EURUSD Forecast December 9, 2015 Technical Analysis
The EURUSD pair broke higher during the course of the day on Tuesday, breaking the top of the hammer that had formed on Monday.
The EURUSD pair broke higher during the course of the day on Tuesday, breaking the top of the hammer that had formed on Monday.
The EUR/USD pair fell slightly during the course of the session on Friday, as the previous uptrend line now is offering quite a bit of resistance.
The EURUSD pair initially fell during the day on Thursday, but then rocketed to the upside to crash into the bottom of the uptrend line that had previously made the ascending triangle.
The EURUSD pair rallied during the day on Tuesday, bouncing above the 1.06 handle.
At this point in time, we believe it’s pretty much a foregone conclusion that the market is going to reach down to the 1.05 handle. However, there isn’t much in the way of room between here and there so we believe that shorting this market off of short-term time frames will be about the only way to go.
The EURUSD pair went back and forth during the course of the day on Monday, as we continue to struggle to keep any gains at this point in time.
EURUSD is facing 1.0462 (Mar 13 low) support, a breakdown below this level will indicate that the long term downtrend
The EUR/USD pair went back and forth during the course of the day on Thursday, forming a fairly neutral candle.
The EURUSD pair initially gapped lower at the open on Monday, mainly as a knee-jerk reaction to the Parisian terror attacks in our opinion.
The EURUSD pair fell during the course of the session on Tuesday, as we continue to grind our way down in this market. In fact, we got below the 1.07 handle, and as a result we are clear to go down to the 1.06 handle.