honeill's Posts - Page 51

EUR/USD in Experienced Traders Nov 06, 2014 at 07:32

Yesterday EURUSD is traded around 1.2490 after having fallen for a fifth day out of the last six as the pair is enjoying the strength of the American dollar.Today we will have the ECB meeting on monetary policy that will certainly affect the market and the EURUSD. However, the 1.25 handle continues to be identified as the level where the battle is being waged right now. On Friday, the nonfarm payrolls will probably pronounce sentence.

EUR/USD in Experienced Traders Nov 05, 2014 at 07:34

With the USD-index giving back some of yesterday’s gains, the major USD pairs prompted a tick higher. EURUSD reclaimed the 1.2500 handle overnight during broad based USD weakness. The pair shrugged off the US trade balance, with EURUSD remaining in close proximity to the 1.2500 handle as the USD remained unfazed. Looking ahead the ECB rate decision later in the week will be in focus, however today the host of Fed speakers including Kocherlakota (Voter, Dove) and Lacker (Non-Voter, Hawk) will draw attention.

EUR/USD in Experienced Traders Nov 04, 2014 at 07:29

Price action in EURUSD remained relatively quiet having plunged to levels not seen since August 2012 overnight, after the pair tripped sell stops at the 1.2500 handle on a strengthening USD to break below Friday's lows at 1.2485. The pair moved sideways heading into the European close, having consolidated below the 1.2500 level. In terms of notable events the EU PPI reading for September will be in focus alongside ECB’s Coeure (Dove) and Costa (Soft Dove).

EUR/USD in Experienced Traders Nov 03, 2014 at 07:29

The EURUSD pair fell during the course of the session on Friday, breaking the bottom of the hammer from the Thursday session. And even went below the 1.25 level at one point, but at the end of the day we ended up bouncing back above it. If we can break down below the 1.25 level on a daily close, we would be very bearish and we would continue to sell this market.

EUR/USD in Experienced Traders Oct 31, 2014 at 07:38

QE3 was ended Wednesday, as expected, when the Fed announced it would be eliminating open market operations.They did indicate that current (record-low) interest rates would remain in place for the foreseeable future, though most analysts expect a mid-2015 rate rise.Strong GDP numbers and solid jobs numbers also give a positive outlook for the US economy, even as the world economy slows.So expect EURUSD to reach 1.25 in a couple of days and given enough time it may eyeball the 1.20 handle.

EUR/USD in Experienced Traders Oct 30, 2014 at 07:44

The pair traded sideways for much of yesterday session, as markets tentatively waited the release of the Fed rate decision after the close. However, heading into the close of European session the markets positioned for a dovish Fed statement, with the USD weakening and the pair moving to fresh highs at 1.2770, but a hawkish statement coming out of the Fed sent this pair lower. The market should continue to go lower down to the 1.25 handle.

EUR/USD in Experienced Traders Oct 29, 2014 at 07:36

After a boring European session, with the pair trading either side of the 1.2700 handle, stronger price action was again dictated by US data.This meant upside for the EUR, and the pair spiked from 1.2708 to 1.2760, eventually printing a high at 1.2765. The pair came off these high somewhat as the session moved closer to the close on little fundamental, almost retracing its initial strength, yet EURUSD stabilized around the 1.2730 level.Looking ahead to the seminal FOMC rate decision today where all analysts are expecting the FOMC to taper and finish QE3.

EUR/USD in Experienced Traders Oct 28, 2014 at 07:42

EURUSD was consolidating during the course of yesterday session, essentially going nowhere. The pair continues to struggle at the 1.27 level, and as a result it’s we may expect the sellers to come into this marketplace and make their presence be known. Even if we rally from here, it’s very likely that we will see a significant amount of selling pressure somewhere in the neighborhood of 1.2795.

EUR/USD in Experienced Traders Oct 27, 2014 at 07:24

EURUSD tried to rally during the day on Friday, but as pullback significantly in order to form a very neutral candle. This market continues to stroll sideways and essentially not offering much to trade and because of that the market is still bearish, but we are looking for some signal that’s worth selling. A break down below the 1.2613 level has the market heading to the 1.25 level, just as a bounce from here should have sellers stepping in near the 1.28 level.

EUR/USD in Experienced Traders Oct 24, 2014 at 06:58

EURUSD initially fell during the yesterday session, but found enough support at 1.2613 to reverse and move up towards the end of the day to form a Doji Cross. The fact shows that the market is indecisive, essentially trying to digest its next move in this region. The pair is still in a well-established bearish phase. However, the most important thing to pay attention is the area between 1.2868 and 1.31, as it is such a massive resistance barriers.

EUR/USD in Experienced Traders Oct 23, 2014 at 06:56

EURUSD pair fell during the course of the day on yesterday session, sending this pair looking for the 1.2650 handle. It appears that the EURUSD is ready to go lower, and at this point time any rally should be treated with suspicion. With that in mind, the pair can drop to the next key level at 1.2500 or even to the 1.2050 level based upon longer-term charts.

EUR/USD in Experienced Traders Oct 22, 2014 at 08:14

In the short-term, EURUSD is at a key potential inflection point: at the bottom of its channel after at least two waves up. A break below 1.2700 could signal the fulfillment of the bearish flag pattern and bring about extension to 1.2500. On the flip-side, expect plenty of short-term buying here as traders buy at the bottom of its flag channel, betting on a return to 1.29.

EUR/USD in Experienced Traders Oct 21, 2014 at 06:23

EURUSD initially fell during the course of the yesterday Asian session, but rose back up to the 1.28 level on the European and US session. The pair is managing to stay above the 10-day moving average and we might see a rally to the 50 day moving average at 1.2857.

EUR/USD in Experienced Traders Oct 20, 2014 at 06:21

The EURUSD initially tried to rally during the course of the day on Friday, but fell back below the 1.28 level. Is expected a strong resistance from 1.2994 limiting the upside and bringing a fall resumption. Below 1.2624 minor support will turn bias back to the downside.

EUR/USD in Experienced Traders Oct 17, 2014 at 06:21

EURUSD continues to consolidate above its 10-day moving average in a very mixed fundamental environment. We have markets trying to simultaneously process an apparent global slowdown (and its rate implications), good employment statistics (in the US), and risk aversion due to a variety of economic and political concerns.

EUR/USD in Experienced Traders Oct 16, 2014 at 06:13

EURUSD yesterday rose to 1.2886 following the unexpected news that US Advance Retail Sales fell by more than predicted in September. Most economists had already estimated a 0.1% fall in September, but sales fell by 0.3%.

EUR/USD in Experienced Traders Oct 15, 2014 at 06:44

EURUSD fell during yesterday session closing near the low of the day at 1.2658 after ZEW confidence survey showing that confidence in Germany and in the Euro zone is at its lowest in over 2 years. The pair still managed to close above the 10-day moving average creating an inside day.

EUR/USD in Experienced Traders Oct 14, 2014 at 06:23

EURUSD has been consolidating sideways after a break above its 10-day moving average last week. This upward movement has created a short-term bullish environment and a long-term consolidative outlook above 1.2500. On the 4h charts there is a bullish flag pattern under 1.2700 and a break above that level should accelerate gains toward 1.28.

EUR/USD in Experienced Traders Oct 13, 2014 at 06:27

EURUSD fell during the course of the day on Friday, continuing the bearish pressure that we have seen for quite some time. The market tested the 1.26 level and found enough support. However, the market technically is bearish overall but is holding above the 10-day moving average so expect short term bullish correction to continue.

EUR/USD in Experienced Traders Oct 10, 2014 at 06:47

The break above 1.2700 brought a short squeeze to the 1.2780-1.2820 price region, with resistance at 1.2790 eventually bringing about heavy selling and profit taking to bring the exchange rate back below 1.27. With the pair in its third day above its 10-day moving average we expect short term bullish correction to continue (despite long-term downtrend and bearish fundamental environment) and will look to set a long on a drop back down to the 10-day.

EURUSD	1.12974	GBPUSD	1.32855	AUDUSD	0.63908
USDJPY	144.083	USDCAD	1.38035	USDCHF	0.82811

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