EURUSD Forecast August 15, 2016, Technical Analysis
The EURUSD pair initially tried to rally during the course of the day on Friday, but gave back about half of the games in order to form a shooting star.
The EURUSD pair initially tried to rally during the course of the day on Friday, but gave back about half of the games in order to form a shooting star.
The EURUSD pair fell significantly during the course of the session on Wednesday, forming what is essentially a “today shooting star” in this market at the 1.12 level.
The EURUSD pair did have a bullish day during the day on Tuesday, breaking above the 1.12 level.
The EURUSD pair went back and forth during the course of the session on Monday, testing the 1.12 level for resistance.
The EURUSD pair initially fell during the day on Monday, but turned around to slam into the 1.10 level again.
The EURUSD pair broke down below the bottom of a couple of hammers during the Friday session, so therefore if you we are getting ready to go even lower.
The EURUSD pair went back and forth during the course of the day on Monday, as we continue to flood sideways.
EURUSD has been trading inside a range, moving between support at 1.1035 and resistance at 1.1150. Price is currently testing support at the bottom of the range and seems ready for a bounce back to the top.
EURUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.1616.
The EURUSD pair broke to the upside during the day on Tuesday, but turn right back around to form a bit of a shooting star.