Author: Andrew Olshanetskyi

EUR/USD The Euro continued correcting downward after the test of resistance level 1.1087. At the moment, the pair is trading within the local range between this mark and the support level 1.0935. Thus, we can open new positions only after a sharp exit of the price from the consolidation. Moreover, …

EUR/USD After the test of the level of resistance 1.1087, the price corrected downwards. Nevertheless, it’s still located near this mark. Therefore, we may reckon a scenario of its breakout, which will allow us to open long positions. The surge must be keen and supported by the large volume. A …

EUR/USD The price continued correcting upwards yesterday, but is still located inside the local consolidation between 2 strong volume levels. They are the support 1.0935 and the resistance 1.1087. Hence, we can open new positions only after the sharp exit of the price from it. Moreover, the breakout movement must …

EUR/USD After the formation of the new volume level of support 1.0935, the price sharply corrected upwards. The movement was supported by the increased volume and now the price is trading inside the local range between this mark and the previous level of resistance 1.0987 – 1.1002. Hence, we can …

EUR/USD The price continued falling after the formation of the new volume level of resistance, it’s 1.0987 – 1.1002. Given that it’s a good bearish signal and we may state that the downtrend is likely to go on, we should prefer a scenario of opening short positions. We can enter …

EUR/USD The Euro showed a significant and sharp drop on the huge volume, which is an excellent indicator of the strength of sellers. Given this fact, as well as the presence of a local downtrend, we should consider extremely short positions. Sales can be opened after a small and smooth …

EUR/USD The Euro demonstrated an abrupt fall supported by the large volume, which is a good bearish signal, broke down the previous support level, which only enhances its importance. Besides it, we need to allocated the new volume level of resistance, which was created during this move. It’s 1.1084. Considering …

EUR/USD The Euro continued falling and now is located near the level of support/lower boundary of the local range 1.1068. Thus, our previous scenario remains actual: we may reckon a breakdown of this level, which will allow us to open short positions. The movement must be supported by the large …

EUR/USD The Euro continued falling and now is located near the level of support/lower boundary of the local range 1.1068. Yes, the movement was smooth and on the small volume, nevertheless, given the fact that the price is located near this level, we can reckon a scenario of its breakdown, …

EUR/USD The Euro tested the level of resistance 1.1152, but then sharply corrected downwards. Now the pair is locked inside the local consolidation between this mark and the previous level of support 1.1068. Therefore, we can consider new positions only after the confident and keen exit of the price from …