Yesterday EURUSD held around 1,0900 and there is no change in expectations. It is more likely the upside move to continue. Before that, however, we may see another drop to the support zone. Upon pullback from the support we will be looking for buys targeting the previous top. The idea is spoiled in case of a drop below 1,0780.
We are in the last active trading week of the year. We will aim to have all positions closed or to reduce the risk by the end of the week! On Friday, EURUSD fell to levels after the Fed rate announcement. This is a support zone and we are seeing a hold. On a drop to 1.0850 and a pullback, we will look at buying opportunities. The goal will be targeting 1.1000 again!
Yesterday EURUSD continued its rise and reached 1,1000 again. This is support level from late November. There will be good buy levels after breakout and test or after correction. There is no grounds for trades at current levels.
Yesterday FED announced the interest rate, today the BoE and ECB will do so. The press conference is 30 minutes after the announcement. EURUSD reached the resistance zone and held around 1,0900. No entry grounds at these levels. Important support levels are 1,0845 and 1,0780. When the upside move run out of strength and another pullback happen from the...
Yesterday we saw US inflation data. The movement went according to the plan, as followed rise above 1,0800 and pullback. Today is the more important news - interest rate decision and FED press conference. The interest rates will be announced at 21:00 Bulgarian time, and the press conference is 30 minutes later. We expect again deceptive movements and stop...
Today is the first of the important news this week. Large swings are possible and it is not advisable to trade before the news. Important support is levels around 1.0660 (61.8 Fibonacci) and we will watch for a pullback this week. Before that, it is possible to see a rise above 1.0800 and a stop hunting. Tomorrow is the interest rates from the FED!
There is a lot of important EURUSD news coming up this week. By the end of the week we will see US inflation data and interest rate announcements from the FED and ECB. This news will determine the movement until the end of the year. It is recommended not to enter into trades at this time and wait for proper grounds. On a break to 1.0660 we will be looking at a...
US jobs data will be released today. This is important news for the market and we expect a reaction. Yesterday, EURUSD bounced off 1.0750 and started a downside correction. Today, there may be an entry on reaching 1.0850 (38.2 Fibonacci retracement) and a pullback. The target is a break of the previous low and heading towards 1.0660. It is recommended to wait...
Yesterday, EURUSD continued its downward movement and went below 1.0800. The downtrend appears to be running out of steam and needs a correction before continuing. At current levels, there is still no reason to enter. After a rise to 1.0900 and a pullback we will watch for selling grounds. On a drop to 1.0665 we will watch for buying grounds.
EURUSD is holding around 1,08000. This is 38,2 of the upside move from the early October. There are no buying grounds at the moment and the correction may continue towards 1,0665 - 61,8 Fibo. There is no suitable sell ratio at these levels. There will be new trades after a rise and pullback or after the downside move comes to an end.
EURUSD continues its daily correction after reaching 1,1000. Yesterday failed to start an upside move and we saw break out of the previous low. No growth for new trades at current levels. Important daily support levels are 1,0800 and 1,0665. There will be new opportunities in the coming days.
On Friday, EURUSD reached 1.0828 and bounced back. We are now looking at an option for another rise above 1.1000. On a break of the previous high, the next resistance is 1.1065! This scenario breaks down on a break of 1.0828. It is advisable to trade with reduced risk!
During the week EURUSD did not provide good opportunities. Yesterday broke 1,0960 followed by downside move. It’s still possible to see a test and breakout of 1,1000, but there is no grounds for buys. We’re heading towards EURJPY again because it looks better.
EURUSD continues to move below 1.1000 and above 1.0960. The uptrend continues and we may see another rise to 1.1060. There is USD news today that could cause more volatility. At the end of the week and month, we may see some profit-taking, leading to a deeper correction!
EURUSD broke the resistance at 1.0960 and quickly reached 1.1000. For now, it is holding to this level, but if the upside move continues, the next target is in the 1.1060-1.1080 zone! Buys are becoming increasingly risky and do not have good ratios. There are no grounds for sales.
Yesterday, again EURUSD couldn’t break the resistance at 1,0960. There are no grounds for new trades at these levels. Upon a breakout the next goal will be 1,1000. We will be looking for another buys after breakout, test and a deeper correction.
EURUSD is testing the resistance at 1,0960 again. Upon breakout the next target will be the levels around 1,000. No trade grounds at current levels. We’ll be looking for new buys after breakout and test and correction. We’ll be looking for sells upon pullback off the resistance.
Yesterday we saw lower volumes due to the US holiday and no change in our expectations. EURUSD bounced off the resistance zone and followed a correction to 1.0850. At this stage, there are no grounds for new trades. If the correction continues, we will watch for a stop hunting below 1.0825 and a pullback. On entry, the target is a test of the previous peak and...