I mentioned in a EURUSD video analysis 2 weeks ago that we might see price drop a bit further and then reverse back up to potentially form a head and shoulder pattern. That looks to be exactly what the EUR is doing right now and is now only a short distance from a key resistance level where we will be intently watching for trade setups. I will be watching for...
I posted a video this morning with thoughts regarding the Euro and the narrative of a crisis being premature at best! Inflation numbers came out for Germany this afternoon at 0.6% versus expectations of 0.3%. Year on year we are at 2.2% which is far above last months 1.6% and above expectations of 2%. On that news we should see the euro strengthen and given the EU...
EUR/USD, EUR/JPY. EUR/AUD, EUR/GBP Weak Data, Dollar Strength, euro can gain some ground for a moment here
EUR/USD Has seen it Exhausted 2000+ Pip Bull Run Come to A Halt. A double Top is Seen on the Daily Timeframe that is essentially mirrored inversaly on the DXY. Tommorows CPI numbers for the Euro could prove to be a catalsyst for a break of this structure. CBOT:TN1! Have been rising as well thus bringing the Dollar Strength narrative into play. When the Media...
Hello everyone. My name is Virginia TElphee and today I’m going to explain to you my thoughts on USD that will help us better navigate ALL forex markets in the coming months. Please note these are just my opinions and should not be considered investment advice. Looking at this Daily candlestick chart of USD index – ticker symbol DXY a few general observations are...