EURUSD Daily Analysis – May 29, 2018
EURUSD remains in the downtrend from 1.1996. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1500...
Tag: EURUSD
EURUSD Daily Analysis – May 28, 2018
EURUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.1996. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
EURUSD Weekly Analysis – May 27, 2018
EURUSD stays below a falling trend line on its daily chart and remains in the downtrend from 1.2413. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
Elliott Wave Analysis: EURJPY Has a Bearish Sequence
EURJPY short-term Elliott Wave view suggests that the bounce to 5/14 high at 131.38 ended Minor wave B. Down from there, the decline is unfolding as Elliott wave impulsive structure in Minor wave C lower. The internal sub-division of each leg...
EURUSD Daily Analysis – May 25, 2018
EURUSD extended its downside movement from 1.1996 to as low as 1.1675. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the channel resistance holds, the...
EURUSD Daily Analysis – May 24, 2018
EURUSD broke below 1.1716 support and extended its downside movement from 1.1996 to as low as 1.1675. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance...
EURUSD Daily Analysis – May 23, 2018
EURUSD moved sideways in a trading range between 1.1716 and 1.1840. As long as 1.1840 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.1996 and another fall towards...
EURUSD Daily Analysis – May 22, 2018
EURUSD extended its downside movement from 1.1996 to as low as 1.1716. As long as 1.1840 resistance holds, the downtrend could be expected to continue and next target would be at 1.1550 area. On the upside, a...
EURUSD Daily Analysis – May 21, 2018
EURUSD remains in the downtrend from 1.1996. Further decline could be expected after a minor consolidation and next target would be at 1.1700 area. Resistance is at 1.1840, a breakout of this level would suggest that the...
EURUSD Weekly Analysis – May 20, 2018
EURUSD extended its downside movement from 1.2555 to as low as 1.1749. Key resistance is now at 1.1996. As long as this level holds, the downside movement could be expected to continue and next target would be...