Over 20 years in trading
And, that is the reason why I always talk about technical levels. There was so many news about Greek deal in the last three days, mostly bad ones and what happen with the euro at the end? Nothing! In my last article on the Greek crisis, which I wrote on June 22., I wrote that I will ignore all the
Read moreEUR/USD is moving based on the news on the wires and on every new ‘surpise’, if there is any, the pair is moving strongly down/up! But, the technical levels are still holding. 1.1150 hold the decline and 1.1220 hold on the way up. The bears are reacting strong on every bulls attack and return the pair down under the 1.1200. However,
Read moreThe levels are clear and accurate as they can be, in 1 pip. Strong support today, first at 1.1185/95, after at 1.1170 for hours. The pair jumped in the last hour, but trend line stoped the euro at 1.1220, where the previous resistance was placed today, another trend line as well. We can’t say that the euro is bullish today,
Read moreThe pair has recovered from the lows and reached 1.1234 high for now. I point this 1.1150/60 yesterday in my analysis as possible support and reverse point. You can see, that the pair has struggled with the 1.1200 level in the morning, but it manage to brake it and now is aiming to 38.2 fibo return of the yesterday’s sharp fall.
Read moreWith 1174 low today, gold has erased all gain from ‘FOMC day’. Surprise or not, I wrote in my gold analysis from June 18., that 1204/05 is not easy level to pass true. There was to much technical resistances and gold is not favorable investment for weeks. This is third month in a row that gold is moving around $1180.
Read moreWith low at 1.1134, the EUR/USD fell over 200 pips today and the sellers are still in control over the pair. The euro is trying to recover and it reached 23.6 fibo return of today’s fall at 1.1197, after wich has retreted back again at 1.1160, where the minor support is placed for now. Amaizing pressure on the pair today, I
Read moreAt least for now, the pair is looking extremely bearish. 1.1180/200 could be the next target for the bears, H4/MA 200 is placed at 1.1190, follows 1.1150, the previous support from June 05. EUR/USD has broke two trend lines in this latest decline, 23.6 fibo as well in the morning. Could the pair recover from this level? Technicaly, the pair is
Read moreAcording to the BBC, Greece’s economy minister Giorgos Stathakis have said that he believes Greece’s new proposal is acceptable and that there is basis for the formal agreement with Athens to complete the current bailout programme and release €7.2bn of vital funds. EUR/USD is shy with 1.1407 high for now, but it looks like that 1.1460 could be attacked!? EUR/AUD is looking
Read moreIt’s not surprising that EUR/USD is moving like a roller coaster, ‘the Greek news’ changing the direction each hour. Failed documents from Greek government, not failed, the deal is near, the deal is not near… It could be a wild up/down ride until. On the other side, as I always write, technical still works and the support/resistance levels are still
Read moreI was in the market with the crisis in Ireland, Spain, Portugal, Italy, Greece before, (it’s always Greece)… Well, it’s not easy to trade in the times like that, I’ve been there and try that for several times. All debt criss, deal or not, day by day, week by week, etc. The market is to nervous and the traders don’t know
Read more1.1295 is the 23.6 fibo return of the huge 1.3993 > 1.0461 EUR/USD fall. After the pair didn’d manage to reach 1.1450/60 resistance, it slipped back true the 1.1380 > 1.1340, reached 1.1304 low for now. There is H1/MA100 and 200 placed at 1.1297/1.1293 as well. It seams that the fear of the Greece deal failure has returned. If this
Read moreGold buyers are finally woke up and showed interest in precious metal today. From low of the day at 1183, gold reached 1203.44 high today for now, brake true the daily MA100 at 1200. This level is previous resistance from June 01., daily MA200 is placed at 1207, down trend line at 1211. Is this enough for one day or gold bulls
Read moreThe bulls are holding the pair under control between 1.1380 and 1.1420 for the last 6 hours. After weaker US CPI the pair tried to brake true and reach 1.1450/60, but it didn’t manage. As I wrote, the previous strong resistance now support at 1.1380 is holding on the way down, 1.1330/40 is next support if the pair retreat back.
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