Forex Trader

Strange moves in the market after CPI? It looks like, but market is in anticipation of FOMC and finaly speach for the end of the year, where most of the ‘players’ are expecting what, miracle!? Ok, EUR/USD is down for more then 100 pips today with no reason, 1.2350/60 support is first line of defense, stronger one down at 1.2240/50, low of the

Take a look at pure and clean EUR/USD Monthy chart. What do you see? MA200 stoped the decline for the third time. I mentioned this level in my previous analysis as a possible bottom for this pair and 1.2240/50 as a possible turnover point and that’s exactly what happened. EUR/USD rebounded at 1.2500 for now, but could this be a long

I pointed at my previous EUR/USD analysis that 1.2240/50 could be the bottom for this pair and after the pair rebounded up, that level wasn’t in danger again. Could that level be the bottom for this year and whether the pair return at least 23.6% loss from the May 08. –> December 08. fall and get back at 1.2650? The

I didn’t have much to analyse in the last two days, I can only conclude this week with EUR/USD H4 chart. My previous analysis was showed enough for this week, like EUR/USD from December 09.  I pointed then, that EUR/USD will go higher, and that 1.25 will be the next bulls target and pointed that level as an resistance. Well, bulls manage

The pair stuck at the 1.2350/60 resistance for the last 5 hours, but looking bullish at the moment and it looks like 1.25 could be the next bulls target!? On the way up bulls have the strong down trendline at 1.2430, MA100/H4 and resistance level at 1.2450 and that could be the first real test for them, if they manage

I wrote in my EUR/USD analysis from December 03. that I don’t see any major support before 1.2240/50, and here we are today, 1.2246 low for now. If we take a look at EUR/USD high for 2014. at 1.3993, which was reached in May, the pair is falling 7 months of 8 and 6 months in a row. Today, the pair aproached

I have a little joke for the end of the week, and EUR/USD is perfect for that. We have new pattern on the FX named ‘Bed formation’. 🙂 I think it’s time for all of us analysts and traders, to go to that bed and have a nice sleep over the weekend, or maybe a month, like the real bears did! Wake

I wrote today, that euro will possible recover if Mr.Draghi stay just on talk and that’s exactly what is happening now. Here are the 4 possible ‘resistance steps’ on the way for the euro bulls and if they manage to brake that, euro could catch new hights until end of the year. Edit: 19:15 h (GMT) The pair stoped near my 2nd

As I wrote in my EUR/USD analysis yesterday, it will be logical for the pair to test the support at 1.2350/60 again, that’s exactly what happend today. The support didn’t manage to defend the line and the pair fell to the 1.2321 low. This previous support now could become a resistance, and to be honest, I don’t see any major

From the begining of November EUR/USD ranges between 1.255 and 1.235. Strong daily down trendline pushing the pair down and range is tightening in the last couple of days. It will be logical for the pair to try the support 1.2350/60 one more time, but as we can see, for the last three days euro is defending 1.2420. Euro can’t

First reaction on better then expected data was decline to 1.2390 and then reverse reaction after wich EUR/USD broke the previous resitance at 1.2450/60. In my yestreday EUR/USD analysis I draw this possible scenario, stop at 1.2450/60, back and posible rebund from the level 1.2395! For now, the pair stoped at 23.6 fibo return from the October 15. November 07. fall. This level was

As I predict the possible movement on my EUR/USD analysis from November 21., the pair touched last night the support line at 1.2350/60, previous two years low and rebounded today to the 1.2430 level. At 1.2450/60 we have minor resistance, but it could be hard to brake, because of the trendline and resistance level. Stronger resistance wait at 1.2485/1.2500. On the