EURUSD Forecast July 5, 2016, Technical Analysis
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 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.
Published on Jun 30, 2016 Small business owner Butch Yamali on why Britain leaving the European Union could hurt small businesses in the U.S. and the impact of government regulations.
The EURUSD pair rallied initially during the day on Tuesday, filling the gap from Monday.
The GBPUSD pair gapped lower at the open on Monday as anticipated, and as a result we continue to see selling pressure.
The GBPUSD pair initially fell during the course of the day and then turn right back around to break out to the upside. However, there is still more than enough resistance at the 1.48 level to keep this market somewhat soft, and this was initially a “knee-jerk reaction” to the latest polling data out of the UK when it comes to the EU referendum.
The GBPUSD pair fell during the day on Thursday, as we broke down below the 1.45 handle.
The EURUSD pair fell significantly during the course of the session on Monday, in reaction to Mario Draghi suggesting that the European Central Bank could very well work against the value of the Euro as there are a lot of concerns with the marketplace now.
The EURUSD pair broke higher during the course of the session on Wednesday, using the 1.10 level as a bit of a springboard. Because of this, the market looks as if it is ready to continue going higher, and we believe that it is only a matter of time before this market continues to go higher.
The GBPUSD pair broke down significantly during the session on Tuesday, slicing through the 1.55 handle.