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Trading ideas, Uncategorized

Week ahead – EURUSD

At the moment EURUSD is in a neutral territory and as long as it stays above 2880’s I do not consider the long term trend bearish. Although we have broken the descending trendline from 3707 highs we are still far away from saying that EURUSD is in…

Trading ideas, Uncategorized

Week ahead – EURUSD

EURUSD is slowly channeling down and with latest positive NFP records it looks like we might see a retest of a longer term support at 2870’s. This area is a 50% retracement of 3709 high and 2037 low. Below 2970’s I am a short term bear towards 287…

Trading ideas, Uncategorized

Week ahead – EURUSD

Last week I was expecting milder movements and I was wrong. At the moment I am in a neutral mood (i am neither bull or bear). I would not be surprised by the move even lower to 2870’s. Bearish actions are still stronger then pressure coming from b…