Tag Archives: EURUSD

EURUSD Price Action – Sell Trade Setup Profits

EURUSD – Sells Off From Key Resistance (4hr chart) We’ve been talking about being bearish price action and potentially selling near the key resistance and FOMC spike highs for a few days now. Today the Euro hit that same resistance … Continue reading

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EURUSD Price Action – Sell Trade Setup Profits Heavily

EURUSD – Sell Trade Setup Profits Heavily (4hr chart) Recently in our members commentary, we talked about selling near the key resistance level on the Euro. Yesterday we posted the chart of our short at 1.1030, which at the time … Continue reading

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Trading the US Core CPI Release, April 17, 2015

US Core CPI is expected to rise to around the 0.2% and as Feds opened the door for rate hike later on this year, (although at a slower pace than expected), a stronger reading would definitely add to the speculation, … Continue reading

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FX Update: USDJPY Climbs To Highest Level Since 2007

A brief recap of last Friday’s action on the other side of a three-day weekend for many of us: the US April CPI release saw the core CPI out at +0.3% month-on-month and +1.8% year-on-year, both beating by a tenth … Continue reading

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Bearish momentum in the Pound/Dollar continues

The recent close below 1.55 was a critical blow for the Pound/Dollar bulls, and the bears have continued to exploit each opportunity to increase selling pressure with the pair still looking technically vulnerable to further declines. The indications from the … Continue reading

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Dollar slides after Obama comments

The dollar has suffered some unexpected weakness on the currency markets following the emergence of surprising reports that President Obama has expressed some concerns over the strength of the USD. I have to be honest, it is very unusual to … Continue reading

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Thursday’s Technical Report: EUR/USD, GBP/USD, USD/CHF, USD/JPY

EURUSD EUR/USD is trading near important resistance where a previous resistance exists at 1.1385, which should be breached to affirm the bullish direction. EUR/USD 4-Hour Chart The pair may extend the upside direction as far as 1.1250 holds in addition … Continue reading

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FX Update: Market Doesn’t Know What To Do With The Euro

The market is clearly very confused on what to do with the euro as the uncertainty over Greece hangs over the market. The one correlation that seems to hold, regardless of whether we can discern the logic, is that weak … Continue reading

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EUR/USD With 2 Bullish Counts

More than a month ago, on June 17th, we published “EURUSDComplicated Ahead Of FOMC”. With the pair trading near 1.1260, the wave structure was suggesting it could reach 1.15, before reversing to the south again. The chart below shows what … Continue reading

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Euro Trading Lower In The Asian Session

EURUSD EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.21% against the USD and closed at 1.0953. In economic news, Germany’s Markit manufacturing PMI improved to a level of 51.8 in July, compared to a reading … Continue reading

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