The Euro sees its longest streak in 15 years on the back of Christine Lagarde, announcing that the ECB will provide an extra $1T in stimulus to combat the effects of the Coronavirus. The Euro against the USD has spiked to 1.127 to just under 1.135 on the back of extra stimulus. Pointing to inflation and price stability as concerns, Christine Lagarde stated a...
EURUSD exploding to the topside as USD comes under further pressure from domestic issues. While I am bullish on the euro more broadly, these latest moves are starting to look stretched above 1.12xx given all the cards that are on the table. Well done all bulls riding what has been so fat a very fast move; we are coming to the end of this initial ‘expectation...
What a day yesterday, EUR shot to the skies on ECB stimulus package. Now testing yesterday's high, a break is a chance to add another buy to target 1.14. Please support the idea and share your thoughts on EURUSD! Good Luck and Stay Healthy!
EUR has been the best performer this week as Europe reopens and riots in USA and FED printing USD like there is no tomorrow, we see investors switching to EUR. Today ECB announcement in an hour could provide the next trending move. Currently price broke above 61.8% and now is at 1.12 waiting for ECB decision. If Lagarde announces a hawkish tone with more stimulus...
Hello traders, Tracking the EURUSD for a potential pull back from the ascending wedge before the next leg higher. EUR has switched to a bullish bias due to stimulus packages coming in the EU. Parties in German Chancellor Angela Merkel’s coalition wrestled over final details of a huge stimulus package to aid recovery from the COVID-19 pandemic. However, the...
The pair has broken out of the massive falling channel and has reached a major horizontal structure level. The bullish impulse was spectacularly powerful, yet RSI signals that the pair is overbought+the strong level. The two together indicate a necessity of the pullback. The target area of the expected pullback is shown by the circle. This point is...
Weekly chart showed a good spike and close through 1.10 and 50SMA. Price reached former highs below 61.8%, showing strong level of resistance. Break of 61.8% opens higher levels to target 1.12 and 1.13. First we could see a pullback to retest broken levels, like 50SMA or even 1.10. ECB meeting this week could create news trends for EURUSD as we wait to see...
Hi Traders, we have very interesting situation on daily chart, if that was classical stop hunt bulls got big chance All details with entry, stop and first target recorded. Enjoy!
The latest news from Germany and France " federalisation of the debt " - a prerequisite for survival of the euro. The trigger for Alexander Hamilton in 1790 was Britain, for Angela Merkel its Coronavirus. So we are gradually getting round to what is an important component in the process of formation in the currency. Like a trojan horse, Eurobonds are being...
The dynamic strength of the block is itching to expand and further in the circumstance that this debt mutualisation is unlocking and making possible federalisation without the UK. SNB's outpost at 1.060x is - at least in the medium term a pivot level that offers full compensation for those investing in the euro as an investment. Buyers can show that political...
GLOBAL BOND MARKETS ARE SCREAMING "DANGER"!
Hypothetical scenario: (1) Entry @ 1.52100 (Buy LMT ) (2) Stop Loss @ 1.51900 | 20 pips (3) Target @ 1.52775 | 67.5 pips (4) R:R = 1:3.38 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
The above chart illustrates EURUSD on the 1 hour timeframe. Currently the pair is struggling to develop another bullish impulse wave to the upside as France and Germany proposed a $545 Billion E.U. Corona Virus relief fund to be given out as grants to those negatively impacted from the virus. As noted on the chart if we break below that yellow line around...
More dollar sell plays. This time on the Euro. We could see 1.1500 in the coming weeks once all this volume in this range up to 1.1110 gets converted to longs. I will be posting an update on my DXY outlook which I had accurate analysis on. The already falling asset sold from expensive values at time of news and will continue down.
Hi, EU data weak or very weak or ugly if you prefer Spain,Italy,Greece lowering GDP prediction even more Rumors that SNB is around did not help here so.... Looking to sell rallies 1,0550/1,0620 Stop: Two consecutive daily close above 1,0640 First Target: 1:1 Good Luck
In the short term, the ECB is still holding out against the capital flight from Greek government bonds, but it is powerless against the capital flight out of the euro. The ECB's new bazooka won't help, Mrs Lagarde. As you can see in the chart, the candy has been sucked and the trader world can see that too. Best regards from Hannover (Lower Saxony) Stefan...
Euro/Usd dropped to the second Fib support 1.0846 as the Germany's court demands justifications for ECB's mass bond buying program . The pair failed to break the 100 day exponential moving average (1.0975) last week ,although price made a high around 1.01017 area . Technically , breaking the 1.0846 short term support,price likely to test the third Fib level 1.0798...
Today will be important for EUR We already have a EURUSD position. And this is the potential of EURGBP. We are currently in an area from which we expect repulsion and reaching 0.8808 initially and later 0.8850.