karenzialvin

karenzialvin

Price just bounced off the trend line and we are targeting the resistance level

karenzialvin

Sell at the trend line

karenzialvin

EURGBP has just broken the support, just waiting for the re test.

karenzialvin

The move was a bit more quiet against the Euro last week, as both currencies were getting slammed against both the USD and the Yen. But, given the lack of theatrics around that move there may be some workable scope, as I had shared in the Thursday article on the Euro. In that piece, I looked at EUR/GBP as a possible mechanism for working with a Euro bounce, if one...

karenzialvin

Last week’s FOMC meeting could prove to have been a watershed moment for EUR/USD. It’s now even more clear that the Federal Reserve’s rate-setting committee is more hawkish than the ECB’s, and that will likely weaken EUR/USD further in the weeks ahead. Even in the short term, EUR/USD could fall some more as traders who have shifted from short to long positions are...

karenzialvin

After the break of the trend line and encounter of a strong support level its time to go long and liquidate at the re-test of the trend line.