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Daily Market Analysis – March 17, 2016

EUR/USD The most traded Forex pair continued with two new rallies, breaking the psychological level at 1.1300 Dollars for one Euro. During the last 24 hours, the EUR/USD pair increased with 285 pips! This is the H1 chart of the EUR/USD showing the last price rallies of the pair. Notice that after reaching the resistance […]

Daily Market Analysis – March 16, 2016

EUR/USD The most traded Forex pair keeps consolidating in its triangle. After the European Central Bank announced 0.00% rates, the EUR/USD exploded upwards. Then the pair entered a longer consolidation, which is in force even today. The H1 chart of the EUR/USD shows us our triangle, which actually resembles a flag after the jump on […]

Daily Market Analysis – March 15, 2016

EUR/USD The most traded Forex pair continues its slight bearish decrease. The price did a little breakout through the lower level of the triangle we introduced yesterday. On the above H1 chart we see the blue triangle and the slight breakout through its lower level (red circle). Notice that at the same time, the EUR/USD […]

Daily Market Analysis – March 14, 2016

EUR/USD After the European Central Bank announced 0.00% interest rates, the EUR/USD price logically exploded upwards. We saw a top around the psychological level of 1.1200 Dollars for Euro. Afterwards, the EUR/USD price was basically oriented sideways. This is the H1 chart of the EUR/USD showing you the side price move of the pair after […]

Daily Market Analysis – March 11, 2016

EUR/USD The Euro did a huge jump versus all the other majors yesterday. The reason for this was the decrease in the interest rates announced by the European Central Bank (ECB). The European Union interest rates were decreased to 0.00% from 0.05%. This beats the expectations for unchanged rates. This is the H1 chart of […]

Daily Market Analysis – March 10, 2016

EUR/USD The most traded Forex pair demonstrates classic trend reversal symptoms. This is the EUR/USD H1 chart which shows us the current state of the currency pair. Let’s now classify the reversal signals we get: The EUR/USD price broke the blue bullish trend in a bearish direction. The price then set a bottom in the […]

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