EURUSD is looking bearish, that makes EURJPY pair look kind of bearish. Furthermore, the trend is going down and has not revealed to me any signs why tomorrow it shouldn't do the same. There is a pullback now and it looks approximately done so I think this is a good short term shorting opportunity. Thanks for reading.
The GBP had a 1.5%-1.8% rally today and it needs to retrace if it want's to keep up this upmove. Euro on the other hand has been going down (fx eurusd) and is looking like a potential long especially if the us unemployment is worse than expected. Currently I am expecting just a pullback to 0.236 fib level.
The price is at a support level.
And if you...
GBPUSD recently dropped some ~1.5% while eurusd stayed still (my todays eurusd bias: short), so I expect the euro to be more bearish than the pound as the pound has already dropped.
So my bias of the day for eurusd is short.
This is my bias for approximately the next 24 Hours.
Main idea is that usd pullback will in my opinion continue to take its place + (a bit minor) commodities are going up and are likely to continue for a while (nice trend at the crude oil, (though gold isn't doing well)).
An overall uptrend and support is right below the exchange rate.
For this idea the main points are the same as those for my last couple of ideas, except that nzd has released less of its potential than aud and cad against the usd.
And I think that the commodities still have some room to continue their pullback.
In short I think that usd will further pull back.
[i]EURAUD didn't let the audusd to rally as it went up a lot but now idepreciate nowt wiat-leastciate now or at-least not rally much more. That would let audusd to continue its rally and potentially to make those double bottom patterns complete.
So yes, generally I think that DXY (USDOLLAR INDEX) will pullback some more and that commodities are likely to do the...
My EURUSD Bias remains bullish on larger pullback continuation.
If I decide to abandon this bias I will post a comment about it below.
Yellow areas represent the buying of eurusd (accumulation).
USD didn't rally much on the recent good news for it, that indicates that there were large players using the downside pressure to buy the eurusd.
USDOLLAR INDEX HAS...
The dark black bold line is a multiple daily close resistance, where i think that the price will stop and the decide what to do further on.
My day-trading bias for some hours.
FOMC is extremely likely to make or breake this idea, but until it this is what I think will happen.
EURUSD short term outlook remains bullish. Today at 14:00 UTC there will be ISM Non-Manufacturing PMI (Mar), which could move the eurusd pair up to ~ 60 pips or maybe more if the data is very surprising.
There are no reasons, cut in stone, for my bias, but some of the core ones are :
1. eurusd pullback still has momentum and it seems like eurusds downside...
Beware of the Unemployment rate today.( www.forextime.com )
EURAUD has reached its trend line resistance and today at 12:30 (UTC) there will be U.S. employment data witch lately has been good (if it would be better than expected it would push eurusd (the major) lower and audusd lower as well). So taking this and more into...