EURUSD Forecast October 6, 2015, Technical Analysis
The EURUSD pair initially tried to rally during the day on Monday, but found far too much in the way of resistance near the 1.13 level.
The EURUSD pair initially tried to rally during the day on Monday, but found far too much in the way of resistance near the 1.13 level.
The EURUSD pair initially fell during the day on Wednesday, but found enough support near the 1.12 level to turn things back around and form a nice-looking hammer.
EURGBP is still moving sideways on its 1-hour forex chart, bouncing off support at the .7260 area and finding resistance at .7360. Price is on its way up to test the top of the range once more while stochastic is moving down from the overbought zone, suggesting that the resistance might hold.
EURUSD remains in downtrend from 1.1713, the bounce from 1.1087 is likely correction of the downtrend.
The EURUSD pair initially fell during the day on Tuesday, but found support yet again as the market looks like it is trying to find enough support to turn things back around.
EURUSD broke above 1.1467 resistance, and reached as high as 1.1713.
The EURUSD pair fell during the day on Tuesday, slamming into the 1.14 handle.
The EURUSD pair fell during the day on Tuesday, reaching down towards the 1.10 handle.
The EURUSD pair broke higher during the course of the session in a massive show strength on Wednesday.
The EURUSD pair broke higher during the course of the session on Tuesday, clearing the 1.10 level.