EURUSD weekly outlook 08th-13th August 2016

Non-Farm employment change NFP on Friday was expected to create some violent moves across major pairs simply because of vast gaps between data of previous months. However, it did not create such extreme volatility as expected. None the less the data came out in favor of the US dollar against the forecast figure of 180K. But the actual figure of 255K was …

EURUSD weekly outlook 10-07-2016

EURUSD sideways correction still on… EURUSD is still in a sideways corrective structure in 4H and 1H timeframes. As per last week’s expectation, the market did break to the downside. But there was not enough conviction in the break, nor there was impulsive momentum. On a technical standpoint, the EURUSD has still no directional bias. Hence …

EURUSD Weekly outlook 03-07-2016

EURUSD in a messy correction EURUSD is in a corrective rally and continued to recover from the Brexit drop. Although the week closed higher than the open, the structure of the rally is pretty much corrective. Short terms trades are next to impossible until there will be enough signs of a completed corrective structure. At …

EURUSD analysis – what to expect after Brexit

Eurusd what next after brexit weekly chart

Will EUR experience further decline? Eurusd is in a vulnerable position after the unexpected Brexit vote on 24th. While nearly half of the British voters wanted to keep their identity as a “European” superpower, it just wasn’t enough to keep Britain in the EU. Not only both currencies (EUR and GBP) are expected to go through a turbulent period, …