After dropping for the whole week, this pair broke the steep down TL and should take some break. There will be NFP release which is expected to move the market again as it will influence the FED's decision to lift off on coming month.
While swing between 1.1000-1.1050, this pair shows selling pressure to the 1.1000 support. Falling below this support will possible drop to 1.0950 area. Wait for some retracement to get in. Beware of Draghi speak event occur later today.
Breaking short term up trend line with strong bear candle. I am expecting it to fall to 1.0950 while 1.1045 hold current resistant level. For sell entry, we should wait a bit for entrancement to control our risk exposure.
Look like the final drop will not come to us. If you are in short position, it is time to find the exit. Getting out with small loss and does not need to wait for your SL to be triggered.
I do not see strong buy pressure yet, but the pair is likely to continue its upward slowly to 1.1065 and begin its ...
After ECB and Fed announcement, EURUSD dived downward pass 1.1000 support. Technically, next support is around 1.0810-1.0850. Wait for pullback is complete and PA confirm continuation of down trend around 1.0980-1.1010 area to ride the last drop of this momentum.
Sudden drop from NFP last Friday confirmed the short term down trend with target around 1.0970. The trend had started since 1.1270 last Friday, so it is the middle of the trend now. To capture the remaining of the trend is difficult as there is a chance that it will consolidate to hit the upper channel before ...