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Daily Market Analysis – February 24, 2016

EUR/USD After a whole day of consolidation around the psychological level of $1.1000, the EUR/USD Forex pair broke the crucial support in a bearish direction. This is the H1 chart of the EUR/USD currency pair showing the moment of the bearish breakout. Notice that yesterday’s consolidation around 1.1000 actually resembles a bearish channel. The price […]

Daily Market Analysis – February 23, 2016

EUR/USD The most traded Forex pair interrupted the psychological level around 1.1000 Dollars for Euro. This way, the EUR/USD created a 20-days bottom. On the chart above, we can see the exact moment of the break through the support. As you see, the last two tops of the price could be followed by a bearish […]

Daily Market Analysis – February 22, 2016

EUR/USD The EUR/USD is currently breaking its 1.1084 support, which got tested for five times during the last 20 days. This is the H1 chart of the EUR/USD showing the recent bearish activity of the most traded Forex pair. In the red circle you see the moment of the break through the 1.1080 support. Currently, […]

Daily Market Analysis – February 19, 2016

EUR/USD The EUR/USD managed to break the 1.1126 support after 3 days of attempt. The followed decrease expanded the Dollar gains to $1.1070 for one Euro. The image above shows the H1 chart of the EUR/USD. After the decrease through the 1.1126 support, the EUR/USD is now testing for second time the 1.1084 support. This […]

Daily Market Analysis – February 18, 2016

EUR/USD The most traded currency pair keeps consolidating after the break through its bearish trend from last Thursday. As you see, the price has been crawling on its 1.1126 support from February 15. Notice that the recent price move resembles a falling wedge formation. If the figure gets confirmed, we might see a price increase […]

Daily Market Analysis – February 17, 2016

EUR/USD After the yesterday’s breakout through the blue bearish trend, the EUR/USD price is still consolidating. This is the H1 chart of the most traded currency pair – EUR/USD. We see that the price is bouncing between two levels – the yellow resistance area around 1.1180 which unites the last 4 tops of the price […]

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