The technical situation on the main currency pair has not changed. At the moment a small advantage is the demand side, which is trying to once again lead to break the resistance level at 1.12. However, increases are limited, as the market awaits Tuesday's readings, which may be the signal for a stronger movement. If you receive readings support the European...
Today there was a false breaking. We returned between 1.08 and 1.0945. Another day of consolidation. If you do not beat the 1.09 and 1.0945 it is possible to return toward important support at 1.08. Breaking resistance 1.0945 will open the way towards 1,0980-90.
The EUR/USD appears to keep a steady position for about 2 days at a time. In the past couple of months it has been higher then it currently is. And based on the given data it will get back up to about where it was 07/10/2015
There is a hanging man candlestick pattern on EUR/USD followed by a bearish bar. This could cause the price to decline from here, in today's New York session. The long term trend is still bearish as the short term moving averages (10 and 20 period) stay below the long term moving averages (50,100 and 200 period). The Tenken-sen and Kijun-sen started to diverge...
EUR/USD has been trading within the inside bar candlestick pattern throughout the Asian and early London session. The long term trend is still bearish as the Tenken-sen is still below Kijun-sen and the short term moving averages (10 and 20 period) are still below the long term moving averages (50,100 and 200 period). The stochastic is showing this market is...