EUR/USD Technical Analysis

The pair is drawing the fourth wave currently.

Technical Analysis
31. 5. 2018
EUR/USD Technical Analysis

Today the data released from the EU showed mixed results. For example, the unemployment rate increased, but the consumer price index rose above the projected figure. This balanced the single currency. However, since the beginning of yesterday's trading session, the dollar index began to show a drawdown and moved into a correction, dropping below 94.00.

At the moment, looking at our schedule, we observe that the price reversed from the 1.1530 level throughout the trading session to show growth. Now we can predict that an inverted head and shoulders pattern can form on the chart. Because the basis of this, we believe that it is necessary to hold long positions and set possible goals at 1.1750 and 1.1790.

Be careful, since despite the fact that on the daily chart we see a candlestick absorption pattern, the trend is still downward. We believe that at the moment the fourth corrective wave is formed because the downward movement may soon resume.

SuperForex
EUR/AUD Technical Analysis

Technical Analysis

EUR/AUD Technical Analysis

The EUR is under pressure due to new political instability. However, the deals to BUY still seem the most effective after investors have already considered the new political risks.

SuperForex
30. 5. 2018
EUR/GBP Technical Analysis & Daily Chart

Technical Analysis

EUR/GBP Technical Analysis & Daily Chart

We expect bearishness in this pair today.

SuperForex
29. 5. 2018
EUR/USD Technical Analysis

Technical Analysis

EUR/USD Technical Analysis

We have a downtrend for this pair.

SuperForex
29. 5. 2018