EURUSD ALERT
Watch for a potential drop to the 1.3850 area in the late Asia early Eurpoean trade time frame. Risk is lightening up before the ECB and BOE announcments in the morning, as well as Friday’s US NFP… Great week of...
Read MoreWatch for a potential drop to the 1.3850 area in the late Asia early Eurpoean trade time frame. Risk is lightening up before the ECB and BOE announcments in the morning, as well as Friday’s US NFP… Great week of...
Read MoreI mentioned yesterday that the move just can’t be stopped and that 1.4000 was coming up next. It looks more and more likely at this point. According to FXCM’s SSI, the shorts have not given up on the… Great...
Read MoreThe move just can’t be stopped. Now that 1.3800 has been decisively broken, 1.4000 can now come into play. Watch the COT report for a capitulation in EUR shorts though. If EUR shorts suddenly give up… Great week of...
Read MoreAs I am writing this there is a big US open trade test of 1.3800 with a high so far of 1.3799. Over my shoulder I am hearing news of a renewed probable bail out of Ireland on news that more… Great week of trading topped...
Read MoreEURUSD Makes another high but indicators don’t follow. This is signaling some weakness may be seen in the coming days. There is no better time then this week for EURUSD longs to take a breather than… Great week of...
Read MoreDon’t misunderstand the title of this post. Because the pair is in a current struggle between 1.3600/50 does not mean it can’t go higher. In fact, it most likely will. The timing is another concern… Great week...
Read MoreIf you are not already long the EURUSD, now is not the time to do so. Chasing an already moving train is a great way to get run over. I feel for sure that 1.3600 will definately come under pressure… Great week of trading...
Read MoreThe pair is back at resistence seen yesterday, that being the 200hr SMA. Since my ADX is below both DMI’s, a directional break does not look like it is in the cards for today. However, I expect… Great week of...
Read MoreThe pair was unable to take on 1.2900 today and now that liquidity is all but gone for the extended weekend, trades will be scarce. The triangle and susequent break higher may produce a gap done over… Great week of...
Read MoreI am now watching these four lines. A higher pullback should be contained by line A. Line C is definate short term resistence. If price breaks C, then I will look for a test of the A line. 1.2677 and… Great week of...
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