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 […]
EURUSD Price Analysis – January 11 The US Dollar upside correction is gaining traction with the EURUSD pair testing a low level at 1.2166 reflecting a loss of upside momentum as the market registers the lowest level in two weeks. The EURUSD pair has been plunging alongside with increase in US Yields. Key LevelsResistance Levels: […]
EURUSD Price Analysis – January 7 EURUSD turns negative after the 3rd day in a row upside thrust and stays beneath 1.2350 amidst a moderate recovery of the dollar on Thursday. The upside remains capped by the renewed strength in the US Treasury yields across the curve amid stimulus hopes. Key levelsResistance Levels: 1.2413, 1.2350, […]
EURUSD Price Analysis – January 4 EURUSD continues to rally in an attempt to break higher as bears and bulls tussle around 1.2300. The dollar is losing ground before the opening of the American session. The number of new covid variants registered and the slow spread of the vaccine together with the early elections in […]
EURUSD Price Analysis – December 31 Buyers of EURUSD are returning to the 1.2300 area at the start of the last day of 2020, however, due to the absence of any new fundamental catalyst, buyers took a short pause and refrained from new heights amid low trading volumes at the end of the year. EURUSD […]
EURUSD Price Analysis – December 28 Fresh optimism has propelled the EURUSD towards the 1.2250 level with some strong positive traction on Monday amid sustained USD selling bias. The pair is trying to preserve its intraday gains and in search of further gains around the 1.2250/1.2270 region. US stimulus and a post-Brexit trade deal boosted […]
