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Found 14 results

  1. NordFX is an international broker which provides individual and corporate clients a full range of services for trading in the forex, gold, silver and cryptocurrency (at present, 14 crypto currency pairs are available, consisting of the most popular cryptocurrencies to the US dollar). The company was founded in 2008. In all its endeavours NordFX maintains state of the art technologies and cutting-edge software, whilst constantly expanding the spectrum of financial instruments and services it offers. During its years of operation NordFX has seen over 1,200,000 accounts being opened by clients from over 100 countries. Investments in global stocks with high income and with capital protection up to 100%, and RAMM, the newest system for the automatic copying of trade signals with risk level control, are among services offered by NordFX. NordFX is distinguished by minimal spreads, immediate order execution, and a leverage ratio up to 1:1000, which is available for all currency pairs and metals. Fixed margins for crypto pairs are indicated in the account specifications. Accounts, as well as funds deposit/withdrawal are available both in USD, and in Bitcoins and Ethereums. Leverage of up to 1:1000 for all currency pairs and precious metals Uses the world’s most popular trading platform MetaTader 4, and associated mobile applications A minimal deposit of 5 USD Minimum spreads starting at 0 points Extremely fast order execution of just 0.5 seconds Ease and simplicity of fund deposits/withdrawals (over 15 methods) Accounts can be in USD, Bitcoins and Ethereums The NordFX Partnership Programme has been named the ‘Best Affiliate Program 2016’ by Forex Awards. Commissions of 10-12 USD per lot 1st level partners get 10% of the commission of 2nd level partners Instant commission crediting The ability to withdraw commission funds of any amount at any time Over 15,000 partner accounts globally Full partner support, which includes financial aid, as well as assistance with organising promotions, trading contests and educational seminars. https://nordfx.com
  2. On Wednesday the 5th of September, trading on the euro closed up. Market volatility was high during both the European and US sessions. At the beginning of the European session, the single currency live currency rates dropped against the dollar from 1.1608 to 1.1543. In the US session, the euro bulls pushed the session high up from 1.1608 to 1.1640. The greenback came under pressure from a rising pound, which occurred on the back of a Bloomberg report that the UK and Germany have decided to give up certain demands, which should make it easier for the sides to reach a deal. This unexpected piece of news fits in with my market expectations, although I haven’t accounted for volatility. Day’s news (GMT+3): 09:00 Germany: factory orders (Jul). 15:15 US: ADP employment change (Aug). 15:30 Canada: building permits (Jul). 15:30 US: nonfarm productivity (Q2), unit labour costs (Q2), initial jobless claims (31 Aug). 15:45 Eurozone: ECB's Lautenschläger Speech. 16:45 US: Markit services PMI (Aug). 17:00 US: ISM non-manufacturing PMI (Aug), factory orders (Jul). 17:30 US: EIA crude oil stocks change (31 Aug), FOMC member Williams speech. Fig 1. EURUSD hourly chart. Current situation: Now let’s look at the hourly chart. While the pair has deviated from my weekly projection, I haven’t removed it from the chart because the rate has now returned to its projected level on the hourly cycles. I’ve double-checked the cycles and nothing has changed. The pair just strayed from the weekly projection for a bit. Given yesterday’s pricing model, I’m prepared to entertain the possibility of a double top formation, although the general technical picture suggests a jump to the 67th degree. 1.1605 will act as a support today. The market has been swinging for the last few days, so don’t expect volatility to subside and be ready to see some full retracements of previous movements. I don’t really have any trading ideas to apply to my forecast. I think that today, everyone will be preparing for tomorrow’s nonfarm payrolls report.
  3. On Thursday the 8th of November, trading on the euro closed down. The euro fell markedly against the US dollar after the publication of the European Commission's report, which is expected to slow the Eurozone economy in 2019. The European Commission lowered the GDP forecast in the Eurozone from 2% to 1.9%. After the meeting, the US Federal Reserve's Open Market Committee (FOMC) accelerated the pair's descent. As expected, the FOMC decided to leave key interest rates in the country in the range of 2.00%-2.25%. The Committee confirmed its forecast for a gradual increase in interest rates. The statement that risks would remain balanced was present in the September statement, and remains intact. The next meeting is scheduled for December. Another rate hike is expected later this year. See economic calendar here! Day's news (GMT+3): 10:45 France: industrial output (Sep). 12:30 UK: GDP (Q3), total business investment (Q3), industrial production (Sep), trade balance (Sep), construction (Sep). 16:00 UK: NIESR GDP estimate (Oct). 16:30 US: PPI (Oct). 18:00 US: Michigan CSI (Nov). 21:00 US: Baker Hughes US oil rig count. Fig 1. EURUSD hourly chart Current situation: Our forecast for the high and low was accurate. I did not consider the jump from the high (1.1447). I expected a fall to the trend line on Friday, while sellers passed this yesterday. In addition, there was a breakout of the upwards channel and the area around the 112th-135th degree acted as a support. I did not make a forecast for Friday due to the conflicting situation we have. The price may fall to 1.1313, or via a correctional movement under the trend line. There is no important news scheduled for today for the euro, and should the euro strengthen to 1.1375, that could cancel the bearish scenario.
  4. By Kathy Lien. Investors sent EUR/USD to its highest level this month on the back of the European Central Bank’s monetary policy announcement. Considering that euro was trading strongly ahead of the rate decision, it didn’t take much for the currency pair to hit 1.17 and now that it has, many traders are wondering if they should fade or follow the move. To answer this question, we need to dissect Super Mario’s latest outlook – judging from his comments, we know he’s worried about growth (hence the lowered GDP forecasts for 2018 and 2019), protectionism, emerging-market turmoil and external demand. Yet EUR/USD rallied because low inflation has become less of a concern. According to Mario Draghi, domestic cost pressures are strengthening and inflation should pick up toward the end of the year and rise gradually in the medium term. The central-bank Governor’s concerns about trade tensions are also tempered by his view that global demand is strong. Despite the GDP downgrades, a healthy labor market keeps their economic outlook broadly balanced. Market sentiment and positioning is very important when it comes to trading major event risks. Had the euro been hovering near this month’s low ahead of the rate decision, traders would have latched on to the central bank’s lower economic projections. However, the possibility of a GDP downgrade was leaked on Wednesday, giving investors the opportunity to discount the central bank’s move. The recent decline in Italian bond yields also helped euro stabilize this week. So when the softer US consumer price Index was released, EUR/USD popped higher and extended its gains to 1.1700. Traders, who were looking for a reason to cover their shorts, focused on the positive elements of Draghi’s comments. They were happy that he had anything positive to say at all and relieved there was no mention of the data disappointments in Germany and Italy. EUR/USD: A Buy Or Sell? On a technical basis, the pair broke out of an 8-day long consolidation but Thursday’s rally stopped right at the 100-day and 20-week SMAs, which are natural areas of resistance. Shorter-term charts show the possibility of continued gains but that’s predicated on Friday’s U.S. retail sales report. Producer and consumer prices surprised to the downside this week with year-over-year US CPI growth slowing to its weakest pace in 4 months. While neither one of these reports will stop the Federal Reserve from tightening this month, they increase the chance that it’ll be the last hike of the year. If retail sales also surprises to the downside like economists anticipate, it would reinforce the EUR/USD’s positive bias and take the pair to 1.18, use profit calculator. However if consumer spending improves – and we think it could given the acceleration in wage growth – the record-breaking moves in U.S. stocks and stronger spending reported by Johnson Redbook, EUR/USD could sink back down to support near 1.1610. Sterling also traded higher on Thursday but not as a result of the Bank of England’s monetary policy announcement. GBP/USD actually weakened slightly after the central bank voted unanimously to leave interest rates unchanged. Its decision wasn’t a surprise considering that BoE just raised interest rates in August. The central bank expects inflation to ease next year due to an energy price cap but pay could be stronger due to a healthy labor market. Ongoing tightening will be needed according to the central bank but future rate hikes will be limited and gradual. It wasn’t until the release of U.S. CPI that GBP/USD started to strengthen. The pair eventually broke above 1.31 on the back of the ECB’s optimism and general USD weakness. Looking ahead, Brexit negotiations continue to go well and we think that they will carry GBP/USD to 1.32. The Australian and New Zealand dollars stretched higher while the Canadian dollar held back. AUD and NZD benefitted from the general improvement in risk appetite and Wednesday night’s stronger-than-expected labor-market report. A total of 44K jobs were created in August, the majority of which were full time. The Australian economy has held up remarkably well despite slower Chinese growth and China’s troubles with the U.S. but eventually the challenges faced by Australia’s largest trading partner could come back to haunt the currency. The Canadian dollar failed to participate in Thursday’s rally because there haven’t been any breakthroughs in trade talks between the U.S. and Canada. Apparently there were reports on Thursday that Trump told donors he would drop Canada from the U.S.-Mexico-Canada pact if they don’t agree to his terms. The talks haven’t broken down completely but Canadian Foreign Minister Freeland was the first to admit that plenty of work still needs to be done.
  5. On Wednesday the 12th of September, trading on the euro closed up. The dollar was under pressure amid the strengthening of the Canadian dollar. Market participants reacted to officials' sentiment regarding the imminent conclusion of a new trilateral NAFTA free trade agreement between the US, Canada, and Mexico. In addition, US President Donald Trump said in the evening that negotiations with Canada were going well, and that Canada wants to conclude a new agreement. The euro recovered to 1.1650, after which the pair moved to the consolidation phase. Day's news (GMT+3): 9:00 Germany: CPI (Aug). 9:45 France: CPI (Aug). 10:15 Switzerland: producer and import prices (Aug). 14:00 UK: BoE asset purchase facility, BoE interest rate decision, BoE minutes. 14:45 Eurozone: ECB interest rate decision. 15:30 Eurozone: ECB monetary policy statement and press conference. 15:30 Canada: new housing price index (YoY). 15:30 US: initial jobless claims (Sep 7), CPI (Aug). 21:00 US: monthly budget statement (Aug). Fig 1. EURUSD hourly chart. Current situation: The lateral trend from 1.1650 has been underway for 14 hours. At the time of writing, the euro is at 1.1624 (1.1635 on the chart). Market participants have their attention focused on the ECB and BoE meetings, as well as Draghi's press conference. The ECB is not expected to raise rates. Draghi said that rates will remain low for a long time. All eyes and ears will be on Draghi's announcement. The euro may fall under pressure after the BoE's decision to keep interest rates at the same level. At this time, we should monitor the breakdown of votes on the decision. Any changes will cause sharp price fluctuations on GBP pairs, and will affect the euro/dollar via the euro/pound pair. I forecast a drop this week to 1.1576, and on Friday to 1.1530. The forecast does not take into account the fundamental data, therefore deviations are possible. The support is at the 45th degree - 1.1596, resistance - 1.1666. what does pips mean in forex trading in this forescast
  6. GersonH

    Current situation: In order for this week’s trading to close at my projected level around 1.1580, the bears need to go on the attack today. For the time being, they’re holding off ahead of today’s NFP report in the US, which comes out at 15:30 (GMT+3). If the NFP report disappoints market participants today, there’s a risk of returning to 1.1720 over the following 3 hours. I don’t make market predictions on payrolls day. If the actual figures significantly diverge from projections, we can expect volatility within a 100 – 150 pip range. There aren’t any important news releases from Europe expected. The market often consolidates within a narrow range ahead of the NFP report. Don’t be surprised if the pair continues to trade at around 1.1635 up until 15:30 (GMT+3). Markets are jittery over the possibility of even more tariffs being imposed on Chinese imports to the US, so pressure on the euro will remain even if it moves upwards at 15:30. See more forex lessons technical analysis here!
  7. On Monday the 13th of August, trading on the euro closed slightly up. Markets took a breather after a sharp drop which started on Friday due to increased tensions between The US and Turkey as well as the fact that Trump ordered the doubling of tariffs on Turkish metal. The Turkish crisis first started affecting developing markets and has gone on from there to impact the developed world. The US dollar and Japanese yen have been the safe haven assets of choice. The EURUSD pair dropped to 1.1365. In Monday’s European session, the EURUSD rate rose to 1.1433. Day’s news (GMT+3): 09:00 Germany: GDP (Q2), CPI (Jul). 09:45 France: CPI (Jul). 10:15 Switzerland: producer and import prices (Jul). 11:30 UK: claimant count change (Jul), ILO unemployment rate (Jun), average earnings (Jun). 12:00 Eurozone: GDP (Q2), industrial production (Jun), ZEW survey – economic sentiment (Aug). 12:00 Germany: ZEW survey – economic sentiment (Aug). 15:30 US: import price index (Jul). 23:30 US: API weekly crude oil stock. Fig 1. EURUSD hourly chart. Source: TradingView. Current situation: Since the USDTRY pair is consolidating at around 6.90 USD, the EURUSD pair recovered from the 225thdegree to 1.1433 as part of a correction. The rate returned to the LB balance line (sma 55). While the market is currently in equilibrium, prices may deviate from this line. The lira isn’t getting any stronger, so the correction could come to an end as the European session gets underway. Stay alert. Trading on the dollar is mixed in today’s Asian session. The euro crosses are in negative territory. Considering that an important support has been broken on the weekly timeframe, after a pullback, the first target levels for sellers will be 1.1380 (45 degrees) and 1.1351 (67 degrees). At 12:00, Eurozone GDP and industrial production figures will be released. At the same time, a ZEW survey on economic sentiment for both Germany and the Eurozone will be published. These are important indicators, so expect a surge in volatility around this time on all pairs involving the euro. If volatility does rise, this should last for about 30 – 40 minutes. Source: https://alpari.com/en/beginner/articles/trading-strategies/
  8. On Friday the 3rd of August, trading on the euro closed down. High volatility was observed in light of the publication of the the US labour market report. July data on the number of those employed in the non-agricultural sector of the US did not meet market expectations. Although the data was below 189 thousand, the report is not bad, as the average hourly salary has grown and the indicators for May and June have been revised upwards. US 10-year bond yields fell on news of the report, with many major currencies closing in positive territory on Friday as a result. As a result of last week, major currencies closed in the red zone against USD. The greatest decline was shown by the British pound (-0.84%). Then came the euro (-0.75%), the New Zealand dollar (-0.68%), the Japanese yen (-0.23%), the Australian dollar (-0.03%), and the Swiss franc (-0.02%). The Canadian dollar was the only currency to record growth (+0.55%). US data: The number of new jobs was 157 thousand (forecast: 189 thousand). May figures were revised from 244 thousand to 268 thousand, and in June - from 213 thousand to 248 thousand. The overall revision amounted to +59 thousand. The unemployment level fell to 3.9% (previous: 4.0), which coincided with expectations. The average hourly earnings index was 0.3% (forecast: 0.3%, previous: revised from 0.2% to 0.1%). The ISM business activity index for the service sector for July was 55.7 (forecast: 59.0, previous: 59.1). Day's news (GMT+3): 9:00 Germany: factory orders s.a. (MoM) (Jun). 11:30 Eurozone: Sentix Investor Confidence (Aug). Fig 1. EURUSD hourly chart. Source: TradingView Current situation: Friday's multidirectional fluctuations once again confirm that it's pointless to make market forecasts on payrolls day. The 157th degree acted as a support. The price bounced off that area three times and now sellers are trying to test it below 1.1550. I see the pair is poised to rebound to 45 degrees (1.1558). The Stochastic Oscillator isn't favouring buyers at the moment, so it will only be safe to enter long positions if the trend line gets broken. The balance line (Lb) will act as an intermediate resistance. Now it is passing through 1.1600. The economic calendar is looking pretty scarce. There's nothing to stop buyers from inducing a correction. See more forex strategies in Alpari.com
  9. Statements from two ECB officials put some downwards pressure on the euro. Both Villeory and Constâncio voiced concerns over the euro’s rally, saying that it’s a source of uncertainty given that this movement goes against the fundamentals. Constâncio added that the ECB’s monetary policy could remain loose for the long term. The upswing to 1.2288 was brought about by the Bank of Canada. The central bank increased its key rate by 25 base points to 1.25%. Governor Steven Poloz said that the banks decisions depend on current economic decisions. After this news, the euro slipped to 1.2165 (-123 pips). Fig 1. EURUSD hourly chart. Source: TradingView The main target was reached very quickly. The pair dropped without hindrance to 1.2196, followed by an upwards rebound to 1.2288 and the beginning of a head & shoulders model. I don’t think this model will complete its formation today though, as I’m not expecting the price to reverse once the neckline is broken through. In Asia, the euro is trading above 1.22. The range of 1.2188 – 1.2195 that I’ve highlighted has already lost its relevance. So, what can we expect today? Hourly cycles are signalling a continued decline for the euro. The daily candlestick for 17/01/18 is also suggestive of a declining euro. Moreover, it has both a long body and wick. The euro’s decline stopped at the 90th degree despite the reversal zone being between the 112th and 135th degrees. The trend line extended from 1.2323 runs through 1.2248, where the 67th degree currently sits. My forecast is expecting a drop to the 45th degree, but we could see the trend line being tested. How can one enter the market given the current situation? To keep risk to a minimum, I’d look at selling from the 45thand 67th degrees with a stop level above 1.2300, so that the overall risk doesn’t exceed your calculated risk. You could place a stop level above 1.2323, but by increasing the stop, the lot will decrease. The likelihood of the stop will decrease, but so will the level of profit should there be a positive outcome. Source: https://alpari.com/en/
  10. On Wednesday the 10th of January, the euro jumped after a report from Bloomberg that China was preparing to either reduce or stop its purchases of US government bonds. The Chinese regulator, however, dismissed these rumours. On Thursday the 11th of January, the euro jumped again after the minutes of the ECB’s latest meeting on monetary policy were disclosed. This sent Eurobonds up, along with the euro crosses and our main EURUSD pair. The European regulator remarked that the economic situation is improving, so it’s possible that the bank could revise its monetary policy in the early stages of this year. The sharp rise of the single currency and weak US inflation data put the dollar under pressure. The producer price index for December dropped by 0.1% against a forecast of +0.2%, and a previous reading of +0.4% (a negative factor for the US Fed). On Thursday, trading on the euro closed up above 1.20. Now we’ll look at the hourly chart and construct some intraday models for the past 3 days. The only way to protect yourself from unexpected news items is through stop levels. Since the minutes of the ECB meeting were published, the euro has recovered to 1.2066, with this recovery extending into the Asian session. Growth stopped at around the 112th degree. The area between the 112th and 135th degrees is a reversal zone, so the euro could drop to the LB balance line without hindrance during the European session. Since yesterday’s upwards movement hasn’t been erased, like it was on Wednesday, I think a triple top could form today. I’ve gone for a triple top because in Asia, all the euro crosses are trading up. I’m sure that on these rising crosses, buyers will try to reach new highs. So, once a new high is reached, if there’s a double bearish divergence between the AO indicator and the price, we can start looking downwards. The target is 1.2075, with a closing price in the region of 1.2042. If the crosses reverse, the target will be 1.1984. If the crosses are falling, the 45th degree won’t stop sellers. Source: https://alpari.com/en/beginner/articles/
  11. During the press conference, Draghi said that the ECB had upgraded their economic forecasts for GDP and inflation growth. Projected GDP growth in 2018 has been revised upwards from 1.8% to 2.3%, while projected inflation has been revised from 1.2% to 1.4%. Draghi added that if the conditions for economic growth get any worse, the ECB would expand its asset purchasing program. The US dollar rose against most of the majors after positive statistics on employment and retail sales. The number of initial jobless claims last week fell by 11,000 to 225,000. The retail sales index grew by 0.8% against a forecast of 0.3% and a previous reading of 0.5% (revised from 0.2%). Yesterday, I wrote that technical analysis doesn’t work when the heads of central banks a speaking or when large blocks of economic data are released. Yes, the price does take all events into account, but only post factum. Market expectations often diverge from the actual outcome. The past is a static picture. It doesn’t change under any circumstances. We can analyse a price’s historical behaviour, and simulate different scenarios, but the future can be shaped by us as fundamental data and statements from officials change market expectations in forex investment calculator. The W-model is off the cards. If the euro starts to rise again, we could see the formation of an upwards impulse towards the TR2 trend line. For that to happen, the euro needs to move from its current level and rise above the 45th degree, which is at 1.1819. At the time of writing, the euro is trading at 1.1784. This is close to the LB balance line. The price is in equilibrium on the hourly timeframe. My forecast has the euro dropping to the lower boundary of the A-A channel. The stochastic has reversed downwards, so I’m expecting the euro to open down in Europe.
  12. On Wednesday the 13th of December, trading on the euro/dollar pair closed 80 pips up. The single currency initially rose against the dollar from 1.1730 to 1.1771 (+41) after consumer inflation data in the US was published and then rose from 1.1771 to 1.1826 (+55) after the FOMC meeting. The FOMC meeting culminated in the decision to raise interest rates again by 25 base points. The federal funds rate now ranges from 1.25% to 1.50%. The Fed is planning 3 rate hikes in 2018 and has expressed concerns over slowing inflation in the US. As Janet Yellen said, “our understanding of the forces driving inflation isn’t perfect”. Since the current rate hike and a further three planned for 2018 are now built into the market price, traders are selling dollars en masse. Wednesday turned out to be very volatile for global markets. The dollar retreated on all fronts. By the time the US session opened, the euro had dropped to 1.1730. Market participants were jittery ahead of the FOMC meeting. After consumer inflation data was published, the first major wave of dollar sales took place. The FOMC meeting and Janet Yellen’s speech led to even more sales. In the US session, the euro recovered to 1.1826. In Asia, the pair has reached the 1.1844 mark. Three central banks have their meetings today. They are the Bank of England, Bank of Switzerland, and the European Central Bank. Traders will mostly be focused on the ECB and President Mario Draghi’s subsequent press conference. I don’t make forecasts on days when central banks meet and I don’t trade. Because of the press conferences with the heads, these days are unpredictable. Now let’s see what we can expect from the euro from the technical side. Developments led buyers through the TR line (from 1.1812 high), before breaking the TR1 line (from 1.1961 high) after the FOMC meeting. The breakout of the TR1 intensified the W-model, which started forming after the breakout of the A-A channel. The targets for it are 1.1866 and 1.1881. The EURUSD pair won’t pay any attention to technical factors during Mario Draghi’s press conference. It could rise above the U3 MA line (1.1889) or just as easily return to 1.1765. No one knows what Draghi will say at the press conference and what journalists will ask him. I think that the most likely outcome is that the pair will move towards the 1.1881 mark. See more in forex market holidays
  13. alpariJose

    EURUSD: buyers edging towards the 135th degree On Wednesday the 6th of December, trading on the euro/dollar closed down. The greenback made gains against most of the majors after significant progress was made in Congress regarding tax reform. Senate Republicans have agreed to talks with the House of Representatives to discuss the new legislation. Markets expect the two houses to reconcile their respective versions of the bill in the coming days. Meanwhile, markets are also bracing themselves for Friday’s NFP report as well as the upcoming FOMC meeting to be held on the 13th of December. I didn’t make a forecast on Wednesday because, with the euro trading at 1.1845 forex ideas, the situation was ambiguous. As trading opened in Europe, the euro bounced off the previously broken trend line and recommenced its decline with renewed vigour. The euro initially returned to the 112th degree at 1.1799 before moving towards the lower boundary of the A-A channel. Interestingly, the euro dropped at the same time as US bond yields. The pressure on the EURUSD pair came from the EURGBP cross. In Asia, our pair is currently trading sideways while the euro crosses are rising. This suggests that the dollar is attacking on all fronts and euro sellers are preparing to hit a new daily low. Given that a bullish divergence has formed between the AO indicator and the 1.1801 and 1.1781 lows, once the 1.1781 low is retaken, this will form a double bullish divergence; a technical sign of a rebound. I’ve gone for a rebound at 1.1772 because the 1365th degree runs through this level. The area between the 112th and 135th degrees is, in my view, a reversal zone. From 1.1772, I’d like to see a three-wave formation aiming at 1.1709. Keep an eye on the euro/pound cross. A triangle is forming on the 4-hour timeframe. Exiting it downwards would speed up the euro’s decline against the US dollar. I wouldn’t recommend buying euro in anticipation of a rebound as the correction could go on for as long as 40 hours without a rise. Take note of when the price breaks through the TR3 line and what sort of trading volumes are present at the time. Source: https://alpari.com/en/analytics/reviews/market_sessions/23450_07122017/
  14. Here we post best ideas and market outlook on primary forex currency pairs made by out top experts. Follow the thread!
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