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In the previous analysis I have pointed out that the two things can happen. the pair could reach $1.19000 and then make a pullback to $1.18200 Both points were realized last week in just one day, on Monday. Since the price broke below the uptrend channel support line and it bounced back to...

In the previous analysis I have pointed that the price could reach $1.16178 level and then make a pullback to $1.16700 – $1.17000 area. The price did just that and reached uptrend channel support level which is a confluence of horizontal resistance and uptrend support line. From there the price...

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The pair ended the week in the middle area between two strong resistance levels. On the upper side we have $1.17000 and on the bottom side we have $1.16178. Well, as it now looks like the market is heading down and the first support that is ahead is $1.16178 which stopped the price last time...

EURUSD found strong support at the $1.17000 and for the whole week the pair is moving higher. The rise of a price was stopped at the resistance level of a new uptrend channel. End of the week formed a bullish engulfing candle suggesting further move up at the beginning of the next week. The...

EURUSD has made a pullback this week after it confirmed breakout from the descending channel. On Monday, October 12, the pair formed an indecision candle that stopped price moving higher. Since then the pair was making bearish candles. On Wednesday the pair formed again indecision candle after...

The pair returned again inside range area that was active from July 27 until September 22. Bears could not hold the price below $1.17000. The EURUSD has fall down to the first support level at $1.16178 where it found buyers that stopped the price. You can see I have drawn downtrend lines to...

The price finally found a way outside of the range between $1.17000 and $1.19000. The last two days candles were strong bearish candles that indicated the price could move down. If you take a look in the range area there were no similar strong bearish candles like these ones. While the price...

The price is moving as predicted on the yesterday 's analysis and on Saturday analysis. It is moving at a slow pace and breaking support levels targeting $1.17000. Yesterday the $1.17842 support level did not hold. When the price reached this support a small pullback happened that did not last...

The price is on a slow pace heading down since yesterday when the market opened. It is still inside a small range between $1.18398 and $1.17842, but the price has managed to break below 4H trend line support. The next step for the price is to break below $1.17842 support level which is the...

EURUSD price has closed the day in an area between two small resistance and support lines. The area between $1.18398 and $1.17842 has held the price previous week in between until the price has broken outside and reached new highs, $1.20000 level. News published yesterday where the U.S. data...

The price has done what I was saying in yesterday’s analysis. The move down to the first support level at $1.17842 was reached and the price pulled back to the $1.18398 level. The price is now on the uptrend support line which was broker and now is retesting that line as a resistance. Today we...

As the market condition looks like we have a bearish scenario where the price cannot find strong enough support to back it up for move up. Sellers are in control and what we can see is that the daily Pinbar formed two days ago is giving its results. The price is moving down and the next support...

The price stopped at the first strong support area around $1.19000. This is the upper level of the range area in which the price has entered at the end of July and break out two day ago on August 31. It will be the level at which the price will take some time before making a decision will it...

The EURUSD price has returned back in the range area. Break above $1.19000 and daily close was not enough to hold the price above which means bulls have lost the strength. As you can see on the H4 time frame there are two strong bearish candles that took the price from above $1.19000 back in...