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
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
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
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
Daily timeframe On this zoomed out chart we can better see all the important support and resistance zones. The pair finally broke below the 1.10 level but still there has… more
Daily timeframe The Friday candle was a significant bearish momentum on the pair, though the price still didn’t break out of the range between 1.10 and 1.1160. It’s difficult to… more
Daily timeframe After breaking outside of the large multi-month channel, the pair is now in some sort of a horizontal channel, consolidating after the volatility spike from the Brexit event…. more
Daily timeframe EURUSD consolidated last week inside of the large Brexit candle. As you can see the on the chart the last swing up is in the form of a… more
Somewhat surprisingly, the UK decided to leave the EU last Thursday, and with it spurring unprecedented market turmoil. The Euro fell against the dollar amid increased uncertainties over the credibility… more
The Euro declined moderately last week after the strong gains in the first week of this month. This Wednesday will be an important day for the pair because the FOMC… more
Eurozone – Unemployment Rate Today, at GMT 9:00 a.m., the Eurostat released the unemployment rate of the Eurozone. This unemployment rate measures the percentage of the total work force who… more