eur/usd
In short term eur/usd continues to offset 23-april loss and is very near to its goal. Longer term trend of eur/usd continues to be bearish.
5 hour chart is indicating a downtrend at the moment.
I forgot to attach chart. Here is the chart.
Very correct. Similar formation continues. And eur/usd ended week in negative zone.
Faield to tocuh key psychological level of 1.3100.
Nice analysis.
I would like to hear ur thoughts on eur/usd's performance in upcoming week.
Eur/usd touched key resistance zone of 1.3100 today. A significant break would make trend strongly bullish.
Look at the chart below which shows that current price is around 1.3100 and investors r waiting for a breakout. Incase it occurs, we can hope to grab some nice profit for today.
The good or ill of a man lies within his own will. – Epictetus
As expected, eur/usd broke above 1.3100 and interest rate cut expectations supported it to take it to near 1.3200 level. Today's trend will be decided after FOMC.
Stick to your rules
Eur/usd was able to settled higher in this week. Overall, eur/usd is range-bound. Technically there is no major break so far above resistance or below support.
I hope eur/usd will be able to break support zone of around 1.2950.
Eur/usd has touched 1.2800 last week. Now it will continue its way towards support level of 1.2700. USD has been pretty good against all major currencies last week. Not only currencies but also u.s stocks remained strongly bullish.
This week was expected to be bearish. but it remained rangebound and ended in gains, This sideways movement was unexpected.
After touching 1.3108 on 3rd june, eur/usd is moving range-bound between 1.3108 and 1.3042. Today we have some important data release which could take the eur/usd out of this range.
Pair is still moving in range. After bad u.s data, it has moved very little as opposed to expectations. Trend is not very clear unless a significant breakout occurs.
Stick to your rules