EURUSD Forecast June 10, 2016, Technical Analysis
The EURUSD pair broke down during the day on Thursday, forming an outside bearish candle.
The EURUSD pair broke down during the day on Thursday, forming an outside bearish candle.
The EURUSD pair failed to move again during the day on Tuesday, as we are simply grinding sideways.
Being contained by the bottom of the upward price channel on daily chart, EURUSD rebounded from 1.1097,
The EURUSD pair initially fell during the course of the session on Wednesday, but then turn right back around as the Euro gained in general.
The EURUSD pair initially tried to rally during the day on Tuesday, but turned right back around to form a shooting star.
The EURUSD pair rose slightly during the course of the day on Monday, but you have to keep in mind that the Americans were away for the Memorial Day holiday.
EURUSD has been trending lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows. Price appears to be on its way to test the resistance once more after the channel support held.
The EURUSD pair initially tried to rally during the course of the session on Tuesday, but fell significantly and broke down below the 1.12 level.
The EURUSD pair initially tried to go higher on Monday, but turned back around to form a slightly negative candle.
EURUSD’s fall from 1.1616 extended to as low as 1.1179. Deeper decline to test the support of the upward price channel on daily chart could be seen next week.