Trading news

Bearish ABCD Pattern on EUR/USD pair

Bearish ABCD Pattern on EUR/USD pair

https://s23.postimg.org/hcpm862gr/Nenad.jpg

The EUR/USD closed its 2016 book below 1.0550 and in a slow start of 2017 it has formed a bearish ABCD pattern. The spike on Friday was caused by algos and I assume it cleared most stops above 1.0590. Today it is mostly bank holiday, so the market may move slower than usual. Any retest of 1.0590 could be used for positional shorts whereas 1.0550 serves as interim resistance and might be used for positional shorts too. 1.0450 is the first target while the drop below 1.0450 targets 1.0375.

Monday, 02 Jan, 2017 / 10:41

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://www.admiralmarkets.com/analytics/technical-analysis/

Trading news

 

Euro Retreating Faster Than Expected

Author: Dmitriy Gurkovskiy, Chief Analyst at RoboForexOn Monday, January 18th, [...]

Posted on Monday, 18 Jan, 2021 / 2:01 under

USD starts the week with gains

Fundamentals, click here for more: https://bit.ly/3ip6lmD   Poor US [...]

Posted on Monday, 18 Jan, 2021 / 12:03 under

US Stimulus and China GDP May Further Support Riskier Assets

  The rollout of the Covid-19 vaccines, even if off to a [...]

Posted on Monday, 18 Jan, 2021 / 11:40 under