Forex Trader

EUR/USD has fall to 1.1300 and it has erased 61.8% of the 1.1020 > 1.1715 gain, easy with not much support yesterday. Previous strong monthly resistance at 1.1420/70 fall easy in Monday, but the US dollar bulls has return that level back. Well, the 1.1280/300 hold for now, as you can see, there is 23.6 fibo as well, the level from

EUR/USD is in the selling pressure mode for the last two days, searching for the buyers at aprox 1.1400 and they are there. As I see this, the market players are still in some kind of shock, they didn’t expect this on EUR/USD and they don’t know what to do now!? Who was talking about huge ‘up move’ here beside me,

Are you surprised on the latest moves? I am not! I wrote about this in my EUR/USD analysis from August 08. You have seen my analysis from Friday as well, everything was set properly for this attack of 1.1420/70 and the euro bulls have took the advantage of the weak US dollar. Well, here we are today, we have new levels here, the

Third bullish day in a row after FOMC and euro has reached 1.1300 today. There is minor resitstance here which euro must handle to try daily MA200 at 1.1344. Brake or closing the week above that level could give the euro additional power and bulls will attack 1.1420/70 once again, after 4 fails. On the way down, first minor support

Euro is trying to recover after a 4 day loss in a row, but daily MA100 is on the way now at 1.1050 and it’s not easy for the bulls to return this teritory today. There is also M30/MA 100 at aprox 1.1060, H1/MA200 as well. That is the first resistance area today, second one is waiting at 1.1100/30, strong one at

I am following EUR/USD at M5 chart, which is unusual for me, but take a look at my analysis here. How easy the bears are returning the lost teritory now, pip by pip. Like there is no buyers at all!? Even the pair has broke daily MA100 on the way up at 1.1018 and reach high of 1.1082, the sellers have

Finally some positive news for Greece and EUR/USD fell for 100 pips. I can’t tell and I don’t want to speculate why the reaction is not in the opposite direction, but if we take a look at previous market reactions on the bad news, this is not surprise, right!? After the pair bounced up to 1.1196 and hit down trendline, selling pressure start

EUR/USD rises on hope for an agreement between Greece and the EU and this is just a minor positive reaction at Greek concrete bailout proposal. Finaly some concrete move from Tsipras. Technicaly, the pair is struggling today with yesterday’s strong resistance at 1.1120/30 from were the pair has crushed to 1.0990, where the buyers have taken over last night. The pair

After yesterday’s slide down to 1.0916, the pair manage to bounce at the end of the day and close above 1.1000. During the night at the Asian sesion, 1.0972 supported the pair, the previous support from July 06. after wich the pair bouced up again and reached yesterday’s resistance at 1.1058 high. Daily MA100 is placed today at 1.1030, it

I didn’t want anything to write on Friday, and today I’m not in the mood as well. Why? Well, there is so many headlines and talk of ‘nothing’, which is moving the market with no sense. But, tehnical analysis works despite everything and all I see is the levels I pointed here before. Greek saga continues, bears are still angry because

Daily MA 100 is placed at 1.1043 today and the pair opened the day above at 1.1050. For now, the low of the day is 1.1032 and it seams that daily MA 100 hold the pair on the way down. First resistance is placed at 1.1080, as you can see it was already hold on the way up. The level

Greek Prime Minister Tsipras has entered into negotiations as a lion, and slowly turns into a kitten. Market reacts sharply on each headline/news from Greece and it’s almost impossible to place yourself into a right possition. I know it’s hard, but technical levels work in both ways. Don’t run for the price if you’re not already in, because sharp reversals are