had completed. Another fall towards 1.1200 could be expected in the coming days. Resistance is...
EURUSD failed to break above 1.1500 resistance and stayed in a trading range between 1.1215 and 1.1500. The price action in the range is likely consolidation for the downtrend from 1.1815, a breakdown below 1.1215 support could...
