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Trade ideas: EUR/USD finally broke support to 1.0965/45 for a sell signal to target 1.0880/70 (hit on Friday). We have resistance at 1.0890/1.0900 (& you should be short here with a high for the...
The EUR/USD pair staged a short-lived bounce on Tuesday, but it was rejected from the 1.0900 area despite encouraging Eurozone Gross Domestic Product (GDP) figures. At the time of writing, the EUR/USD...
The EUR/USD formed a bull reversal bar yesterday. However, it is small and follows large bear trend bars. The odds are there are sellers above yesterday’s high and that the market will go...
The most traded currency pair in the market starts a new week of May with a decline. EUR/USD is now retreating to 1.0860.The US dollar has risen noticeably because of increased demand for safe-haven...
The EUR/USD had a bear breakout with follow-through below the moving average (blue line) and is probably Always In Short. However, it is important to realize that the market is Always In Short, in...
Eurostat today reported that eurozone industrial production fell by 4.1% in March, the most significant drop since July last year. Compared with the same month of the previous year, output fell by...
The bearish pressure mounted on EUR/USD this week as the dollar benefitted from deteriorated market mood amid banking sectors concerns and US debt ceiling woes. At the time of writing, the EUR/USD...
The EUR/USD pair is becoming Always In Short and breakout below the moving average. I have mentioned several times that the odds were that the bull channel that began on March 24th would likely...
The EUR/USD is trying to get another bear close below the moving average to add to the selling pressure. The market has been in a bull channel since March 24th, and the odds are it will transition...
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