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Technical analysis of EUR/USD for 13.05.2019

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The EUR/USD pair has bounced from the level of 1.1173 and is slowly moving higher towards the technical resistance located at the level of 1.1264. The move up is not impulsive, but it is still corrective in nature, so it is not the beginning of an uptrend, but the continuation of the previous cycle. Only a sustained and impulsive breakout through the technical resistance zone located between the levels of 1.1264 - 1.1273 would change the outlook from bearish to bullish.

Technical analysis of EUR/USD for 26.04.2019

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The EUR/USD market is now consolidating in a narrow range between the levels of 1.1118 - 1.1145 after the downtrend has passed a for a while due to the oversold market conditions. The momentum remains weak anyway and there is no sign of any trend reversal yet. The first important technical resistance is seen at the level of 1.1176 and the next technical support is seen at the level of 1.1109 and 1.1027.

Technical analysis of EUR/USD for 24.04.2019

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The EUR/USD pair has broken through the trendline as anticipated and made a new local low at the level of 1.1192. The candlestick formation at the low looks like a Pin Bar, which indicates a possible buying activity made by bulls in oversol market conditions. Nevertheless, the move up will be considered as a local pull-back only with a target seen at the level of 1.1226. The momentum remains weak and negative which supports the short-term bearish outlook. Next target for bears is seen at the level of 1.1176 (kay technical support).

Technical analysis of EUR/USD for 23.04.2019

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The EUR/USD pair has fallen down from the level of 1.1323 after the Double Top formation was made. The price has broken below the technical support at the level of 1.1273 and is currently consolidation in a narrow range between the levels of 1.1226 - 1.1262. Any breakout below the short-term trend line dynamic support will indicate a continuation of the down move towards the levels of 1.1220 and 1.1210. The key technical support remains untouched at the level of 1.1176.

Technical analysis of EUR/USD for 19.03.2019

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The EUR/USD pair has hit the technical resistance at the level of 1.1353, but there is no sign of a reversal yet. The market conditions are now overbought and there is a bearish divergence forming in this time frame between the price and the momentum indicator. Please notice, that the recent move up from the level of 1.1176 is considered to be a corrective bounce in a downtrend, so the down move can resume any time now.

Technical Analysis of EUR/USD for 15.03.2019

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The EUR/USD pair is testing the 61% Fibonacci retracement located at the level of 1.1326 and even a local high was made at the level of 1.1338. The Harami candlestick pattern appeared at the top of the wave up, so the bears might be preparing to push the prices lower. Nevertheless, the market is still trading above the orange trendline, so the bulls are temporary in control over the market, so the bears must wait for the trendline to be broken in order to push the price lower towards the level of 1.1285 - 1.1275.

Technical Analysis of EUR/USD for 14.03.2019

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The EUR/USD pair is testing the 61% Fibonacci retracement located at the level of 1.1326 and even a local high was made at the level of 1.1338. The market has broken above the technical resistance zone located between the levels of 1.1316- 1.1325 and is still trading above the orange trendline, so the bulls are temporary in control over the market. No reversal price or candlestick pattern has occurred yet and the next target is seen at the level of 1.1353.

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