EUR/USD: Weekly view – From a long-term standpoint, the trend on this pair is still southbound in our opinion, and will only change once price closes above the weekly supply area at 1.1532-1.1278. Recent action, however, shows that the Euro is now trapped between a weekly swap level seen at 1.1051 and a weekly demand … Continue reading Tuesday 2nd June: Daily technical outlook and review.
EUR/USD: Weekly view – From a long-term standpoint, the trend is still southbound in our opinion, and will only change once price closes above the weekly supply area at 1.1532-1.1278. Recent action, however, shows that relatively strong buyers came into the market twenty or so pips from above a weekly demand area seen at 1.0519-1.0798 … Continue reading Monday 1st June: Weekly technical outlook and review (New Zealand Bank holiday today).
EUR/USD: Weekly view: The weekly timeframe shows us that relatively strong buying interest came into the market twenty or so pips from above a weekly demand area seen at 1.0519-1.0798. If the buyers remain in control here, we might see price shake hands with a weekly swap level coming in at 1.1051. Daily view: From … Continue reading Friday 29th May: Daily technical outlook and review.
EUR/USD: Weekly view: Recent events show that buying interest came into the market twenty or so pips from above a weekly demand area seen at 1.0519-1.0798. Daily view: From this angle, we can see that the latest bullish activity likely stems from price reacting off of a minor daily swap level coming in at 1.0819, … Continue reading Thursday 28th May: Daily technical outlook and review.
EUR/USD: Weekly view: Following last week’s close below the weekly swap level 1.1051, the Euro has so far continued to fall this week. Provided that the sellers can remain strong here, there’s a good chance price will be shaking hands with the weekly demand area seen just below at 1.0519-1.0798 sometime soon. Daily view: The … Continue reading Wednesday 27th May: Daily technical outlook and review.
