After one of the most hawkish meetings in quite a long time from the ECB where they outlined a faster pace of taper and dropped their language regarding rate cuts, we thought that we would take another look at the Bund chart. We are taking a look at the long-term Monthly chart of the Bund continuation contract and we can clearly identify a top on the chart (looks...
EURGBP faces multiple upside resistance. The descending long term channel is still holding strong and any impulse up-move would likely be met with stern resistance. Fundamentally the EURO is under enormous pressure as well. Looking at the main weekly chart, we could clearly see that the major support break has already taken place that was held on multiple...
The bullish flag has been activated in EUR/USD following ECB's statement. If the price can stay above $1.1085 after Lagarde's press conference then the measured target is $1.1260.
Jobless Claims hits the lowest level over 5 decades. As full employment becomes a reality, the Fed will be forced to focus more on taming inflation. Earlier rate hikes knocking at the door. On the other hand, ECB is keeping its accommodative position. Today's CPI data and FOMC meeting of next week will show us the path If today's US CPI comes above 6.5, FED...
EUR – The euro climbed from 22-month lows against the dollar on Tuesday, supported by expectations that the Eurozone will increase fiscal spending to help offset the economic effects of the Russia/Ukraine war. Bloomberg reported that “the European Union plans as soon as this week to jointly issue bonds on a potentially massive scale to finance energy and defence...
Our friends in the USA are doing just fine. Far away from trouble, taking advantage of everything and anything. Respect Unfortunately this does not go for the 'Old Lady' Europe. Ukraine situation will affect Europe in many ways and i think that most people are aware of it. Let's go to Reuters that you can trust: Ukraine war sends euro below $1.10 for first...
With Risk OFF mood especially hitting both EUR & GBP hard, it is well known that the common shared currency EUR has more painful future compared to the GBP! Here we look at the weekly chart that might support our view on this. First and most important step would be for the weekly candle to close below 0.82900 major support. By doing so, it would ensure a major...
Hey traders, in the coming week we are monitoring EURJPY for a buying opportunity around 130 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Bearish view still very much intact yet after EURO pushed up higher a few weeks ago, but clearly failed to break the descending channel's upper trendline. With the RUSSIA - UKRAINE crisis predicted to HIT the EUROZONE hard, we could see the safehaven currencies such as CHF, JPY & USD appreciate Vs the EURO. Based on this technical and fundamental analysis, we...
I anticipate the price move to the previous support level and form an expanding flat pattern in March. Price should emerge the same type of formation with the previous move to the support level.
Hey traders, in the coming week we are monitoring EURJPY for a buying opportunity around 130.2 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in the coming week we are monitoring EURGBP for a long term buying opportunity around 0.832 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in the coming week we are monitoring EURCHF for a long term buying opportunity around 1,042 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, above is a technical overview including the fundamentals on EURUSD and the most important zones to watch. Trade safe, Joe.
Hey traders, in today's trading session we are monitoring EURUSD For a long term buying opportunity around 1.14 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in this week we are monitoring EURUSD for a long term buying opportunity around 1.14 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in this week we are monitoring EURCHF for a long term selling opportunity around 1,051 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
The past week has been very bullish for euro/usd and the main reason for that seems to be the hawkish tone of the ECB. Looking from the technical point of view, 1.1480 is a very important area on the daily chart because it is the last lower high before the price went to the lower low 1.1150 area. Looking from a market structure point of view, this pair is still in...