Next Week in Forex Here is a list of important news coming up this week and forex traders must watch: Monetary data: Monday, 9:00. According to the ECB, M3 Money Supply, or the amount of money in circulation, rose at an annual pace of 5%, and no change is expected. ...
Read More »Sign of life for EURUSD
Sign of life for EURUSD As we mentioned yesterday after 10 days the pair finally shows some sign of life. EURUSD had an impressive trading today, it hit the daily high at 1.0657, above the 100 hour MA. In fact there was a bar where the price closed above the ...
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Read More »Technical Analysis EURUSD 9-8
Technical Analysis EURUSD EURUSD broke above the 1.13 level and also above the 1.1318 resistance but sellers rushed and push the pair back below the 1.13 and this is not a good sign for the EUR. EUR is still trading above the 100h EMA and some buyers will push the ...
Read More »EURUSD Technical Analysis 9-7
EURUSD Technical Analysis 9-7 The pair shows sideways trading today after breaking yesterday the 1.12 level due to worst than expected ISM number from USA, EURUSD affected by stochastic negativity that might push the price to test the support base formed above 1.1196 level. The bullish trend scenario still active ...
Read More »EUR/USD buy signal
EUR/USD buy signal The pair has been trading sideways since the Brexit decline. The lower level is at 1.0980 and the top at 1.11. The ECB will cut rates by the end of 2016 and it could also taper its QE program. Earlier this week, German ZEW Economic Sentiment, shocked the ...
Read More »EUR/USD buy signal
Nice move from our favorite forex pair EUR/USD, after hit the daily high at 1.1349 the sellers stepped in and drove the euro back down to 1.1242, which now acts as a strong support, entering a long position for the pair at the daily lows will gives us the opportunity ...
Read More »Strong short term support for EUR/USD at 1.11
Strong short term support for EUR/USD at 1.11 The most favorite currency pair remains unable to gather traction on Monday, relegating EUR/USD to the 1.1100 neighbourhood the Wall Street open. Despite the prevailing selling interest on EUR, the forex pair manages quite well to keep the 1.1100 handle, a break ...
Read More »EUR/USD after Draghi
EUR/USD after Draghi The day after an ECB event is important. It gives traders an important clue about how strong any moves were and whether sentiment remains strong enough to keep those moves intact. Traders are reacting to the headlines after the announcement and the next day are assessing what they ...
Read More »Forex Daily Report
Forex Daily Report (5-8-2015 8:00pm GMT) US dollar supported against all the other major currencies, after data showed that the U.S. economy created slightly less jobs than expected last month, while unemployment declined in line with market expectations. U.S. unemployment rate ticked down to 5.4% in April from 5.5% the ...
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