khalilr61

khalilr61

The EUR/USD pair has broken range support then settled at 1.1848 before rallying to retest trendline at 1.1970. The Euro is likely to weaken further than strengthen in short-medium term from fundamental analysis forecast. Expect the price to fall back to support at 1.1715 Mar'21 lows. The EURUSD may retest trendline support now turned resistance at 1.1983 - 1.205...

khalilr61

EURUSD facing fresh selling pressure around (1.2243) resistance. With the uptrend still intact we may expect the price to range around (1.2239) before the trend to reverse lower occurs near term. The January high (1.2325) may not come into play due to the Dollar paring back minor losses and a mid-range RSI suggesting a weak bias toward further upside . For the...

khalilr61

A slight pause in momentum as EURUSD retraces below support (1.2053). Possible retrace towards (1.1960). Looking ahead aim towards (1.2075) for breakout movement with expectations reaching (1.2243) February's high.

khalilr61

EURUSD has showed signs of a strong recovery since April as it bounced of strong support (1.1713). The price increased to hit resistance (1.2115). If the EURUSD fails to stay above the (1.2053) level expect it to fall onto previous resistance (1.1975). If price can hold above previous resistance (1.2053) then we could see a continuation towards February's high (1.22446)

khalilr61 Updated 

The price settled at the strong support zone of 1.183. Expect the price to rise towards a retest of the resistance line around 1.214. The Euro edges closer to the 2021 peak of 1.2348. With the technical landscape tilting higher.

khalilr61

The Euro currency has staged a major recovery against the US dollar since Friday's close. Eurusd is short-term bearish below 1.2060. The trend is forming a possible descending triangle. Looking for a break above 1.2150

khalilr61

My monthly confluence suggests a reversal to the downside. RSI is in the oversold zone. Volume is increasing.