EUR/USD downside outlookEUR/USD moves somehow sideways in the short term but its downside bias remains intact. As you can see on the H4 chart, the pair is located below the downtrend line, so it could resume its drop anytime.The lower low of 1.1687 is seen as a downside obstacle, a support level....
Bearish persistence below the price zone of 1.2050-1.2000 allowed the current short-term downtrend to be established.Initial bearish targets were located around 1.1940 then 1.1800 which offered some bullish rejection for sometime before another bearish movement could take place towards 1.1770 and...
Recently, Persistence below the depicted price zone of 1.1990 indicated further downside movement towards 1.1840 and 1.1780 where a sideway consolidation range was established.During last week, the EURUSD pair has been trapped within a narrow consolidation range between the price levels of 1.1780...
The wave counting of the 4-hour chart for the EUR/USD currency pair remains the same and so far does without making adjustments. The assumed wave b took a longer form due to the decline at the end of last week, and this is very bad for the current counting since wave b has already turned out to be...
From economics to politics. If the focus of investors' attention in the week of September 24 were central banks led by the Fed, then at the turn of the first and second months of autumn, several political decisions will appear on the radar that can seriously affect financial markets. Will the...
To open long positions on EURUSD, you need:The data for Germany turned out to be slightly better than economists' forecasts. However, as a result, two of the three indicators of the business environment declined, which did not allow euro buyers to get close to the important resistance of 1.1754....
EUR/USD
It was not possible to break through the monthly level of 1.1695 (Fibo Kijun) again. As a result of a new attempt, the bears received another rebound, which is even stronger and more extensive. This happened instead of a breakdown. All this indicates the importance of breaking through the...
EUR/USD, H4 timeframe:Let's continue to consider the situation of the EUR/USD pair using the Elliott theory.Based on Elliott's theory, the formation of an upward impulse wave continues for the currency pair. It is assumed that the price has already done forming the upward wave (1), and it seems...
According to the results of yesterday's trading, the main currency pair grew. However, given the very frequent change in market sentiment and the fact that the reduction of the asset purchase program is already practically embedded in the pricing of the US currency, it would be wrong to call...
EUR/USD – 1H.On Thursday, the EUR/USD pair reversed in favor of the European currency and closed above the corrective level of 100.0% (1.1704). Thus, the growth process can be continued towards the next level of 1.1772. However, the downward trend corridor continues to characterize the current mood...
