The medium-term uptrend in the EURUSD pair is now facing bearish reversal pressure since the pair has broken the bullish trend line support at 1.10266 on the daily chart. Professional traders are strongly bearish on the EURUSD pair since there has been a golden bearish crossover in the daily chart. In the last the 100 days SMA has crossed below the 200 days SMA and the price also ended well below the critical support level. The burning issue of the interest rate hike decision by the FED has been mitigated to a certain extent since the other major fundamental news releases came in favor ofRead More →


EURUSD: 10th October -14thOctober Figure: EURUSD daily chart The EURUSD pair is struggling hard to put an end to its long term bearish trend in the market from the very beginning of the month of October. Last week the EURUSD pair recovered its losses and again gain strong momentum in the market upon the bad NFP news. Currently, there has been a mass chaos in the market about the interest rate hike decision by the FED. The average hourly income data U.S has not come as expected and investors are in fear that the mighty dollar might face long-term bearish momentum in the market. However,Read More →