Trading news

EURUSD UPDATE

EURUSD Update

EURUSD, Daily

EURUSD sold off in the wake of mixed U.S. data that highlighted a 40 year low in U.S. jobless claims, slightly better core CPI reading, and a small improvement in the Empire State index. The EURUSD market sell off yesterday was a standard knee jerk reaction to the headline positive jobless claims, which saw renewed interest in buying the USD. Technically, the sell off was expected, as momentum indicators have been signaling that buying interest in the EURUSD has been slowing with the stochastic oscillator reading as overextended. Price now sits around the 1.1370′s, and I expect this area to hold, unless today’s U.S. release of the UoM Consumer Sentiment comes in above expectations. The 1.1370′s also happens to be the 38.2% Fibo from the July low (1.0808) – August High (1.1713), so I would expect price support around current levels. My conclusion for the short term trader is to add long positions above 1.1370 for targets between the 1.1460′s and 1.1560′s.

Friday, 16 Oct, 2015 / 8:39

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

Source : http://analysis.hotforex.com/blog/2015/10/16/eurusd-update/

Trading news

 

AUD jumped after job data

AUD approaches the strong resistance at 0.7185. What may happen [...]

Posted on Thursday, 13 Aug, 2020 / 2:04 under

AUD/JPY: Is it going to produce a Morning Star?

AUD/JPY produced two consecutive bullish candles in the daily chart. The H4 [...]

Posted on Thursday, 13 Aug, 2020 / 11:58 under

GBP/USD Breaking out of Symmetric Triangle Pattern - Trade Idea!  

The GBP/USD pair was closed at 1.30311 after placing a high of 1.30674 and a [...]

Posted on Thursday, 13 Aug, 2020 / 11:45 under