Over 20 years in trading
I wrote yesterday on my EUR/USD analysis that I don’t know where the pair could go from the 1.2445 level, because I didn’t sow stronger support before 1.24, but as you can see on the chart, 1.2445 was the level where euro was find solid support. It’s very hard to trade this pair on those levels between 1.2400/500, because there was several deferent
Read moreAfter the late Friday rally Asian sesion push the EUR/USD higher at the top of 1.2577 and then the pair start to fall continuously down, all the way to the 1.2485, but didn’d find enough strenght to fight back. After Mr.Draghi speach the pair fall furder bellow this support and cover 61.8 fibo return from the Friday/Monday morning rise. Looking now, I can’t find
Read moreAs I already wrote on my analysis from November 10., EUR/USD can’t handle 1.25 and there are the same reasons still standing on the way. 23.6% of the fibo return from the October 15. –> November 07. fall, H4 down trendline and 1.25 is some kind of the psychological level for the pair. What can’t go up, must go down and we can expect
Read moreEUR/USD opened the week at 1.2463 by jump over the minor resistance at 1.2450, with low of the day and supported for now at 1.2453. At this moment EUR/USD manage to catch 23.6% of the fibo return from the October 15. –> November 07. fall and fight with no strenght at resistance 1.2490/1.2500. That looks like minor resistance but there
Read moreECB leaves key rates unchanged, main at 0,05%, depo at -0,2% and marginal at 0,3%, but then comes dovish Mr. Draghi at the press conference and brake euro down. He said, ECB unanimous in commitment to act again if needed. No shit!? 🙂 EUR/USD brake previous two year low at 1.2440/50 and stoped at 1.2395, in thoose moments try to recover
Read moreFew hours before European PMI data EUR/USD start to fall and after data just confirm one more bearish day. For now, supported at previous bulls level from November 03. at 1.2470/80 manage to recover few just few pips up. Stronger, if we can call that on this pair, support lies at two year low 1.2440/50. Could this triangle be the
Read moreThis is not strange, I was patient and wait for a several hours to move my SL on the BE, but Mr. Makrket decided to go back one more time and collect my SL before fly and touch the sky. 🙂 This was probably my mistake, because 1.2500 level was well supported and my tight SL was protected with very
Read moreAfter US durable goods Sept. weaker data -1,3% vs +0,5% exp. EUR/USD rise 50 pips, hit MA200 H4 and aproaching down trendline at 1.2775. If the pair manage to brake that line next stronger resistance is waiting at 1.2840/50. That level is 23.6 fibo retracement from EUR/USD May/September fall, allready reject the pair at October 15.
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