Today, we are looking at the Daily timeframe on EURUSD. It's very important to know what is the main move, especially when trading the lower timeframes. The trend on the Daily chart is pointing to the downside and it's more likely to continue in the same direction! Tomorrow is quite important and we may have some decent setups to work with. This upside...
Yesterday, we talked about potentially selling from the 1,0050 level. However, we then had an impulse move to the upside which doesn't allow us to enter short. That's why this setup isn't valid anymore and we will be looking to sell another time. Also, current price level aren't suitable for long positions either and that's due to lack of decent risk to reward...
On Friday we had a bullish impulse on EURUSD that took price to 0,9966. This move will most likely continue towards 1,0050. These will be the next levels where we want to see rejection i potential selling opportunities. This week, we have important news that are going to affect the market again.
Yesterday, EURUSD reached 0,9750 where it found support that caused the beginning of a pullback. Today we also have important news for the USD - NFP. Right now it,s best if we wait for the end of the pullback before taking another trade. We should look for market reaction around 0,9870!
Yesterday, the interest rates were raised by 0.75%. That led to move towards the parity and a big rejection wick- just as expected. Aggressive entries could've been made right after the news. We can now expect that this downside move will continue. The next confirmation would be after a test of 0,9870 and another rejection. In order for this move to...
Today, we have news that will determine the next move on the dollar. There is a higher probability for a strong USD but the market could also surprise us and that's why it will be probably best to trade after the news. The main sell scenario would be to wait for price to reach the parity level and leave a rejection wick there. However, if it reaches the...
Like we already said, we have important news this week. Before that we are probably not going to have any clear moves. Yesterday we saw EURUSD moving to the downside and this will be the direction in which we will be trading. We will wait for the news to pass and then for further confirmation before entry!
This week, we have FED Interest Rates. This is the most important event for the market right now! We're probably going to see big fluctuations in price and the best opportunities will be after the news on Wednesday. One option is to wait for EURUSD to go near 1,0090 and see if there will be a rejection during the news. If price action confirms the entry,...
Yesterday ECB raised the rates just as expected. There wasn't much of a reaction which most likely means, everything will be decided during FED next week. Technically, we had a rejection of the 1,0090 level. A potential entry would be on the re-test of that level and further rejection. We have to wait for confirmation, the upside move is done and we are...
Today we have ECB Interest Rates decision. We should see them going up by 0.75%. No matter what will be the bank's decision, we're going to see big moves on EURUSD. We could see more bullish pressure on EURUSD, but we have to keep in mind that FED is also coming out with their decision soon. That means, whatever upside move we see today, it could reverse...
In the beginning of the week, we talked about price reaching its current levels of 0,9950 and then sell. However, yesterday we had an impulse move up and right now we won't be looking for short positions yet. After such a move, we are actually expecting a continuation higher. Tomorrow we have ECB Interest Rates which is expected to cause more big moves. In...
Right now, the situation on EURUSD remains the same as yesterday. It's heading towards 0,9950 - the level where we should see a reaction. It's also important to know that this week, we have ECB Interest Rates. This will definitely bring some volatility and it also makes the entries before the news more risky. That's why we have to wait for the right moment...
One of the sell scenarios was on Friday when we saw price pushing higher to 0,9867. Today we will be looking to sell again but this time from higher levels. The level where we expect to see rejection is 0,9950. In case of price rejecting this level, then we can enter short positions. We will enter a short trade only upon further confirmation!
It looks like the pullback that started at the end of September has already come to an end. This will provide us with selling opportunities. If we see that the price comes back to around 0,9867, we can wait for rejection and then sell. Another sell setup could be a breakout and test of 0,9750. We are not selling at current price levels! We are also not...
It looks like the upside move that we're expecting this week doesn't have enough strength to continue. Yesterday, we didn't see the rejection of the 0,9808 support. You shouldn't be looking to buy anymore but instead, wait for a sell signal. We could possibly see a move up towards 0,9915 and that's where we will be looking for potential reversal.
EURUSD bounced off 0,9808 yesterday but it still hasn't moved towards the parity. We can potentially see another retest of the same level today and that could give us buying opportunities. The target remains at 1,0090 but we have to watch out around the other important levels- 0,9915 and 0,9999. This scenario is only valid if price doesn't break below 0,9725!
The breakout of 0,9808 from yesterday, confirms the ascend of EURUSD. The first target here will be 0,9915, followed by 0,9999. All long positions must be closed before 1,0090! It's important to understand, that this is only a part of a pullback from the higher timeframes and we should see a reversal to the downside soon. This will be valid only if price...
We expected more upside movement on EURUSD after the low from last week. However, it looks like the market doesn't have enough strength and we don't have a reason to buy. The continuation up will be confirmed upon break above 0,9808. Before that we could see another drop but right now, we don't have a sell signal either. That's why we should wait for a...