Thursday 17th June 2021: Technical Outlook and Review
On the weekly timeframe, prices are facing bullish pressure and could still see further upside, with 1965 as the weekly resistance target. On the daily, price pulled back lower, and is testing 1815 support, in line with the descending trendline resistance-turned-support.
Wednesday 16th June 2021: Technical Outlook and Review
On the weekly timeframe, prices are facing bullish pressure and could still see further upside, with 1965 as the weekly resistance target. On the daily, price pulled back lower, and is testing 1850 support.
Tuesday 15th June 2021: Technical Outlook and Review
Looking at the weekly chart, we can see that prices have pulled back and there could potentially be further bearish pressure to our 20 EMA at 1.20600.
Monday 14th June 2021: Technical Outlook and Review
On the H4 timeframe, prices are trending in the descending channel making lower highs and lower lows. There could potentially be further bearish pressure to test 1.20600, in-line with our -27.2% Fibonacci extension, descending trendline support and weekly 20 EMA. MACD is also trending down, signalling further bearish pressure.
Thursday 10th June 2021: Technical Outlook and Review
On the weekly timeframe, prices are facing bullish pressure and could still see further upside, with 1965 as the weekly resistance target.
Wednesday 9th June 2021: Technical Outlook and Review
On the weekly timeframe, prices are facing bullish pressure and could still see further upside, with 1965 as the weekly resistance target. We could see renewed bullish pressure this coming week.
Tuesday 8th June 2021 : Technical Outlook and review
EUR/USD: Looking at the weekly chart, we can see that prices […]
Monday 7th June 2021: Technical Outlook and Review
EUR/USD: Looking at the weekly chart, we can see that prices […]
Friday 4th June 2021: Technical Outlook and Review
EUR/USD: Looking at the weekly chart, we can see that prices […]
