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The EUR/USD formed a parabolic wedge bottom (green line) at the July 28th low. The bulls are hopeful that the parabolic wedge bottom will lead to a sharp reversal up. However, most parabolic wedges...
The EURUSD formed an outside down bar yesterday, closing below the June high. With the five consecutive bear bars down to July 24th, the odds were high that the market was in a trading range and was...
EUR/USD rebounds after 1% fall on Thursday US GDP for Q1 beats expectations The EUR/USD bounced back on Friday after sliding 0.99% a day earlier. In the European session, EUR/USD is trading at 1.1018,...
The EUR/USD rallied early this morning and sold off more recently. The bears have a six-bar bear microchannel on the daily chart. This increased the odds of sellers above and a second leg down. The...
The EURUSD is stalling just above the June high. The bears have done a great job creating selling pressure over the past six trading days. However, it is beginning to form a parabolic wedge following...
The euro continues to lose ground and is in negative territory on Tuesday. In the European session, EUR/USD is trading at 1.1036, down 0.26%.German Ifo Business Climate dipsGermany continues to post...
The EUR/USD formed a five-bar microchannel down following the July bull breakout of the May high. The recent selloff is probably strong enough to make the market Always In Short; however, a trading...
It was surprisingly a busy weekend as Spain delivered a close national election, Barbie showed us the economy is still partying, Chevron (NYSE:CVX) reported impressive earnings, and as expectations...
The EUR/USD sold off and reached the May high, a sign that the daily chart is in a trading range and not a bull trend. The bears will probably get a second leg down after getting five consecutive...
The EUR/USD on Monday, dropping to 1.1070 following the release of weak economic data. After losing for five consecutive sessions, the EURUSD has given back almost half of its gains from the 6th to...
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