SELL THE EURO. COVID WILL CONTINUE TO RAVAGE THERE AS ALL THE BUDGET AIRLINES ATTEMPT TO KEEP PEOPLE TRAVELLING TO NOT GO BANKRUPT WE WILL HAVE MADNESS IN EUROPE. IT WILL NOT STOP. DIFFERENT COUNTRIES AND JURISDICTION CAUGHT UP WITH A LONG INCAPABLE WEB OF LAWS TAKING TIME TO PASS AND CHANGING, NOT PASSING - WITH VACCINES AND CIRCULATING TALKS OF PASSPORTS...
the pair is completing a complex corrective cycle labeled as W,X,Y, which in my opinion can be already done and we will start looking to short the pair from current levels. however because of the US Elections today im assuming there might be a more Complex scenario that can push the euro higher to an extended wave (X) before falling down. thats why i will be...
The EURUSD gor rejected from 100% fibonacci level near 1.1880. at the moment the pair retraced to trade near 61.8% critical level if broken and we witnessed a 4hrs candle close below 1.1820 we might see further momentum for the downside. potential finishing a W,X,Y wave might take euro dollar to new lows belo 1.1600 level. lets not forget the bearish monthly...
Fundamentals:- The trade war between the US and China will put pressure on the EURO as it imports a lot of goods from China. The GBP has been hit hard with Mark CArneys comments after the rate rise but a good average earnings figure and y/y CPI next week could change the path. Technicals:- I am looking for a pull back on the recent sell off to the psychological...
Hello Traders, Whenever there is synchrony, chances of making money is often high. At the moment, we are seeing this synchrony. There is a confluence of technical formations in different time frames and that is why I think selling the Euro can be a good strategy. This is why I think this is right. First, as we are taking a top-down approach with the weekly chart...
Last week was bearish and I shall wait for short signals in this time frames before shorting. Potential sells lies within 1.58 and 1.585 with stops above 1.59. Remember, the weekly chart is very bearish complete with a sell signal and a bearish divergence pattern. Read more here: forex.today
3rd rejection and price fail to close beyond resistance at 1.0500.. 1. Shooting star dail close expected 2. Mothnly pivot point rejection 3. fail to close beyond resistance level at 1.0500 4. 3rd lower high Now price is heading to the mothnly S1 for this month
Fundamental Opportunity The ECB press conference disappointed when Mario Draghi failed to mention any form of tapering which the market was looking to hear. Instead a reiteration of the continuation of QE to March 2017 and beyond if necessary. This dissapointment caused the Euro to sell off and we expect it to remain under pressure on the lead upto the Feds Rate...
Fundamentals: - The QE program in the Euro zone is still well under way and the latest Non Farm Payroll figures squash Janet Yellens speech last week which I expect to bring the Euro back down to major support levels. The recent rally in the Euro has mainly been caused by the weaker USD which now seems to be back on the strong side. I will be looking to sell again...
Fundamentals: - As expected the additional QE fell short of what the market would have liked to have seen and caused a substantial rally after the initial announcement. We think this rally is unjustified under the current monetary policy divergence between the Euro and the USD and still expect to see parity by the end of 2016. We will be looking for a return to...
We still have a weak Euro despite the recent rally. With the better than expected employment figures coming from Australia we now have a technical signal developing on the chart. The Daily engulfing candle and now what looks to be a pull back on that candle should find previous support as resistance and continue to the downside. I would like to see rejection and...