Posts Tagged ‘EUR/USD’

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 23rd session. EUR/USD — As this broken uptrend line is offering resistance, the euro pulled back on Thursday session. The euro could look for the 1.17 level as the next support. With the possibility of stimulus in the US, the euro could rally again. GBP/USD — The Brexit headlines are causing confusion in the market at the moment. The 1.30 level is supportive. So, […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 22nd session. EUR/USD — The euro rallied on Wednesday session to reach above the broken uptrend line. The market needs to overcome resistance at 1.1850. The possibility of the stimulus in the US is driving the euro higher. In the meantime, the market could likely consolidate for the next 2 weeks. GBP/USD — The pound also rallied clearing the 1.31 level. To the downside, the 1.30 level looks […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 21st session. EUR/USD — The euro rallied on Tuesday session to reach the broken uptrend line and also the 1.1850 level, which is seen as the beginning of the supply zone. However, the market is expecting headlines on stimulus in the US. A positive headline will cause the euro to rally to the upside. So, fading rallies will work at the moment. GBP/USD — The 1.30 level […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 20th session. EUR/USD — The euro rallied a bit on Monday session, but the broken uptrend line came in the way of resistance. So, it looks like rallies will likely roll over, and you can sell them on signs of exhaustion. The coronavirus situation in the EU is not going to help the euro at the moment. However, a possibility of a stimulus in the short-term looks […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 19th session. EUR/USD — The trading session was initially bullish on Friday, but then the market turned around to form an inverted hammer candlestick, as you can see on the daily chart. The euro can go all the way down towards 1.15. Further to the downside, the 200-day EMA will come into play. A breakdown below the 200-day EMA will […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GB\P/USD for the October 16th session. EUR/USD — The trading session was initially bullish on Thursday session to slice through the 50-day EMA to reach towards the 1.17 level. However, rallies are likely to be faded, and the next level to the downside is 1.16. This broken uptrend line should act like resistance now. In the meantime, this market looks likely to consolidate […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GB\P/USD for the October 15th session. EUR/USD — The euro initially tried to rally on Wednesday section, but give back the gains. The broken uptrend line is now offering resistance. Hence, rallies that show signs of exhaustion are selling opportunities at the moment. To the downside, the 1.17 level is supportive. However, it looks like this level give away eventually. […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GB\P/USD for the October 14th session. EURUSD — the trading session was very bearish on today, as the market found resistance at the 50-day EMA. However, it found support at the later part of the session. This broken uptrend line is acting as resistance now. A break below the 1.17 level is very bearish and the 1.15 level is the next target to the downside. So, rallies […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 13th session. EUR/USD — The euro gapped lower initially and then stalled at the resistance offered by this broken uptrend line. The 1.1850 level is seen as the beginning of the supply zone. This broken uptrend line could be tested for resistance and the market looks likely to pullback. The 1.17 level is supportive to the downside. This market looks bearish at the moment […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GB\P/USD for the October 12th session. EUR/USD — As you can see on the daily chart, the euro rallied on Friday session, reaching towards this supply zone. Again, this is due to the stimulus in the US. You have deflationary numbers coming out of the US. Look for pullbacks at lower levels, as the market is trading just below this supply zone at the moment. GBP/USD […]