EURUSD Forecast May 25, 2016, Technical Analysis
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 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.
The EURUSD pair fell slightly during the course of the day on Wednesday, as we continue to see quite a bit of volatility in this choppy market.
The EURUSD pair did very little during the day on Monday, as we continue to hang just above the 1.13 level.
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 day, clearing the 1.15 level.
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.