The ECB cut interest rates yesterday. This has resulted in large swings but no clear direction in the EURUSD. US jobs data is due today. This is one of the most important news for the USD and will determine the next move in all instruments. The news will be published at 15:30 Bulgarian time. Misleading moves are possible in both directions, so jump into...
Yesterday EURUSD drop down below 1,0900 again. Important USD news as well as interest rates from the ECB are due by the end of the week. This will lead to a significant fluctuations and new opportunities. The first news for USD is today at 17 pm BG time. No trade grounds at current levels. Do not rush to jump into trades without reason and good ratio.
Yesterday EURUSD broke an important resistance at 1,0900. This way the upside move on H4 continues. There will be sell opportunities after correction. At current levels, there is no basis for new trades. If you're looking to enter today, check out EURJPY and EURAUD!
On Friday EURUSD rose toward 1,0880 and bounced. These levels are key resistance and there is no buy grounds while the price is below. Keep an eye on for another drop and test of the previous lows. This week we have important news coming up for EUR on Thursday and USD on Friday.
Yesterday EURUSD rose to 1,0850 and bounced. It's important to watch over today if it will continue climbing. Upon another attempt to rise, but has no strength and pushes back, a fall will follow. So watch levels above 1.0850 for possible selling. There is no reason to buy at current levels!
Yesterday EURUSD met the expectations and fell below 1,0800. Do not look for new trades at current levels but lower the risk and take profits. This means to move the SL and partially close the sell trades. A key support level to keep an eye on remains 1,0782. Today at 15:30 the US GDP data will be released!
Yesterday, EURUSD bounced off the levels below 1,0900 and made a lower top. This led to sell opportunities, as we told you yesterday. USD news coming today at 15:30 BG time which will have an impact. Watch for continuation of decline towards 1.0782. The idea is spoiled by going over the previous peak!
EURUSD keeps its direction and we expect to see another peak. On Friday we saw a correction and higher low. The next support levels: 1,0899 1,0927 1,0948 Lower the risk if the price hits these levels. The upside move goes awry upon a drop below the previous low.
Yesterday EURUSD kept the sideways movement. Tomorrow is the FED decision on interest rates and that will determine the next move. There is no reason to enter at current levels. We watch for misleading moves and a higher bottom. All pre-news trades should be low risk!
Yesterday EURUSD reached the first resistance and pulled back. The US inflation data is due today. This is one of the most important news and will cause a great impact. Mind your open trades. We're looking for another drop towards 1,0800 and pullback.
Yesterday EURUSD climbed again and passed over the area from the news. Important USD news is coming tomorrow along with greater fluctuations. Don’t rush with new entries and make sure to lower the risk on existing ones. The goal remains a breakout of the previous peak and heading towards 1,1000.
On Friday, we saw a pullback from levels around 1.0800 following the US jobs news. There is again important news this week and we expect big swings again. On Wednesday are the US inflation data and on Thursday the interest rates from the ECB! We are watching for a continuation of the rise and a break of the previous peak. The next resistances are at 1.0884,...
Important news ahead. The US job data will be released today. Reduce the risk on all open positions. Yesterday EURUSD went above previous top and bounced back. If we see a reaction from the levels around 1.0800 today we will watch for buying opportunities. New trades after the news.
Yesterday we saw another rise after the news. We expect the uptrend to continue and head towards 1,1000 and 1,1130. Look for new trades after correction. The idea spoils on a drop below 1.0723!
The levels below 1,0800 are key support. Yesterday we saw a rise but there is still chance for another test of the previous low. We expect the movement to start by the end of the week and we get into new trades. The goal is another test of the previous bottom and pullback. This would bring buy opportunities with good risk to reward ratio.
Yesterday we saw another decline here. Today we are watching for another push and test of the previous low slightly below 1,0700. Important USD news is coming by the end of the week. The first news is tomorrow, and on Friday we will see the jobs data! This will determine the next movement and give us new entry opportunities.
So far we have seen a quiet week with no major fluctuations and expect it to continue. EURUSD bounced off the first resistance at 1.0855 and headed towards the previous low. There are no grounds for new entries at current levels! We remind you that most of the markets will be closed on Friday!
Yesterday EURUSD bounced back from the 1.0855 resistance. The week is developing according to expectations and we are seeing weak movements. Today we will watch for another decline and a test of 1.0800. We remind you that most of the markets will be closed on Friday! That's why all positions have reduced risk!