The pair continued the upside formation with a bullish acceleration this past Monday. Since EUR/USD had found the bottom on August 1, and MACD trend indicator signalled a crossover, which was
From the long-term point of view, the pair could have found a local bottom or even a reversal point. On the short-term outlook, EUR/USD remains vulnerable to the consolidative sideways range with a
The most popular currency pair charted a bearish breakthrough and printed the lowest exchange rate since July 2017. The hourly chart below shows all of the price action last week. WHat’s interesting
The screenshot below shows compressed 15-minutes timeframe of the price action throughout the past week. Although EUR/USD did not leave the same sideways channel from the previous week, the intraday
The 15-minutes chart below shows six trading cycles based on RSI oscillator’s trading signals, which used to work in the past week. Four of them were based on RSI divergences as the price action was
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