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.
This week, we are expecting the FED Interest Rate decision. Expectations are for a rise of 0.75%. That means we will see big fluctuations on Wednesday and probably no clear moves until then. We will be looking for selling opportunities again and a new low below 0,9880!
Yesterday, EURUSD continued trading sideways without being able to break below 0,9955. Today, we are expecting another push down and for price to eventually reach 0,9880. The best entry signal would be a push just above 1,0024 and then an immediate drop in price. In case we see a rejection wick above the previous high that would give us an entry signal as well...
Yesterday we saw EURUSD trading mostly sideways. It's now time for a continuation of the downside move towards 0,9880. As of right now, we have a minor pullback. As soon as we see another rejection, we may see the beginning of that next move. We are looking for a breakout of 0,9880!
EURUSD rejected the sell zone pretty strong Now, we are looking for a continuation down and a new low. All entries made at the sell zone could now go breakeven and expect further development of the trade. Any new entries could be made below 1,0060. We can see another push down on London open but this time, we are not expecting an impulse.
Yesterday we saw a rejection of our sell zone on EURUSD The downside move will be confirmed once we see a breakout below 1,0080. That's when our entries will be confirmed or that's when we can also add to our positions. A more aggressive entries could be made on another rejection of 1,0160 and after seeing some reversal candlesticks there. Stops should be...
This week, we're looking for more opportunities to short the EURUSD. A good entry moment would be if price reaches the levels around 1,0145-1,0213. Another way would be to see a breakout of the trendline and the previous low at 1,0030. In both scenarios we will be looking for targets at or below the lows around 0,9880! We do not consider any long positions!
EURUSD quickly came back up yesterday after the interest rates. It doesn't give us any selling opportunities right now. The levels where price is currently trading are considered a strong resistance and that's why buying is also not recommended. That's why we would rather wait for a better setup and not trade EURUSD today. Once we see the market breaking...
Today ECB will increase the interest rates. This is the only certain thing. It's more important by how much and also when will they do it again. Any moves on EURUSD will be based on this information. If you're looking for the best setups only then it's probably best to wait for the news and then look for positions! We are expecting for price to continue...
Yesterday we saw a new low on EURUSD after price rejected the 0,9976-0,9996 zone. While the downside move is still active, we will continue selling. The next target remains at 0,9800. Tomorrow we have ECB Interest Rates decision. Until then the move will probably slow down and there won't be that many new positions being opened. We will expect bigger moves...
After forming a new low, EURUSD has now started a pullback. The best thing to do is to wait for this pullback to end and then look for entries to the downside. We should watch out for reversal signals around the levels of 0,9976-0,9996. If price breaks above 1,0090 then this downside move wouldn't be valid anymore.
On Friday, EURUSD formed a lower high and it's now testing the bottom at 0,9900. It is very likely that we will see a breakout and price reaching 0,9800. The ECB Interest Rates are this week which means we should see some moves. Entries should be made after a pullback or a breakout. We're definitely not looking to buy!
Yesterday this pair broke below 0,9980 confirming the downside move. Today is the first Friday of the month and we have NFP coming out. There will be volatility during the news and we could see further confirmation to the downside. The levels below the parity will act as resistance and we will expect that price should reject them and eventually form a new low....
Yesterday EURUSD tried to continue falling down but instead of that we saw some strength in the pair and price moved up to 1,0065. That's why we won't sell until the market breaks below a previous low or it reaches our new sell zone. The new zone is above the 1,0090 high and in case of price visiting that area, we will look for another rejection. Today we...
There was a weak rejection at 1,0050 but we haven't yet seen the move down towards 0,9900. This is what we expect to see today but mind that price can re-test 1,0050 again. A move below 0,9980 will confirm the next drop on EURUSD. There are also better trading opportunities with other USD pairs, however we should see this scenario developing here as well.
There was a pullback after the initial downside move on EURUSD and today, we will look to sell. The best entry opportunity would be a rejection of the 1,0050 level. Stops should be placed above 1,0100 and the target remains 0,9800! Entries only after confirmation from the candlesticks!
On Friday we had a reaction of the sell zone and an impulsive move to the downside. The next target will be below the previous low- 0,9800. Everyone who is currently in a short trade can move stops and expect this pair to continue lower. New entries could be made after a pullback that will give us a better risk to reward ratio. Don't look to buy!
We shared our sell zone yesterday and also saw the reaction from it already Today, we may see another test of that same area and rejection again. That means, we may have another chance to sell. The target remains below 0,9900 but right now you can leave it as an open take profit. Once the move begins, then we will be able to determine specific targets. Also,...