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Category Archives: EUR/USD Weekly Analysis

EURUSD weekly analysis, technical reports, news, forecasts and more for this key currency pair. Our primary focus is based around price action developments and technical points of interest on the euro/dollar currency charts. Other topics include COT report updates, key potential support and resistance zones, Fibonacci levels, candle patterns and related market updates.

EURUSD Technical Analysis – July 9th – Euro Dollar Update

EURUSD Technical Analysis – July 9th – Euro Dollar Update

EURUSD Technical Analysis – July 9th – Euro Dollar Update Our weekend EURUSD analysis noted that price was trading around the weekly demand area which roughly spans between the 1.2750 – 1.2850 zone.   The euro/dollar pair was likewise trading at the 2nd ascending trend line as shown on our weekly chart – after breaking under the steeper trend line last week. OurContinue Reading

EURUSD Technical Update – July 8th – Euro Dollar Weekly Analysis

EURUSD Technical Update – July 8th – Euro Dollar Weekly Analysis

EURUSD Technical Update – July 8th – Euro Dollar Weekly Analysis Earlier this week we noted that the EURUSD pair had seen a break of the ascending trend line around 1.2925, which dated back to July last year, after previously breaking through the 1.3000 psychological level. Price is now trading around the prior weekly demand area which roughly spans between the 1.2750 – 1.2850Continue Reading

EURUSD Technical Update – July 5th – Euro Breaks Ascending Trend Line

EURUSD Technical Update – July 5th – Euro Breaks Ascending Trend Line

EURUSD Technical Update – July 5th – Euro Breaks Ascending Trend Line The EURUSD pair has seen a break of the ascending trend line around 1.2925, dating back to July last year, on a continuation of the recent bearish trend. Price moved under yesterdays low around 1.2921, after the European Central Bank (ECB) articulated a dovish stance on interest rates and President Mario DraghiContinue Reading

EURUSD Technical Update – July 4th – Euro Finds Support At Ascending Trend Line

EURUSD Technical Update – July 4th – Euro Finds Support At Ascending Trend Line

EURUSD Technical Update – July 4th – Euro Finds Support At Ascending Trend Line The EURUSD pair continued with the prevailing trend lower after finding resistance at the converging 50 and 200-day SMAs on Monday and subsequently breaking through the 1.3000 round number  level. Further to this, our last post noted that “a close under 1.3000 would add bearish pressureContinue Reading

EURUSD Technical Update – WC July 1st – Euro Dollar Analysis

EURUSD Technical Update – WC July 1st – Euro Dollar Analysis

EURUSD Technical Update – WC July 1st – Euro Dollar Analysis The EURUSD pair managed a corrective move higher to the 1.3100 area on Friday, as aligned with the 200 SMA (simple moving average).  The 200 SMA was a technical point of interest we had highlighted in our last update as the initial resistance level to monitor. Month-end demand for theContinue Reading

EURUSD Technical Update – June 28th – Euro Dollar Analysis

EURUSD Technical Update – June 28th – Euro Dollar Analysis

EURUSD Technical Update – June 28th – Euro Dollar Analysis Our previous EURUSD technical update highlighted the move into the key 1.3000 handle round number area, a significant technical level of interest. Price pierced the 1.3000 level, but subsequently managed to close the day higher, closing as a daily inside candle. There has now been a move above theContinue Reading

EURUSD Technical Update – Week Of June 24th – Euro Dollar Analysis

EURUSD Technical Update – Week Of June 24th – Euro Dollar Analysis

EURUSD Technical Update – Week Of June 24th – Euro Dollar Analysis Our last EURUSD technical update highlighted a rejection from the 61.8% Fibonacci retrace area around 1.3340, which is roughly aligned with the weekly timeframe 200 SMA. The key currency pair has seen a bearish phase during the following days, with a bearish engulfing candle marking the recent 1.3415Continue Reading