4hOn the 4-hour chart, the EUR/USD pair performed fixation above the correction level of 100.0% - 1.1508. Thus, the process of growth of quotations may resume on August 21 towards the next correctional level of 76.4% - 1.1576. Brewing divergences today is not noticeable in any indicator. The pair's...
Daily OutlookIn April 2018, the EUR/USD pair outlook turned to become bearish when the pair pursued trading below the lower limit of the depicted consolidation range (1.2200).The price level of 1.1500 offered temporary bullish recovery towards 1.1830. The EUR/USD bulls failed to pursue towards...
EUR/USD is testing its resistance at 1.1523 (61.8% Fibonacci extension, 61.8% & 50% & 38.2% Fibonacci retracement, horizontal overlap resistance), where a reversal to its support at 1.1400 (61.8% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) has...
As expected EUR/USD has bounced back for a back test at the previous support zone around 1.15. Price is again above 1.15 and challenging the resistance at 1.1520-1.1530. If we are going to see new lows we should expect EUR/USD to get rejected around these levels.Red line - triangle pattern...
Today, both European and the US market will not release Economic Data, so amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1547. Strong Resistance:1.1540. Original Resistance: 1.1529. Inner Sell Area: 1.1518. Target...
Daily OutlookIn April 2018, the EUR/USD pair outlook turned to become bearish when the pair pursued trading below the lower limit of the depicted consolidation range (1.2200).The price level of 1.1500 offered temporary bullish recovery towards 1.1830. The EUR/USD bulls failed to pursue towards...
As we expected, according to our previous analysis, EUR/USD has bounced towards 1.1450 on Friday. EUR/USD is back testing the previous support area at 1.15 which is now resistance. A rejection at current levels will increase the chances of a move to new 2018 lows towards 1.11-1.12.Blue line -...
On Friday, the formation of a reversal pattern occurred, indicating an upward priority that determines the trade direction for today. The growth target is the weekly KZ 1.1503-1.1484.Last week, there was a test of the monthly KZ in August which determined the emergence of large demand. At the end...
EUR/USD has been quite bullish recently after bouncing off the 1.13 support area which is expected to retrace for a short period of time before pushing lower with the bearish trend in the coming days. EURO has been quite positive with the recent economic reports which helped the currency to gain...
When the European market opens, some Economic Data will be released such as German Buba Monthly Report and German PPI m/m. The US will not release any Economic Data'such, so amid the reports, EUR/USD will move in a low to medium volatility during this day.TODAY'S TECHNICAL LEVEL: Breakout BUY...
