Trading news

EURUSD – what would you do for an encore?

This is what I like to see and this is when traders can make both pips and money trading momentum, breakouts and subsequently making positional trades. Yesterday FED neutral to dovish statement (more dovish though) sparked the upside momentum on the EURUSD pair and BOOM! The pair behaved as was published before FOMC and after a perfect consolidation the pair broke all upside levels hitting the target.


What would EURUSD need to do for an encore? Obviously the pair is going towards magnetic 1.1375 level (Feb high + H4 camarilla WPP) where we could see some initial selling. 4h close above it will expose 1.1555 that could be next swing target. Positional trades could happen within 1.1260-50 zone (23.6, H3, inner trend line). Because we don't see any retracement on 4h time frame yet we can use historical price action that is repeating in now moment (see the chart). That's the beauty of Forex trading.

Thursday, 17 Mar, 2016 / 3:12

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/eurusd-huge-momentum-exposes-further-upside

Trading news

 

ING believes EUR/USD will break 1.20, and you?

What is moving the markets these days? What are the main drivers of currency [...]

Posted on Thursday, 15 Apr, 2021 / 1:24 under

Dollar succumbs to Powell’s dovish tune; stocks mixed

  Powell reiterates that rate hikes are a long way off, pressing [...]

Posted on Thursday, 15 Apr, 2021 / 10:15 under

Crude oil recorded sharp gains on Wednesday, notching the highest finish since mid-March.

Recent demand updates from several agencies signalled increased uptake of oil [...]

Posted on Thursday, 15 Apr, 2021 / 7:53 under