European Central Bank (ECB) rate and Draghi’s press conference is a main event today for the currency markets and could overshadow US initial jobless claims, unless the number is remarkably strong or weak. Action in EUR/USD Rising Fed rate hike bets in May saw EUR/USD pair fall from the high of 1.1616 to 1.11 levels. When viewed on the weekly chart, we can...
Bulls Did their Job.. Long position is over at moment Short time Until Meeting of BCE & DRAGHI
Cypher pattern on daily tf. Filled long in Asian session respectiong the pattern. Looking to add more around the flat bottom of ichi cloud (traditional one last FU move before the squeeze) Target: Flat top, ~ 0.382 fib. retrace. Notice: Flat Top/Bottom Kumos The flat top or bottom that is often observed in the kumo is key to understanding one piece of the kumo's...
DPW is attempting to break the 26.68 Barrier, target 27.46 and 28.62. Can the ECB help the course
Failed to maintain support, Failed to break resistance (triple top)
See attached ideas below for more information
Price may test the upper trend line but long term target 1.05 region. Hawkish Fed VS Dovish ECB. Volatility ahead in June
Details on Chart. GL! SL 1236s. Bull Targets same as previously (see weekly chart below) Note: Risk of further pullback given below 29s/31s...
If you're not in this trade, you should look to join on a dip to 1.1408, or if we get a new high. Stops like the one on chart are more conservative, but you could also use a tighter stop, slightly below 1.1370. Target on chart is the one corresponding to a monthly time at mode uptrend signal, which I posted in my previous publication. The traders in my trading...
There may be trouble ahead... Grexit is hiding in the shadows behind Brexit, but former Greek FinMin believes Grexit in 2016 is more likely than last July . Greece has a colossal amount of ECB debt obligations to meet in July. Negotiations and general turbulence look set to hit its peak in the month before, just as the Brexit vote is taking place. But...
We can go long EURUSD at market price, and add if we get a dip to 1.1404, stops should be at least below 1.1348. Targets are continuation of the weekly Time at mode uptrend I had forecasted a long time ago. We have broken a key resistance level and plotting a weekly and monthly close above said level, so it's highly likely to see immediate continuation into the...
We have an interesting long setup in the EURTRY chart. Go long if we plot a new high, or on retracement to 3.2131, with stops (for either of the entries) under 3.1914. Target is initially a test of 3.3052 but we could march higher, and eventually break resistances and hit the higher targets on chart, but for now, it remains as a possibility that needs further...
ECB is in wait and see mode for now which means equity markets in Europe need to rise without further stimulus expected in the near term. If macro data will outperform the brake above 10500 points in GER30 is possible, even though weekly price action is bearish.
Short potential below 1.1280 targeting 1.1150.
The euro chart is very educational, most would deem it unreadable chop... I think it's clear sentiment is still very negative, and people want to sell the euro higher, no one finds a reason to go long, yet we're in an uptrend. This is good, if you're long, you're a contrarian for the most part, and when former bears start wanting to go long, they aren't finding a...
Looks good just ripe to fall any time soon. Enjoy!
I expect Euro & Chf to get stronger in coming days. And from R:R point of view this should be taken by experienced traders.
eur usd finally give us something to do ! it breack down from the high of the long term range the pair have been stuck in for a long long time , for the moment as china news latedly as been better than expected but the next day , week will be imo very interesting as we will see how much the usd the corellated to china news ! so either very good play pull back...