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EUR/USD found some support at 1.1230, but I doubt it will remain above that level for long. If it breaks below 1.1230 next target is 1.1200, then 1.1130.
The EURUSD may continue dropping, but on the daily chart it still needs to make a lower low in order to keep its bearish momentum.
It is back to ranging. Again. No direction
It is back to ranging. Again. No direction
Yep. Totally dead
Yep. Totally dead
And no signs of life yet. Probably profit taking will move this later today
Any change in trend was premature. For now there are no signs of trend change - secondary support is formed, expect revisiting the support and resistance currently at 1.1380
The pair formed a spinning top above the support at 1.1230 and started moving to the upside. It's currently testing the resistance at 1.1300 but it's unlikely to break above that level before the market closes later today.
The pair formed a spinning top above the support at 1.1230 and started moving to the upside. It's currently testing the resistance at 1.1300 but it's unlikely to break above that level before the market closes later today.
It held, but the bearish move is interrupted. Does not seem to have strength to continue down
It held, but the bearish move is interrupted. Does not seem to have strength to continue down
True, downside potential seems limited.
True, downside potential seems limited.
It all looks like the good old cup pattern. If it is so, we shall see 1.14 break very soon