The EUR/USD needs to avoid the $1.0620 pivot to target the First Major Resistance Level (R1) at $1.0652. A move through the Friday high of $1.06386 would signal a bullish session. However, the EUR/USD would need the retail sales numbers and Philip Lane to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major...
The EUR/USD needs to avoid the $1.0587 pivot to target the First Major Resistance Level (R1) at $1.0642. A move through the Monday high of $1.06199 would signal a bullish session. However, the EUR/USD would need the stats and the ECB chatter to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance...
The EUR/USD needs to move through the $1.0660 pivot to target the First Major Resistance Level (R1) at $1.0682 and the Tuesday high of $1.06983. A return to $1.0680 would signal a bullish session. However, the EUR/USD would need today’s stats and the Fed minutes to support a breakout session. In the case of an extended rally, the bulls will likely test the Second...
As a result of CPI, EURUSD touched the 1.08 level on 14th Feb but there was a strong resistance and hence it fell down almost 800 Pips. For a proper trade set up please keep in mind the following levels. 14th Feb DH - 1.08044 DL - 1.07072 15th Feb Pivot - 1.0749 R1- 1.0792, S1- 1.0694 R2- 1.0847, S2- 1.0651 R3- 1.0945, S3- 1.0554 * EURUSD should break the...
The instrument has finally given up on the bearish scale and now have started showing Bull Trend. Following are some of the levels which needs to be kept in mind while trading today. 13th Feb - DH - 1.07299 DL - 1.06555 14th Feb PIVOT - 1.0701 R1- 1.0747, S1- 1.0673 R2- 1.0776, S2- 1.0627 R3- 1.0850, S3- 1.0552 * EURUSD should avoid going below the pivot...
After 2 trending day driven by news-related events - we expect this major forex pait to consolidate for a while now and largely trade flat. Here's our trading plan for the day: In this chart of OANDA:EURUSD I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and...
BUY EURUSD @ 1.1820 TP1 : 1.1880 TP2 : 1.1950 SL FOR PAID