EUR/USD stay aside on Friday, NFP day
EUR/USD was in a tight range of only 40 pips on Monday. There was a small short squeeze seen on Tuesday but the pair was able to bounce off its highs at 1.0637 during Wednesday night. And then comes the day when markets got a hit on Thursday as Draghi did lower the deposit rate, delivered the extension of QE but...
Sell EUR/USD highs
It could be said that last week was a messy one probably due to US holiday. With EUR/USD trading within a range of 150 pips, data that came out during the week weren't strong enough for the major pair to make a breakout in any direction. Moreover, we saw some strength in all the Euro pairs being bidded early in the morning on...
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I decided to sell EUR/USD on Monday hoping to go down further after it hadn't been able to break above 1.0762 level in the previous week on Draghi words "what ever it takes". After better than expected PMI numbers the pair resided in the range 1.0592 -...
It was a tough week behind us as EUR/USD was really volatile and deciding between long and short. The highest level reached was 1.0762 on Thursday and the pair retraced from that level after ECB Draghi reiterated on Friday morning his dovish stance and preparedness to act as strong as needed to achieve ECB's goal of 2% inflation as soon as...
Despite being so lows and with regards to price action of Friday, EUR/USD short should be played on Monday as the pair is expected to make new lows. Well, I think that the pair is ready to break 1.0700 level very soon before consolidating at its new lows, probably before Wednesday
7:30 CET: Yesterday's strength in the US Dollar really surprised me as well as FED hawkish stance. EURU/SD collapsed after the FOMC's statement revealed world problems might not have had important impact on the US economy. Despite higher bond yields after the event stocks closed at the highs at the end of the trading day. This could imlpy that lows in...
Stay aside EUR/USD today
7:30 CET: EUR/USD has been residing at its lows since Friday. No progress is expected into either side today and the pair will probably be in a range of 1.1000 - 1.1100. From the market point of view FOMC statement and rate decision are in focus due on Wednesday... EUR/USD chart-video