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EURUSD
EURUSD Consolidating Above 1.1715
The euro currency is likely to prepare for a move to the upside. Price action is firmly consolidating above the 1.1715 - 1.1700 level where support is being formed.
The Stochastics oscillator currently looks a bit mixed. However, we… Read More
EURUSD Consolidates Near 1.1700
The euro currency is finding it hard to breakout above the 1.1700 level, which is now turning into resistance.
However, with the Stochastics positioning mixed, but likely bullish, we could expect further gains.
Any move above 1.1700… Read More
EURUSD Challenges 1.1700 Technical Resistance
The euro currency is holding on to the gains made for the second consecutive day.
This comes as prices reversed direction just a few pips shy of the 1.1600 level of support.
At the time of writing, the EURUSD is testing the previously… Read More
Surfing the Waves with Gregor Horvat
In today’s advanced ElliottWave analysis Gregor dives into the five most interesting opportunities for the weak ahead! Watch how he analyses equities, FXMajors, and Commodities and discover how he applies EW principles to come up with his… Read More
EURUSD Simple or Double Corrective Zigzag?
EURUSD is forming an impulse consisting of sub-waves ①-②-③-④-⑤.
The end of bullish impulse ③ at 1.201 led to the formation of corrective wave ④. The said wave is a standard zigzag (A)-(B)-(C) and could reach the 1.152 area.
At that… Read More
EURUSD Could Recover from the Two-Month Low
The common currency continued to push lower, ending last week with declines.
Prices are trading just a few pips off the 1.1600 round-number support. We expect a near term move to the upside given the current set up.
The Stochastics is… Read More
EURUSD Rebounds from a Two-Month Low
The euro currency is posting gains for the first time in four days. The rebound comes after the common currency touched down to a two-month low earlier on Thursday.
However, the reversal came just a few pips away from the 1.1600… Read More
EURUSD Loses the 1.1715 Handle
The common currency continues to embark on a correction as price action failed to hold near the technical support level of 1.1715.
The breakdown below this key support level could potentially mark further declines in the medium term.… Read More
EURUSD Breaks the Trend Line
The euro currency opened on Monday on a bearish note.
The declines were sparked by concerns of another surge in the COVID-19 cases, threatening yet another lockdown.
In response, the EURUSD is trading bearish and it is quite likely… Read More
EURUSD Finds Support off the Trend Line
The euro currency is paring losses following the Fed meeting.
Prices fell to a five-week low before recovering. This coincides with the trend line from which the common currency is reversing losses.
Further continuation to the upside… Read More