EUR/USD has broken below the lower boundary of the triangle pattern and bounced strongly back inside the triangle yesterday. This could very well be a fake break down to enable traders to set stops. For this scenario to be confirmed we will need to see the price breaking above 1.1415 at least.Red...
Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1348. According to the M15 time – frame, I found that price is trading above the Ichimoku cloud and above the bullish flag, which is a sign that buyers are in control. I also found that triple top (bullish) pattern...
When the European market opens, some economic data will be released such as German Ifo Business Climate. The US will also publish the economic data such as Housing Starts, and Building Permits, so amid the reports, the EUR/USD pair will move in a low to a medium volatility during this day. TODAY'S...
The EUR/USD pair is approaching its resistance at 1.1376 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.1337 (38.2% Fibonacci retracement, horizontal swing low support).Stochastic (55, 5, 3) is...
After Friday's rise to one and a half year highs, the dollar index today slowed down and returned to 96 points. The strengthening of the US currency was due to weak data from China and strong data from the US. However, the dollar rally did not continue due to the upcoming Federal Reserve meeting,...
4-hour timeframe
The amplitude of the last 5 days (high-low): 92p - 94p - 72p - 62p - 95p.
Average amplitude for the last 5 days: 83p (77p).
The EUR/USD currency pair continued its upward movement on Monday, December 17, which started at the end of Friday. Initially, it was interpreted as a...
The fall on last week's stop was due to the fact that the pair has broken the middle move. The downward model remains unfinished, which allows us to consider one of the nearest control zones as resistance. In the fall of the pair, last week's weekly control zone of 1.1320-1.1240 was not reached....
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress.On the Daily chart, the pair has been moving sideways with slight bearish tendency. Recent bearish consolidations have been maintained...
Overview: The EUR/USD pair fell from the level of 1.1338 towards 1.1265. Now, the price is set at 1.1330. The resistance is seen at the level of 1.1338 and 1.1390. Moreover, the price area of 1.1390/1.1338 remains a significant resistance zone. Therefore, there is a possibility that the EUR/USD...
EUR/USD broke out and below the triangle pattern last week. This was a bearish sign. Price is bouncing and could make a back test of the lower triangle boundary early this week. A rejection at the lower triangle boundary would be another bearish sign that would make me expect price to move towards...
