During the NFP last week we saw decline of more than 100 pips but it was recovered very quickly. This gives a chance for further increase towards 1,0615, where we will watch how the price react. Before the entry it is recommended to see test and pullback from 1,0545. No grounds for sell around these levels. Upon reaching and crossing 1.0615, we will watch for...
US jobs data coming up today. The news will cause movement so be careful. Buys should be closed because the expected rise to 1,0540-60 has already been completed. There will be an option for new aggressive buy trades on correction or after the news. We expect the movement to end and reverse around 1,06.
We saw some misleading moves yesterday. The direction seems much clearer today. After Powell’s press conference, we expect continuation of the rise towards 1,0550. The best buying opportunities come with correction of the impulse movement. The situation breaks up on break of 1,0288.
After yesterday, the situation here is unchanged. We’re still not looking for trades and waiting for the right moment. Today and tomorrow there is news that will cause movement and will provide better trade opportunities. The sell option we’re looking at is that we already have a top and will look for a reaction around 1,0430 level. The buy option is at stop...
Yesterday EURUSD rose almost to 1,0500, followed by over 150 pips drop. In this way a reversal candle is formed on a daily chart. Therefore, today is important to see whether this drop will have the strength to continue or we will see a new peak. We’re not looking for trades in EURUSD at this stage, again there are better opportunities in the crosses. A...
At the beginning of the new week, we look at the possibilities for the EURUSD to rise. In a case of drop to 1,0300 we will look for pullback and buy opportunities. The idea breaks down on a drop below 1.0220. Entry after pushback! We are not considering sales at this stage!
As we mentioned yesterday , sell opportunities are currently disrupted. Buy opportunities from current levels do not have good ratio. That’s why we are targeting the crosses, especially those with JPY. However, the rise is more likely to continue. In this case the first resistance level is 1,0473. We’re going to look at new trades after correction or pullback.
The uptrend in EURUSD is gaining strength and has already broken previous highs. We are likely to see a break of 1.0480 and a move towards 1.0540. Sales opportunities are broken. Buying opportunities from current levels do not have a good ratio. Today we are looking at other trading instruments and waiting for suitable opportunities on EURUSD. We remind...
EURUSD rose to the pointed level of 1,032. It is possible that the slow development and sideways movement will continue, with reduced volumes by the end of the week due to the US holidays. This could lead to a test of 1.0220 and another rise, after which we look at the right moments to sell. We are not considering buying because we are in a resistance zone...
Yesterday EURUSD broke 1,0278 and is currently heading towards 1,0320. The movement is developing very slowly and further corrections towards 1.0320 are possible. These are going to be an additional entry possibilities in case of pullback and confirmation. No big risk should be taken currently, but should be reduced in existing trades.
The resistance zone we’ve marked is having an impact and EURUSD is reversing the H1 trend. On Friday we commended sales opportunities. Now the options are on a break and test of 1,0278 or on another pullback. The first target is 1,0142, and 0,9950 in case of breakout. This movement is part of the downtrend on the daily chart.
We have been commenting on a possible reversal for several days. To be confirmed we need to see a breakout of the previous bottom- 1.0278 This will provide additional opportunities with a target of 1.0142 Aggressive and unconfirmed trades may also be made prior to the breakout at a new pullback. Because of the aggressiveness they need to be low risk.
Yesterday EURUSD rose to 1,0440, yet failed to make a higher top. It is still possible to see a rise but we’ll be watching for movement exhaustion. We remind you again that EURUSD is in a resistance zone on a daily chart and a reversal of the uptrend on H1 is possible. A breakout of the bottom (1,0278) is needed to confirm the reversal.
Yesterday EURUSD reached 1,0440 followed by 200 pips drop to 1,0284. There will be further volatility caused by the news today. ( US October Retail Sales) This could be a good time to reverse the movement in EURUSD. New upward movement to 1,0500 is possible, but no buys are recommended from these levels. There will be sales opportunities in case of new pullback.
Yesterday EURUSD held above 1,0300 levels and it’s time for another rise. The next level is 1,0400 followed by 1,0440. These are the levels to watch for uptrend to run out and grounds for reversal. Trading EURUSD is currently a matter of risk. Buys are aggressive trades without good ratio. It’s too early for sells. If you prefer less risky trades, it’s better...
On Friday, EURUSD momentum raising continued and reached 1.0364. It looks like it is strong enough to continue and head above 1.0400. We remind you again that we're in a resistance area and a reversal is possible. Buy trades don't have good ratio on these levels. Confirmation is needed for sells.
During the news yesterday, we had weak USD and a sharp rise on EURUSD. It looks like this move will continue but you should not forget the Daily chart! EURUSD is in a downtrend and this upside move could come to an end very soon! The next level where we should see some reaction is 1,0284.
The news coming up for EURUSD will determine the next move. Yesterday, we looked at the daily timeframe and the levels where price was trading then. Today, we expect that the market will confirm its move to the downside! Ideally, we want to see price pushing higher towards 1,0100 and then giving us an entry there by closing lower. We don't recommend...