Back in June 24, the EURUSD looked overbought around 1.1400 facing a confluence of supply levels.In the period between 8 - 22 July, sideway consolidation-range was established between 1.1200 - 1.1275 until a triple-top reversal pattern was demonstrated around the upper limit.Shortly after, evident...
EUR/USD has been trading downwards, exactly what I expected yesterday. EUR is in strong downward trend and there is potential for more downside and potential test of key swing low at 1.1030.Green rectangles – Balance boundaries Blue rectangle – Resistance (1.1130)Blue rectangle – Resistance 2...
EUR/USD
In the short term, the trend direction on the euro chart is set by the bullish wave of August 1. In its framework, a downward correction has been developing since the 6th, which has received lengthening in recent days. At the time of analysis, the price is next to the support. The structure...
On Thursday, the single European currency experienced a real shock. The reason for which was the statement by the ECB representative of the Central Bank of Finland, Ren. In his speech, he actually announced a new incentive program from the European regulator, which will provide for a reduction in...
EUR/USD – 4H.
As seen on the 4-hour chart, the EUR/USD pair continues the process of falling and closed below the correction level of 100.0% (1.1107). As a result, on August 16, the fall of quotations can be continued in the direction of the next correction level of 127.2% (1.1025). The indicators...
4-hour timeframe
Technical data:
The upper linear regression channel: direction – down.
The lower linear regression channel: direction – sideways.
The moving average (20; smoothed) – down.
CCI: -168.4492
On August 16, the EUR/USD pair calmly continues its downward movement in the direction of...
Technical Market Overview:The EUR/USD pair has moved below the 61% Fibonacci retracement that is located at the level of 1.1111 and the new low was made at the level of 1.1086 (at the time of writing). This is the ultimate clue that the bullish flag pattern has been ignored and the bears want to...
Thursday's macroeconomic reporting included statistics on retail sales in the United States, which certainly supported interest in the US currency. The volume of retail sales in monthly terms increased by 0.7%, indicators for June were revised for the worse 0.4% ----> 0.3%. It is worth...
EUR/USD
The main news yesterday was the release of excellent US retail performance in July. Base sales increased 1.0%, total sales increased 0.7%. An hour later, data on industrial production came out worse than forecast, but the euro could no longer resist a decline. Industrial production in...
When the European market opens, some economic data will be released such as Trade Balance. The US will also publish the economic data such as Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Housing Starts, and Building Permits, so amid the reports, the EUR/USD pair will move with...
