Over 20 years in trading
I wrote in my FOMC preview, that FED will not hike and that droping of the magic word ‘patience’ will not change anything in the market for the US dollar, and only specific actions in tightening monetary policy will help to boost the US currencie. Otherwise, the most benefit from todays decision will have euro, this is what happend, +400 pips
Read moreEuro doesn’t give up and tries to recover from the loss and fail brake on Friday. Must say, that fall bellow 1.0500 could be a SL hunting, while EUR/USD was recover on Thursday all the way to 1.0683 high, but it was return latter and hardly push down on Friday afternoon, with no particular reason. 1.0500 didn’t manage to hold,
Read moreEUR/USD manage to defend 1.0500 at March 11. and rebounded to 1.0683 yesterday, but here we are today, 1.0500 is under heavy attack again. For now, the level is holding, but this is the hard betlle now and brake is possible. There is nothing new on the wires and it’s obvious thet someone want’s to close this week under the strong support at
Read moreThis level could stop the EUR/USD fall! Trendline October 2008. –> June 2010. –> March 2015. and previous support from March 2003. Is it possible for the pair to go lower, not on my oppinion, but be very careful, this is crazy market! I didn’t recomend EUR/USD long to no one in the last couple of weeks, not until now, but this
Read moreI wrote in my yesterdays EUR/USD analysis that 1.0550/70 is next target, here we are. Euro is falling like a rock, this looks preaty ugly now. There is no one from the other/long side!? If this level breaks, next target could be strong support monthly trendline at 1.0320/40, but is it time for a coffee break? For this last morning’s
Read moreAs I wrote in my EUR/USD analysis from March 04., after the pair broke 1.1100, next target could be 1.0760/90, the low from August 2003., this is what happen. Not only that the pair catch this level, it broke it and reach a low at 1.0734! It looks that there is no end for EUR/USD fall, the next target could
Read moreEUR/USD continue to fall on Friday and find a new 11 years low, 1.0963! There is no technical support at this level, not until 1.0760/60, previous support from August 2003. I wrote about this level in my previous EUR/USD analysis from March 04. There is not much to analyse here because I can’t see any atempt for recovery. The pair
Read moreAs I wrote on my previous article, when Mr.Draghi have a speach, market could move strongly, that’s exactly what was happen today during the press conference. After the ECB’s decision to put rates on hold, euro was bullish and at the begining of the press conference euro was catch 1.1114 resistance, the previous support from yesterday and from January 23./26.
Read more…about some abnormal levels, maybe it’s time to think about reversal!? It’s not a rule, but I experienced this several times in the market. On my oppinion, everything bad is priced in the euro, but there is nothing bad priced in the US dollar in the past 10 months. Sure, there was a lot of reasons for weakining the euro, 1st rate
Read moreAfter 7 hours of battle, EUR/USD broke previous support from January 23./26. at 1.1100, with low of the day at 1.1064 for now. If the pair close the day bellow, that level could become resistance. We can see that, the pair can’t recover at all in the last couple of days, and there is so many down trendlines here, on every time
Read moreBears keep the EUR/USD under control. Despite ‘US Manufacturing PMI’ weaker then expected, 52.9 vs previous 53.5, usd run against euro again. Last night the pair touch a low of 1.1159 and recover today to 1.1240high, the previous resistance from Friday. We can see at this chart, that euro can’t recover to 1.1260/80 and that means that strong seeling orders start from
Read moreEUR/USD closed the 8th month in a row in red! If we take a look at monthly graph, 1.00 could be target for the bears, but it want be easy to catch. 1.00 is for sure the strongest monthly support, the previous strong resistance from 2002., but there is several strong supports before as well. What could be the reason
Read more…in February, but it’s end of the month and now is the question, is it ‘needed’? For sure, it’s interesting view to consider about and these are the levels to watch. EUR/USD find support at 1.1180/1.1200 and trying to recover and catch resistance at 1.1260/70. High today is 1.1244 for now and that level is a minnor resistance as we can
Read more
Forex Trader 