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EURo falls below 1.05 on the first trading day

al_dcdemo Updated 3 Jan.  in #Trader's blog #Support #Resistance #EUR/USD #Asian Session #D1 Chart #Political Risks
Euro fell back below 1.05 on the first trading day of the year but has already recouped half of those losses in today's Asian session. Political risks are likely to have the pair capped in the first half of the year at least.
1.05 - 1.055 is the initial resistance and then stronger one at 1.06 - 1.065. A sustained hold below 2015 low (1.046) would target 2016 low (1.035) and then area around 1.025.
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EURo breaking to the upside

al_dcdemo Updated 26 Feb.  in #Trader's blog #Support #Resistance #EUR/USD #Asian Session #D1 Chart #Low Volume
After falling in eight out of nine days since February 12th, Euro finally closed higher yesterday. A tug of war around 1.10, between 50 and 100 DMA on the downside and 200 DMA on the upside, is currently resolving to the bulls' liking.
However, the move is happening on low Asian session volume. We'll have to wait until European/London session to see whether it will be confirmed.
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Yen bounces overnight

al_dcdemo Posted 9 July  in #Trader's blog #USD/JPY #Greece #Us Session #Asian Session #100 Dma #H1 Chart #Chinese Stocks
After nearly 200 pip fall yesterday, the pair found support in 120.40 - 120.70 band in US afternoon. It then rallied in Asian session, in line with slightly better sentiment with regard to Greece and stabilization in Chinese stocks.
It is now back above 100 DMA which has been reinforced by Weekly Support 2, Monthly Support 1 and 121.00 big figure level. First stronger resistance is seen at previous support between 121.90 and 122.05 (March high, Previous Week Low, Weekly Support 1, Daily Resistan…
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Dollar strength continues

al_dcdemo Posted 26 May  in #Trader's blog #Euro #EUR/USD #Daily Support 2 #Asian Session #50 Dma #Daily Support 3
There was a bit more action in currencies in today's Asian Session than yesterday. General pattern was that of US Dollar gains.
Euro broke below 50 DMA (~1.0960) and traded down to Daily Support 2 (1.0931). If it doesn't bounce today, we will likely see continuation lower and a possible retest of the lows near 1.0450. Next intraday support may be found around 1.0900 - 1.0905 (Daily Support 3, 1.09 level).
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CommunitySupport 26 May

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al_dcdemo 26 May

Thank you :) Euro is currently holding just above 61.8% retracement of the April 13th to May 15th rally. If that goes, then I think the path is clear to retest the March low.

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EURo gained overnight

al_dcdemo Posted 22 May  in #Trader's blog #Euro #Cpi #EUR/USD #Memorial Day #Asian Session #Whit Monday #Spring Bank Holiday
The Dollar pulled back across the board overnight into a holiday extended weekend. There's Whit Monday in some European countries, Spring Bank Holiday in UK and Memorial Day in US on the first day of the next week.
The notable movers were the Australian and New Zealand dollars, but the Euro managed to put up 50 pips, which is quite a lot for the Asian Session. Today's calendar is full, but the market will be focusing on the (Core) CPI report from the States.
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pipx 22 May

I am waiting to go long @ 1.1183, then see want happens the next 2 trading days

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al_dcdemo 22 May

I was long from 1.11, stopped out on CPI. Will reassess now.

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EURo continues higher

al_dcdemo Posted 6 May  in #Trader's blog #Euro #EUR/USD #European Session #Daily Resistance 3 #Weekly Resistance 1 #Asian Session #100 Dma #Adp Non Farm Employment Change
Following yesterday's bounce from previous (1.0450 - 1.1050) range high, Euro was bid for the most of Asian session and came into European session on its highs. Despite positive data and few attempts to the upside, it went sideways until weaker than expected ADP Non-Farm Employment Change sent it through resistance in 1.1275 - 1.1300 band.
1.1380 - 1.1410 is the next strong layer of resistance: Weekly Resistance 1 (1.1383), 1.14 level, Daily Resistance 3 (1.1407). On the downside, 1.13 level sha…
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