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EURUSD looked as confused as ever last week. Just when it seemed like Tuesday’s bullish engulfing candle would take prices higher, Wednesday’s session erased all of those gains and then some. It’s a degree of indecision that has plagued the single currency since October 2018. In fact, I could argue that EURUSD has been in […]Continue Reading
EURUSD bulls lost ground every day last week. However, if the last four months are any indication, this may only be a temporary selloff. EURUSD has been mostly range-bound since October of last year. The majority of that time was spent between 1.1300 support and 1.1500 resistance. But there are no guarantees that the 1.1300 […]Continue Reading
EURUSD continues to be a difficult pair to trade. That’s evident by the chart below. Since October of last year, the euro has been locked in a relatively narrow range with no clear directional bias. However, the longer term trend remains bearish which is why recent EURUSD rallies have struggled to gain traction. One area […]Continue Reading
EURUSD has been a difficult pair to read so far in 2019. In fact, the single currency hasn’t done much since late October of last year. But the final 48 hours of last week did bounce from a significant support area I’ve had on my chart since last November. The 1.1300 support area has attracted […]Continue Reading
EURUSD had looked promising from a bullish standpoint. The breakout on January 7th signaled that falling wedge resistance from the April 2018 high would become support going forward. It did for a while, but buyers couldn’t keep the pair afloat last week. The close back below the wedge top just below 1.1400 signals that sellers […]Continue Reading