Market Update, EURUSD – GBPUSD

ForexBrokerInc

Master Trader
Feb 12, 2013
262
0
57
The Euro fell to as low as 1.0462 during last Friday’s trade versus the greenback but since then gradually recovered some 70+ points and currently trades at the exchange rate of 1.0538 amid the U.S. Dollar Index touch highs of 100.27 points.

As markets anticipate Wednesday’s FED interest rate decision and monetary policy statement, the current technical setup seems like a good opportunity to continue selling the pair toward 1.0350. Traders should bear in mind 1.0550 as a solid break could see the rate advancing to 1.0650 and later 1.09 (high of last week). In some 8 hours (18:45 GMT) traders will be looking for clues and information about the Eurozone and the single currency as ECB’s President Mario Draghi has planned speech.

Across the English Channel the British Pound fell below an important exchange level of 1.4800 versus the dollar. Only on a few occasions in the past 30 odd years this level gave up and reasons were due to world financial crashes. For that reasons the Sterling comes under a heavy pressure heading towards the Bank of England’s Wednesday fundamental news such as BoE Minutes and its vote on interest rates scheduled for Wednesday at 09:30 GMT. Traders should bear in mind that 1.4800 level as break above could see exchange advancing to 1.4950 short term. However, looking at the recent pace of sell offs in GBPUSD, the rate is more likely to test 1.4580 (a 161.8% extension from the range 1.4950 – 1.5550) where traders would look for other opportunities.

As we expect high volatility this week as the economic calendar is filled with important news releases, we strongly advise to always use protective measures.
 

Attachments

  • eurusd march 1603.jpg
    eurusd march 1603.jpg
    108.8 KB · Views: 9
  • gbpusd 16 03.jpg
    gbpusd 16 03.jpg
    170.2 KB · Views: 5

March

Banned
Mar 1, 2015
82
0
0
Thank you for such a useful information!

I think, the pair will continue a fall-trend in general, but I don't expect the line to break a supportive level 1.4620 this time, so I open a short at 1.4822 with a target 1.4630 and stop-loss at 1.4832

gbpusd-h4-riston-capital-ltd.png
 
Last edited:

March

Banned
Mar 1, 2015
82
0
0
As I expected, 1.4620 wasn't broken, today I'm going to open a sell at 1.4855 with target at 1.4735, stop-loss 1.4865

gbpusd-h4-riston-capital-ltd.png
 

March

Banned
Mar 1, 2015
82
0
0
My strategy for the 6th of April:
Open a sell at 1.4840 with a stop-loss at 1.4850. Quite a good time to close will be at 1.4715.

gbpusd-h4-riston-capital-ltd-2.png
 

March

Banned
Mar 1, 2015
82
0
0
It tries to break the resistant level of 1.4964. If it fails, I'll open a sell at 1.4940 with a target at 1.4830
gbpusd-h4-riston-capital-ltd.png
 

March

Banned
Mar 1, 2015
82
0
0
It continued to go further up, so it seems to be the right time to open a buy. My target will be 1.5280 for start. sl at 1.5230.

gbpusd-h4-riston-capital-ltd.png
 

March

Banned
Mar 1, 2015
82
0
0
There is still general up-trend in the chart, but I think a little bull-back will continue till 1.5360, so I'm opening a sell 1.5418 with stop-loss at 1.5430 and target at 1.5380.

gbpusd-h4-riston-capital-ltd.png
 

March

Banned
Mar 1, 2015
82
0
0
The EUR/USD pair seems to give great opportunities for bullish play. I'm going to open a buy at the 1.1160 with target at 1.1380 and stop-loss at 1.1150.

eurusd-h4-riston-capital-ltd-2.png
 

March

Banned
Mar 1, 2015
82
0
0
The market seems to start going side-ways. If it change the direction, I'll be back in the game, but now it's just a waste of time: too little odds for a reasonable forecast. Don't wont to lose my money.
gbpusd-h4-riston-capital-ltd.png
 

March

Banned
Mar 1, 2015
82
0
0
The EUR/USD has recently reached 1.0940 level and made the pivot. It must be a start of short-term pull-back, which I'm going to use. I'm opening a buy at 1.0940 with target at 1.1150 and SL at 1.0930.

eurusd-h4-riston-capital-ltd.png
 

March

Banned
Mar 1, 2015
82
0
0
The GBP/USD gives great opportunities to us today. I've already earned some pips during the sell deal, now I'm gonna do the same thing with buying. I'll open a buy at 1.5445 with target at 1.5635 and SL at 1.5435

gbpusd-h4-riston-capital-ltd.png
 

March

Banned
Mar 1, 2015
82
0
0
The GBP/USD's going down and I guess this is the perfect moment to play short. I'll open a sell at 1.5806, close the deal at 1.5505 and set a stop-loss at 1.5816

gbpusd-h4-riston-capital-ltd.png
 

March

Banned
Mar 1, 2015
82
0
0
My strategy at the EUR?USD market for today is to open a buy at 1.1270 with target at 1.1340 and SL at 1.1250.
eurusd-h4-riston-capital-ltd.png
 

March

Banned
Mar 1, 2015
82
0
0
The EUR/USD is always confusing, and I guess it won't go further up in the near futer, sticking to the floor.
eurusd-h4-riston-capital-ltd-2.png
 

March

Banned
Mar 1, 2015
82
0
0
The GBP/USD market will probably go down after reaching the level of 1.5920. So, I guess it's time to play long a little bit.

gbpusd-h4-riston-capital-ltd.png