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The EURUSD pair provided sideways trades to approach testing 1.2304 level, ending today’s trading below it, which makes us keep our bearish overview for the upcoming period, reminding you that our main target is located at 1.2160, while stochastic reaches the overbought areas’ thresholds to support the expectations to decline
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EUR/USD
The EURUSD pair tested 1.2304 level and keeps its stability below it, to keep the bearish trend scenario active for today, supported by the negative pressure formed by the EMA50, waiting to target 1.2160 level mainly, reminding you that breaching 1.2304 will lead the price to regain the main bullish trend again.
GBP/JPY
The GBPJPY pair confirmed its affection by the bearish bias domination, reaching the moving average 55 confirming the stability of the resistance at 150.80, therefore, we will keep waiting for renewing the bearish attempts and targeting 147.35 level, easing the attempt to test the main bullish channel’s support at 146.00. Stochastic continuation for providing negative trading below 50 level increases the negative pressure by the continuation of providing the negative momentum, to ease the attemp…
GBPUSD
The GBPUSD pair shows bullish bias since morning in attempt to move away from the short term bullish trend line, motivated by stochastic positivity, which supports the continuation of our bullish trend expectations efficiently for the rest of the day, waiting for visiting 1.4344 level mainly, reminding you that holding above 1.4025 is important for the continuation of the expected bullish trend for today.
GBP/JPY
The GBPJPY pair continued to provide new sideways trades below 150.80 barrier, to increase the chances of forming negative trades in the near term and medium term period, while confirming the negativity requires crawling below the moving average 55 to ease the attempt to reach 149.00 level that forms the first negative target.
In case the current resistance was breached and we got a positive close above it, that will open the way to form new bullish attack and target positive levels that start a…
In case the current resistance was breached and we got a positive close above it, that will open the way to form new bullish attack and target positive levels that start a…
EUR/USD
The EURUSD pair shows more sideways trades, settling around 1.2400 barrier, and stochastic continues to approach the oversold areas, waiting to motivate the price to resume the bullish trend in the upcoming sessions, while it needs to breach 1.2445 to confirm the continuation of the bullish wave towards the recently recorded top at 1.2536 as a next main station. Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, unless breaking 1…
EUR/USD
The EURUSD pair provided positive trades yesterday to complete forming an inverted head and shoulders pattern that appears on the chart, which supports the chances of continuing the bullish bias in the upcoming sessions, and the price is testing the key resistance that rises now to 1.2430, waiting to breach this level to confirm extending the bullish wave towards the first positive target at 1.2536. Therefore, we expect witnessing more rise for today supported by the EMA50, noting that holding a…
EUR/USD
The EURUSD pair continues to fluctuate between the key levels represented by 1.2304 support and the resistance line that rises now to 1.2420, thus, we will continue with our neutrality until the price succeeds to breach one of the mentioned levels, noting that stochastic reaches the overbought areas now to contradict the EMA50 positivity. We remind you that breaking the mentioned support will push the price to visit 38.2% Fibonacci correction level at 1.2160 again, while breaching 1.2420 will pu…
EUR/USD Sideways
The EURUSD pair ended last Friday’s trading above 1.2304 level, moving above the EMA50 that provides positive support to the price now, which supports the chances of resuming the main bullish trend after stopping the bearish correction at 38.2% Fibonacci level recently. On the other hand, the price still below the main bullish channel’s support line, and stochastic provides clear negative signals now, which forms an obstacle against the price mission to rise. Therefore, we prefer staying aside t…
EUR/USD WEEKLY OUTLOOK
EUR/USD Highlights: EUR/USD found buyers late last week, but the bounce may result in a lower-high A lower-high could be quite important after double-topping at the 2008 trend-line Event risk comes by way of ECB meeting on Thursday, NFPs on FridayTo view the longer-term technical and fundamental outlook for the Euro, or to see our Top Trading Opportunities for 2018, check out the DailyFX Trading Guides.EUR/USD is coming perilously close to carving out a bearish price sequence in the days ahead. …