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EURUSD The Euro returned to weakness and trades near 1.3330 base, following yesterday’s sharp rally, driven by fundamentals, which showed again lack of strength to break above near-term congestion tops and pivotal barriers. Negative near-term studies keep the downside favored, with penetration...

EURUSD The Euro is at the back foot in the near-term, as the price moves lower after recovery rally stalled at 1.3431, short of 1.3443 pivotal top. Subsequent weakness, which broke below psychological 1.34 support, also Fibonacci 61.8% of 1.3316/1.3431 upleg, sees risk of further easing and...

EURUSD Due to lack of important economic figures affecting the euro zone area or the US yesterday we saw very weak action on EURUSD during the first trading session of the week. The daily range between high and low was only 20 pips. As a result the outlook remains bullish with an attempt to...

EURUSD The Euro remains under pressure and left lower top at 1.3639, after fresh acceleration lower probes levels below 1.3585/74 supports. The way towards 1.35 base and key short-term support, is now open, as fresh weakness retraced nearly 76.4% of 1.3502/1.3699 rally. Bearish near-term...

EURUSD The Euro failed to sustain gains off 1.3585 base, after recovery rally stalled at 1.3639 and subsequent easing returned to 1.36 support zone. With near-term studies losing traction, downside risk increases, as loss of 1.36 handle to expose key supports at 1.3585 higher base and low of...

EURUSD The Euro has ended 10-day recovery phase after yesterday’s rally eventually left 1.36 zone and probed above 1.3642, 19 June peak. Final push is expected to extended corrective leg off 1.35 base and regain key 1.3676 barrier, 06 June peak. Completion of 1.3676/1.35 bear-phase is required...

EURUSD The Euro is directionless in the near-term, with price action moving within 1.3585/1.3650 range, consolidating bear-leg from 1.3992, 08 May peak. Overall tone remains negative and sees further downside favored, while neutral near-term studies maintain current sideways mode. Immediate...

EURUSD The Euro’s near term price action is at the back foot after recovery attempt stalled at 1.3649, where 55SMA capped and fresh easing re-tested levels below 1.36 handle, with consolidation under way. Negative near term tone keeps the downside at risk, despite 1.3585 low so far proving as...

EURUSD The Euro eventually broke below breakpoint at 1.3670, ending near-term consolidative phase and commencing fresh leg lower. The price spiked lower to 1.3633 so far, ticks away from 200SMA, with subsequent bounce being capped below 1.37 barrier, former consolidation floor. This is seen as...

EURUSD The Euro holds negative near-term tone, following last week’s sharp fall and hovers above fresh lows, in a narrow consolidation, capped so far under initial 1.38 resistance. Negative hourly studies and 4-hour indicators probing below the midlines, maintain near-term pressure and see...

EURUSD The Euro fell to 1.3750 zone, ending the week in red and erased all gains of last week, following false break above 1.39 resistance zone and upside rejection on approach to 1.40 barrier. Loss of 1.38, round-figure / trendline support and 1.3780, previous range floor, significantly...

EUR/USD After yesterday’s drop and a test of 1.3780 intermediate support level was made, the single currency managed to close near previous highs and broke even higher reaching as high as 1.3888 so far. With a clear break of 1.3860, and demand at 1.3780, the single currency is expected to...

EURUSD The Euro holds positive near-term tone off fresh low at strong 1.3789 support, as the price stabilizes above 1.38 higher base, supported by daily 20SMA / Tenkan-sen line. Recovery attempts are so far limited at initial 1.3850 barrier, also 50% retracement of 1.3904/1.3789 fall and ahead...

EURUSD The Euro trades in a corrective mode off fresh low at 1.3789, where strong support, 50% retracement of 1.3671/1.3904 / broken bear-trendline off 1.3965 peak, contained reversal off 1.3965 for now. Consolidative action broke above initial 1.3832, yesterday’s recovery rally peak and...

EURUSD The Euro has established positive tone on hourly chart, consolidating 1.3704/1.3807 recovery rally, despite failure to clear important 1.38 barrier, where 4-hour 55SMA capped for now. However, prevailing negative tone on 4-hour chart requires caution, as repeated upside rejection at...

EURUSD The Euro consolidates above the fresh low at 1.3704, posted last Friday, where the fall met its Fibonacci 76.4% expansion of the third wave off 1.3874, 24 Mar lower top. The second consecutive weekly close in red signals further downside, however, formation of Morning Star pattern on...

EURUSD The Euro trades in a narrow range, after failing to sustain attempts above 1.38 handle, reinforced by daily Kijun-sen line as broken channel support line capped rallies. Narrow consolidation around 1.3780 is expected to precede fresh weakness towards 1.3748 base, as near-term technicals...

EURUSD The Euro bounced through 1.3820 barrier which capped near-term consolidation and spiked at 1.3874, marking 61.8% retracement of 1.3946/1.3748 fall. Formation of double-bottom pattern signals further upside, as hourly technicals are positive. Pullback off fresh high at 1.3874 attempts to...

EURUSD The Euro ended week in red after rallying for six consecutive weeks, trading in corrective phase off fresh 4 ½ month high at 1.3965. The pullback found temporary footstep at 1.3748, with consolidative action so far being capped by hourly 55SMA / daily Kijun-sen line at 1.38 zone, also...

EURUSD The Euro showed limited action during past few sessions, with price action moving within narrow 1.3880/1.3940 range, awaiting today’s FOMC decision. Hourly tone is neutral, as the price forms bullish pennant, while larger pictures maintain positive tone and favor eventual push towards...