Yesterday EURUSD started correction after the sharp drop. The correction has reached 38,2 but still no reaction from the level and no entry grounds as well. The next level we’re watching is 1,0760 (61,8 Fibo). On a rise to this level and a pullback we’ll be looking for sell opportunities. The first support level is 1,0700. The sell idea is break if the price...
Yesterday we saw the USD rise after the inflation data was released. We’re looking at continuation after correction. Now it is important trade with lower risk. EURUSD broke the previous bottom and confirmed the downtrend. The next target after a correction is 1.0660. In the zone 1.0660-1.0630 we will watch for the exhaustion of the downtrend and a possible reversal!
US inflation data will be released today! The news is at 15:30 Bulgarian time. This is one of the most important news for the market right now and will have a big impact. Before important news, it is advisable to reduce the risk on all positions and wait for the development. The EURUSD downtrend remains more likely to continue. On the downside, we watch for a...
We continue to look at the EURUSD sell option. It is currently at 38.2 Fibonacci of the last decline and we are watching for another rise. A reach to 1.0830 would allow for a sell entry opportunity. The goal is a breakout of the previous bottom. The downtrend is broken on a break above 1.0900! Important USD news coming tomorrow!
Yesterday EURUSD pulled back right from the resistance at 1,0790. The downside move had no strength and we are currently at levels close to the resistance. There are no sell grounds at these levels. It’s important to see another climb and head towards the next key level before we see another drop. That’s why we are waiting to see what’s going to happen.
Yesterday we discussed the sell opportunities at EURUSD. An important resistance level is 1,0790. It is 38,2 Fibo of the last drop as well as previous support level. We’re looking for an entry. The goal is still breakout of the previous low and heading towards 1,0660. The sell idea breaks if the price go above 1,0900.
Yesterday EURUSD tested again the levels around 1,0722 and pulled back. It’s now heading towards the resistance and we’re watching for a reaction. This will allow sells targeting 1,0660. If the price reaches the previous low again you should lower the risk of all sells.
Last week NFP data caused a significant impact and brought the currency pair back below 1,0800. There is no major dollar news this week and we will be watching technical grounds for an entry. Upon a correction to 38.2 on the momentum drop and pullback we will be looking to sell. The target is a test and break of the previous daily low of 1.0722. The downtrend...
Yesterday, EURUSD made another attempt to decline, but followed with a momentum rally and a close above the levels from the news. In recent days, we have been watching for the exhaustion of the downward movement and the start of an upward trend. On confirmation, the target will be 1.1100. US jobs data will be released today at 3:30 PM!
The Fed kept interest rates unchanged yesterday. There were big misleading moves even before the news. Right now, we are more likely to see a break of 1.0800 and a move towards 1.0740. The downtrend is broken when it crosses above 1.0887. Tomorrow is the first Friday of the month and the US jobs data will be released.
USD interest rates will be announced today. The news is at 21:00 Bulgarian time, and the press conference 30 minutes later. Large swings and stop hunting are possible. For several days EURUSD has been moving sideways and seems to be waiting for this very news. We will be looking for a breakout and good reasons to enter after the news!
Tomorrow FED will announce the interest rates. This is the most important news for the market and we expect huge fluctuations. Yesterday EURUSD passed below 1,0800 and pulled back again. Extra fluctuations and stop hunting are possible. All trades before the news are risky. We’re keeping eye on GBPUSD.
Interest rates will be announced by the FED this week. This is the most important news and we expect huge impact and fluctuations. EURUSD continues holding at levels above 1,0800 and seems to wait for the news . These are important support levels and upon pullback there will be good buy opportunities. All trades before the news are way too risky and should be...
Yesterday, after the ECB’s interest rates EURUSD tested 1,0820 again. The next week FED will announce its decision on interest rates and it’s seems that the instruments are waiting for the news. Currently, there are no grounds for trades and we are not going to look for entries before the development of the situation. Upon a breakout below the previous low...
ECB interest rates will be published today! The news is at 15:15 Bulgarian time, and the press conference 30 minutes later. The Fed will also announce interest rates next week. Yesterday we saw a break above the previous high and at this point selling opportunities are falling away. Before important news there are often misleading movements and it is advisable...
Yesterday, EURUSD broke the previous bottom and reached the first target - 1.0820. All sales already made must be reduced risk. New trade opportunities will be available after pushing back from the resistance. The target is a new test of 1.0820, and on a break, heading towards 1.0740! The sell idea is broken on a break above 1.0916.
Yesterday we didn’t see big fluctuations so our expectations remain unchanged. We saw a pullback from 1,0900 but still the downside move has no strength. The big news will be announced on Thursday, when we expect more volatility. Current levels are not suitable for new trades!
Important EURUSD news coming up this week. By the end of the week, the ECB will announce interest rates and we will see the GDP data for the last quarter in the US. Technically, EURUSD retested the resistance area above 1.0900. On a pullback, we will watch for another decline and a break of the previous low. The support levels we are watching are 1.0820 and 1.0740!