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Cory Mitchell
Articles
Read all the technical research and analysis provided by Cory Mitchell
Overall there was not much change last week in the EUR/USD. Heading into this week, the 1.3100-1.3200 resistance still remains overhead, yet the trend also remains up. With the pullback ... In the last analysis I said the Euro was heading for a test of the dominant trendline at 1.2800. That target has been met and exceeded as the pair closed out the week at 1.2928. This means... The pair has pulled off the Tuesday highs, and is currently heading for a test of support (prior resistance) at 1.2600. Further support comes in at 1.2560 and 1.2530. The short-term trend ... Currently the EUR/USD is headed for a test of the dominant downward trendline just above 1.2800. This should provide some resistance. A move lower off that level ... The EUR/USD finally broke below the triangle, but did so after two false breakouts. The pair has moved higher after putting in lows below 1.1900. The week was closed out with the EUR/USD ... The EUR/USD has stabilized this week around 1.19 - 1.20. Given recently volatility and continued unease in financial markets the pair is not likely to stay within this small range for long.False... Here is the outlook for Wednesday:On Tuesday the EUR/USD broke sharply below its prior (recent) low around 1.2140 to near 1.2100. The decline was warded off before then and an aggressive ... This weekend we will look at the daily chart of the EUR/USD. News on the Euro has dominated the headlines lately with all sorts of doomsday scenarios for the Euro. Despite all this, the ... The lows the EUR/USD put in last week were tested over the last couple days and have so far held off a further decline. Currently the pair sits just above 1.2300 which is a minor support level. ... Tuesday saw the drop below 1.2300 which was the level to watch yesterday. Support at 1.2230 was broken, but the market was unable to reach 1.2150 before rallying aggressively. The ... |