Posts Tagged ‘EUR/USD’

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EUR/USD and GBP/USD Forecast — February 16th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 16th session. EUR/USD — The trading session was quiet on Monday session. The liquidity was an issue due to the Presidents' Day in the US. The market is just hovering around the 50-day EMA, as you can see on the daily chart. A break above the 1.22 level is bullish for the euro and the next target could be the 1.23 level. To the downside, the 1.20 level […]

EUR/USD and GBP/USD Forecast — February 15th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 15th session. EUR/USD — The euro fell towards the 50-day EMA on Friday session and bounced off to show signs of support. It is interesting to note that you have a couple of shooting star candlesticks followed by a hammer candlestick. The 1.20 level below is supportive. So, short-term pullbacks are buying opportunities. GBP/USD — The pound initially […]

EUR/USD and GBP/USD Forecast — February 12th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 12th session. EUR/USD — The trading session was initially bullish, but then the market rolled over. The market is consolidating between the 1.19 level and the 1.20 level. The 50-day EMA below could be supportive. So, pullbacks are still seen as value in this chart. GBP/USD — Recently, the pound broke above the 1.3750 level. However, […]

EUR/USD and GBP/USD Forecast — February 11th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 11th session. EUR/USD — The euro rallied a bit on Wednesday session. However, it looks like a pullback is inevitable at the moment, as the market is trading in the range between the 1.19 level and the 1.20 level. The 1.23 level is the next major resistance. So, this market could likely consolidate in this general vicinity at the moment. GBP/USD — The 1.3750 […]

EUR/USD Forecast — February 9th 2021

In this video, the Trader Guy looks at the EUR/USD currency pair for the February 9th session. EUR/USD — The euro rallied on Tuesday session to recapture this bullish trendline. This is a positive sign. The area below the 1.20 level is support. The market needs to overcome resistance at the 50-day EMA for the next move higher. It looks like this pair is going to be difficult to trade at the moment. It may be easier […]

EUR/USD and GBP/USD Forecast — February 9th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 9th session. EUR/USD — The market saw a slight pullback on Monday session, but then bounced off to show signs of support. Now, this broken bullish trendline should act like resistance. A candle close above the 50-day EMA Is very bullish and the next target could be the 1.22 level. A breakdown below the recent lows is […]

EUR/USD and GBP/USD Forecast — February 8th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 8th session. EUR/USD — The euro showed nice recovery on Friday session. The 1.20 level looks interesting in terms of psychological standpoint. The EU is seeing delay at the moment for vaccination against coronavirus. The stimulus looks more likely in the US. So, in the coming days, the sentiment could become clearer. GBP/USD — The 1.3750 level is seen as psychological resistance. […]

EUR/USD and GBP/USD Forecast — February 5th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 5th session. EUR/USD — The 1.20 level is being tested for support. The area below this level is also massively supportive. It is interesting to note that you have the formation of two hammer candlesticks above the 1.20 level. You have the non-farm payroll data to be released from the US. A break above the top of the candlestick […]

EUR/USD and GBP/USD Forecast — February 4th 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 4th session. EUR/USD — The trading session was bearish on Tuesday session, testing the 1.20 level for support, forming a hammer candlestick. You have the non-farm payroll Friday session ahead. It could have a significant impact on this market. The area below the 1.20 level is massively supportive. In the meantime, this market could go sideways with […]

EUR/USD and GBP/USD Forecast — February 3rd 2021

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the February 3rd session. EUR/USD — The euro rallied towards the 50-day EMA on Tuesday session. The 1.20 level is the next support. A breakdown below this level is very bearish and the 200-day EMA could be the next support. The 1.22 level is the beginning of the supply zone. The market could remain choppy for a while. GBP/USD — The pound saw a sideways […]

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