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honeill replied Jul 18, 2014EURUSD went back and forth during yesterday session closing near the open forming a doji and showing that the 1.3426 up to 1.3525 is a strong supportive zone. With this in mind, the market may be ready to bounce from here, and head back towards the ...
EURUSD
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honeill replied Jul 17, 2014EURUSD fell hard during yesterday session hitting a daily support at 1.3525 and still remains above the 1.35 handle. However a break below the 1.3476 support zone, could throw the EURUSD down to the 1.33 level.
EURUSD
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honeill replied Jul 16, 2014EURUSD fell during yesterday session, breaking below the upward trend line and the lows from the past couple of weeks amid jitters minutes before the testimony of Fed Chair Yellen before the US Congress. However, there is a significant support zone ...
EURUSD
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honeill replied Jul 15, 2014EURUSD tried to rally during yesterday session, but as you can see gave back about half of the gains consolidating within a tight range of 1.3590 support and1.3650 resistance. Ultimately, this is a market that looks far too choppy to be trading.
EURUSD
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honeill replied Jul 14, 2014EURUSD went up and down during the course of the session on Friday, making an inside day and essentially holding the 1.36 level again. That being the case, the market seems like it’s ready to move upward to the resistance at the 1.37 level again.
EURUSD
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honeill replied Jul 11, 2014Although yesterday session looks like a panic sell-off on EURUSD, the market is still trading in the middle of its one month range so trading conditions are being controlled. The situation in Portugal should be watched closely by traders to ...
EURUSD
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honeill replied Jul 10, 2014Yesterday ECB President Draghi said that ECB officials are unanimous to act further if need be and that ECB policy is to remain accommodative for extend period. While the ECB did not alter its policy, the message was dovish, with a wide open door to ...
EURUSD
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honeill replied Jul 9, 2014EURUSD should stay in a range today until late this evening as investor’s await clear signs from the U.S. Federal Reserve (FOMC June minutes) that it is on track to raise U.S. interest rates next year.
EURUSD
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honeill replied Jul 8, 2014EURUSD initially fell during the session yesterday, but found enough support below the 1.36 level in order to continue going higher. This pair formed a very bullish hammer closing near the highs for the day, is expected that it will continue to move ...
EURUSD
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honeill replied Jul 7, 2014EURUSD pair fell during the session on Friday, but unrequired to say since the U.S. we’re celebrating Independence Day, liquidity was extremely low. EURUSD starting to bounce around the 1.36 level, so it’s possible to get a bounce from here, but at ...
EURUSD
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honeill replied Jul 4, 2014EURUSD fell during the course of yesterday, as the ECB left the door open for QE and said it is “watching”. This weighed on the euro. Before American traders celebrate the 4th of July, pressure mounts on the common currency. Also the jobs number out ...
EURUSD
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honeill replied Jul 3, 2014EURUSD fell during yesterday session, testing the 1.3650 handle, previous resistance change its role and become a new area of short-term support. We need to see a break above the 1.3705 level in order to be comfortable buying.
EURUSD
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honeill replied Jul 2, 2014EURUSD fell during yesterday session, as the 1.37 level did offer resistance. This has been the case for this level for some time now, the truth is that the nonfarm payroll numbers coming out tomorrow will somewhat hold back any significant moves in ...
EURUSD
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honeill replied Jul 1, 2014EURUSD broke higher during yesterday session, slamming into the 1.37 handle. This is an area that’s been significant resistance previously, so it makes sense that the market stopped right there. However, the fact that we are closing out the top of ...
EURUSD
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honeill replied Jun 30, 2014I believe that ultimately this market should continue to stay in the consolidation area that we have been in for some time although EURUSD had a positive session on Friday, breaking the top of the hammer for the Thursday session which of course is a ...
EURUSD
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honeill replied Jun 27, 2014The EURUSD fell during yesterday session, but found enough support at 1.3575 to bounce suggesting a bit of buying pressure, and it should go towards the 1.37 handle. However, that level should be fairly resistive, but the market is going to be very ...
EURUSD
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honeill replied Jun 26, 2014EURUSD managed to hold its ground and even rise a bit yesterday, thanks to the greenback’s weakness. The horrible GDP number of the United States showed yesterday couldn’t give the Euro enough juice to gain significantly. If that could move things ...
EURUSD
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honeill replied Jun 25, 2014The EURUSD went sideways yesterday, essentially embracing the 1.36 handle again. Because of this, it is very hard to trade and is essentially at the direct center of the larger consolidation area having a floor at 1.35, and a ceiling at the 1.37 ...
EURUSD
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honeill replied Jun 24, 2014The EURUSD went back and forth on Monday, essentially settling nothing as we continue to hang about the 1.3600 level but made an inside day. A break above yesterday’s high could send the pair strait up to 1.3650.
EURUSD
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honeill replied Jun 23, 2014EURUSD tried to rise up from support early in the week, rising on the weakness of the US dollar. However, the euro has issues of its own (ECB) and the pair eventually dropped back to support. Sell the rallies but be aware US housing data that lies ...
EURUSD