Posts Tagged ‘EUR/USD’

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the December 10th session. EUR/USD — The trading session was initially bullish on Monday and the market gave back some of its gains. You can perceive it as weakness at higher levels and you should sell such failed rallies. This market has been trading inside this large downtrend, as evident from this downward sloping channel. The 1.12 […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the December 6th session. EUR/USD — The trading session was slightly bullish for the euro. The jobs numbers to be released from the US will have significant impact on this market. The market has been range bound within the 1.10 and the 1.12 level within this large downtrend, as evident from this descending price channel. To the upside, the 200-day EMA will […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the December 3rd session. EUR/USD — The pair has been choppy in the recent days, while trading within this large downtrend. However, the ISM Manufacturing PMI data released caused this pair to rally a bit. The 1.11 level is seen as the beginning of the supply zone extending up to 1.12 level. The pair has been trading inside this downward […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the December 2nd session. EUR/USD —The market was going sideways and choppy on Friday session. The 1.10 level looks pivotal at the moment for this pair. A break below the recent lows is very bearish for the euro and the next target to the downside is the 1.09 level. To the upside, the 1.11 level is seen as the beginning of the supply zone. So, rallies that show signs of exhaustion […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 29th session. EUR/USD — The market did not see much in the way of price action as it was the Thanksgiving Day in the US. So, it was a low volume session. You can make an argument for a double bottom pattern. The 1.11 level is the beginning of the resistance barrier. A break above this level is significant for the buyers. The market has […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 27th session. EUR/USD — The trading session was slightly bullish on Monday session. The 1.10 level is seen as a pivot at the moment. The market could likely remain in consolidation between the 1.10 level and the 1.11 level. The market has been trading inside this descending price channel. So, you can look for rallies that show signs of exhaustion […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 26th session. EUR/USD — Initially, the session was bullish, but then the market fell back to give back the gains. To the upside, the 50-day EMA could offer resistance. To the downside, the 1.10 level will offer support. Rallies that show signs of exhaustion are to be sold. The 1.11 level above is the beginning of a resistance barrier. GBP/USD — […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 25th session. EUR/USD — Initially, the trading session was bullish, but then the market rolled over to show signs of exhaustion. At the moment, the 1.10 level looks as support. Any break below this level, then the next target to the downside is the 1.09 level. To the upside, the 1.11 level is seen as strong resistance. As you can see, the market […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 22nd session. EUR/USD — Both the euro and the pound are moving in tandem at the moment. The 1.11 level is seen as strong resistance. Also, the 200-day EMA above looks as strong resistance. There is nothing in this chart to suggest buying euro at the moment, as the market has been trading inside this large downtrend. So, it is time […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 21st session. EUR/USD — The 50-day EMA looks supportive. However, the market has been trading inside this large descending price channel. The market is trading between the 1.10 and the 1.12 level. So, look for signs of weakness to fade rallies, and sell them. The ECB does not look like favoring the euro at the moment. There is nothing […]