EURUSD Forecast November 4, 2015, Technical Analysis
The EURUSD pair fell significantly during the course of the session on Tuesday, but there is an uptrend line just below that should continue to keep this market somewhat supported.
The EURUSD pair fell significantly during the course of the session on Tuesday, but there is an uptrend line just below that should continue to keep this market somewhat supported.
EURUSD had been trading inside an ascending triangle chart pattern since the start of the year, as price formed higher lows and found resistance near the 1.1500 major psychological level.
EURUSD has been trending higher on its short-term time frames but a look at the daily chart reveals that the pair is still consolidating inside an ascending triangle pattern.
The EURUSD pair went higher during the course of the session on Tuesday, trying to break above the 1.14 level again.
The EUR/USD pair went back and forth during the course of the session on Thursday, as we continue to look very volatile.
The EURUSD pair broke higher during the course of the day on Tuesday, as we continue to bounce between the 1.11 level on the bottom, and the 1.13 level on the top.
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.
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.