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
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
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