In this chart, I've included some oscillating indicators to help us decide if the EUR/USD is oversold and make a prediction about when we can jump into the market and take a long position. I must admit that predicting the bottom carries enourmous amount of risk, but the rewards are worth the effort. Considering Draghi hasn't actually lowered the interest rate, and...
EURUSD is rising in Draghi speach, there were couple of points to make your adjustments. I was trading it as breakout failure , but when friday's job report came out with V shape reversal, pair regained some levels of support and consolidated in front of resistance. It broke up on weak US dollar and was flagging for one day, controlled pullback. Today, it reached...
Looking for a move above 1.4000 in coming months as the Jawboning of the ECB become less effective and the USD slow burn continues. Expect this to continue as current account remains positive in Eurozone. Dangers to this forecast include -- 1) May stock Correction which could lead to an EUR/JPY correction. 2) Current account surplus falls as Spanish/Italy/greek...