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During yesterday's American session, the euro managed to go up to 1.30 resistance. As this level is very strong and considered as a psychological level...
The weak bullish structure with integrated swings led to the price fall after the upper limit of the movement channel 1.5590-1.5600 had provided a considerable resistance for the pair....
We talked about consolidation of the pair within the price range 1.2950 -1.3240 and the importance of breakout off this zone for the liberation of the pair....
Supply zone located around 1.5550-1.5600 (the upper limit of the depicted bullish channel and 50% Fibonacci level) provided considerable resistance for the cable last week. ...
For the last few days the USD/CAD pair has been trading upwards, just like we expected, impulsive wave 5 (coloured green) of the bigger wave (A) (coloured blue) has finished developing....
Since our last analyses the EUR/USD pair has been trading downwards, impulsive wave 1 (coloured blue) of the bigger wave (5) (coloured green) has been developing. ...
After yesterday's speech of the Fed's Chairman Ben Bernanke and publication of FOMC reports, US stock market lost more than half a per cent (S&P500 -0.85%), the euro dropped 48 points. ...
From the today's H4 chart, the metal is still trading between the Support level 22.00 and below the Resistance level 23.00 after its failure to break the Resistance level yesterday and bounced from it....
