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Showing posts with the label eurusd

euro is still bullish and strengthing

From previous post , I have advised you to buy euro and hold as long as you can because we will be heading for atleast 1500 pips gain. Ofcourse you dont wanna lose that... Join my weekly forex newsletter to get weekly trading recommendations , updates and tips.

Buy Euro and hold

Hello everyone ,  Euro/Usd pulled back from 1.2250$ just 100 pips below multi year high and testing 1.1770$ area. This area is going to hold any break below and will definitely give support a bullish trend to build up to break above 1.2350$ area. Immediate strong resistance for the pair would be 1.1970$ followed by 1.2140$ Start buying large now and build up till 1.2140$ then hold for a bullish run till 1.3470$

euro will correct against dollar

Following the fed keeping rates at historical lows , the euro plummeted then reversed to a spike above 1.14$ handle and now trading at 1.1380$ . The pair has been trending higher from 1.08$ and is very bullish , however there is a sign of minor correction to 1.1340$ area followed by 1.1280$ which if broken , we might see 1.1190$ area. Follow for more forex signals to make consistent trading profits.

monday morning prices - 14 oct.2019

Indicative prices   Early monday prices before the official beginming of the first session in the coming week There is around 30 pips drop in #Gbpusd price EUR/USD 1.1036 USD/JPY 108.35 GBP/USD 1.2611 USD/CHF 0.9974 USD/CAD 1.3204 AUD/USD 0.6789 NZD/USD 0.6330 I dont recommend taking any positions in #Gbpusd this week. Follow up this week , we will have a very nice trade setup in #eurusd

Eurusd still bearish below 1.14$

Eur/usd made a daily high of 1.1410$ . Today's low at 1.1350$ area and the pair is currently trading at 1.1385$ area. The pair is currently testing 50% fibonnaci retracement level from the move(1.1410 to 1.1350$) .. A break above 1.14$ will resume a bullish movement. The pair is trending lower on the RSI indicator. My recommendation : selling the pair at current area 1.1385$ with stop loss on break of 1.14$ and your target should be around 1.1330$ area.

Eur/usd technical analysis

Eur/usd tumbled to 1.1340$ from 1.1470$ , that proves there is alot of pressure on the euro during the first week in the new year. Euro as I predicted before will continue the slide to 1.1120$ , and maybe 1.0960$ . Shorting the pair at current level 1.1340$ with stop loss on any 4h close above 1.1380$ . Your first target should be 1.1120$ , RSI is nearing the oversold levels. And the pair might hold for a while before resuming its slide.

Nordea Bank forecast for 2019

Here is the currencies forecast for 2019 from nordea bank :

Dollar rallies across the board

Euro fell 100 pips , so is sterling and gold tumbled 10$ to trade currently at 1234$ . brexit news are putting alot of pressure on all currencies against the dollar. Keep selling the euro , sell it anywhere between 1.13$ to 1.1320$ with target 1.1120$ There is a big chance we will have a second EU referendum on brexit.

German MAAS on brexit

German foreign minister Maas says on twitter: 1. we must do everything to avoid a hard brexit 2.leaving the European union means leaving the union , no Cherry picking . 3.draft brexit treaty is fair basis for orderly departure of britain from EU. Eur/Usd is currently trading at 1.1380$ area after finding support at 1.1330$ , Also Gbp/Usd rallied from 1.2478$ to 1.2670$ area on back of Theresa may victory last night, the pair is currently trading at 1.2660$ and has tough resistance at 1.2720$ However , Theresa may will not last long . Maybe we will not have brexit at all .

Merkel : No more negotiations on brexit

Merkel, said after meeting british prime minister , theresa may , that there will be no more negotiations regarding brexit deal. That priece of news was enough to send both euro and sterling down more than 50 pips each. Eur/usd fell from 1.1370$ area to 1.1320$ and Gbp/usd fell from 1.2615$ to 1.2550$ area. Both are now sitting on critical support area which I think may hold strong . Eur/usd has been trading in a range for more than 2 weeks now from 1.1320$ to 1.1420$ , so a rising trendline and low of the range will provide support for the euro recovery . if failed to hold , there will mounting pressure on euro which will send the pair to 1.1120$ . while on the upside , 1.1360$ will be first resistance area for any rally followed by 1.1420$ . 

Euro is targeting 1.1530$

Eur/usd is trying to break above 1.1425$ area , bound by the strong bearish trendline , a break and close above the trendline will clear the way for testing .11520$ area followed by 1.1670$ if cleared..on the downside , euro is strongly supported near 1.13$ mark. Euro is currently trading at 1.1425$ with low at 1.1389$ , high at 1.1445$ .  Make sure not use excess leverage and buy any dip for the pair to 1.1330$

Eur/Usd post NFP data

Euro is still trading in range between 1.1330$ and 1.1410$ areas, the pair rallied to 1.1410$ after Non farm payroll came less than forecast figures, unemployment data came flat. Euro still trading in range , sell the high and buy the low of the range and your stop loss should be 20 pips plus. however , Main direction for the euro is bullish and expected to visit 1.17$ in medium term.

Early monday forex prices

Eurusd will open on a gap at 1.1360$ , closed on friday at 1.1318$ Audusd will open at 0.7375$ , gbpusd at 1.2778$ All up against dollar on the weekend news between trade war cease between united states and china.

Euro will keep trending?

#eurusd will keep trending as long as it stays above 1.1410$ on the hourly chart..if broken , we will see 1.1340$ This is a short term trade , the pair is currently trading at 1.1430$ , target would be around 1.1530$ , with mediocre resistance at 1.1500$ A break below 1.1410$ will open the road easily towards 1.1345$ ..

Intraday setups - forex signals

Today , we have several setups crystal clear , here are : Buy usdcad 1.2973 with target 1.31 , sl close below 1.2950 Sell xauusd "gold" at 1230$ , target 1223$ , sl close above 1237$ Sell #gbpusd at 1.3204$ , target 1.3120$ , sl close above 1.3220$

EUR/USD rally 170 pips

A simple 5min chart showing a very strong trend supported the rally for the pair . From 1.1440 to 1.1610$ Trend broken Fibonnaci levels in work short the pair till 1.1505$

Euro heading again to 1.1565$?

Eur/usd crashed on friday from 1.1720$ to 1.1620$ , a 100 pips slide. The support at 1.1660$ did not hold and now last area of support is being tested which is 1.1610$ If broken , the pair will be extremely bearish and we will certainly visit 1.1440$ next week. The sentiment is now bearish and weekly close is terrible and will put alot of pressure on the Monday trading and a break of 1.16$ may fulfil true and then we will head to 1.1565$ again. I don't recommend going long now as the pair is never able to stay steady above 1.17$

EUR/USD is probably falling again

The pair is currently trading at 1.1575$ , daily high during asian session was 1.1607$ . The pair currently has strong resistance at 1.1685$ , you can short the pair now with stoploss on the event of an hourly candle close above the resistance. The next support for the pair is 1.1525$ , it might get broken as well. Follow me for updates on this trade and more.

Eurusd rally is not over

Eurusd is trading currently at 1.1635$ , up almost 50 pips from last night close. As recommended earlier last friday , long the euro to 1.20$ , however I will be advising short term trades as well , all of them will be on the buy side ofcourse , because you can not against the flow. Keep following for updates. The low on the day is 1.1578$ , high is 1.1645$ , the pair is currently testing a bearish trendline and it has to be broken before the euro continues its rally towards 1.20$ Next strong resistance is 1.1740$ which acted as 4 tops , and we have strong support at 1.1540$ .... Maybe we will trade the 200 pips for one more round but i really doubt it . I expect tge break of 1.1740$ next time it is gonna be tested.