EUR/USD Maintains Bearish Momentum in the US Session

The short-term momentum in the EUR/USD remains bearish, as the RSI reading in the 1H chart stayed below 60, and is now pushing back below 30.

Also, the rally from 1.4260 to 1.4420 was in a 3-wave sequence, possibly completing a corrective structure.

If the market can clear 1.4250, we are likely

Source: ActionForexall Rss Feed

EURUSD – Bearish Below 1.4377

Against a background of bearish EURUSD signals for sentiment for this week, the market traded to the most negative levels for 3 weeks. The lows were not maintained, however, and the net movement was virtually unchanged. While this price action highlights a degree of investor uncertainty, selling pressure has been

USD/CAD Tests Bearish Momentum after 50% Retracement

The USD/CAD has retraced 50% of the decline from 0.9980 to 0.9450. The greenback is rallying against the loonie as oil prices fall.

The rally has so far been capped at 50% near 0.97. The RSI is knocking on 60, attempting to break the bearish momentum.

If a subsequent decline fails to

Growth Of Bearish Potential As A Factor For EUR/USD Correction

The assumed retracement to the key resistance levels has been confirmed with conditions for realization of the planned short positions. OsMA trend indicator, having marked a drop of parties’ activity, doesn’t contradict with preservation of earlier opened short positions targeting 0,8690/0,8700, 0,8660/70 and/or further breakout variant up to 0,8620/30, 0,8580/90.

Growth Of Bearish Potential As A Factor For EUR/USD Correction

The assumed retracement to the key resistance levels has been confirmed with conditions for realization of the planned short positions. OsMA trend indicator, having marked a drop of parties’ activity, doesn’t contradict with preservation of earlier opened short positions targeting 0,8690/0,8700, 0,8660/70 and/or further breakout variant up to 0,8620/30, 0,8580/90.