On Friday, EURUSD reached right up to the next target of 1.0970 and bounced back. These levels should be used to take profits. The next important resistance is the levels around 1.1000 and on a pullback, a correction is likely to follow. This will become clear tomorrow when the important USD news. Daylight Saving Time is now in effect in the US and the market...
Yesterday the ECB announced interest rates and we saw a rise in EURUSD to 1.0950. US jobs data is due today. The news will be published at 15:30 Bulgarian time. This is one of the important news for the USD and it has a big impact. All buys are at a profit and the goal is to reduce risk before the news. Depending on the account and strategy, you should: -...
Yesterday EURUSD managed to break the sideways movement and reach right to the first target 1.0915. The ECB is due to announce interest rates today and this will lead to more volatility in the EURUSD. The news is at 15:15 and the press conference is 30 minutes later! US jobs data will also be released tomorrow, where we also expect a reaction. If the rise...
EURUSD continues to move sideways and make small fluctuations. By the end of the week, however, there is important news to come and we will see bigger moves and a breakout of the sideways movement. The target is another rise and reach to 1.0915 and then a move to 1.1000. Today at 17:00 is the first major news, tomorrow is the ECB interest rate decision and on...
EURUSD is once again holding on to resistance from previous highs. There is no change in expectations and we are watching for continuation of the upward trend. Current levels are not suitable for entry. It is advisable to enter into buys after a correction or after a breakout. EURJPY buying is developing and a stop may now be moved.
EURUSD remains bullish and on Friday we saw another pullback from 1.0800. This week we are watching for a break the resistances and heading towards 1.1000. By the end of the week, there will be important news that will have an impact. On Thursday the ECB will announce its interest rates and on Friday we expect NFP! We also expect the rise in EURJPY to continue.
Yesterday EURUSD failed to continue its climb and we seems to see a test of the support zone. We’re looking for buy grounds at these levels. After yesterday’s movement is more likely to see another drop and test of the levels around 1,0760. There will be entry grounds upon pullback. The upside move fails on a drop below 1,06690. Until the movement here...
Yesterday we saw a reaction at EURUSD from 1.0800. We are now watching for a continuation of the rise and a break of the previous peak. Here are the resistance levels again after the breakout: 1.0917 1.0970 1.1034 It is still possible to see a deeper correction and should be traded with low risk! There are good USD selling opportunities in other instruments too!
EURUSD maintains an uptrend and we continue to watch for buying grounds. What matters now is whether it will make a higher bottom or head back to the support zone. Entry is made only after reaction! The goal is to break the previous high and head for 1.1000!
Yesterday we saw a new rise in the EURUSD. The support zone remains far away and we will look for an entry from higher levels. On a break of the previous peak, the next resistance levels are: 1.0917 1.0970 1.1034 It is still possible to see a correction to the zone and it should be traded with lower risk. We are looking at better USD sales opportunities in...
On Friday, we identified a support zone in EURUSD. A good ratio entry requires reaching the zone and pushing back. This will allow for buys with the aim of breaking the previous high and heading towards 1.1000. The uptrend is broken on a drop below 1.0694!
Yesterday we saw a new rise in EURUSD and a pullback from the resistance zone. We now expect the correction to continue and head towards the support zone. We are watching for reaction and reasons for long-term buys! The goal is to break the previous high and head towards 1.1000. The uptrend is broken on a drop below 1.0694!
Yesterday EURUSD reacted from the support levels around 1,0790. Currently is testing the previous low, in case of breakout an important resistance would be the levels around 1,0860. There is no reason to buy at the current levels. Deeper correction is possible, upon pullback from the resistance.
Yesterday EURUSD broke over 1,0800 and held on these levels. There are no buy grounds at the current levels. Upon a drop we will be looking for reaction from the support levels. A reason and a good ratio are required for an entry. Meanwhile we’re looking at other instruments for better opportunities.
Yesterday was a bank holiday in the US and the EURUSD remained sideways. At current levels there is no basis for new trades and developments must be awaited. Important resistance is the levels around 1.0800 and we will watch how it reacts from them. Yesterday we also commented on the weekly close which suggests an upside and we will look for entry grounds.
Today we turn our attention to the weekly chart. Last week EURUSD dropped to 61,8, went below previous lows and pulled back. This way we have signal candle from weekly chart and trend reversal is possible. We are starting to watch for possible buys and targeting the 1.1130 and 1.1200 levels! Banks in the US will remain closed today!
Yesterday the EURUSD correction continued and went above 1,0760 with no reaction and sell grounds. There are no grounds for new trades at current levels. As long as it is below 1.0800 it remains more likely that we will see a new test of the previous low.
Yesterday EURUSD started correction after the sharp drop. The correction has reached 38,2 but still no reaction from the level and no entry grounds as well. The next level we’re watching is 1,0760 (61,8 Fibo). On a rise to this level and a pullback we’ll be looking for sell opportunities. The first support level is 1,0700. The sell idea is break if the price...