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EURUSD

Euro Recoups Losses

The euro currency pared losses from Monday as the US dollar weakened on Tuesday. Price action continues to remain to consolidate near the key resistance area of 1.2177 - 1.2144. Since Friday, the euro currency has been stuck in this…

EURUSD Closes with a Doji

The euro currency continued its attempts to break out from the resistance area near 1.2177 and 1.2144. However, price action closed somewhat flat, resulting in a Doji close on Friday. The Doji pattern in the resistance area could see a…

Euro Inches Closer to 1.2050

The euro currency resumes the declines with prices now inching closer to the 1.2050 level of support. The declines come as the euro currency remains in a short term downtrend for the moment. This is evident from the lower highs that have…