Traders are cutting their Dollar long positions this week ahead of the uncertainty surrounding the US Presidential election on November 8. The Dollar pullback this week has a lot to… more
Daily timeframe The pair broke the range after trading inside of it for one whole month. After the breakout last Tuesday the follow-through to the downside was fast, the pair… more
Daily timeframe EURUSD continues to trade stuck in the 150 pips range. Although the pair did break out of it intraday there is yet to be a close outside the… more
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
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
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
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
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
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
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
