The pair almost reached the 0.9660 support. Breaking below this level would open the door for testing the key 0.9385 support. Any recovery is expected to be capped ahead of 0.9900-1.0000. Only a clear break above parity would negate our outlook and confirm g
There are no changes in a short-term structure. The pair is still trading below the 100-Day SMA, so we look for a further decline towards the 200-Day SMA by 78.50, with a daily close below to confirm the downtrend ahead of the 75.55-76.00 support area in a m
The pair almost reached the 1.5600 support. Breaking below this level would confirm declines ahead of the 1.5230 low. The nearest resistance is eyed by the 1.5810-1.5830 area, right where the 200-Day SMA and the 100-Day SMA reside. Only a clear break above t
The pair broke below the 1.2625 low, thus confirming the medium-term declines ahead of 1.2000. Any recovery is expected to be capped ahead of 1.2600-1.2800. Only a clear break above 1.2800 would negate our outlook and confirm gains towards the 100-Day SMA by
We had mentioned in our report yesterday that EUR was unlikely to hold January lows (1.2620 – 1.2630 support zone) against USD and the pair is likely to depreciate further. Also it was mentioned in our report on 10th May that a Head and Shoulde
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