EUR/USD is heading towards the support line of a Pennant and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could […]
EUR/USD is heading towards the support line of a Channel Down and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
The breakout of EUR/USD through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of EUR/USD to test 1.1012 within the next 8 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any […]
Those of you that are trend followers are probably eagerly watching EUR/USD to see if its latest 1.92% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 10 days move. Did you know that our social media feeds are updated only 3x per day, and […]
The movement of EUR/USD towards 1.1098 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines. […]
EUR/USD has broken through the support line of a Support. It has touched this line numerous times in the last 14 days. This breakout shows a potential move to 1.1026 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout […]
EUR/USD is heading towards the support line of a Descending Triangle. If this movement continues, we expect the price of EUR/USD to test 1.1065 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up […]
EUR/USD is heading towards the resistance line of a Ascending Triangle and could reach this point within the next 5 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
EUR/USD is heading towards the resistance line of a Channel Down and could reach this point within the next 15 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
EUR/USD is moving towards the resistance line of a Channel Up which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If EUR/USD continues in its current trajectory, […]
