The pair tested 1.1400 level yesterday but ended up plummeting to 1.1305, as political turmoil in Europe alongside with a fading momentum in Wall Street benefited the greenback in the American afternoon. The market was in a much better mood with European indexes closing with solid gains amid some relief headlines related to the US-China trade war. Ongoing Brexit ...
EURUSD have been trading in a multi-days compressing channel, at the moment it is testing the base of the channel, i am looking for the market to break this area and consolidate a bit for another move to test the prior lows. Keep watching this market and please read carefully the highlighted area on chart.
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ATM EURUSD is at an important Resistance level. EUR broke through the Resistance level a few times past month but couldn't stay above it.
Let's how it develops in the next few hours.
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EUR/USD labeled in a Minor degree C (light blue) wave, with Minute degrees i & ii (green) complete, showing a Zig-Zag in Minute ii (green).
Minute iii (green) has started its sub-waves Minuette (i) & (ii) are also complete, with a Running Flat in Minuette (iii) (black).
Expecting a rally, a bullish impulse and an Extension.
Markets left another directionless volatility week behind.EURUSD has been unable to find a clear direction, trapped between a more dovish Fed and slowing growth and political turmoil in the EU.
US- China trade war optimism and more dovish comments from FED members send the pair 1.14200 hurdle. However, the weather is not sunny in Europe. Brexit uncertainty, ...
We have an extremely interesting week ahead, during which we can witness stronger fluctuations in the markets. The most important figure of the week is the last, this year's meeting of the ECB, which will take place on 13 September. Market observers assume that the governing council will decide to end the ongoing QE program. Interest rates are also expected to ...
EURUSD is in a clear long term downtrend on the monthly and daily timeframes. New supply levels are being created and respected, demand levels are being eliminated with a lot of room for price to retrace to lower monthly demand zone around 1.06 price area.
Daily supply level at 1.1426 is in control and playing out, room to keep on dropping lower in a daily ...