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honeill replied Aug 29, 2014EURUSD tried to close Mondays GAP rallying again during yesterday session, but yet again the 1.32 level has offered resistance. The US dollar looks like it’s still strong, and as a result selling the Euro is the less risky trade to do in this market.
EURUSD
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honeill replied Aug 28, 2014The EURUSD rose during the course of last day session, testing the 1.32 level. Being an area of significant resistance, the gap lower that happened at the beginning of the week is still in effect and it should act as resistance, it should offer nice ...
EURUSD
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honeill replied Aug 27, 2014EURUSD tried to rally initially during yesterday session, but the 1.32 area has offered resistance once again. The market seems like it’s ready to continue the move downwards, especially considering that the candle closed near the low of the day. ...
EURUSD
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honeill replied Aug 26, 2014The EURUSD gapped lower yesterday, as the bearish pressure on the Euro continues. Breaking below 1.3185 and making new lows but is showing some signs of exhaustion and today we may see some recovery.
EURUSD
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honeill replied Aug 25, 2014EURUSD decline continues making new fresh lows on Friday at 1.3220 with no buyers in sight. The down trend continues intact for now but with a high risk of a short squeeze as stochastic is showing oversold conditions, the next support zone is within ...
EURUSD
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honeill replied Aug 8, 2014EURUSD initially fell during yesterday session, but found support at roughly the same place it did during the Wednesday session and it means that EURUSD is ready to bounce. The pair will more than likely head to the 1.3450 level, and possibly even ...
EURUSD
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honeill replied Aug 7, 2014Yesterday investors were quick to dump the euro, driving the currency to new lows at 1.33326, but then erased all of its losses to trade back up closing at 1.33832 and form a hammer pattern and a bullish divergence. Today we have the release of ECB ...
EURUSD
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honeill replied Aug 6, 2014Yesterday the EURUSD took another step lower and printed fresh year to date lows as the greenback strengthened following better-than-expected factory orders and ISM non-manufacturing PMI. Now the million dollar question: How low can you go?
EURUSD
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honeill replied Aug 5, 2014EURUSD initially fell during yesterday with a very tight range forming an inside day and as a result even if we do see some bullish pressure now, it’s going to have a fight on its hands to get above the 1.35 handle.
EURUSD
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honeill replied Aug 4, 2014EURUSD moved higher during the course of last Friday, as the nonfarm payroll numbers were worse than expected. The trend has been very bearish lately, so the fact that we ended up bouncing during the day on Friday isn’t that big of a deal, it ...
EURUSD
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honeill replied Aug 1, 2014EURUSD has found support at 1.3365 on the back of a bullish RSI divergence, coinciding nicely with a significant miss in US NFPs. This is the most significant bullish correction we have seen in the past couple of months, and the pair has broken out ...
EURUSD
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honeill replied Jul 31, 2014The EURUSD eased to trade at 1.3381 and continuing its downtrend even though German employment data was positive but a slight miss in annual CPI might push the ECB to add more stimulus at its next meeting. The Federal Reserve reaffirmed it was in no ...
EURUSD
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honeill replied Jul 30, 2014EUR / USD fell below 1.3400 during European morning for the first time since November 13, before leaving the German preliminary CPI for July and expectations of strong U.S. data to be released later in the day.
EURUSD
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honeill replied Jul 29, 2014The dollar traded unchanged against its G10 peers during Tuesday
EURUSD
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honeill replied Jul 28, 2014The EUR/USD is trading higher (daily chart), but the volume is down and the action is light. Everyone is waiting for Fed announcement later this week along with U.S. GDP and Non-Farm Payrolls data.
EURUSD
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honeill replied Jul 25, 2014EURUSD went back and forth during yesterday session, essentially settling with a wide range neutral candle. The market still looks a very weak and as a result and is taking a pause. We should see some more consolidation between 1.3437 and 1.3484.
EURUSD
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honeill replied Jul 24, 2014EURUSD initially tried to rally during yesterday session, but turned back around and close lower towards the end of the day, forming a doji candle. The range was pretty small though, so it appears that the breakdown is slowing down.
EURUSD
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honeill replied Jul 23, 2014EURUSD broke down during yesterday session, slicing through the 1.3476 support with ease. That shows real weakness, and as a result the market should continue to go lower, probably heading to the 1.33 level, but today expect a narrow range day.
EURUSD
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honeill replied Jul 22, 2014EURUSD tried to rally during yesterday session, but the market failed to hang onto the gains, and turned around moving lower showing a struggle around this area (1.3500 up to 1.3550). Looks like is going to test the last swing low at 1.3490 or even ...
EURUSD
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honeill replied Jul 21, 2014EURUSD initially fell during Friday’s session, but found reasonably support at the 1.35 handle. This area has been supportive for some time now, and is the bottom of a larger consolidation area. We have the 1.3642 level as a resistance area, and as ...
EURUSD