Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency within the depicted bearish Channel (In RED).On November 13, the EUR/USD pair demonstrated recent bullish recovery around 1.1220-1.1250 where the current bullish movement above the depicted short-term bullish...
To open long positions on EURUSD you need:
The euro recovered yesterday following the release of weak US statistics, the next series of which is scheduled for the afternoon today. Currently, euro buyers need a breakthrough and consolidation above the middle of the side channel of 1.1299, which will...
Technical analysis of EUR/USD for 15/02/2019Another short-lived bounce was capped at the resistance levelTechnical market overview:The EUR/USD pair has bounced from the support at the level of 1.1249 and then bounced toward the level of 1.1309. Then the market reversed quickly as the bounce was...
EUR/USD made another touch at the important support trend line at 1.1250 and bounced. I continue to expect price to move towards 1.1350-1.14 area for a lower high. Trend remains bearish but in the short-term I expect a bounce.Red line - important resistance trend lineGreen line - important support...
When the European market opens, some Economic Data willWhen the European market opens, some economic data will be released such as Trade Balance and Italian Trade Balance. The US will also publish the economic data such as TIC Long-Term Purchases, Prelim UoM Inflation Expectations, Prelim UoM...
4-hour timeframe
The amplitude of the last 5 days (high-low): 44p - 30p - 63p - 82p - 82p.
Average amplitude for the last 5 days: 60p (54p).
The EUR/USD currency pair began a new round of upward movement on Thursday, February 14. We can say that the European currency is luck for the day. First,...
Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency within the depicted bearish Channel (In RED).On November 13, the EUR/USD pair demonstrated recent bullish recovery around 1.1220-1.1250 where the current bullish movement above the depicted short-term bullish...
EUR/USD made a sharp reversal lower yesterday to new lows at 1.1250. Despite the new low, RSI did not confirm it providing another bullish divergence. I continue to expect price to move towards our short-term bounce targets.Black lines - bullish divergenceBlack rectangles - bounce targetsRed line -...
Technical analysis of EUR/USD for 14/02/2019The correction was a short-lived bounce and new low was made alreadyTechnical market overview:The EUR/USD pair has bounced from the support at the level of 1.1258 and then tested the local technical resistnace at the level of 1.1341. Then the market...
When the European market opens, some economic data will be released such as Flash Employment Change q/q, Flash GDP q/q, German WPI m/m, and German Prelim GDP q/q. The US will also publish the economic data such as Natural Gas Storage, Business Inventories m/m, Unemployment Claims, Core PPI m/m,...
