Monthly OutlookIn January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450.In March 2015, EUR/USD bears challenged the monthly demand level around...
When the European market opens, some economic data will be released such as ZEW Economic Sentiment, German ZEW Economic Sentiment, and Current Account Balance. The US will also release a series of economic reports such as Import Prices m/m, Housing Starts, Current Account, and Building Permits. So...
Price is dropping perfectly from our selling area. We remain bearish looking to sell below major resistance at 1.1994 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and we expect a further drop from this level to push price down to at least 1.1838 support (Fibonacci...
EUR/USD has been quite volatile and corrective recently but still been able to hold on the gains and long-term non-volatile bullish trend. There has been no directional bias on the pair right now but the bulls are having an advantage today due to positive eurozone's economic reports. Today, Italian...
Technical outlook:EUR/USD bulls still remain in control but believe it or not, the upside is extremely limited. At this point in time, the pair is consolidating into a probable flat or a triangle before pushing higher one last time. We have to remain a bit patient here as the consolidation...
Monthly OutlookIn January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450.In March 2015, EUR/USD bears challenged the monthly demand level around...
Overview:
The EUR/USD pair fell sharply from the level of 1.1994 towards 1.1837. Now, the price is set at 1.1924. The resistance is seen at the level of 1.1994 and 1.2037. Moreover, the price area of 1.1994/1.2037 remains a significant resistance zone.
Therefore, there is a possibility that the...
When the European market opens, some economic data will be released such as German Buba Monthly Report, Final Core CPI y/y, Final CPI y/y, and Italian Trade Balance. The US will release a few economic reports too such as TIC Long-Term Purchases and NAHB Housing Market Index. So amid the reports,...
Price is seeing major resistance below 1.1994 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to push price down to at least 1.1838 support (Fibonacci extension, horizontal swing low support, Fibonacci...
Monthly OutlookIn January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450.In March 2015, EUR/USD bears challenged the monthly demand level around...
