Pair showed the intention, but failed to return above the uptrend support.
Euro-greenback cross plummeted through quite a few strong technical level, one of them being uptrend support, lost 140 pips in the process and is approaching weekly S3/55-day SMA at the moment.
Pair dipped to October low, but bounced form it and at the moment is trading slightly above the 55-day SMA.
The pair has failed ahead of weekly and monthly R1/downtrend resistance (July and August highs).
Weekly S2 keeps the pair supported for the second day in a row and it is showing some bullishness.
As anticipated the pair did not manage to advance above the October high and at the moment is hovering above the 20-day SMA.
Pair seems to be facing difficulties breaching weekly R1/20-day SMA, but we expect the pair will advance above it in the course of a few days.
Pair seems to be gradually narrowing it's trading range. One could say it is developing in a Triangle pattern in a sense.
Pair has dipped below a 2-3 month uptrend support which elevates ,the high already, downside risk of the pair further.
Pair continues depreciate and we do not expect weekly S1/monthly R1/20-day SMA to hold long.
Pair is continuing to depreciate and at the moment is being supported by the 55-day SMA.
Pair reached new relative high which have put weekly and monthly R1/downtrend resistance at 1.0512/28.
Pair continues to depreciate and at the moment is being supported by the weekly S2.
Pair has advanced above the September high and at the moment is aiming at October high.
Pair seems to be recovering after bouncing from the weekly and monthly S1, consequentially forming October low.
Pair inches up higher and is testing cluster of SMA's (55, 100,200-day SMA) at 98.40/53.
Pair has fallen below the 20-day SMA.
Pair continues to slowly trail lower.
It seems that bearishness of the last week's sell off kicked in again as at the moment the pair is approaching 55-day SMA/October low.
Short and medium term technicals give neutral outlook, but it is worth looking in to the Stochastic indicator which is already sending sell signal or is very close on doing so (in medium term).
Pair continues to depreciate after the failure at 0.959.
Pair dipped below the weekly PP, but returned back above it and at the moment is hovering below the September high.
Pair seems to be looking for an impetus which could kick it higher, but, as we can see from short and medium term technicals, there seems to be no catalyst in the market.
Pair remains stable slightly below the weekly PP/20-day SMA and does not look like anything could change soon.