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EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in a corrective wave. The growth target might be the resistance at 1.0765. However, the price could drop to 1.0695 and extend the downtrend without any correction. USDJPY, “US Dollar vs Japanese […]

EURUSD, “Euro vs US Dollar” The EURUSD pair finished correcting towards 1.0975 and started developing the third decline wave to 1.0450. This is the estimated target. By now, the price has formed the first structure of this wave towards 1.0800. A consolidation range could form around this level today. With an escape from the range […]

The main currency pair is hovering at the local lows on Monday. The current EURUSD exchange rate stands at 1.0786. After the lull on Friday, the US dollar’s positions remain stable. At the same time, the price statistics from earlier confirm the chances for a soon Fed’s interest rate cut. It might happen in June, […]

The Japanese yen, paired with the US dollar, has stabilised near the lows. The current USDJPY exchange rate stands at 151.35. The situation around JPY remains tense because all movements continue near the levels of the last intervention. At the verbal level, everything has already happened, yet the authorities do not rush at intervening financially. […]

EURUSD, “Euro vs US Dollar” The EURUSD pair completed a decline wave to 1.0767 and by now has formed a growth impulse to 1.0804. Today the market is correcting towards 1.0781. Practically, the market has set the frames for a consolidation range. With an upward escape from the range, the growth wave might extend to […]

EURUSD, “Euro vs US Dollar” EURUSD quotes have broken the 200-day Moving Average on D1 and are currently below it, which reveals the probability of a downtrend development. The RSI has broken the support line. In this situation, a breakout of the 4/8 (1.0772) level is expected, followed by a price decline to the support […]