Trend Analysis (Fig. 1).
Today, the market may continue to move downward from the level of 1.1820 (closing of yesterday's daily candle) with the target at 1.1780 - the retracement level of 38.2% (blue dotted line). In case of testing this level, there will be a work going down to the level of...
Analysis of transactions in the EUR / USD pairThe euro collapsed yesterday amid the debates of US presidential candidates, as well as due to strong reports on the US economy. The downward movement to about 30 pips.Trading recommendations for October 23Very important reports on the eurozone's...
EUR/USD
Yesterday, the euro fully won back the points it gained on Wednesday and now it continues to decline in the Asian session, as the markets hope for a compromise on the second package of economic aid to the US economy. The daily chart shows that the price is supported by the balance...
Hourly chart of the EUR/USD pair
The EUR/USD pair continued to move down last Thursday night after the quotes settled below the upward trend line. Over the past day, novice traders received two sell signals at their disposal, and our fears that the upward movement would resume and the trend...
Latest data indicates that the world saw a new record high on COVID-19 incidence, having listed almost 500 thousand new cases worldwide. The most alarming situation is Europe's, as France recorded a massive figure of 41 thousand new infections a day. Britain and Spain then follows, with 21 thousand...
Technical Market Outlook:The EUR/USD pair has been moving lower in a corrective cycle after the local high was made at the level of 1.1880. The bears have managed to push the price towards the 50% Fibonacci retracement level, but that might not be the end of the correction. There is one more...
This week, the pair tested two important resistance zones. First, the weekly CZ 1.1867-1.1844 was reached, and then the zone of the average weekly movement. The range test caused a sharp reaction and the closing of yesterday's trading led to the formation of the daily level's engulfing pattern....
In July, the EURUSD pair has failed to maintain bearish momentum strong enough to move below 1.1150 (consolidation range lower zone).Instead, bullish breakout above 1.1380-1.1400 has lead to a quick bullish spike directly towards 1.1750 which failed to offer sufficient bearish pressure.Bullish...
On September 25, The EURUSD pair has failed to maintain enough bearish momentum to enhance further bearish decline.Instead, recent ascending movement has been demonstrates within the depicted movement channel leading to bullish advancement towards 1.1750-1.1780 which failed to offer sufficient...
The saga about the new stimulus bill is going on in the US. Deadlines have been delayed a few times, thus keeping the market in suspense. As a result, investors shift sentiment from risk aversion to appetite for riskier assets.
When the talks on fiscal stimulus come to a gridlock, the stocks...
