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Daily Market Analysis – March 4, 2016

EUR/USD The EUR/USD price action was concentrated in bullish direction yesterday. After breaking through the 1.0856 support, the price actually switched directions and started increasing. The followed bullish move brought the price through the upper level of the blue bearish channel from the middle of February. The H1 chart of the EUR/USD shows us the […]

Daily Market Analysis – March 3, 2016

EUR/USD The EUR/USD price action was concentrated sideways during the last trading day. After reaching the lower level of the blue bearish corridor from February, the price started a consolidation. On the H1 chart we see this consolidation, which is located in the area of the 1.0856 support. Although the price is moving to the […]

Daily Market Analysis – March 2, 2016

EUR/USD The EUR/USD currency pair continued with a consolidation after the decrease to the lower level of the blue bearish corridor from the middle of February. On the H1 chart of the EUR/USD we see that after decreasing to the lower level of the corridor, the price then did another drop to that level. Meanwhile, […]

Daily Market Analysis – March 1, 2016

EUR/USD The American Dollar holds the rally versus the Euro. The EUR/USD Forex pair decreased more than 50 pips during yesterday’s trading day. This is the H1 chart of the EUR/USD showing the recent price decrease. As you see, the price has been bouncing in the levels of a bearish channel. The EUR/USD created a […]

Daily Market Analysis – February 29, 2016

EUR/USD The EUR/USD Forex pair keeps decreasing and it has reached a 1-month high few hours ago. After a bad Euro Zone Consumer Price Index (YoY) (Feb) release, the Euro weakened even more versus the Dollar. This is the H1 chart of the most traded currency pair. As you see, the EUR/USD price broke its […]

Daily Market Analysis – February 26, 2016

EUR/USD The EUR/USD did a major drop to its 1.1000 support during the last few hours. Currently, the EUR/USD tests a newly established bullish trend (blue). Notice that prior to the decrease, the price broke the 1.1048 resistance. This claimed the presence of a pattern, which looks like an inverted Head and Shoulders (green lines). […]

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