ForexTrendline

ForexTrendline

EURUSD is still sitting around our first support at 1,0841. It couldn't find enough strength to continue higher and test 1,0900. Right now, we can't say that there is a confirmed entry. We are waiting for a breakout of the current sideways move. The next support is still 1,0775. If it starts pushing up, we will be expecting a break above 1,0900 and price...

ForexTrendline

EURUSD keeps hovering around our first support at 1,0841. It looked like it was about to continue higher but right now it looks like there's not enough momentum. The GDP data for Q2 will be published today and we're expecting high volatility! In case the price drops further down, the next support level is 1,0775. And if it starts climbing up, then we should...

ForexTrendline

The pair reached its first support at 1,0841 and it's currently hovering around the level. This is the 38,2 Fibonacci retracement on the last swing move. Watch out for market reaction from that level. In case the price bounces from 1,0841, it will be important to see if there will be enough momentum in an upside move that will take EURUSD again above...

ForexTrendline

Yesterday, EURUSD managed to stay above 1,0870. There wasn't any sign for a continuation up either. In case it drops lower, the next support levels are 1,0841 and 1,0775. Watch out for rejection around those levels as we might get a buy signal down there. Targets will be above 1,0950!

ForexTrendline

On Friday, EURUSD managed to stay above the support - 1,0870. This is the level that will determine the next move. If the market rejects it, we should see a test of previous highs. But if it breaks below, we're probably going to see a deeper pullback before the next bullish move. We don't have any entry confirmations yet. USD news coming out at the end...

ForexTrendline

EURUSD didn't manage to print a new high yesterday and we're now back below 1,0900. Today, we're don't have potential entry opportunities. Watch out for the levels around the previous H1 low - 1,0870. This is our first support at the moment. In case the market breaks below that, we would be expecting a pullback on the whole move formed since the beginning...

ForexTrendline

Yesterday, EURUSD broke its previous high and continued higher. Now we have more trading opportunities as the bullish momentum is confirmed. The next resistance to watch out for is 1,0980! This is the level to keep in mind if you get involved in long positions.

ForexTrendline

EURUSD went lower due to the high impact news yesterday. However, it did manage to recover the losses and it's currently trading above the news candle. This clearly shows a lack of selling pressure and price will potentially test the previous highs. Everyone who's in a long position can now move stops below the low from yesterday. More entries can be...

ForexTrendline

Yesterday, EURUSD tested and then rejected the resistance at the previous highs. Watch out for the pullback before the next upside move and potential breakout. Today at 1:30 PM (GMT Standard) the 'Retail Sales' data will be published. Probably the most important news for the USD this week. Key support is at 1,0840!

ForexTrendline

On Friday, EURUSD tested the previous high at 1,0900 again but couldn't break above. If anyone is currently in a long trade, move your SL to breakeven and expect a breakout. Once we see a breakout and re-test or a pullback before the breakout, then we will be able to find more entry opportunities. If price breaks out to the upside, the next resistance levels...

ForexTrendline

EURUSD kept climbing during the news yesterday and reached 1,0900. This is key resistance level from previous top. Watch whether it has the strength to breakout or it will follow a correction from these levels. The goal is another test of the resistance. If you buy from lower levels you can move the SL right below the level of yesterday’s news. This is an...

ForexTrendline

EURUSD continues to move within Friday's news. US inflation data will be released today! This is one of the most important news at the moment and will determine the next move in the USD. The news will be published at 15:30 Bulgarian time! Recommended to de-risk all active positions. There will be new grounds for trades after the news.

ForexTrendline

Yesterday EURUSD held between Friday’s levels. The US inflation data is due tomorrow. This is one of the most important news at the moment and we’re going to see greater fluctuations for sure. The best trade opportunities will be after the news in case of higher low. This will confirm the trend and give us good ratio.

ForexTrendline

EURUSD holds above 1,0800 without being able to break above the resistance. The risk to reward ratio is still not good enough for us to look for entries right now. Watch out for another test of 1,0850 and whether there will be a breakout. A pullback would probably give us another entry opportunity. Also, in case of a breakout, we will be looking for another...

ForexTrendline

Last week EURUSD broke the previous top and reversed the trend. You can move the SLs of an already made buying trades. There is no good enough risk to reward ratio at current levels. That's why watch for correction and pullback. The next resistance levels are 1,0848 and 1,0900.

ForexTrendline

EURUSD continues its rise and makes new highs. US jobs data will be released today. The news is at 15:30 Bulgarian time and has a great impact. Current levels are not suitable for trades. There will be an option for new entries after the news and after correction. Reduce the risk if you have active positions and wait for the right moment!

ForexTrendline

Yesterday EURUSD passed over 1,0800 and made higher top. Thus, confirms the H1 trend reversal. US banks will remain closed today and weaker moves are expected. Tomorrow is the NFP data which will have an impact. Watch for a continuation of the rise and opportunity to buy after a correction. The target remains a break of 1.0900 and heading towards 1.1100!

ForexTrendline

Yesterday EURUSD tested 1.0700 and bounced back. EURUSD is still in H4 sideways movement and we may see lower values. We continue to watch for a bottom and the possibility of a trend reversal. This will set a longer term direction and have more and clearer entry options. No need to rush into new high volume trades right now! Tomorrow is a non-working day...