EURUSD bulls have shown their strong strength by reaching resistance level, a breakout of resistance can influence bears to surrender for a while and bulls have opened road. For now, bulls still have better opportunities.
Tag Archives: resistance level
AUD/USD Elliott Wave Analysis
Aussie’s retreat after early marginal rise to 0.9407 suggests the wave 5 of C has possibly ended there and although the currency pair has recovered from 0.9060, as long as said resistance level holds, mild downside bias remains for another fall to 0.9060 and possibly 0.9000, however, only break of…
EURUSD Short Term Upswings Expected
EURUSD candles have been locked between support and resistance levels for a long time now. By each rebound by support level, this barrier gets stronger and more significant for bears side. Today we can expect short term upswings towards resistance level. Just below support level, bears can feel more confident.
EURUSD Stays Positive
EURUSD stays positive, however bulls are struggling to reach new highs, resistance level stays still active. However, further jumping is expected, but while support line holds – bulls have chances to recover. For now waiting is better option.
EURUSD Bears and Bulls Calmed Down
EURUSD bears and bulls calmed down, at the moment situation is very silent with low movements. However, according to bulls activity, they do struggle to reach resistance level. For now waiting action remains for this pair.