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  1. EUR/USD Possible Daily Breakout

    by , 04-14-2019 at 06:51 PM
    A week ago, EUR bears were likely chilling their champagne bottles in anticipation of potential profits to be realized as of the close of trading this week. An ECB with a worsening economic outlook seemed to be a ripe environment for sharp losses. On Wednesday, when the ECB met, the markets grabbed onto the message that the ECB will consider whether it needs to mitigate any of the side effects from negative rates and the long-term bank funding “solution: known as TLTRO-III, but that was not enough ...
  2. EUR/USD Technical Analysis: Daily Breakout

    by , 03-18-2019 at 03:23 PM
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    The Euro is back to testing resistance guiding it lower against he US Dollar since January 2018, a barrier reinforced by the top of a choppy channel in play over the past two months. Another rejection might open the door for the next leg in the single currency’s slow downward grind while a break higher has might set the stage for a significant medium-term trend reversal.

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  3. EURUSD Weekly Technical Forecast

    by , 03-11-2019 at 04:32 AM
    The pattern the past few months in these times of extraordinarily low volatility has been for moves in the Euro, in both directions, to look like they want to build on momentum only to reverse. We are about to find out if this latest installment of weakness can last or will those who just sold be kicking themselves as another breakdown turns out to be false.

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    If the pattern is to change then EURUSD can't burst higher in the coming days, ...
  4. EUR/GBP Technical Analysis

    by , 02-15-2019 at 01:57 PM
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    EUR/GBP continues to make cautious progress to the upside in the aftermath of a bullish candlestick pattern. This followed a push above a descending resistance line from earlier in January which was since resulted in gains of about 2.11% at the time of this writing.

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    In the meantime, EUR/GBP finds itself in a horizontal resistance range between 0.88384 and 0.88108. This area consists of the lows ...
  5. EURUSD - Daily Bearish Breakdown

    by , 02-10-2019 at 01:36 PM
    Last week, the Euro furthered weakness off confluent trend-line resistance. The move from resistance already has big support in view as the trading range remains quite narrow in historical terms. Only a small handful of times has the 6-month range ever been this tight.

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    In the current environment fade trades off significant levels have been the only tactical approach working. Next week may bring another such opportunity if either the lower ...
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