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EURO-USD

GBPUSD - Brexit pendingWill be taking a long position on GBP/USD based on the following reasons: - Bullish hammer candle on Weekly TF. - Rejection of 0.786 fib - Respected ascending trendline You might be thinking that I am super crazy by taking this trade, especially with the referendum only a couple of days away, however I feel as though the UK will not be leaving the EU and this is purely my opinion. I am willing to take on a higher risk as the risk/reward ratio is a lot higher. I expect a 1500 pip move as a minimum, which would blow away some really key levels regardless of which way the vote goes. If you are taking a similar trade and running the risk, ensure that your brokers either have a guaranteed stop loss or a NBP (negative balance protection) to ensure that you do not end up with a blown account. Trade safe
Long
by ApolloFX
EUR/USD in ever tightening range ahead of Greece Mark IIIThere may be trouble ahead... Grexit is hiding in the shadows behind Brexit, but former Greek FinMin believes Grexit in 2016 is more likely than last July . Greece has a colossal amount of ECB debt obligations to meet in July. Negotiations and general turbulence look set to hit its peak in the month before, just as the Brexit vote is taking place. But while theres moonlight and music, and love and romance... Since 2015, EUR/USD has been rangebound between 1.05 and 1.16 (approx). Spot is trading close to the top of the range, and looks supported due to upward trend channel, and RSI trend higher and the 50W SMA sat snuggly below. A flattening of the 50 & 200W SMAs, and extended ranging in oversold territory of the slow stochastic, indicates a continuation of the status quo. Bare in mind that this is a weekly chart and there are still several hundred pips of juicy range to play within for now. Lets face the music and dance... In the longer term, I'd imagine that there are still some people who have been short EUR/USD from a long way down. With Leave in the Brexit vote creeping into the lead, and the vote maybe influenced by the UK publics reactions to the handling of the Greek situation and any migrant/terrorist related chaos, it wouldn't surprise me if some people were taking money off the table, and readjusting positions ahead of June (Brexit vote) and July (Greek crisis), with a view to get short for a fresh push for parity again.
by GFunk1
eur usd finally did something !!! eur usd finally give us something to do ! it breack down from the high of the long term range the pair have been stuck in for a long long time , for the moment as china news latedly as been better than expected but the next day , week will be imo very interesting as we will see how much the usd the corellated to china news ! so either very good play pull back sustain and we are a go to the back of the range around pullback not sustain and the long term range would be finally broken by the top wich would be interessing !
by jeanbaptiste.laurent.94
EURUSD: Watch out belowToday the EURUSD sunk through both the 20 day moving average and a supporting trend line going back to early March of this year. Adding to the bearish picture, we have multiple upside attempts over the last 10 days getting slapped back, the MACD crossing under, an RSI that's diving, and today's close below the highs and closes of the February and March 2016 peaks. Also, given that the pair has been tightly coiled up for about 10 sessions around the 1.14 level, the release of that potential energy could somewhat exaggerate the downside momentum. Perhaps we will finally see some USD strength to give those starving bulls something to chew on?
Short
by romanreyhani