The EU is still trading inside of the range it has been trading for the past 2 1/2 weeks but now has broken with a wedge and dropped 36 pips to created wen weekly lows. We missed the move but a pullback to the previous broken level would give us a great short entry with […]
EURUSD Price Analysis – January 28 EURUSD came under downside pressure in the prior session but despite the recent price action the selling bias fades at 1.2100 in the present session. A row over vaccines is set to delay the eurozone’s recovery, however, there is more room for risk aversion. Key LevelsResistance Levels: 1.2300, 1.2240, […]
EURUSD Price Analysis – January 25 Earlier on Monday fresh optimism propelled the EURUSD to the 1.2183 level with some retreats to the 1.2140 mark for further positive traction as the pair acts to preserve its intraday gains. The pair met fresh supply on downbeat German IFO data, heading past the prior day’s low at […]
The EU is still trading in a very structured market and now is testing a big inflection point. We have retraced back 76.4% of the last wave down and we have hit the 127.2% retracement of the first wave up of the pullback. This fibonacci cluster confluences with a historic key level and the top […]
EURUSD Price Analysis – January 21 EURUSD continues to rally in an attempt to sustain its break higher past 1.2150 level as buyers maintain upside sentiment. The pair reacts to the latest ECB policy statement on rates which sparks volatility amongst EUR pairs. Key LevelsResistance Levels: 1.2554, 1.2350, 1.2214Support Levels: 1.2050, 1.1900, 1.1602EURUSD Long term […]
The EU has broken with a reversal pattern on the daily-weekly whilst dipping lower inside a nice bearish structure. The idea is to sell into strength at the retest of the previous base (key level) Validation level: 1.2125 Invalidation level: 1.2170 Broker Benefits Min Deposit Score Visit Broker Award-winning Cryptocurrency trading platform $100 minimum deposit, […]
EURUSD Price Analysis – January 18 The EURUSD has been struggling to recover as it sustains its downside bias to 1.2053 on Monday while still at the lower ground after tumbling last week. President-elect Joe Biden enters the White House on Wednesday and is set to advance his $1.9 trillion stimulus plan – and also […]
EURUSD Price Analysis – January 14 The EURUSD pair remains on the back foot and retreats beneath 1.2150 to register a European session low of 1.2135 level. At the time of this post, the European currency is hovering up at the 1.2164 level. The new American administration is set to announce a generous stimulus package […]
The EURUSD is still very much n a bullish structure and is now retesting the previous lows at the 1.2140 level which is also the 76.4% pullback of the last leg up. We have also hit important short term bearish targets at the 1.618 whilst printing a big bullish divergence at the lows. Should the […]
