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EURo declines overnight

al_dcdemo Updated 23 June  in #Trader's blog #Euro #EUR/USD #Rising Wedge #Daily Support 2 #Stop Run #50 Dma #100 Dma #Monthly Pivot Point #Weekly Support 2
In a bout of overnight USD strength, Euro fell 80 pips, breaking below the three-week rising wedge and the Monday low (1.1290) in the process. After the substantial stop run, it stalled ahead of Daily Support 2 just above 1.1250.
The pair is basically back to the pre-FOMC levels. If it doesn't bounce from here and instead continues to fall through 1.1200 - 1.1250, it may revisit 1.1050 - 1.1120 band (March/April range top, 1.11 level, 50 DMA, Monthly Pivot Point, Weekly Support 2, 100 DMA, 1.105…
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pipx 23 June

Lets hope this picks soon :-)

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al_dcdemo 23 June

It'd be nice! But I wouldn't bet a farm on it. Ok, maybe demo farm :)

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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 heavy again

al_dcdemo Updated 9 Apr.  in #Trader's blog #Euro #EUR/USD #Daily Support 2
Euro just broke through previous week low (1.0713) and 1.07 level after it looked heavy all day. If lower prices can be sustained, some demand may come in at Daily Support 2 (1.0686) and then 1.0650 level. Cable is holding a bit better now, but it declined more in the morning.
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EURo rejects 1.10

al_dcdemo Posted 26 Mar.  in #Trader's blog #Euro #EUR/USD #Fomc #Dma #Daily Support 2
It seemed that Euro successfully regained 1.10, after it has briefly traded above post-FOMC high (1.1035) and 1.1050 level in Europe, but it reversed from there and fell all the way to the range support at 1.09. If it breaks below that, 100 DMA and Daily Support 2 near 1.0850 will be the first two levels to watch.
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