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EURUSD
EURUSD Fourth Wave of Impulse Completed?
EURUSD seems to be forming a major primary bullish impulse.
The bearish correction wave ④ has recently completed, which formed a zigzag consisting of sub-waves (A)-(B)-(C).
In the short term, the primary wave ⑤ could reach the…
EURUSD Gains but Watch the Hidden Bearish Divergence
The euro currency snapped strongly above the 1.2050 level, but price action formed a lower high.
The hidden bearish divergence on the chart could, however, see prices pushing lower.
To the downside, the euro currency is forecast to…
EURUSD Snaps a Four Day Losing Streak
The euro currency posted gains on Friday, marking an end to four consecutive daily declines. The rebound comes after price reversed near a three-month low of 1.1951.
As a result, prices pared losses to close on Friday near 1.2050. This…
EURUSD Falls to a Two-Month Low
The euro currency continues its descent, now for the fourth consecutive session. The declines accelerated following two days of subdued price action earlier this week.
The current pace of decline opens the downside target to the 1.1900…
Euro Posts Declines for Three Consecutive Days
The euro currency is posting declines for three consecutive days. Price action is now trading below the 1.2050 level.
This comes even as the Stochastics oscillator is firmly below the oversold level. Price action posted a modest rebound…
EURUSD Touches Down to 1.2050 Level of Support
The euro currency finally fell to the support level of 1.2050, testing the level more firmly. While price action is trading below this level, we could expect to see some consolidating taking place.
The Stochastics oscillator is also…
Euro Resumes Slide, After a Two-Day Gain
The euro currency is trading weaker on Monday following two daily sessions of gains previously. Price action remains confined below the 1.2144 level of resistance.
Given the current pace of declines, the EURUSD currency pair is likely to…
EURUSD Back Near 1.2144 Resistance Area
The euro currency has now posted back-to-back gains for two consecutive sessions. As a result, price action is trading back near the technical resistance area of 1.2144.
However, price action remained somewhat mixed as the buyer still…
Euro Trades Mixed as Trend-Line Being Tested from Below
The euro currency is attempting to pare losses from Wednesday. However, price action remains biased to the downside.
The short term intraday bounce led the common currency to briefly rise to the 1.2144 level of resistance.
A…
Euro Briefly Slips to 1.2050 Technical Support
The euro currency, along with many of its peers was trading mixed on Wednesday. This comes as the dollar briefly strengthened into the run-up to the Fed meeting.
Price action lost the support off the minor trend line and briefly fell…