EUR/USD has broken through a support line of a Triangle and suggests a possible movement to 1.1067 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]
EUR/USD is moving towards the resistance line of a Channel Up. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 13 days and may test it again within […]
EUR/USD is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 2 days. Did you know that our social media feeds are updated only 3x per day, and don’t look at […]
EUR/USD is heading towards the resistance line of a Channel Up 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 […]
EUR/USD is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of EUR/USD to test 1.1062 within the next 3 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 […]
By: Dima Chernovolov EUR/USD continues to rise inside the 4-hour Up Channel chart pattern which was identified recently by Autochartist. Autochartist rates the quality of this Up Channel at the 6-bar level – which reflects the slow Initial Trend (2 bars), significant Uniformity (7 bars) and strong Clarity (8 bars). EUR/USD is expected to rise […]
The movement of EUR/USD towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
EUR/USD has broken through the support line of a Support. It has touched this line numerous times in the last 16 days. This breakout shows a potential move to 1.0906 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 a price line of 1.1005 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 could see […]
Those of you that are trend followers are probably eagerly watching EUR/USD to see if its latest 1.23% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 9 days move. Did you know that our social media feeds are updated only 3x per day, and […]
