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EURUSD support zone
EURUSD
, 60
EURUSD: EURUSD support zone

The correction in EURUSD continues and yesterday we saw a decline and breakout of 1.0900. We have identified the support zone from which we will look at buying opportunities. Next week the FED will announce interest rates and that will be important news and an entry opportunity. It is possible that in the coming days we will see a hold around the current levels...

Correction in EURUSD
EURUSD
, 60
EURUSD: Correction in EURUSD

We saw an upside move in EURUSD yesterday, but the correction is not over yet. By next week, we expect the sideways movement to persist and see a new test of 1.0900. There is no basis for trades at current levels! There is important support at 1.0866 and we will watch for a reaction and buy entry. Selling is against the main movement and remains risky!

EURUSD awaiting the news
EURUSD
, 60
EURUSD: EURUSD awaiting the news

EURUSD is holding above 1.0915 and seems to be waiting for news of the next move. Today at 14:30 Bulgarian time the inflation data in the USA will be published! This is one of the most important news and has a big impact. It is recommended to reduce the risk on all active positions and look for new entries after the news. The trend remains up and we will...

Important levels in EURUSD
EURUSD
, 60
EURUSD: Important levels in EURUSD

On Friday, EURUSD reached right up to the next target of 1.0970 and bounced back. These levels should be used to take profits. The next important resistance is the levels around 1.1000 and on a pullback, a correction is likely to follow. This will become clear tomorrow when the important USD news. Daylight Saving Time is now in effect in the US and the market...

EURUSD before NFP
EURUSD
, 60
EURUSD: EURUSD before NFP

Yesterday the ECB announced interest rates and we saw a rise in EURUSD to 1.0950. US jobs data is due today. The news will be published at 15:30 Bulgarian time. This is one of the important news for the USD and it has a big impact. All buys are at a profit and the goal is to reduce risk before the news. Depending on the account and strategy, you should: -...

EURUSD before ECB
EURUSD
, 60
EURUSD: EURUSD before ECB

Yesterday EURUSD managed to break the sideways movement and reach right to the first target 1.0915. The ECB is due to announce interest rates today and this will lead to more volatility in the EURUSD. The news is at 15:15 and the press conference is 30 minutes later! US jobs data will also be released tomorrow, where we also expect a reaction. If the rise...

EURUSD buy
EURUSD
, 60
EURUSD: EURUSD buy

EURUSD continues to move sideways and make small fluctuations. By the end of the week, however, there is important news to come and we will see bigger moves and a breakout of the sideways movement. The target is another rise and reach to 1.0915 and then a move to 1.1000. Today at 17:00 is the first major news, tomorrow is the ECB interest rate decision and on...

Resistance in EURUSD
EURUSD
, 60
EURUSD: Resistance in EURUSD

EURUSD is once again holding on to resistance from previous highs. There is no change in expectations and we are watching for continuation of the upward trend. Current levels are not suitable for entry. It is advisable to enter into buys after a correction or after a breakout. EURJPY buying is developing and a stop may now be moved.

EURUSD rise
EURUSD
, 240
EURUSD: EURUSD rise

EURUSD remains bullish and on Friday we saw another pullback from 1.0800. This week we are watching for a break the resistances and heading towards 1.1000. By the end of the week, there will be important news that will have an impact. On Thursday the ECB will announce its interest rates and on Friday we expect NFP! We also expect the rise in EURJPY to continue.

EURUSD support zone
EURUSD
, 60
EURUSD: EURUSD support zone

Yesterday EURUSD failed to continue its climb and we seems to see a test of the support zone. We’re looking for buy grounds at these levels. After yesterday’s movement is more likely to see another drop and test of the levels around 1,0760. There will be entry grounds upon pullback. The upside move fails on a drop below 1,06690. Until the movement here...

Rise of EURUSD
EURUSD
, 60
EURUSD: Rise of EURUSD

Yesterday we saw a reaction at EURUSD from 1.0800. We are now watching for a continuation of the rise and a break of the previous peak. Here are the resistance levels again after the breakout: 1.0917 1.0970 1.1034 It is still possible to see a deeper correction and should be traded with low risk! There are good USD selling opportunities in other instruments too!

No change on EURUSD
EURUSD
, 60
EURUSD: No change on EURUSD

EURUSD maintains an uptrend and we continue to watch for buying grounds. What matters now is whether it will make a higher bottom or head back to the support zone. Entry is made only after reaction! The goal is to break the previous high and head for 1.1000!

EURUSD rise
EURUSD
, 60
EURUSD: EURUSD rise

Yesterday we saw a new rise in the EURUSD. The support zone remains far away and we will look for an entry from higher levels. On a break of the previous peak, the next resistance levels are: 1.0917 1.0970 1.1034 It is still possible to see a correction to the zone and it should be traded with lower risk. We are looking at better USD sales opportunities in...

EURUSD support zone
EURUSD
, 60
EURUSD: EURUSD support zone

On Friday, we identified a support zone in EURUSD. A good ratio entry requires reaching the zone and pushing back. This will allow for buys with the aim of breaking the previous high and heading towards 1.1000. The uptrend is broken on a drop below 1.0694!

EURUSD support zone
EURUSD
, 60
EURUSD: EURUSD support zone

Yesterday we saw a new rise in EURUSD and a pullback from the resistance zone. We now expect the correction to continue and head towards the support zone. We are watching for reaction and reasons for long-term buys! The goal is to break the previous high and head towards 1.1000. The uptrend is broken on a drop below 1.0694!

New top for EURUSD
EURUSD
, 60
EURUSD: New top for EURUSD

Yesterday EURUSD reacted from the support levels around 1,0790. Currently is testing the previous low, in case of breakout an important resistance would be the levels around 1,0860. There is no reason to buy at the current levels. Deeper correction is possible, upon pullback from the resistance.

EURUSD correction
EURUSD
, 60
EURUSD: EURUSD correction

Yesterday EURUSD broke over 1,0800 and held on these levels. There are no buy grounds at the current levels. Upon a drop we will be looking for reaction from the support levels. A reason and a good ratio are required for an entry. Meanwhile we’re looking at other instruments for better opportunities.

No trades on EURUSD
EURUSD
, 60
EURUSD: No trades on EURUSD

Yesterday was a bank holiday in the US and the EURUSD remained sideways. At current levels there is no basis for new trades and developments must be awaited. Important resistance is the levels around 1.0800 and we will watch how it reacts from them. Yesterday we also commented on the weekly close which suggests an upside and we will look for entry grounds.

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