Over 20 years in trading
The important support at 1.1800/35 is broken yesterday, which held the pair for a month, as I have predicted in my last EUR/USD analysis from August 29. As I pointed then, I sow a resistance at 1.2100/35 and the pair even did’t manage to reach that level, with high at 1.2092 in September, just a few pips bellow. It’s obvious
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FEDERAL RESERVE ISSUES FOMC STATEMENT Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have remained solid in recent months, and the unemployment rate has stayed low. Household spending has been expanding at a moderate
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As you can see, everything is precisely explained in the chart. The pair was supported for several times from 108.13 (the low), all the way to 108.70 and on Friday September 08, the pair finaly broke the support, closing the week at 107.84, well bellow the support area. For sure, that closing on Friday gave the sellers view of the
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At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period
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Exactly as I predicted in my previous EUR/USD analysis on August 18., the euro bounced up from the marked support and break 1.2000 today. In this moment, the EUR/USD is at the highest level since December 2014., at 1.2060, holding the 6th month gain in a row. As I see, the next possible resistance is latest at 1.2100/35, where the
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With respect to my monthly analysis from August 02. and the forecast of the eur/usd possible target after the break of important resistance, here’s how I see the pair on daily chart. As you sow in the market, the pair is moving for days in between 1.17 and 1.18 without a clear direction and based on my technical chart, this
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It’s a 3rd time that the bulls have reached the resistance level at 1290/95 in 2017. First time they have been rejected in April, second time in June and it will be interesting to see how this 3rd attack will end. In the previous week, they have been stopped again at 1292 and in this week, the bears have pushed
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I don’t trade Bitcoin, but I follow the news and developments with crypto currencies preaty much. What was interesting for me in about month ago were the headlines of the possible Bitcoin and other crypto currencies crash in the coming period. Everybody was writing about the same thing, the Bitcoin ‘will crash’ soon. Of course, such a headlines, which were
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After 5th bullish month in a row, the EUR/USD buyers finaly manage to brake strong resistance, which held the pair for more then 2 years. As I pointed in my previous EUR/USD analysis from July 18. this was a 3rd attack and it was successful. On the last day of July, buyers pushed the pair true the 1.1800 level, which
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After hike in June, the FED leaves rates unchanged at 1.00>1.25% today as expected. Here is the full FOMC statement on July 26, 2017 Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have been
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ECB leaves main refinancing rate at 0.0%, marginal lending facility at 0.25% and deposit facility at -0.4%. ECB leaves asset purchase target at 60 bln EUR as well. ECB press conference follows, you can watch it live here. In the meanwhile, check my montly EUR/USD analysis from July 18. and watch the resistance levels which could be attacked latter on.
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