Technical Overview: Weekly Pivot: 1.1581 Weekly Resistance: 1.1631 - 1.1663 - 1.1713 - 1.1765 - 1.1790 Weekly Support: 1.1531 - 1.1501 - 1.1449 - 1.1420 - 1.1369 Technical Indicators: MACD: MacD starting for more down side moment & show volume for seller side. RSI: The indicator moving below 50 level, means more downward movement. Moving Avg: SMA55 (1.1612)...
The EUR/USD pair jumped to 1.1979 following the release of the US Nonfarm Payroll August report. The pair however, changed course quickly on headlines reporting that the ECB won't be ready to taper QE until December, which seems a desperate move to keep the pair below the 1.2000 level. Now struggling around 1.1900, the 4 hours char shows that the pair was unable...
EURUSD October 24 outlook Let's analyze what will happen on EURUSD, especially on this week. As we can see this pair still in down trend, maybe buy is not a good option trade. If you wanna buy in this pair, use a stoploss and open at right support level. There is two major forex pattern in EURUSD, channel down pattern and descending triangle pattern. At channel...