eur/usd
Eur/usd held above support levels.
It consolidated near 1.3350 on friday but overall trend remains bullish.
There are no important economic events, today, relating to eur/usd so I think it will not be very active day. Overall trend is bearish and I am also in favor of bears today.
Previous week was most volatile week in june. Eur/usd fell sharply and I am expecting it to find good support at 1.3100 and thus a bullish trend is probable on monday.
The good or ill of a man lies within his own will. – Epictetus
Originally posted by ironicalPrevious week was most volatile week in june. Eur/usd fell sharply and I am expecting it to find good support at 1.3100 and thus a bullish trend is probable on monday.
So far moving around 1.3100 and significant breakout is expected after core durable goods data tomorrow.
Stick to your rules
After quick fall yesterday, eur/usd has stabilized itself today. It looks like short term trend is changed to bullish but longterm trend remains bearish.
I am expecting another fall tomorrow.
Pair is near support level of 1.2956.
Stay on hold and wait for it to either break this support or bounceback then enter in the direction of trend.
U.S data came worse than expected yesterday but eur/usd, instead of moving downward, moved bullish. It is still trading around 1.3000. Trend is unclear. Bearish expectations are still alive on 5hr and up timeframes.
Stick to your rules
My expectations were correct. Eur/usd moved towards major support level of 1.2800. It has reached very near to this level on friday. I am expecting reversal from this point.
Stick to your rules
Eur/usd's is range-bound since the start of week. I hope bernarke's speech today will make it trendy.
The good or ill of a man lies within his own will. – Epictetus
Well... It is almost out of range and heading towards resistance level of 1.3416.
Jobless claims data will be the key release todays.