We have now price bounced from the resistance line at 1.09860 where candles look like the bulls have much more strength.
Bounce has been realized with small bear candles which does not give to much confidence in the bear strength. That is why we should watch for the bullish price action signal.
Yesterday we wrote: the outlook for the US dollar remains positive after we spotted the start of the bull trend 2 weeks ago & made strong gains last week, exactly as predicted. We consolidated gains by trading sideways in overbought conditions and this situation is likely to continue at the...
On Thursday the 25th of January, trading on the euro closed down on a day of high volatility. Sharp price fluctuations were seen on the major currency pairs as a result of comments from Trump, Mnuchin, Draghi, and Jordan.
After hitting a new high in the European session, the euro entered a...
On Tuesday the 12th of December, trading on the euro/dollar pair closed down. The pair spent most of yesterday around the LB balance line (sma 55) at 1.1770. The rate then took a sharp dive after the publication of the producer price index in the US. The year on year value came out higher than...
Monetary Policy Statement (JPY) Effect in Pips
May 2014 (Today prediction)
BOJ Press Conference (JPY) Effect in Pips
May 2014 (Today...
It shows that EURUSD has broken an important resistant at 1.3700 and form a bullish candle after completing retest. A further bullish movement is expected targeted 1.3820. The area of 1.3820 has a very strong confluence; we need to observer price Action closely for further movement from this...