Posts Tagged ‘EUR/USD’

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 10th session. EUR/USD — The market has turned around to the downside from the 1.1350 level, which has offered strong resistance. To the downside, the 1.12 level is supportive. Further to the downside, the next support comes at 1.10. In the meantime, you can expect this market to be choppy. GBP/USD — The pound has formed a bearish candlestick on Thursday session. […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 9th session. EUR/USD — The trading session was strongly bullish on Wednesday, but the market struggles to overcome resistance at the 1.1350 level. The 1.14 level is seen as the beginning of a strong supply zone. However, the market lacks clarity at the moment. So, fading short-term rallies that show signs of exhaustion is the only way to play this market at the moment. […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 8th session. EUR/USD — The euro struggled on Tuesday session, as the 1.1350 level proves to be strong resistance at the moment. So, you can expect the market to pull back towards these lows again. So, it looks likely that the market could remain in consolidation in this general vicinity. To the downside, the 1.1175 level could be the next target. […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 7th session. EUR/USD — The euro rallied very strongly on Monday session. However, the 1.13 level is proving to be strong resistance at the moment. To the downside, the 1.12 level is strongly supportive. The 1.14 level is seen as the beginning of the supply zone. Hence, you can expect this market to be in consolidation for a while in this general vicinity. Selling […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 6th session. EUR/USD — The Friday session saw little volatility as it was a holiday in the US. The euro is hovering around the 1.1250 level at the moment. Also, you have three shooting star candlesticks in a row, as you can see on the weekly chart. A breakdown below the 1.12 level is very bearish and the 1.10 level is calling to the downside. […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 3rd session. EUR/USD — The euro has continued to show signs of volatility on Thursday session as well. However, the market could likely remain in consolidation between the 1.12 and the 1.13 level. As you can see on the daily chart, you can make an argument for a bullish flag pattern. However, the market looks bearish. So, you can fade rallies, and sell […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 2nd session. EUR/USD — The euro looks very confused and resilient at the moment. The Wednesday session was very volatile. The market has been making lower highs. You can make an argument for a bullish flag pattern. Also, it looks like a descending triangle. The jobs number to be released from the US will create more volatility. In the meantime, […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 1st session. EUR/USD — The Tuesday session formed a long legged doji candlestick. It looks like the market is indecisive at the moment. To the downside, the 1.10 level is calling. Rallies are to be faded and you can sell them on signs of exhaustion. The 1.15 level is a short-term ceiling in this market. Both the Fed and the ECB are depreciating […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 30th session. EUR/USD — The euro initially rallied on Monday session, but fell later to give back quite a bit of gains forming a bearish candle indicating signs of weakness. Hence, you can fade rallies at the moment, and sell them. To the downside, the 1.10 level is calling. As you can see on the daily chart, you can make an argument […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the June 25th session. EUR/USD — The euro is hovering around the 1.1250 level. It looks like the market is heading for the 1.1150 level. To the upside, the 1.13 level can cause strong resistance. Above the 1.15 level, is seen as the trend change. GBP/USD — The pound is trading just above the 1.24 level. To the downside, the 1.20 level is […]