EURUSD weekly analysis October 03 – October 07, 2016
Weekly timeframe The last 6 -7 weeks have been nothing but horizontal price action on EURUSD. The weekly horizontal range since the March 2015 lows still holds, and at the… more
Archive for 2016
EURUSD weekly analysis September 26 – September 30, 2016
Daily timeframe EURUSD continues to trade sideways and last week it formed a double bottom instead of accelerating to the downside. We have drawn all the horizontal support and resistance… more
EURUSD weekly analysis September 12 – September 16, 2016
Daily timeframe So, EURUSD broke this channel as well, and now it remains to be seen how the pair will act outside of it. We have drawn a resistance trendline… more
EURUSD weekly analysis September 12 – September 16, 2016
Daily timeframe The Euro continues to be resilient and EURUSD still can’t start a solid downtrend. Notably, the blue channel on the chart is important at the moment as it… more
EURUSD weekly analysis September 05 – September 09, 2016
Daily timeframe The pair traded mixed last week ending it only slightly lower than the previous week. However, Friday’s candle suggests there is more of the downward price action to… more
EURUSD weekly analysis August 29 – September 02, 201
Daily timeframe EURUSD reversed from the strong area of resistance last week even before reaching the 1.14 level and it even went off to break the small 1-month channel last… more
EURUSD weekly analysis August 22 – August 26, 2016
Daily timeframe The EURUSD pair is approaching the resistance area at 1.14. This level marks an important technical zone because several resistance lines intersect at or near 1.14 (See the… more
EURUSD weekly analysis August 15 – August 19, 2016
Daily timeframe The picture has not changed much since last week as the EURUSD pair is still tightly constrained inside the post-Brexit channel. One interesting thing to take notice of… more
EURUSD weekly analysis August 08 – August 12, 2016
Weekly timeframe After several weeks it’s time to update the longer term picture. All the lines from the Daily chart are left on this weekly chart plus the 17-month-old consolidation… more
EURUSD weekly analysis August 01 – August 05, 2016
Daily timeframe Last week, somewhat surprisingly, we saw the pair breaking out to the upside instead of continuing to the downside. Now it stands right in the resistance area of… more
