The EUR/USD daily Forex chart sold off again overnight. It is now in its seventh day of a bear micro channel after a 10-day bull micro channel. The volatility is increasing, and this increases the chance of a breakout soon. While the momentum down over the past 6 days favors the bears, there have been many strong […]
The EUR/USD daily Forex chart is back to the middle of its 4 month trading range. Legs up and down have lasted 2 – 3 weeks. This leg will probably end soon. The February selloff was unusually strong. When that is the case, the bear low typically gets tested. Consequently, the daily chart will probably begin retrace […]
Currency pair Euro/Dollar EUR/USD continues to move as part of the decline and formation of the bearish wave «Wolfe Wave». At the time of the publication of the forecast, the euro/dollar rate is 1.1328. At the moment, we should expect an attempt to grow and test the resistance level near the 1.1370 area. Further, the continuation of […]
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Quotes of the currency pair US Dollar to Japanese Yen. USD/JPY continue to move as part of the growth and formation of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 110.79. At the moment, we should expect an attempt […]
EUR/USD has ticked higher in the Monday session. Currently, the pair is trading at 1.1308, up 0.12% on the day. It’s a quiet day on the release front. There are no data events out of the eurozone. In the U.S., banks are closed for a holiday, so there are no U.S. indicators until Tuesday. Traders […]
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