Ahead of the ECB rate decision tomorrow, the futures markets see almost zero chance we get anything other than a hold at 4.50%. This falls in line with other economies including the Bank of Canada which held rates earlier today. From a technical perspective the Daily chart is back above the wedge breakout level. I took a Long this morning from 0.87140 after a...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ on Aug 31 I talked about the EURUSD market and how it's moving Bullish after a Breakout in the trend, Today we see that the market moved exactly like we thought it would. ...
In this video I look ahead to the major news event for the Euro later today, the ECB Rate Decision. I mark out the key levels I will be watching during and after the event to monitor where any trades will be placed.
This is what I say you yesterday at night that as European Central Bank meeting's today, the Euro is up today and waoh, that is a great sentiment of what investors buy and buy Euro, also we reach the 100 pips and left 40 pips to complete 140 pips, So guys, the moment to put break even is right now to protect your long position until is complete your earnings.!!!
Signal no.4✳️✳️ Buy Eur/Gbp @ 0.9086 Tp - 0.9156 & 0.9210 Support around 0.9063📣📣
Hello traders, today Euro show a bull candlestick and we see a confirmation that Euro want to grow up, well, in H1 timeframe we see that the previously candlestick was a libelula doji and then, was the bull candlesticl of confirmation, that mean a long entry to find up pips to earn a lot. And also, we are into the confirmation of pull back in the bullish rising...
Hello Traders !!! Hope you are doing well I am listening live to the ECB press conference and one piece of information that traders apparently are ignoring for the moment is this direct quote from Lagarde : " Based on the current price of oil and the future one, we believe that inflation will decrease in the future" As we know, oil is the main driver of...
Hello guys and good morning. So, I have good news for EUR, because using the fundamentals as technical analysis, EUR is continue the rally bullish from May. So, yesterday, EUR/USD is touch my SL and there, my technical analysis was good and continue bullish based in fundamentals, but in H1 timeframe, we see a bullish risign wedge and the par is slow in the...
Well, in the morning, we see an another par what can up the next hours. So, in H4 basically we are in the Shoulder Head Shoulder bearish, but in H4 we see that institutinals going to up the price over 70 pips if the news of ECB can be a strong impact in the Eurozone. This ia a scenario, so, if the institutionals make a drop a littel the price, it's can be a...
EG has been dipping lower since Friday afternoon EURO selloff into the weekend. With more pressure upcoming from ECB and with final unemployment rate + GDP news for EURO tomorrow we could swing into this lower low. Potential h & s on 4HR TF 1 confirmation EXY and BXY both in bullish trends is a nullifier. will need USD bulls to help out with this drop as...
EURUSD will make at least a 50% retracement at some point tomorrow 3/12/20. The ECB is expected to cut interest rates by .10% and possibly mention more stimulus. Look for EUR to tag 1.11500. The question is what will happen next? Price could bounce right back up in the descending channel and possibly break up past the channel and make another attempt at 1.15? or...
Here we go...Markets are not expecting a lot from the ECB fundamental front , rates will remain on hold with more focus on the hard macro data tomorrow. The only thing to 🔎today is for clues around duration of policy review. On the technical side , jurisdictions are defined clearly on both sides as EUR is comfortably holding the 1.108/9x support. The initial...
EURUSD has been in a strong bear channel, nearly 2 years straight. A lot of its due to the ECB monetary policy that has an extremely dovish tone, which puts downside pressure on the Euro. On a technical basis on the weekly chart we got a really strong reversal at the top of the channel at 1.117 and a recent broken low that was tested and held really well by the...
Today EURUSD formed double bottom pattern. The price can go to 1.11 in short term.
Markets pricing in dovish ECB due to poor economic data, so unless we see a real rate cut price should hold and get some relief rally towards 10 ema on daily chart likely around 1.11800-1.12000 I am looking for a spike down below 1.11 to place long entry, as the risk would minimize significantly if i can enter long at new lows of the year
We have a lot of EUR news due out tomorrow together with a speech from Mario Draghi, the President of the European Central Bank. His comments alone will move the market and we are hoping for an alignment with the PMI data due out later on in the morning. This will give us a great trading opportunity on the EUR throughout the rest of the week. We are planning a...
EURUSD We can see clearly that this minor support is holding and this zone is showing bullish implications. I'm seeing this zone more as a buying area and i will take long position after Draghi's speech tomorrow.