The Euro was driven by upside risks on Monday. Even though the norhtern side was guarded by a strong resistance cluster formed by the 55– and 100-hour SMAs and the weekly and monthly PPs, the pair managed to gather enough momentum to push through this barrier and thus move away from the bottom boundary of a four-month channel up. The same bullish momentum is...
Multiple areas of support beneath price make the short look as tempting as eating raw chicken.
This evening, we have US CPI and Retail Sales numbers. A strong result could give the USDJPY the base to propel off. However, with a strong data, I would be looking towards EURUSD, to move lower from a breach of the 1.2350 level. Mixed or weak data from the US and we could see USDJPY plunge towards 106.
Im short from 1.23850 current price is at support red line is mP hopefully price will retrace back to 1.2330 and there we can look for another short trade
Daily Strategy - Important events will move EURUSD at 1.24 and above EURUSD (1.2379) Trend: Neutral/Upward Support/Resistance: 1.2285 - 1.2400 For today the most important events come from Euro Zone and Germany. These events are Germany, Euro Zone GDP, Euro Zone Industrial Production at 10:00 AM GMT. In United States pay attention to Retail Sales, CPI at 13:30...
The EURUSD pair is trying to stage a recovery after a major sell-off over the last week. However, the bounce lacks momentum as the greenback is striving to stay afloat amid investors’ cautiousness in the global stock markets. The price can’t regain the 1.23 mark since last Thursday signaling the single currency so far fails to shake off its recent weakness....
Hi guys, Looking to short the pair if price breaks down the pivot line. Target indicated in my chart . Cheers Jesse
EURUSD is making a strong pullback to our double top reversal resistance. Such setups usually occur where there are players pushing price up to get in on the good level. Our 1st level of resistance is at 1.2333 (Fibonacci retracement, horizontal overlap resistance, double top breakout level) and our major support is at 1.2083 (Fibonacci retracement, horizontal...
Please refer to the chart, we seek PA confirmation at our key levels before entries are made. Real risk management is also adopted accordingly.
Despite currency markets have been calmly observing the global stocks rout, the greenback managed to gain some support amid a widespread risk aversion this week. As a result, the euro is on the way to registers its worst weekly performance since October. Following a seven-week rally, EURUSD has retreated from highs above 1.25 hitting levels last seen back in...
Consolidation after an impulsive move down, selling the breakout -- 15 minute time frame
EUR/USD demonstrated high volatility in both directions during the previous session, as it was fluctuating within the bounds of 1.2335/1.2420. The upper barrier was provided by the 55-, 100– and 200-hour SMAs and the weekly PP, while the 23.60% Fibo retracement restricted the pair from below. The slight upward movement during the Asian session suggests that the...