Here on the 8hr, we can see how well the 1.13584 is supporting the Euro. I have extended the counter trendline which if we do break to the upside...
EURUSD
Here on the daily we have a much clearer view of the trendline supporting price, however as mentioned in the daily update the 1.13580...
Here on the 8hr timeframe we can see that the 3rd rejection of the counter trend-line allowed the Dollar to push price back below...
Following the meaningful vote on Tuesday, the defeat for Theresa May’s parliament was not welcomed by the Euro, which saw price slip back below...
Price managed to hold firm above 1.1450 despite all the news surrounding brexit and the weak industrial data in the Eurozone. As mentioned yesterday...
As mentioned in the monthly update, the 150pip range has been broken and price has sustained above the 1.1450 monthly resistance level after multiple...
The moving averages are currently crossed to the upside and supporting as the Euro discreetly prints H.H’s and H.L’s. Should the daily closure sustain...
Currently Euro is finding difficulty pushing above 1.1484 however, should we push above then we will indeed retest last weeks highs of 1.1580
The refined fib region continues to be a strong support area for the Euro despite the trendline break yesterday. Price reversed around 100pips back...
The 8hr candle on yesterdays update closed back below 1.1400 which led to a continuation down towards the 1.13 daily support region. The trendline...