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Interesting day, isn’t it!? EUR/USD fell down to 1.1200 support once more, after wich the pair get wings during the Fed’s Yellen press conference, reached 1.1357 high for now. Regardless of the strong bullish trend, the euro didn’t manage to catch 1.1380/90, the previous resistance from June 04./06. Could it be reached until end of the day? 1.1350 is the
Read moreThe pair is under strong pressure for 6 hours, reached 1.1208 low for now after 1.1328 high in the morning. The reason? There is no particular reason as I know, but I wrote today that, this will be the hard fight between bulls and bears here and someone will be busted at the end. Today, the ‘small longs’ were busted.
Read moreEUR/USD jumped almost 100 pips and returned back 50% for now, but as I see it, the buyers are ready to bust EUR/USD shorts here. Sellers are ready and waiting at 1.1340/50 > 1.1380/90 > 1.1450/60, they will not give up easy. Buyers have a little bigger teritory 1.1250/60 > 1.1180/200 > 1.1150 > 1.1030/80 and they have advantage for
Read moreIt was interesting Friday, isn’t it? EUR/USD get wings after the pair touched H4/MA100 at 1.1150 anf fly high all the way to 1.1296, after wich the pair retreated back to 1.1253 and close the week. Well, news over the weekend wasn’t optimistic for the Greek deal and the pair opened the week with 24 pips minus gap, at 1.1219.
Read moreFrau Merkel try to brake the euro today, but the european curency wan’t give up and it celebrates possible Greece exit from the EU!? 1.1150 stoped the fall today, (H4/MA200) and the pair rebounded stongly up, reached 1.1240 high for now, but it seams that this is not all we could see today. Down trendline is holding, but who know for
Read moreEUR/USD fell sharply true the support after Angela Merkel said, that too much strength in the Euro would limit the effectiveness of reforms in Spain and Ireland. As I see it, they were surprised how the Euro is holding well after Greek deal failure in this week and if it’s not Draghi’s that is dovish, it must be someone else, the
Read moreThis chart is showing where the buyers are placed for now, at 1.1180/200, exactly as I pointed in my previous EUR/USD analysis from June 09. But, how much they can hold this line of defense? We can see, that the sellers are serious and they don’t give the opportunity to recover today. On the other side, theese three up trend lines are
Read moreI wrote in my ‘NFP eur/usd’ analysis in Friday that the pair is at the buyers teritory again and that reversal is possible from 1.1060. That’s exactly happened yesterday when the pair has covered complete ‘NFP loss’. Early today, the pair made a new high at 1.1344, after wich has reatreated to the minor support at 1.1250/60 for now. Sellers would
Read moreBut, can the buyers defend this level now, or the sellers will manage to brake true!? Well, it will be interesting to see this batlle now because, all the way to 1.1000 could be filled with long orders and turnover from this level is possible. Strong 280K NFP data pushed the US dollar all over the market, but unemployment rate
Read moreAccording to Bloomberg, Greece will not be paying the IMF payment of 312 million euros tomorow. Is that surprise or!? Of course that news like that has ‘disturb’ the EUR/USD on the way up and returned the pair down to the 1.1222 low, erasing the whole gain from today. 1.1300/10 support didn’t manage to hold and the pair pass true
Read moreThe bulls are serious for third day in a row and they have pushed the euro true the 1.1310/20, for now reached 1.1379 high today. This level was resistance from May 06./07./13., on the previous 1.1450 attack. If that level will be broken, next target for the bulls is previous resistance at 1.1450/60, follows 1.1500/35, the resisistance from February 03./04./05./06.
Read moreImagine this, the euro went up after Mr.Draghi and this is the second time in a row after his speech. Well, I was pointed at this support 1.1060/80 in my morning EUR/USD analysis and that was the point of bounce after Draghi was answer at the question about growth. Even the Draghi was more dovish then hawkish in his answer,
Read moreGreat day yesterday. The euro has broke several important resistances on the way up, all because of the possible ‘Greek deal’. First resistance at 1.1000, second the stronger one at 1.1030/60, daily MA100, H4/MA 200 & 100, everything was ‘easy job’ for the bulls after wich they took important territory again. 1.1200 was the resistance they didn’t manage to brake, I
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