EUR/USD has been trading downwards today as we predicted yesterday. The price tested the level of 1.12318. Strong downward movement is present and our advice is to watch for any rally for selling opportunities.Blue rectangle - horizontal support 1 (1.1210) Pink rectangle- horizontal support 2...
EUR/USD
Within the framework of the short-term trend dominating the bullish wave since May 23, a correction zigzag is formed on the euro chart throughout the current week. Quotes have reached the level of the minimum elongation. The proportions of the entire parts are met, but the signals for...
Overview: The EUR/USD pair is set above strong support at the levels of 1.1301 and 1.1259. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 1.1259, because the trend is still showing strength above it. Accordingly, the pair is still in...
EUR/USD – 4H.
As seen on the 4-hour chart, the EUR/USD pair continues the process of falling and performed a consolidation under the correction level of 50.0% (1.1277). As a result, the fall of quotations can be continued on June 14 in the direction of the next correction level of 38.2% (1.1238)....
When the European market opens, some economic data will be released such as French Final CPI m/m. The US will release a batch of macroeconomic reports such as Prelim UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, Industrial Production m/m,Capacity Utilization...
Since January 19th, the EURUSD pair has been moving within the depicted channel with slight bearish tendency.Short-term outlook turned to become bearish towards 1.1175 (a previous weekly bottom which has been holding prices above for some time.On the period between May 17th and 20th, a bearish...
To open long positions on EURUSD you need:
In the course of yesterday, resistance was formed in the area of 1.1284, around which the entire emphasis will now be in the morning. Consolidating at this level will allow euro buyers to rely on a larger upward correction in the area of 1.1310 while...
Technical Market Overview:The EUR/USD pair has made another lower low on its way down at the level of 1.1268. The volatility is very limited as the price moves do not have a decent range, but the momentum is clearly below the neutral level and is pointing down, so the next target for bears is seen...
The euro paired with the dollar loses the positions it won in recent days. Buyers of eur/usd could not consolidate within the 13th figure, after which the pair headed towards the main support level of 1.1220 (the lower boundary of the Kumo cloud on the daily chart, coinciding with the bottom line...
4-hour timeframe
The amplitude of the last 5 days (high-low): 108p - 97p - 41p - 37p - 61p.
Average amplitude for the last 5 days: 69p (74p).
The penultimate trading day of the week for the EUR/USD pair is in a downward movement, but in a rather weak one. The only important macroeconomic...
