EURUSD Forecast July 7, 2016, Technical Analysis
The EURUSD pair initially fell during the course of the session on Wednesday, but turn right back around and form a hammer.
The EURUSD pair initially fell during the course of the session on Wednesday, but turn right back around and form a hammer.
The EURUSD pair initially tried to rally during the course of the day on Tuesday but found the previous uptrend line as resistive, and as a result we turn right back around to form a fairly negative candle.
The EURUSD pair initially fell during the day on Monday, but then turned back around to form a bit of a hammer.
The EURUSD pair initially tried to rally during the day on Thursday, but turned right back around to fall fairly significantly during the day.
The EURUSD pair rallied initially during the day on Tuesday, filling the gap from Monday.
The EURUSD pair gapped lower at the open on Monday, and bounced off of the 1.10 level during the day.
EURUSD seems to have bullish momentum on its side at the moment, as price is moving inside an ascending channel and bouncing off support. A test of the channel resistance at 1.1600 could be underway but there’s nearby resistance at the top of a longer-term range around 1.1450.
The EURUSD pair initially tried to rally during the day on Monday as we gapped at the open, but at the end of the day we did up turning right back around and filling that gap.
EURUSD is testing the support of the price channel on daily chart.
EURUSD stays in the upward price channel on daily chart, and remains in uptrend from 1.0517.