Forex Trader

Some major weekly levels have been broken on Friday after the strong NFP numbers and it looks like the US dollar have the advantage for the up coming weeks, before December important meetings. Technicaly, this is what I see now. The fall stoped here at 1.0705, near the possible stronger euro support at 1.0650/80, the support level from April. That could

Well, the EUR/USD fall is not surprise any more and on every comment, whether is from Draghi or Yellen, the pair is falling sharp. Today, the bears have reached the stong support at 1.0800/50, with low of the day at 1.0844 for now. Could we call this level support any more? Hardly. If this levels breaks, the next station could

Strong technical resistances hold the pair on the way to recovery and the pair is returned to the downside again. 1.0890/900 is the target for the bears now, 1.0800/50 the next one. There is minnor support here at 1.0960/70, this could hold for a while. After each attempt to go higher, the sellers would take over and return the pair down, exacly

Santa Draghi and Santa Yellen have promised a lot for December in the last couple of days, and of course that the EUR/USD felt it immediately, but the December is far away. Well, let’s put that promises aside and see what we have technicaly now, after this preaty huge fall. The buyers have waited above the strong 1.0800/50 support and hold the free

The outer side of the previous strong support trend line want let go and the pair can’t pass true to reach daily MA’s 200 and 100 at resistance area 1.1115/35 for now. The pair has covered 23.6 of the ‘Draghi’s talk’ but this seams to be the sellers teritory now and it will be interested to see how will bulls respond

It’s obvious that Mr.Draghi is using all ‘weapons’ against the euro strengthening. Can he win this battle against strong tehnical levels only with talk? At my weekly chart You can see that the level 1.1400/50 is the ‘red zone’ and alert for him to act and he did each time. The bulls have tryed and succeeded to reach the uper line of the

Mr.Draghi knows how to crush the euro lower, he is well known by his dovish stance and talk. This time during the press conference was the unwriten rule, when Draghi talks, short euro is sure thing. I wrote that today before the press and here we go, down for 200 pips until now. The pair broke trendline easy, daily MA100 and it

After the pair didn’t manage to break 1.1380 yesterday, all day was to calm with up trendline support at aprox 1.1335/40. During the Asian sesion, the pair slowly broke that trendline and the pair slided furder to the support in this morning. Looks bearish and the support could be in danger now, wich is not strange if we know that ECB

Well, the pair is set for this possible solution for sure, but for the beggining 1.1380/400 must be broken. I point at this levels in my previous EUR/USD analysis from October 19. The support at 1.1280/300 was serious and the pair bounced up from that level yesterday, but the sellers at 1.1380 were ready and US sesion returned the pair back down

Euro is searching for the buyers on Monday and they could be here near 1.1300. This is third red day in a row downtrend, but there is not much voulume in this selling for now. Support at 1.3340/50 looks broken now, thal level was supported with H1/MA200 in the last two days. Could euro bounce back to that level, sure it can,

Let’s take a look at monthly chart and what do we have in 2015. so far!? The pair open the 2015. with 170 pips gap at 1.1936, after wich has slided to 1.0500 until March, where the lower channel trendline stoped the fall. If you can remember, I predicted that level as strong support and possible turnover here in my

After the pair broke 1.1420/50 yesterday and rached 1.1488 high, it looks like that the pair was set up for the new high levels today, but… That level was intraday resistance it the begining if the day and after the European market was open, the pair slide back to the first support at 1.1420/50. Nowotny efect? It was hold there by