The EURUSD didn't come out quite well with what we had expected in our weekly forecast as it surged much higher and broke above a 2-month falling channel for the first time. The price, however, retraced a lot stronger than expected which we believed have stopped out many buyers along the way. And since the price did not rebound before the week ended, there's...
EURUSD moved quite and not quite what we've expected based on our weekly forecast. The price broke higher but without some kind of retracement which we thought it would since it failed to break 1.133 last week. Since the price climbed early, it is about to face strong resistance in a supply zone coupled with a falling trendline. Let's wait patiently for the price...
The dollar fell for 3 consecutive days before it started to consolidate. An inside bar was formed after Thursday but the price failed to break below the inside bar after as it continued to fall after Thursday's retracement. The intention of the price still points toward further depreciation but since it failed to break 96.4, there's a good chance that the price...