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EURUSD The Euro extended near-term weakness from 1.3892 peak, to test strong support of bull-trendline off 1.2754 low and Daily Ichimoku cloud top at 1.3550 zone. The support contained bears for now, with corrective action under way, testing initial barrier at 1.3600/10, round-figure / hourly...

EURUSD The Euro trades in near-term consolidative phase, off fresh low at 1.3570, where the pullback found temporary support just ahead of daily Ichimoku cloud top at 1.3563 and main bull trendline at 1.3550. The price action is entrenched within 1.3600/55 range, with hourly studies in neutral...

EURUSD The Euro corrects yesterday’s fresh losses that probed below 1.36 handle and so far found support at 1.3570, just ahead of trendline support at 1.3550. Bounce to 1.3650 was capped by 4-hour 20DMA, as the price attempts to stabilize above 1.36 support. Slight positive tone exists on...

EUR/USD After today’s double top during the Asian session at 1.3775, EURUSD managed to break 31st Dec low and so far found support at 1.3710, a break there would open 24th Dec low and 38.2% Fibo of (1.3890-1.3295) at 1.3655 and next to 20th Dec low at 1.3625 zone. On the upside, 1.3750 could...

EURUSD EURUSD remains unchanged trading sideways between 1.3720 and 1.3665. This is causing the price to trade at the 55 and 20 moving average on the 1 hour chart. Overall the dollar remains strong on expectations of a further reduction in US monetary stimulus. However we expect limited action...

EURUSD The Euro maintains positive tone and cracked psychological 1.38 barrier, opening way towards key target at 1.3831, 25/10 year-to-date high. Technicals on the lower timeframes are positive, with overbought reading on 4-hour chart and 10DMA at 1.3770 offering immediate support and holding...

EURUSD The Euro remains supported and advanced further, approaching psychological 1.38 barrier, en-route towards short-term target at 1.3831. Consolidation above previous low at 1.3740 and 4-hour 10DMA is under way, as the price, after yesterday’s rally stalled at 1.3794. Positive near-term...

EURUSD The Euro continues to trend higher and posts fresh six-week highs, after break and close above the last barrier at 1.3710 opens way towards key resistance and annual high at 1.3831. The advance is supported by risk-on mode and positive sentiment that favors eventual push to 1.3831, as...

EURUSD The Euro extends recovery rally from 1.3294 low to eventually break above important 1.3546/63 barrier, 06/11 lower high / 50% retracement of 1.3831/1.3294 descend / daily Kijun-sen line, on extension to 1.3577 so far. Near-term bulls remain in play, with corrective pullbacks on oversold...

EURUSD The Euro remains steady and extends rebound from last week’s fresh low at 1.3294, with strong barrier at 1.3460/70 zone being cleared. The price tested psychological / Fibonacci 38.2% of 1.3831/1.3294 resistance at 1.3500 so far, where gains were limited by broken bull trendline off...

EURUSD The Euro’s near-term tone turned positive, as extended consolidation broke above triangle resistance and tested the upper border of consolidative range. Hourly indicators moved above their midlines, with bullish momentum being built on 4-hour chart, supporting final attempt through...

EURUSD The Euro steadies above 1.35 handle, ahead of ECB today, with no significant rallies seen so far, after the pair posted marginally fresh high at 1.3546 yesterday. Hourly studies are positively aligned, along with north-heading 4-hour indicators that suggests further recovery, with 1.36...

EURUSD The Euro trades in a near-term consolidative phase, after last week’s sharp fall, the biggest weekly loss in over one year. The pullback from 1.3831 peak was for now contained at very strong daily support at 1.3450/20 zone, previous peaks of 19/06 and 20/08 / daily cloud top and...

EURUSD The Euro trades in extended consolidative phase, off fresh high at 1.3831, with price holding for now within 1.3760/1.3831 range. Negatively aligned hourly studies keep the downside risk in play while the price stays below 1.38 barrier, as 4-hour indicators are heading south and support...

EURUSD The Euro resumes bulls and cracks psychological 1.38 barrier, after near-term consolidation under the latter was completed. Extension of the third wave that commenced from 1.3103, 06/09 higher low that broke above its 100% Fibonacci expansion at 1.3797, focuses the next target at...

EURUSD The Euro trades in widened consolidative range, with downside being for now protected by hourly 55DMA / 4-hour 20DMA at 1.3650, also Fibonacci 23.6% of 1.3472/1.3702 ascend and previous high of 03/10. Hourly studies are neutral to negative, with further sideways mode seen while 1.3650...

EURUSD The Euro ended week in the positive tone, closing just below psychological 1.37 barrier that was cracked last Friday. Annual high at 1.3710 remain in immediate focus, with break here to extend the third wave that commenced from 1.3103, 01/09 higher low and could travel to 1.3803, its...

EURUSD The Euro remains at the back foot, as break below initial 1.3540 support, triggered fresh acceleration that fully retraced 1.3500/1.3645 upleg. Break below 1.3500 support, focuses strong support zone at 1.3460/40, higher platform / previous peak of 20/08 and Fibonacci 38.2% retracement...

EURUSD The Euro consolidates within 1.3540/90 range, after pullback from 1.3645 peak found support at 1.3540, Fibonacci 61.8% retracement of 1.3476/1.3645 upleg. Hourly studies are weak, while 4-hour RSI holds in the neutral area; MACD just above the midline and loss of momentum maintains the...

EURUSD The Euro remains in near-term corrective mode, off fresh high at 1.3645, with weekly close at 1.3550, where 4-hour 55DMA / Fibonacci 61.8% of 1.3476/1.3645 contained pullback. Positive structure on 4-hour chart, along with weekly gap-higher opening, holds the overall positive sentiment...