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EUR/USD recovered after the previous decline on today’s trading session as the Eurozone consumer prices grew, while the US jobless claims and factory orders posted worse-than-expected results. The inflation in Eurozone rose 2.6% in March. (Event A on the chart.) The currency pair was rising since the beginning of this week and economists think that traders …
EUR/USD fell after the report showed the strong growth of the US employment, yet now the currency pair attempts to regain ground. The ADP report not only increase optimism for the US economy, but also supported the positive outlook for the non-farm payrolls later this week. EUR/USD trades currently at about 1.4091 following …
EUR/USD rallied today at the beginning of the trading session, but later it slumped back to the opening price. The euro attempted to rise again after the negative reports from the US, but failed. The reports were disappointing after yesterday’s good data. The consumer confidence was expected to drop significantly, but it fell …
We have already found out that it can be quite dangerous to trade without stop-loss in Forex. We have also managed to define the most popular risk allowance per trade of an average Forex trader. Now it’s time to understand how the traders place their stop-loss …
From today on, daily Elliott Wave analysis videos will be published on EarnForex.com. The section was created to provide both the analytical material for your Forex trading guidance and the opportunity to learn proper Elliott Wave analysis techniques using the high-quality video records of a professional EW practitioner in action. The section along …
EUR/USD opened this week a way below the close of previous week and was gradually rising to the closing level of last Friday over this session. The euro may feel pressure as Portugal’s government collapsed after the Parliament refused to accept the austerity budget. The macroeconomic data from the US was positive today, especially …
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| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.3817 | 1.3935 | 1.4011 | 1.4129 | 1.4205 | 1.4323 | 1.4399 |
| GBP/USD | 1.5503 | 1.5755 | 1.5897 | 1.6149 | 1.6291 | 1.6543 | 1.6685 |
| USD/JPY | 80.08 | 80.40 | 80.86 | 81.18 | 81.64 | 81.96 | |
EUR/USD reversed its upward trend today as the European Union leaders cut the startup bailout fund and Portugal’s credit rating was downgraded by Standard & Poor’s yesterday. The US gross domestic product showed a solid economic growth, but the consumer sentiment posted a sharp drop. EUR/USD trades currently at 1.4113.…
EUR/USD reversed its two-day decline and advanced today as the two-day summit of the European Union leaders has begun today at Brussels. The summit is expected to provide some resolution to the debt problems of the European peripheral economies. The unexpected decline of the durable goods orders could’ve also helped the currency pair to advance, but the decreasing …
