Forex Trader

But sellers are serious here as I wrote in my yesterdays EUR/USD analysis. Well, bulls are serious too and as I see it, this level could fall at the end of the day. I wrote that this will be the hard batlle here and you can see it is for now. Another resistance is waiting above at 1.1500/535 if 1.1450 falls.

Euro continues winning series and it want’s a higher levels, but here is the sellers teritory now. Even the euro looks bullish enough for brake true, I don’t see that as an easy move and we could see a hard batlle in the upcoming days. This level is important for both sides because, brake true will lead euro toward daily MA200 and

Closing my short ‘NFP position’ now has even more meaning, right!? The euro recovered exactly from the level where I closed my short, from 1.1135/40. Like I said yesterday, my reason for closing was to strong support there and I expected a turnover from that level. As you can see it, that level boosted euro up, started during the night.

While the euro returns to collect the ‘forgotten stops’ under the 1.1280/300, let’s take a look at the EUR/USD Monthly chart. As you can see, 1.0500 stop the huge fall which has start in May 2014. I predicted that stop/return point in my analysis from March 11. After 10 months of the sharp falling, the pair finaly find the buyers and rebouded in

Euro manage to brake true the Daily MA100 (1.1262) and resistance at 1.1280/300! The pair opened a new day above the 23.6 fibo and aiming to the next target to 1.1450/530. On the way down, previous resistance at 1.1280/300 could provide a solid support now, on the way up, first resistance lies at 1.1380/90, just above the yesterdays high of 1.1369. Bulls

I wrote about this yesterday in my EUR/USD analysis when the pair reached low range level. Is this possible development in the next few days? Yes it is, but keep an eye on this resistance 1.1280/300 and if the pair return back down, on the support 1.1000/050. For now, Daily MA100 stoped the pair on the way up at 1.1262 and

But, the pair has aproached to the stronger support levels now, 1.1070/90 is the first one, stronger at 1.1000/50, the previous strong resistance from March/April. On the way up, 1.1110/20 could be minor resistance, 1.1180/90 stronger one. Let’s see how will buyers react here, this could be consolidation range between 1.1000/1.1300 for a while if this support hold the pair

We reached my predicted target/resistance at 1.1280/300 last week, the 23.6 fibo return of the July 2014/March 2015. huge eur/usd fall, after wich the sellers have taken over the control and return the pair down to 1.1175 support, where the pair ended the week. What do we have now? You can see, that euro started the week in a bear