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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 […]

Daily Market Analysis – February 16, 2016

EUR/USD The most traded currency pair broke its bearish trend line yesterday. This is the current H1 chart of the EUR/USD. In the red circle you see the moment when the price broke its bearish trend line. Currently, the EUR/USD attempts to confirm a double bottom reversal pattern, which brings additional certainty to the daily […]

Daily Market Analysis – February 15, 2016

EUR/USD The US Dollar keeps expanding gains versus the Euro after the pair broke the support at 1.1238. As you see, the most traded Forex pair keeps moving under its hourly bearish trend (blue). At the same time, the last three bigger bottoms of the price form a lower level (red). When combined, the blue […]

Daily Market Analysis – February 12, 2016

EUR/USD The Euro price dropped versus the Dollar yesterday. The decrease came after a second interaction of the EUR/USD with the 1.1336 resistance. This time we show you the H4 chart of the EUR/USD. The reason is the rising wedge we told you about yesterday. The two black arrows show the price’s tops on the […]

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