EUR/USD starts new week near 1.1614 In result of the previous trading session, the currency exchange rate slipped through the updated 23.6% Fibonacci retracement level at 1.1679 and, in essence, made a rebound from the bottom trend-line of a dominant descending channel. Due to absence of any fundamental data releases, bulls are likely to try to return the rate...
Morning outlook - EUR/USD anticipates ECB meeting Despite a release of better than expected US purchase orders data the currency rate did not manage to bypass the 55-hour SMA and soared in the opposite direction. The main drivers that pushed and are continuing to push the pair to the top are expectations on the upcoming ECB meeting. On the one hand, the currency...
Morning outlook - EUR/USD trades near 1.1760 Due to anticipation of the ECB meeting as well as referendum on extension of autonomy in Lombardy and Veneto regions the common European currency slipped against the Dollar to the 1.7520 mark. As the northern side is protected by a combination of the 100-hour SMA and the weekly PP plus the 55- and 200-hour SMAs, the...
Morning outlook - EUR/USD breaks through 200-hour SMA In accordance with expectations, the Dollar continued to gain value against the common European currency, experiencing pressure from the 55-, 100- and 200-hour SMAs as well as the weekly PP. Despite the fact that the pair failed to pass through the weekly S1 at 1.1735 from the first attempt, it is still...
Morning outlook - EUR/USD starts trading near weekly PP at 1.1810 In line with expectations, the currency pair continued to move horizontally in anticipation of release of information about the US CPI. Although the data appeared to be worse than expected, the rate failed to surge above the monthly PP at 1.1875. As a result, new trading week it started at the...
The Euro tested the local maximum and after a creation of the new resistance 1.1870 the price fell down quite sharp. But even despite such a fall, we should note that the growth of the price was on large volume, while the correction of the pair down was on small one. Besides it, the price came out form the consolidation earlier last week, which is a good bullish...
Morning outlook - EUR/USD breaks upwards In result of a decrease of the American unemployment rate, traders tried to push the pair through the bottom trend-line of a large falling wedge pattern. However, it made a rebound and in the early Monday morning left the formation in the northern direction. The surge was not sharp, as the pair still needs to cross a...
Pending Short @ 1.1790 Stop Loss @ 1.1840 Target @ 1.1615 RR Ratio @ 3.5 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Morning outlook - EUR/USD moves near 55-, 100-hour SMAs In general, the pair continued to move horizontally between the 200-day SMA and the 100% Fibonacci retracement level, as expected. Unfortunately, none of the yesterday’s events caused any significant volatility in the markets. From technical perspective, it seems that movement of the pair was mainly...
Morning outlook - EUR/USD slips on Catalan referendum In line with expectations, the currency exchange rate managed to break to the top, crossing the 100-hour SMA plus another resistance level near 1.1810. During the two-day surge the pair even formed a little ascending channel. But due to referendum on independence in Catalonia the Euro lost 0.3% against the...
Morning outlook - EUR/USD encounters 100% Fibo near 1.1715 Unfortunately for the Euro, a shared border of two senior descending channels did not manage to withhold the rate from falling to the south. However, this plunge did not last for long, as the currency pair made a turnaround apparently form the 100% Fibonacci retracement level at 1.1715. Given that this...
Morning outlook - EUR/USD heads upwards after Merkel wins Although initially markets were positively anticipating the upcoming Draghi speech at Trinity College, but the subsequent reaction led to quite rapid recovery of the Dollar on Friday. To certain extent, such bearish movement could be related to anticipation of the German Parliamentary elections....
Morning outlook - EUR/USD begins new week near weekly PP at 1.1938 Due to release of negative data on the US Core Retail Sales, the Euro caught an upside momentum, which lasted until the pair met a resistance in the 1.1985-95 area. At the moment, the currency rate is located near the updated weekly PP at 1.1938, being squeezed between the 200- and 100-hour...
Pending Long @ 1.1900 Stop Loss @ 1.1825 Target @ 1.2025 RR Ratio @ 1.6 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Pending Long @ 1.1870 Stop Loss @ 1.1810 Target @ 1.1995 RR Ratio @ 2.5 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Morning outlook - EUR/USD fails to pass 55-hour SMA As it was expected, first half of the previous trading session the currency pair spent near the monthly PP at 1.1881. Unfortunately, a release of better than expected data on the US inflation did not cause any notable volatility in the markets even though initially traders tried to push the pair...
Pending Long @ 1.1995 Stop Loss @ 1.920 Target @ 1.2160 RR Reward @ 2.2 rading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Morning outlook - EUR/USD tries to bypass 1.20 level In line with expectations, a resistance created by the 55- and 100-hour SMAs prevented the further advance of the Euro against the Greenback. At the moment, this barrier is also strengthened by the weekly PP. For this reason, the pair is expected to fail to break to the top. However, a sharp decline...