On March 20, the EURUSD pair has expressed remarkable bullish recovery around the established bottom around 1.0650.Shortly after, a sideway consolidation range was established in the price range extending between 1.0770 - 1.1000.On May 14, evident signs of Bullish rejection as well as a recent...
The EURUSD pair has been moving-up since the pair has initiated the depicted uptrend line on May 25.On June 11, a major resistance level was formed around 1.1400 which prevented further upside movement for some time and forced the pair to have a downside pause.Recently, the EURUSD demonstrated an...
EUR / USD
On August 5, the EUR/USD pair gained about 60 pips and presumably completed the construction of wave 5 at 5 at C at B, since the quotes began to move away from the previously reached highs already today, and the current wave counting took a fully completed form. If this assumption...
Comments by BOE governor, Andrew Bailey We are not taking a strong signal from the recovery so far for what happens next We could do more QE, new forms of forward guidance Risks are skewed to the downside Further stimulus would depend on downside risks coming to fruition Faster economic data gives...
To open long positions on EURUSD, you need:
In the first half of the day, I paid attention to the high probability of short positions in the resistance area of 1.1906 and recommended selling the euro from there when forming a false breakout, which happened. If you look at the 5-minute chart, you...
EUR/USD has failed to make another higher high and now it seems a little heavy. The bullish outlook is intact as long as the pair stays above the 1.18 psychological level. EUR/USD has developed a double top pattern, while the USDX a double bottom formation, but these reversal patterns are far from...
The three leading countries, United States, Brazil and India, now record 55 thousand new cases a day, and deaths of about 1,300 a day. If we total all their cases together, it will add up to 50% of all cases in the world.Meanwhile in Europe, a surge in infections is observed in some countries, but...
The EUR/USD currency pair managed to recover from the corrective move 1.1908 ---> 1.196, where the July 31 high no longer plays a major role in the market.
The recovery of the European currency rate was as fast as the correction itself, which suggests that speculative excitement is of great...
Technical analysis recommendations for EUR/USD and GBP/USD on August 6
EUR / USD
After several days of correction to the increase in attempted recovery of the upward trend. The maximum was updated, but it is too early to talk about the result, it should be formed. A secure anchorage above...
Even forecasts for all the data published yesterday indicated that the correction in the currency market will have to wait a little while and while the dollar will continue to lose its position. This is what happened, although absolutely all published macroeconomic indicators did not coincide with...
