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Daily Market Analysis – March 30, 2016

EUR/USD The Euro did another massive jump versus the Dollar yesterday. After testing the 1.1216 resistance twice, the price broke this level with a big bullish candle, followed by few more bullish candles. Later on, after a slight consolidation, a new bullish wave occurred on the chart, extending the EUR/USD gains to the psychological level […]

Daily Market Analysis – March 29, 2016

EUR/USD The Euro accounted for bigger gain versus the Dollar yesterday. The EUR/USD price jumped with about 60 pips for less than 30 hours, registering a 0.54% increase. On the H1 chart of the most traded Forex pair we see the price jump. After consolidating on the support at 1.1150, the price did a rapid […]

Daily Market Analysis – March 28, 2016

EUR/USD The most traded Forex pair is still in a consolidation phase. After decreasing to the support at 1.1150, the price has been moving sideways. On the H1 chart of the EUR/USD we see that the sideway move could be tracked with a bearish trend (green line). However, you see that the last two candles […]

Daily Market Analysis – March 25, 2016

EUR/USD The price of the most traded Forex pair was moving sideways during the yesterday’s trading day. After the price broke its blue bullish trend from March 10, we observed a downward move equal to 61.8% of the last bullish move from March 17. On the H1 chart of the EUR/USD we see the price […]

Daily Market Analysis – March 24, 2016

EUR/USD The most traded Forex pair keeps holding the bearish move from the last 7 days. We saw a break through the 2-weeks bullish trend, and the supports at 1.1216 and 1.1195. On the H1 chart we see the break through the bullish trend (blue) and the two supports (the two red circles). Then the […]

Daily Market Analysis – March 23, 2016

EUR/USD The most traded Forex pair keeps holding its weekly bearish trend. The EUR/USD price shrank even more, breaking the support at 1.1195. On the EUR/USD H1 chart we see that the pair is moving into a bearish channel (red). We also see that the price move in this channel brought the price through the […]

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