majors

EURUSD The Euro hit fresh three-week high vs the dollar at 1.3380, as risk-on mode accelerates and the pair started the week with 60-pips gap-higher opening. The price trades in a narrow consolidative range, ahead of the next target and lower platform at 1.3400, break of which to open key...

EURUSD The Euro holds firm and consolidates recent gains off 1.31 base, trading within 1.3230/80 range. Near-term studies remain positive and favor further upside, where 1.33 comes first, ahead of 1.3320, previous consolidation floor / Fibonacci 61.8% of 1.3450/1.3103 downleg. The downside is...

EURUSD The Euro remains under pressure and extends fresh weakness below important 1.3200/1.3180 support zone. The price tested 200DMA at 1.3136, with psychological 1.3100 support, also 50% of 1.2754/1.3450, being in near-term focus. Negative near-term studies, along with daily indicators...

EURUSD The Euro maintains negative tone and attempts again through strong 1.3180/70 support zone, higher platform / Friday’s low, after brief recovery rally failed to sustain gains above 1.3200 barrier. Near-term technicals are bearish and favor further extension lower, with 200DMA / daily...

EURUSD Euro failed to break or even test any support or resistance levels during the previous session. It spent most of the time trading in a tight 30 pip range between 1.3390 and 1.3360. So the bullish outlook remains as long as trading stays above 1.3330 with the same targets at 1.3410 &...

EURUSD The Euro completed two-month cycle and fully retraced 1.3414/1.2754 downleg on break above 1.3414, 16/06 high. Extension higher also confirms formation of triple-bottom, seen on a weekly chart that signals further gains. Daily close above psychological 1.3400 level and previous high at...

EURUSD The Euro trades in extended consolidative phase, holding the sideways mode, with price action being entrenched within 1.3310/1.3379 range. Neutral tone prevails on hourly chart, while 4-hour studies maintain positive tone and keep the upside focused for final push towards 1.3399, larger...

EUR/USD We do see a reversal pattern for the current uptrend on the EURUSD. The pair made a double top near the resistance level 1.3400 before continuing to drop dropping 80 pips. On the HI chart we can safely say the uptrend ended as we trading is currently below the 55 period exponential...

EUR/USD Finally EURUSD manages to achieve a daily high yesterday above 1.3300 resistance reaching 1.3323. Since then it retraced 45 pips to 1.3280. The outlook remains bullish as long as trading is maintained above 1.3230 with key target 1.3345 in sight (31 July high). The pair is supported...

EURUSD The Euro trades in extended consolidative phase, confirmed by Tuesday’s Doji, with the price action holding above bull-trendline, off 1.2992 and dips being contained at 50% of 1.3164/1.3300 upleg. Tuesday’s test of 1.3300 barrier keeps the upside favored, with positive 4-hour studies...

EURUSD The Euro remains well supported, as the price continues to channel higher and approaches next target at 1.3300, with weekly close just under the barrier. Friday’s Doji would signal further consolidation, before the price resumes larger rally that commenced from 1.2754, 09/07 low and...

EURUSD The Euro ticked higher and posted fresh high at 1.3237, following shallow correction that was contained by daily Ichimoku cloud top at 1.3160. Daily close and sustained above 1.3200 handle, also bull-trendline off 1.3066, along with positive short-term studies, keep the upside targets...

EURUSD The Euro ended week in the positive territory, closing at 1.3142, just ahead of double-Fibonacci barriers at 1.3155/60 (76.4% of 1.3205/1.2992 / 61.8% of 1.3414/1.2754) / bear-trendline drawn off 1.3205 and weekly high at 1.3176, the last obstacle en-route to 1.3205, 11/07 high and...

EURUSD The Euro trades in a prolonged consolidation, holding in a sideways mode, with price action being entrenched within 1.3000/80 range. Hourly studies are still neutral, as the price attempts through the range tops, while 4-hour technicals maintain bullish tone and see scope for fresh...

EURUSD The Euro ended week in which the pair posted fresh 3-month low at 1.2754 and 3–week high at 1.3205. Price closed at 1.3069, 200DMA and near 50% retracement of entire 1.3414/1.2754 downleg, with downside being protected at 1.3000, psychological support and higher platform. Two day...

EURUSD The Euro surged post Fed and maintained positive sentiment during the Asian session, as gains hit fresh high at 1.3205. Strong rally retraced over 61.8% of 1.3414/1.2754 downleg, with downside risk being sidelined and near-term focus shifted higher. Positive short-term technicals...

EURUSD The Euro ended Tuesday’s trading in red after breaking below 1.2795 support and posting fresh low at 1.2754, where weekly Ichimoku cloud base contained dips, just ahead of key 1.2750/44 support. Eventual push below the latter that also marks multi-month platform, is required to complete...

EURUSD The Euro trades in a consolidative mode, off fresh low at 1.2805, posted last Friday and ended Monday’s trading in a positive tone. Recovery rally is so far capped at 1.2880 zone, Fibonacci 38.2% of 1.3016/1.2805 descend / hourly linear regression channel upper line. Hourly studies are...

EURUSD The Euro fell further on Friday and ended week just above strong support at 1.2795, 17/05 low, losing 1.78% for the week. Negative tone keeps the price pressured for full retracement of 1.2795/1.3414 upleg, as the price broke below bull-trendline, connecting 1.2744/1.2795 lows. Scope is...

EURUSD The Euro consolidates recent losses, trading above 1.2980, daily cloud top, where basing attempt is becoming evident. Bounce above 1.3000 that retraced over 61.8% of last Friday’s sharp fall from 1.3102 to 1.2990, improves hourly structure, however, the price remains within the...