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In trading on Friday, EUR/USD was up 0.32% at 1.3398, up from a session low of 1.3334 and off from a high of 1.3410.
The pair was likely to find support at 1.3298, Thursday’s low, and resistance at 1.3452, Tuesday’s high.
The Commerce Department reported earlier that new home sales in the U.S. dropped 13.4% to 394,000 units in July, far worse than market expectations for a 1.4% decline.
USD/JPY trading signal Looking at the 5-minute chart, USD/JPY has slowed the momentum at the high of the day, but has remained in a channel. The topside trend line come in at 102.90 while the […]
The most important is the long term trend, closely followed by the recent price action and picking your entry. Don’t let trading consume you. You can lose just as much money by trying too […]
The forex market is quite calm today after the tension in Ukraine faded as Russian President Vladimir Putin said he saw no need to use military force for now. For today I did not even […]
