isarnil

isarnil

EUR/USD was crazy in the last week and trades in a very unpredictable way. Trump talking about restricting Chinese investments stalled the breakout from the the descending triangle, but support at 1.550 or so is crazy strong so far. Coming week we're sitting at a really interesting point at the edge of break-out. Since the move failed to materialize this week,...

isarnil Updated 

Pretty heavy downward momentum last week. No big reasons for bulls to look up for opportunity yet - sitting between support and resistance levels. The pattern from February seems also to be repeating itself, predicting a strong bearish run after current state of consolidation. My trade is set up as follows: Short from 590 last night, with stop loss at 605 or 610...

isarnil Updated 

EUR/USD downtrend has been strong for a while, and contrarians (including me) have been looking for a turn-around. Charts show divergent behaviour on MACD & RSI compared to chart - so maybe looking to turn the trend. So, scenaros: 1. (in my opinion most likely): Continue down to next resistance in some 50 pips, back up to consolidate then next heavy down-turn....