EURUSD: Rebound from All-Time Low
EURUSD fell since the beginning of February 2020 and finally found a landing ground at 1.0790. The rebound has brought upon...
EURUSD: Weekly Forecast 20th – 24th Jan 2020
EURUSD was climbing at first as it found support and rebounded off 1.1085 on a harmonic pattern too. However, the bullish trend was weak which led to a technical selloff as it formed a bearish ABCD and the bear took over on the last trading day. T
EURUSD: Rebound on Gartley
EURUSD continued to recover from the month loss after forming a Gartley pattern and rebounded off from a 2-week demand zone. The rebound is still seemingly below moderate but higher lows have helped the price to remain a bullish structure. G
EURUSD: Harmonic Pattern at 2-Week Demand Zone
EURUSD has retraced for the past 2 weeks and is currently in the midst of completing the second wave of retracement.
EURUSD: Weekly Forecast 6th – 10th Jan 2020
EURUSD climbed further and broke above 1.1200 as expected, as well as the pullback following after. The last FOMC minutes was unsurprising as the Fed will keep rate unchanged which may cause the dollar to extend weakness. W
EURUSD: Weekly Forecast 30th Dec – 3rd Jan 2020
EURUSD confirmed a reversal just before the end of 2019. The price had a successful reattempt and finally broke above the 18-month falling channel last Friday. B
Trading Focus Today (27th December 2019)
The market is most likely to range especially for the major pairs as it swims through the holiday season until the next FOMC meeting. EURUSD has been trading within an ascending triangle which begin since early October 2019.
EURUSD Short Term Rebound.
EURUSD has finally found support at 1.1066 and may have a small rebound this week. As volatility is expected to be low this week, there should not be any big movements for EURUSD.
EURUSD: Weekly Forecast 23rd – 27th Dec 2019
EURUSD fell first as expected but was failed to discover any strong support for a strong rebound. As a result, a fake break at the top of the 18-month falling channel was confirmed and EURUSD fell last week. An ascending triangle was formed in the process and price is just about 40 pips away from the bottom of the pattern. S
EURUSD H1: Price break below current week low but faces strong demand
Alright, so EURUSD did not hold and went on to break the current week low, which is Good! Last week, the price broke above the top of a 18-month falling channel around 1.1100 which potentially means that many sellers are trapped around the same level.