Fundamentals are fairly important in financial markets. Its why I spend so much time on them. This is how I came to the ultimate conclusion that the trend of EURUSD is down mainly because Brexit, updates of which you can find here: anthonylaurence.wordpress.com While economic data out of the Eurozone was somewhat favorable at the start of the week with the IFO...
The fundamentals of the Eurozone remain weak. The politics are toxic. Technically, RSI has a long way to go before oversold. Moving averages all trend down. I imagine we could reach 1.115 before a reversal to the upside. For more analysis, check out www.anthonylaurence.wordpress.com
I've talked extensively on how a no deal Brexit is more likely here: This is primarily my reasoning behind why I'm neutral to short on EURUSD in the medium- to long-term (1 to 3 months). There's plenty of other good reasons to be short EURUSD including continued weak data releases from the Eurozone, possible continuation of a recession in Italy, and potential...
The euro was one of the worst performers last Friday and continues to head into negative territory. At the weekly view, we can see that the pair is in a long bear trend while moving averages suggest this to be the case as well. Brexit only worsens this as key votes will occur today and tomorrow on whether or not the UK will be able to strike a deal with the common...
But just because the UK is fickle on leaving the EU for the WTO, its still not sure if ready to make the jump. EURUSD in the upcoming week will almost entirely be moved by Brexit, however concerns over a slowdown in European growth may be justified with more weak EU data, particularly in central bank speak on Tuesday, German CPI on Thursday, and unemployment...
The headline kind of describes this trade. Not much else to say technically beyond this. Fundamentally, I'll keep it short. EU growth is quickly declining. I think Brexit will speed this up which is fast approaching. If you want some more words and charts on Brexit, you can check out my analysis here: anthonylaurence.wordpress.com
Brexit and fundamental data are the most important components of EURUSD, but these long-term trend lines are probably impacting as well. Economic sentiment that came out on Tuesday was quite lackluster, pretty much like the overall EU economy. No more event risk this week other than Brexit. I wouldn't be surprised if the downtrend is extended, but my bias to...
WAITING FOR A BREAK OF TRENDLINE, HEADED TO FILL APRIL 2017 GAP
Hi guys, it's been a while since i last posted an idea. I wanted to share with you this simple setup i'm looking at right now. I've already entered short in this pair, for a bunch of reasons. First of all, we have daily structure looking left (that is always key), then you can see a big bat pattern completed from some hours, but also a double top with RSI...
Short at 1,14337 ;) only if trend line is respected
EURUSD is trading within daily resistance zone and has shown its hand of being bearish. This is a very tight stop loss trade, should be a great R/R if it plays out
The EURO is showing weakness against the USD. Actually it is heading to the sloping neckline of the underlying S-H-S formation. As the RSI is already deep a little consolidation is possible before the next drop could break the neckline. This could lead the EURO to prices around 1.08 USD. EURO in the longer run is still in the declining parallel channel, which it...
EURUSD has been on the rise for the past 3 days. Base on the chart, we are seeing that the price has probably ended its retracement, at least the first wave. An interesting pattern that has been occurring for the past few weeks is that the dollar always takes a turn on the last trading day. So with this structure, I'm betting that EURUSD will come down today.
Hi, After a successful EURUSD analyse ,again it's time for short Euro,As you see we reach our resistance and saw first signs of weakness here.Maybe we go little higher before next drop ,but we will reach my short target in,soon. First target is 1.163 Second Target is 1.159 Don't forget stop loss Good Luck
Ok Traders, EUR/USD is primed to go lower in my opinion. After A small Rally this last week to give back some gains by the dollar, the EURO is showing weakness yet again ahead of ECB Dovish comments to end QE. Despite that Being EURO Positive , the comments raised by the ECB will fool the market into thinking that Inflation is not coming soon and that Interest...
The EURO has rosen up to 1,24 USD. But still it had been in the peak of the triangle. The upper line coming from was formed by the lows in 2010 (june) and 2012 (july), the lower line is an ascending trend line; the beginning of this trend in 2017 (march). A third line crossed the peak - a swing trend line at 1.23$. The fight between bulls and bears around this...