On January 10th, the market initiated the depicted bearish channel around 1.1570.Since then, the EURUSD pair has been moving within the depicted channel with slight bearish tendency.On March 7th, recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant...
Overview: The EUR/USD pair continues to move downwards from the level of 1.1280. Yesterday, the pair dropped from the level of 1.1280 to the bottom around 1.1225. Today, the first resistance level is seen at 1.1280 followed by 1.1310, while daily support 1 is seen at 1.1179. According to the...
EUR/USD
The trend rate of intraday fluctuations of the euro major is set by the bearish wave of March 20. The nature of the movements is corrective. The structure lacks the final downward part. The price is near the lower boundary of the potential reversal zone.
Forecast:
Preparations for changing...
Wave counting analysis:On Wednesday, April 17, trading ended for EUR / USD by 15 bp increase. However, today, after the third unsuccessful attempt to break the level of 50.0% Fibonacci, the pair fell down. However, so far this decrease in no way violates the current wave pattern, which still...
4-hour timeframe
Technical details:
The upper linear regression channel: direction - down.
The lower linear regression channel: direction - sideways.
Moving average (20; smoothed) - sideways.
CCI: 17.7343
The currency pair EUR/USD on Thursday, April 18, once again fulfilled Murray's level of "8/8"...
4h
As seen on the 4-hour chart, the EUR/USD pair performed first with a rebound from retracement level of 61.8% (1.1281), and then from the Fibo level of 50.0% (1.1313). As a result, on April 18, a new decline began in the direction of the retracement level of 61.8%. New emerging divergences today...
Technical outlook:The EUR/USD pair has retraced/consolidated its recent gains from 1.1280 to 1.1325 levels. A bottom has been formed at 1.1290 and bulls are expected to take control from here. The currency pair is seen to be trading close to 1.1300 levels. Until prices stay above 1.1280, the pair...
Technical Market Overview:The EUR/USD pair has made another rally towards the technical resistance at the level of 1.1323, but the bulls were too weak to break through the resistance. In the result, a possible Double Top formation was made at the level of 1.1323 and the candlestick formations that...
When the European market opens, some economic data will be released such as Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Manufacturing PMI, French Flash Services PMI, and German PPI m/m. The US will also publish the economic...
4 hour timeframe: The amplitude of the last 5 days (high-low): 58p - 38p - 71p - 23p - 35p. Average amplitude for the last 5 days: 45p (44p). The third trading day of the week ends for the EUR/USD pair in a new round of downward correction. It managed to repeat today what was "achieved" five days...
