EURUSD Forecast May 5, 2016, Technical Analysis
The Euro tried to rally during the day on Wednesday, but struggled above the 1.15 level again.
The Euro tried to rally during the day on Wednesday, but struggled above the 1.15 level again.
The EURUSD pair broke higher during the course of the session on Friday, as it looks like we are getting ready to break towards the 1.15 handle.
EURUSD remains in uptrend from 1.0517.
The EURUSD pair had a slightly positive session during the day on Wednesday, pre-FOMC Statement.
The EURUSD pair rose during the course of the session on Monday, as we continue to see support just below.
The EURUSD pair initially tried to rally during the day on Wednesday, but turn right back around to form a rather negative candle.
The EURUSD pair rose during the day on Monday, as we continue to find buyers in this market.
The EURUSD pair fell rather hard during the course of the day on Wednesday, breaking below the 1.13 level.
The EURUSD pair went back and forth during the course of the day on Monday, showing quite a bit of confusion at the 1.14 handle which of course is the beginning of massive resistance.
The EURUSD pair initially fell during the course of the day on Tuesday, but turned right back around to form a bit of a hammer.