Over 20 years in trading
It’s not easy to find a clever solution after ECB’s ‘rate cut move’, but it looks to me that this could be a possible target now, after the pair settled down at the end of the last week. Resistance at 1.1180/200 looks preaty strong from my point of view, there is no point for euro to get stronger fundamentaly, technical is not
Read moreWhat an amaizing day for the euro. ECB cuts all interest rates, increases QE to 80 billion and announces 4 new TLRTO’s. At first, the euro sank for 100 pips down to the support at 1.0820, we have followed the move here in my blog LIVE with comments, on what could happen next during the press conference. I was pointed at this levels
Read moreAfter interesting last week and especialy Friday, the EUR/USD is settle in between the daily MA100 and 200, with slightly bullish tone. We know that, the Friday’s move was forced by the big players in expectation of the ECB’s meeting in this Thursday, March 10. Could we expect furder easing from Draghi? Yes we can and for sure that this
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For sure I am not! I wrote before two days in my EUR/USD analysis that, something like this will happen and that the stops are in danger in around this level, above the technical strong resistances. After the NFP data was out much stronger then expectation, many of the small retail traders tought that the US dollar will benefit huge from that,
Read moreBoring week on EUR/USD and it’s not a surprise if we know that the ECB and Mr.Draghi is coming with Interest Rates next week. The euro is finaly caught the air after 4 days on pressure and it bounced from the support at 1.0820/30, but a quite strong resistance is on the way up. At first, there is daily MA100 and trend line at
Read moreI wrote in my EUR/USD analysis from Friday that the support 1.0910/40 will stop the fall and it did, from where the pair bounced up and close the day and week at 1.0939. But, despite the bullish beginning of the new week in which the euro reached daily MA100 and high of 1.0962, previous support trend lines are now the resistances.
Read moreHere we are again at daily MA100 and at the important support for the euro. This time the sellers looks stronger then before two days, when they surrendered at 1.0956. Can the buyers defend this level again and turn the pair in they favor one more time? As I have already wrote in my previous EUR/USD analysis, this level at 1.0910/40
Read moreThe EUR/USD reached daily MA100, which I have predicted in my previous analysis and trade. What now? This level at 1.0910/40 is very important for the euro in my point of view and furder move will depend on development around this point. The US dollar is very strong and the USD Index is reached Daily MA100 as well. That’s why this is very interesting
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I am still in with my short position from yesterday and the market almost catch my profitable SL in the morning. But, I never move my SL and I didn’t move it today from 1.10574 because of the daily MA200 at 1.1050. My position survived with high of 1.10524, only 5 pips from my protection. On the down side, there is H4/MA200 which
Read moreBased on my view on the current situation and on my EUR/USD analysis over the weekend, let me present my trade. I opened short position near 1.1100 in the morning, protect with SL above the 1.1120 resistance and moved latter the same on the profit teritory, bellow the entry. As you can see, my target is still far away for now,
Read moreThe pair is stil moving true the down trend channel, in wich I have pointed in my EUR/USD analysis from February 19. Well, there is another crisis coming up in Europe, this time with the British referendum. As I wrote yesterday in my article about this, it’s not only a matter of GBP here, the Euro could feel the ‘heat’
Read moreThe EUR/USD is moving true the H4 down trend channel in the last couple of days while traders are wait fot the US CPI data. In my last EUR/USD analysis from February 17. I have pointed at possible break down to 1.1060/80 and yesterday the pair fell to that level, with 1.1070 low. After the support at that level, the pair rebounded up
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In my yesterday’s EUR/USD analysis I have pointed at the possbile breakout up from the ascending triangle. Sure, I also pointed out the importance of breakthrough the 1.1180/90 resistance at first, but the sellers have decided for break down true the trend line, after witch my predicted support level at 1.1120/30 hold the fall. Well, here we are today at the
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