iterating towards truth
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…
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…
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…
EURUSD went almost cleanly through 3250 so no fade trade from there for me. Right now we are in a neutral territory. I see this situation as a opportunity to fade the markets between 3250’s – 3150’s. Taking it from a short term perspective, I am e…
From M1 stand point of view I haven’t found any valuable plays in recent market action, especially in EURUSD. Yesterday I wanted to go long in USDCAD with approx. 5R target, but I have cancelled the position. The reason was simple: it didn’t do ju…
Not much of a change on the EURUSD front from the last week (trading plan is still valid). EURUSD is still holding above the entry which I have mentioned previously (3290).The longer we stay above this level, the stronger support is created. To pu…
EURUSD is approaching a critical level where more biases would be found. 3300 – 3290’s is next critical inflection point. As I have stated previously my bias is bullish as long as we are closing above 3250’s. This time I would like to trade this 3…
In my humble opinion we are going to see even more downside in the very short-term future from EURUSD. 3400 is key! If that level holds-ish (+-30pips) we are going to see new highs. If not I would expect a retest of 3250’s. Below that I am a BEAR …
EURUSD is moving in a nice channel and buyers were found right at the inflection point of supply zone and ascending trendline. The rest is self explanatory.Risk wisely and trade well ;-)lechiffre
With EURO creating higher highs across all pairs I am expecting some kind of broader retracement. With break out of 3400’s the EURO has moved in a 170p. swings followed by minor retracements of 50 – 70pips. If we make an average out of that, it co…