Forex Trader

After mixed data from US, EUR/USD tumbles true the previous support level at 1.1260/70. At this moments trying 1.1222 level, as you can ses, the previous ‘boost’ level from January 26./27. Could this level be broken as well? Euro is to weak to fight in theese moments and furdr decline is possible. Next minor support could be aprox 1.1200, previous

Greece get a deal at the end of the week and euro celebrated that, but… this was not growth as I expected. Could we see more eur/usd ‘saga trading range’ during the next week? Possible, but let’s take a look what do we have on technical chart. As we can see, 1.1270/80 supported the euro once again and pushed the pair up, toward

You can’t cover 23,6 fibo return from the 1.40 –>1.11 fall!? 🙂 The fall began in early May 2014. from 1.3393 and temporary find the bottom in the middle of January at 1.1097. After four weeks, EUR/USD can’t cover 23,6 loss, which is at 1.1777. On the way up, there is daily resistance at 1.1430/50, next is weekly at 1.1530/50, following

Whether the Greece ask for an extension to current bail-out programme or not!? That’s for sure the main indicator for this pair, and possible negative/positive result of the Eurogroup metting could brake all technical levels, be aware of that! But, in the meanwhile, let’s take a look what we have on technical chart now. Up trendline is holdnig on the

EUR/USD manage to brake several resistance areas, but still looks vulnerable on the higer levels. There was no reaction at all on better then expected EU GDP (0,9% vs 0,8% exp). Could this 1.1400 area hold the pair on the way down and return the pair up toward 1.1530/1.1650? Greece bailout is still to much weight for the euro!?

Before and after this two times ‘roller coaster’, EUR/USD is driving between 1.1270 and 1.1370. Bulls are holding on the way down, bears on the way up but, based on what we seen here, the pair is more favorable to the bears. Could buyers turn the situation from 1.1230/70 or they will retreet to the lower levels toward 1.1100?

EUR/USD approached the first level of support, which start at 1.1300, but the pair could reach lower and search for stronger buyers at 1.1260, –> 1.1230. Bounce from last night was limited and the pair catch the high of 1.1359. Euro weighed problems of Greece and waiting for the new headlines!?

I have already mentioned last week, that the market is too nervous, reacting on the headlines strong and quickly! You have probably saw/experienced that at EUR/USD, with 200 pips up/down ride, for two times last week! On February 03. the pair strongly jumped from 1.1320 to 1.1533, after wich start to fall slowly at the begining, but after the ECB

The market is too nervous, reacting on the headlines strongly, up, down, up… Here we are on the EUR/USD, reached 1.1456 high for now. I pointed yesterday at my analysis that, 1.1310 could be a possible support and that level was the point of support, with low at 1.1304. The pair is strongly bullish, and it want’s higher levels for

EUR/USD erase yesterday’s gain! The pair reached the top at 1.1533 resistance yesterday, after wich the pair turn down again. During the day the pair had a bearish tone and create down trendline which has pushed the pair down bellow minor support at 1.1400/20, which emediately has become the resistance. After the ‘ECB’s news’, the pair hunt a few stops

After several days of consolidation, EUR/USD manage to bounce 200 pips, from 1.1330 to 1.1530, where the pair stoped because resistance level, previous support from January. Could bulls manage to cover ‘ECB’s QE launch’ loss at this pair? The fall was started at January 22. from 1.1650! First support on the way down is 1.1400/20.

EUR/USD is on the selling pressure each time when bulls try to recover the pair on the way up. Resistances all over the chart, down trendlines… For now, first resistance at 1.1365, second at 1.1420, where the down trendline is placed as well. But, could the pair bouce at all? On the way down, first minor support  at 1.1265, second