Posts Tagged ‘EUR/USD’

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 198th session. EUR/USD — The pair made a strong move to the upside on Thursday session. This was due to the headlines related to Iran trying to deal with Washington for lifting of sanctions. This caused algorithms and EAs to trigger buy positions. The market is in a range bound condition between the 1.12 and the 1.13 levels, with a slight bullish bias. To the upside, the market […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 18th session. EUR/USD — The euro initially fell down, but the found support at 1.12, and bounced off this level. This market is range bound between the 1.12 and the 1.13 levels. So, you could see short-term back and forth movements within in this range. This will be the scenario as both the ECB and the Fed are trying […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 17th session. EUR/USD — The Tuesday session saw the market to fall strongly towards this supportive area marked on the chart. This market is range bound and moving sideways between 1.12 and 1.13. A breakdown below the 61.8% Fib retracement level is bearish and the market will try to locate support below at 1.11. GBP/USD — This market […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 16th session. EUR/USD — Initially, the market rose up, but then fell back to give back the gains to form a shooting star candlestick on the daily chart. This market looks range bound with 1.13 as top and 1.12 as bottom. Both the Fed and the ECB are maintaining a soft tone on monetary policy, this pair could simply be […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 12th session. EUR/USD — Initially, the market rose on Thursday session, but then fell back to form a shooting star candlestick on the daily chart,. To the upside, the 1.1350 level is the target. To the downside, the 1.11 is the target. A rate cut by the Federal Reserve looks likely at the moment. It looks like the market is attempting to form a rounded bottom pattern. […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 11th session. EUR/USD — The Humphrey-Hawkins testimony by Jerome Powell, the Fed President has caused this pair to rise up. However, the market could face resistance at the 50-day EMA and this cluster above here. Pullbacks are seen as buying opportunities. The Fed looks dovish at the moment. So, the break of the top this hammer candlestick is seen as a bullish […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 10th session. EUR/USD — Initially, the market fell, but then turned around to form a hammer candlestick, as you can see on the daily chart. The investors are waiting to hear the testimony of Jerome Powell, the Fed President in front of the US Congress. The market is just above the 61.8% Fibonacci retracement. It looks like the market is trying to form […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 9th session. EUR/USD — The Monday session was slightly bearish for this pair. The 61.8% Fib retracement level is just below and it could offer support,. So, any bounce off the 1.12 level is seen as a signal to buy. Any dovish stance from Jerome Powell, the Fed Chair, is reason enough for this pair […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 8th session. EUR/USD — As the jobs number came out from the US, it caused the greenback to strengthen, and as a result, this pair fell strongly. At the moment, the rate cut by the Fed looks likely. If that is the case, then this pair will rally. The alternate scenario is that a break below 1.12 is seen as bearish and the next […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 5th session. EUR/USD — The market has been finding support at the 50-day EMA and the 61.8% Fibonacci retracement level. So, pullbacks are seen as buying opportunities. This looks like a rounded bottom pattern on the daily chart. The investors are waiting for the jobs numbers from the US, which could have a significant impact on the market. To the downside, the 1.12 level […]