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June 20, 1967

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EURUSD rate on the hourly.

DEMO2nopsW Posted 10 July in #Trader's blog

The euro rate has fallen to 1.1380 from its high of 1.1440. The LB line and the 45th degree acted as reasonably good supports. The price is currently consolidating around 1.1405.I haven’t gone for a Monday vs Friday scenario for two reasons. Firstly, the price movements following the payrolls report were not unidirectional. Secondly, a triangle has formed. This suggests that Friday’s movements will continue into today. I could be wrong, of course, but my ideal scenario today would be a slide for…

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EURUSD: still on downwards course towards 1.1312

DEMO2nopsW Posted 5 July in #Trader's blog

Today, on the 5th of July, trader attention will be focused on the FOMC’s minutes as well as Britain’s services PMI. The UK statistics will have an effect on GBP currency pairs. If the index is better than expected, the euro/dollar will be flat until the FOMC’s minutes are published.Today, I think it better to watch the market from the sidelines. If the hourly candlestick closes above 1.1382, better not to sell your euros.

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EURUSD rate on the hourly.

DEMO2nopsW Posted 3 July in #Trader's blog

The euro/dollar reached the 1.1445/1.1475 resistance range on Thursday. The pair traded below 1.1445 for several hours. The ending triangle is in its final stages, but this doesn’t mean that a new dollar rally will start from exactly here. Yes, there is a downwards correction, but what will it look like in terms amplitude, motion and duration? Buyers believe in themselves.
As the price approaches 1.1470, the more people will be willing to sell their euros. As a result, it will be easier to go be…

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