The EUR / USD moved slightly lower, after hitting the resistance of 1.1975, but then recovered to trade virtually unchanged.
Short term momentum indicators detect a slowdown in the downward movement by a corrective movement for high is possible.
The RSI sank into oversold territory, went up and now appears to be able to get out of extreme field.
The MACD also and will probably cross above the signal line.
R3 - 1.20300
R2 - 1.19992
R1 - 1.19453
Daily Std. Pivot - 1.19145
S1 - 1.18606
S2 - 1.18298
S3 - 1.17759
The EUR / USD moved slightly lower, after hitting the resistance of 1.1975, but then recovered to trade virtually unchanged.
Short term momentum indicators detect a slowdown in the downward movement by a corrective movement for high is possible.
The RSI sank into oversold territory, went up and now appears to be able to get out of extreme field.
The MACD also and will probably cross above the signal line.
R3 - 1.20300
R2 - 1.19992
R1 - 1.19453
Daily Std. Pivot - 1.19145
S1 - 1.18606
S2 - 1.18298
S3 - 1.17759
Euro continue to face strong heavy pressure, there is a chance we will see euro drop more this week before any correction take place.
I agree with you.
EURUSD fell making a new multi-year low at 1.1846 during yesterday session and settled at 1.18728. We might see the pair in a choppy sideways action between now and nonfarm payroll numbers on Friday.
The EUR/USD bearish trend is as strong as ever - the pair broke below 1.1850 and will soon reach 1.1800. The way things are going it might soon reach 1.1700.
yesterday hammer didnāt form and the downtrend continue
Very useful, thank you.
Maybe NFP on Friday will be make some changes on the current unstoppable falling.
Letās see this pair would still be dropping and unstoppable.
Short-term momentum studies support more falls.
The RSI fell and remained in the oversold territory, after āhittingā on the 30 line resistance, while the MACD remains below the zero line and signal.
R3 - 1.19828
R2 - 1.19393
R1 - 1.18885
Daily Std. Pivot - 1.18450
S1 - 1.17942
S2 - 1.17507
S3 - 1.16999
EURUSD fell during yesterday session, testing the 1.18 level but technically, the pair remains very bearish but also much oversold, leaving us looking for a short-term bullish correction under 1.18, probably toward 1.20 where we once again expect to see sellers as long as the same fundamental environment remains unchanged.
EUR / USD continued to fall after the known CPI data from the Euro zone.
Deflation began in December.
The positive difference between the price and the RSI discloses a descending deceleration time, and therefore would be prudent about a lowest possible recovery before the next descending phase.
Still short-term outlook remains negative even with the rate negotiating within a downlink channel.
R3 - 1.19828
R2 - 1.19393
R1 - 1.18450
Daily Std. Pivot - 1.18450
S1 - 1.17942
S2 - 1.17507
S3 - 1.16999
EUR/USD broke below 1.1800 and fell even lower, reaching 1.1750, but finally formed a hammer candlestick in the four hour filter chart. Considering how oversold the pair is that hammer is likely a signal for a consolidation. That said, I think the pair will eventually reach 1.1700 sooner or later.
we will have to wait and see. RSI is oversold and the price keep forming Hammer candles but fail to consolidate.
Great analysis, thank you.
EURUSD remained bearish yesterday, short, medium and long-term technical trends remain bearish, mirroring fundamental concern about the EU and ECB stimulus forecasts.
We remain short-term bearish under 1.1850 but risk of an oversold pullback is too great to get a solid reward/risk setup here.
EUR / USD continued to fall yesterday.
The positive divergence between the RSI and the price action reveals a time of slowing down, and so it is possible that we may see a smaller recovery before the next downturn.
Regarding the broader picture, the broader downward trend is still in force.
R3 - 1.19336
R2 - 1.18903
R1 - 1.18404
Daily Std. Pivot - 1.17971
S1 - 1.17472
S2 - 1.17039
S3 - 1.16540
EUR/USD couldnāt break below the support at 1.1750, formed a hammer candlestick and a double bottom, both visible in the four hour filter chart, and then started climbing. It appears that some correction is in order and the pair will keep climbing until it reaches targed 1.1920, where there is strong resistance.
Now 1.1800 will be strong support price will not break it easily. price is completely oversold