EUR/USD bearish, aims to 1.1186

14 November, 2018

The pair’s stance remains bearish while it is still targets 1.1186 for the time being, suggested Axel Rudolph, Senior Analyst at Commerzbank.

“EUR/USD bounced back to the November 2016 high and August 2018 low at 1.1300/01 but remains overall bearish and continues to target the 61.8% Fibonacci retracement of the 2017-18 advance at 1.1186. Failure there will put the late May and June 2017 lows at 1.1119/10 on the cards”.

“Resistance above 1.1300/01 comes in at the 1.1346 November 5 low and also at the 1.1432 early October low as well as along the downtrend channel resistance line at 1.145. While the cross remains below the current November high at 1.1500 we will retain a medium-term bearish outlook”.

Source Presented by HYCM

EURUSD: downwards trend continues

The euro is near the balance line. A lot of information is set to be published regarding the UK economy today. We believe that it will have a strong impact on all...

10 Dec, 2019

Price touches down at the balance line

On Wednesday the 4th of December, the euro was down by four points at the end of trading. In the American session, bulls pushed the price to...

5 Dec, 2019

EURUSD: growth to 45th degree expected

On Friday the 29th of November, the euro was up at the end of trading. It was a short day in the USA, and therefore the volume of trading operations...

2 Dec, 2019

EURUSD: bears met with resistance

According to the wave structure, the decline did not come to an end. The fall stopped at the 67th degree, with the trend line from the minimum at 1.0879...

26 Nov, 2019

EURUSD trying to find a balance point

On Monday the 4th of November, trading on the euro closed down. The gains made by bulls on long positions on Friday above 1.130 were erased on...

5 Nov, 2019

EURUSD: bears poised to attack

On Monday the 28th of October, trading on the euro closed up. This was probably a technical correction following Friday's drop. This correction...

29 Oct, 2019

EURUSD: bears trying to take control

On Tuesday the 22nd of October, trading on the euro closed down. Trading on the US dollar was mixed during the European session, which was brought...

23 Oct, 2019

EURUSD: bulls ready for new highs

We're expecting fresh highs today followed by a rebound to the LB. The pair is currently trading around the trend line, so it will be interesting to see...

21 Oct, 2019