Today, we have the Consumer Price Index results for September. This is an important event that will bring some volatility. The best opportunities will come after the news! A breakout above 0,9774 will probably take price towards 1,0000! A breakout below 0,9669 will most likely mean a continuation of the downside move! We are probably going to see some...
The ascending move from yesterday didn't have enough strength to continue higher. Now it's important to see which level will be violated next. In case of a breakout of 0,9775, then we're probably heading to the parity level again! However, if the market breaks below 0,9669 then we will have to see how the setup will develop later on. Trades at current price...
We are still not trading EURUSD and waiting for better entry opportunity. Current price levels are important to determine what will be the next move. Right now, EURUSD doesn't give us any entry confirmations but we will be waiting for the 0,9643 level. In case of rejection around that level, we will have to see if price will gain enough strength to continue...
EURUSD is currently trading at significant levels that are going to determine the next move. Right now, we don't have any entry signals and we have to wait. The downside move that formed on the lower timeframes should end soon. The first resistance is 0,9803 and once the market breaks out of it, then we could expect further move up. We also need to look out...
Today is the first Friday of the month and we will see the publishing of the non-farm payrolls. This will affect all instruments traded against the USD. We want to see EURUSD with a clean move and better setups throughout the next week. Right now, we are not looking to enter before the news! 0,9710 is an important level and if we see the market rejecting it,...
Like we said yesterday, the downtrend on EURUSD is still valid and the best trading opportunities will appear as soon as price confirms another downside push. However, it is still early to enter short and expect to see a breakout of the previous low. We are now waiting for the pullback to continue and trick us a few more times. That's why we should reduce the...
Yesterday, EURUSD reached the parity level again. That means, we could possibly see continuation up in the next few days. Right now we won't trade EURUSD as current price levels are not good for entries. We are still in a downtrend on the Daily chart and the best opportunities will be once the market goes back to the downside!
After a very definite downtrend, it's now time for a pullback on EURUSD. Right now, we don't have any signals to sell yet. Today, we need to observe and see how it will react between the levels of 0,9850-0,9930. In moments like this, it is very important to show patience and wait for the right signal to enter a trade. The downtrend continuation will be...
EURUSD rejected the sell zone on Friday. Now, we could see the beginning of the next downside move. You can wait for a confirmation which will be a breakout of 0,9731. However, selling right now is not yet confirmed as we can easily see price going above 0,9854. The direction is still to the downside and we are only looking to sell!
EURUSD completed the upside move to 0,9850 pretty quick. That means, it's probably best to close all long positions and wait for the right moment to enter again. We could see a continuation up but buying right now is probably not the best idea. You should focus on price rejecting the zone. It could take some time until the market gives us a clear move and...
EURUSD started a pullback yesterday and we expect it to continue towards the 0,9850 level. Once the pullback ends, we will focus on short positions again. Buying right now would be considered aggressive and that's why make sure to use less risk!
This morning EURUSD reached 0,9538 after continuing lower, just as expected. The next support level is at 0,9510, followed by 0,9480. Selling at current price levels isn't a good idea and we're also not looking for any long trade opportunities!
Yesterday, we saw rejection of the 0,9585 support level. This level should turn into resistance after a breakout. The downtrend is still on and we should see price heading back to 0,9568 and then eventually 0,9510. Entries only after further rejection! We're not looking to buy!
On Friday EURUSD reached the target at 0,9685 and this morning we have another 100 pips drop! In moments like this, it is pretty obvious why we should trade with the trend! The only thing that we have to focus on is a possible pullback and a continuation lower. The next support level is at 0,9510!
Yesterday, EURUSD continued trading inside the news candle. Like we said before, in case of break and re-test, we are heading down towards 0,9685. You shouldn't enter right now. It's best to wait for a breakout or enter on a pullback. This move could take some time to complete and it should not go above 0,9910.
EURUSD continues the downside move. We now have a new low and price almost reaching the level that we shared before - 0,9800. The direction remains the same even after the news and our next target is 0,9685. Entries could be made after a pullback and rejection or break and retest of 0,9811. We are not looking to buy while price is trading below 0,9910!
Like we said already, today is FED Interest Rate decision. This will definitely cause some moves. Here's what you need to look for before you enter a trade. Direction : there is a higher probability for a strong USD, therefore we should see a new low on EURUSD. However, we should not sell right now! Levels: The support levels are 0,9878, followed by 0,9800...
EURUSD is rejecting the resistance zone but it looks like it is going to wait the news tomorrow. Before that, it could continue trading sideways without forming lower lows. You can look for aggressive entries on the rejection or wait for further confirmation for more conservative positions.