Euro News

Daily analysis of major pairs for January 2, 2018

01 Jan 2018 @ 02:32
The USD/JPY went sideways during last Monday and Tuesday, and then began to drop on Wednesday, until the market closed on Friday. There is a Bearish Confirmation Pattern in the 4-hour chart (though the outlook on the market is neutral), which would become strong as price moves further southwards this week. EUR/USD: The EUR/USD rose […]
 

Weekly Trading Forecasts for Major Pairs (January 1 – 5, 2018)

31 Dec 2017 @ 10:26
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish There is a Bullish Confirmation Pattern on the market. Price went upwards by 170 pips last week, almost managing to close barely above the support line at 1.2000. While there could be further bullish effort this week, it is not may not take price […]
 

Daily analysis of major pairs for December 25, 2017

24 Dec 2017 @ 22:36
The USD/CHF did not make any significant movement last week, neither is it expected to make any significant movement this week (because volatility would thin out). Price is thus expected to oscillate between the resistance level at 0.9950 and support level at 0.9800 within the next several trading days. However, a breakout will occur early […]
 

Weekly Trading Forecasts for Major Pairs (December 25 - 29, 2017)

24 Dec 2017 @ 08:49
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is bullish in the short-term, but neutral in the long-term. Price rose from the support line at 1.1750 and tested the resistance line at 1.1900 (a movement of 150 pips). However, price closed below the resistance line on Friday. Bulls might still […]
 

Daily analysis of major pairs for December 18, 2017

18 Dec 2017 @ 05:48
The EUR/USD made some bullish effort last week, but further rally was rejected when the resistance line at 1.1850 was tested. Since then, price has gone down by 100 pips, now almost below the support line at 1.1750. Further bearish movement is expected this week as price goes towards another support line at 1.1700. EUR/USD: […]
 

Weekly Trading Forecasts for Major Pairs (December 18 - 22, 2017)

17 Dec 2017 @ 04:15
Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair is bearish in the short-term, and neutral in the long-term. Price has gradually come down since November 27, and it is now around the support line at 1.1750, and it may go lower to test other support lines at 1.1700 and 1.1650 […]
 

Daily analysis of major pairs for December 11, 2017

11 Dec 2017 @ 04:09
Throughout last week, the EUR/USD went downwards by 120 pips, thus leading to a Bearish Confirmation Pattern in the market. While the support lines at 1.1750 and 1.1700 could be tested, it is also expected that a rally will occur sometime this week, owing to a bearish run on the USD/CHF. EUR/USD: Throughout last week, […]
 

Weekly Trading Forecasts for Major Pairs (December 11 - 15, 2017)

10 Dec 2017 @ 00:30
Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish in the short-term, for price went southwards throughout last week, moving briefly below the support line at 1.1750 and then closing above that support line on Friday. Other support lines at 1.1700 and 1.1650 could be tested this week, provided […]
 

Daily analysis of major pairs for December 4, 2017

03 Dec 2017 @ 23:28
The persistent bullish effort on GBP/USD has already paid off, and price has gained 460 pips since November 13. There was a slight bearish correction on Friday, after which price would resume its bullish journey, targeting the distribution territories at 1.3500, 1.3550 and 1.3600. EUR/USD: The EUR/USD met a considerable challenge last week –which threatened […]
 

Weekly Trading Forecasts for Major Pairs (December 4 - 8, 2017)

02 Dec 2017 @ 12:04
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The bullish bias on EURUSD was challenged last week, as price was pulled towards the support line at 1.1800. However, bulls managed to push price upwards, thus saving the bullish bias. Price is currently close to the resistance line at 1.1900, and it is […]
 
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