The EUR/USD dropped on Tuesday down to the 1.1430 mark. At that level it stopped, and the stop forced a review of the currency exchange rate's hourly chart. It was discovered that there exists another version of an ascending channel pattern. The pattern's lower trend line was located at the 1.1430 level and provided the needed support for the rate to
The EUR/USD is continuing its decline, which began after encountering the upper trend line of a dominant ascending pattern. On Monday, the currency rate was standing at various support levels just above the 1.1450 mark. Meanwhile, the larger scale indicated that the rate should fall as low as the 1.1410 level. Latest Fundamental Event The European Single Currency appreciated against the US Dollar,
On Friday, the EUR/USD was continuing its recovery, which began on Thursday. Namely, the rate was surging after rebounding at the 1.1480 level. Meanwhile, note that the rate was being supported by the 55-hour SMA, as it was about to reach the combined resistance of a previously pierced resistance line of a larger pattern and the monthly second resistance of
The EUR/USD reached our previous set target of 1.15 and even surged above the weekly target set by one of our analysts during Monday's webinar.
After finding support in the 1.1425 level the EUR/USD has once more reached up t the 1.1480 mark on Wednesday.
During the last trading session the EUR/USD has retreated in the borders of an ascending pattern.
On Monday the EUR/USD traded just below the 1.1450 level.
The first full review of the EUR/USD situation of 2019 is set to outline the situation.
On Friday, the EUR/USD was charted in an ascending channel pattern.
By the time of creation of this analysis the EUR/USD had jumped on Thursday morning and reached above resistance levels at the 1.1480 mark.
The rate has reached the previously set target of 1.1410.
The recovery of the EUR/USD continued on Tuesday. During the surge the rate passed a strong resistance cluster at 1.1340.
The decline of the EUR/USD lasted until it touched the 1.1270 level. Afterwards a recovery began which had reached the 1.1320 level on Monday.
Due to a combination of Fundamental information and Technical Analysis resistance levels the EUR/USD plummeted down below the 1.1300 mark on Friday.
The turmoil in the United Kingdom affects the strength of the Euro. Namely, as the UK Parliament triggered a confidence vote in Theresa May, the currency exchange rate plummeted.
The Euro has felt some spill over from the British Pound, as the Brexit Parliament vote has been cancelled by the Prime Minister of the United Kingdom.
EUR/USD has managed to break the previously numerous times tested upper trend line of a dominant descending pattern.
The rate has once more tested the high level of 1.1400. Although, after the testing of the high level the rate began a decline.
On Thursday, the EUR/USD faced a strong resistance level at the 1.1350 mark.
During the last twenty four hours the EUR/USD has increased its volatility to a 100 base point range.
The EUR/USD pair has surged to the upper trend line of a dominant descending channel pattern near the 1.14 mark.
On Monday morning the EUR/USD traded with high volatility, as after surging up to the 1.1380 level it declined in a sudden sharp move.
On Friday, the EUR/USD traded near the previous day's levels. However, by the middle of the day's trading the pair had met with additional support levels.
The Euro jumped on Wednesday afternoon, crashing technical charts.