Technical Analysis Jul.22nd

by Forex Rooton July 22, 2015 11:00 am BST
EURUSD EUR/USD failed to consolidate below the May low at 1.0818, therefore giving bulls a chance to push the pair back to the upside. They used this opportunity and sent the Euro as high as 1.0940, thus making a 100-pip rebound on a daily basis and erasing losses of three previous days. EUR/USD is now […]

Technical Analysis Dec.15th

by Forex Rooton December 15, 2014 6:40 am BST
EURUSD EUR/USD currency pair appreciated during the last trading day of the previous week, as it approached a considerable resistance line, represented by the monthly pivot point at 1.2468. We do not expect the cross to breach this important level, which is likely to push the Euro downwards. Technical indicators, in turn, predict the pair […]

Technical Analysis Dec.8th

by Forex Rooton December 8, 2014 7:25 am BST
EURUSD EURUSD currency pair has just approached the recently-set 2014 low at 1.2271. It is likely that bears will try to test this level on Monday. If successful, the pair may decline down to monthly S2 in the short-term, which is also reinforced by weekly S1 at 1.22. In case of failure, we would assume […]

Technical Analysis Dec.2nd

by Forex Rooton December 2, 2014 7:50 am BST
EURUSD EURUSD is still trading in a narrow range, which is partly explained by the long-term triangle pattern. On Monday, the Euro continued hovering around the down-trend around 1.2450, which is strengthened by monthly pivot point and 20-day SMA. Therefore, we expect the Euro to lose value on Tuesday and cross the weekly pivot point […]