The Euro has had a very interesting trading session on Tuesday, initially trying to rally but then broke down rather significantly towards the bottom of the range that we had been in.
The steady performance of the EUR/USD on the daily chart foreshadows a stronger move ahead.
The Euro has continued to show a lot of volatility, as we continue to dance around the 50 day EMA.
For the fifth consecutive trading sessions, the EUR / USD stabilized around the psychological 1.1200 support level, waiting for any developments amid stronger bearish momentum
The Euro has tried to rally again during the trading session on Friday, but as you can see, the 50 day EMA continues to attract a lot of selling pressure.
The Euro tried to rally during the trading session on Thursday but continues to find selling pressure above the 1.12 handle.
For three consecutive trading sessions, the EUR USD has been holding steady between the 1.1167 support and 1.1249 resistance in a narrow, limited and stable range
The Euro went back and forth during the trading session on Wednesday, as we can’t have any clarity
EUR/USD's recent bullish correction attempts did not exceed the 1.1249 resistance level recorded during Tuesday's trading session
The Euro went back and forth during the trading session on Tuesday, showing signs of exhaustion, breaking above the 50 day EMA but then turning around to form some type of shooting star.
On Tuesday, the EUR / USD pair continues bullish correction with gains to reaching 1.1250, the highest level in two weeks
The Euro ripped to the upside during the trading session on Monday as the rhetoric between the United States and China has heated up, showing signs of getting worse, not better.
For the third day in a row, the EUR/USD is trying to have a bullish correction after the recent violent bearish wave
The Euro rallied a bit during the trading session on Friday, breaking above the 1.111.
The Euro has fallen pretty hard during the trading session on Thursday, only to turn back around and bounce.