Posts Tagged ‘EUR/USD’

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EUR/USD and GBP/USD Forecast — November 6th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 6th session. EUR/USD — The euro rose towards the 1.1850 level on Thursday session, which is offering strong resistance at the moment. You have jobs number to be released soon. The investors are waiting for the results of the US Presidential elections. In the meantime, the investors would be focusing on buying US Treasuries. So, rallies that show signs of exhaustion […]

EUR/USD and GBP/USD Forecast — November 5th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 5th session. EUR/USD — The trading session was very volatile on Wednesday. This was due to the outcome of the US Presidential elections. The euro has been hovering around the 50-day EMA. To the upside, the1.18 level has been offering resistance. To the downside, the 1.16 level is supportive. The possibility of a stimulus looks less likely at the moment. Also, the ECB is […]

EUR/USD and GBP/USD Forecast — November 4th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 4th session. EUR/USD — The euro rose initially towards the 50-day EMA and then pulled back. The investors are expecting the results of the US Presidential election. This is the reason for the sell-off of the US dollar. Also, pay attention to the headlines on the stimulus in the US. The ECB is expected to intervene to protect the economy in Europe. A breakdown below the 1.16 level is bearish […]

EUR/USD and GBP/USD Forecast — November 2nd 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 2nd session. EUR/USD — The trading session was initially bullish, but then the market rolled over. The next support could be located at 1.15. There is a confluence of support at the 200-day EMA and at the 38.2% Fib retracement level. Pay attention to the headlines on stimulus in the US. The economic situation in the EU is not looking so positive, which could […]

EUR/USD and GBP/USD Forecast — October 30th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 30th session. EUR/USD — The trading session was very bearish on Thursday, as the ECB looks likely to soften the tone on monetary policy in November. This could weaken the euro, but not a major meltdown. The broken uptrend line could likely cap rallies. Hence, rallies towards the 50-day EMA are likely to be faded, and you can sell […]

EUR/USD and GBP/USD Forecast — October 29th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 29th session. EUR/USD — The euro fell strongly on Wednesday session as the broken uptrend line offered strong resistance. However, the 1.17 level offered support. Short-term rallies towards the 1.18 level are likely to be faded and you can sell them on signs of exhaustion. To the downside, the 200-day EMA will come into play. GBP/USD — However, […]

EUR/USD and GBP/USD Forecast — October 28th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 28th session. EUR/USD — The euro saw a sideways price action on Tuesday session. The broken uptrend line is now acting as resistance. The next target to the downside could be the 1.17 level. The 1.18 level is seen as the beginning of the supply zone. Hence, rallies that show signs of exhaustion are selling opportunities. GBP/USD — The pound looks […]

EUR/USD and GBP/USD Forecast — October 27th 2020

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the October 27th session. EUR/USD — This broken uptrend line is offering resistance and the 1.18 level is being tested for support. A breakdown below this level is bearish and the next support could come at 1.17. Hence, you should fade short-term rallies. It looks less likely that the euro will rally according to technical analysis […]

EUR/USD and GBP/USD Forecast — October 23rd 2020

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, […]

EUR/USD and GBP/USD Forecast — October 22nd 2020

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 […]

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