EUR/USD

Nice trade this morning,EUR/USD short from the spike 1.12621, markets are beginning to warm to the idea of Trump.

One stock I bought on the dip GoPro,I keep an eye on this stock when it dips below 10.

Might get a bit of a bounce in the Euro if Draghi has anything positive to say,speech coming up soon.

No comments from Draghi , looks like we are getting some tech trading , some spec buyers.

Yes, it bounced up a bit and I can see a slight upward momentum getting away from the oversold area. Still bearish but we may well see a reverse in this trend. I will wait until I have stronger signal before placing the next trades.

If you traded eur/usd from 3.15 till 6.15 you did well almost 500 points , that's the kind of trading I like.

Looks like eur/usd is heading to 06000,I would think of going long from that level if any.

The dollar seems to be getting stronger against the euro and now the pair is quite low (1.0610) showing signs on m30 chart for going bullish again. Some short terms long positions could be beneficial. It's building a momentum.

All eyes and ears tuned for the upcoming Draghi's speech 😄

NEEnah posted:
All eyes and ears tuned for the upcoming Draghi's speech 😄

Might get a bullish move into his speech on speculation , eur/gbp trade.

snapdragon1970 posted:

NEEnah posted:
All eyes and ears tuned for the upcoming Draghi's speech 😄

Might get a bullish move into his speech on speculation , eur/gbp trade.

You are absolutely right. I see it's getting bullish also on H1 chart. My next level to watch is 1.0670. Breaking it would further strengthen the trend I think.

it will be short upside move ,will rapidly go down to 1.055 thereafter 😄

rob559 posted:
it will be short upside move ,will rapidly go down to 1.055 thereafter 😄

Very good prediction, you were almost right! And now it's again up in consolidation waiting for the next big news to shape a more definite trend.

In fact these low levels are comparable to the lows back in December 2015. It shows strong signals of going up in the next hours. I expect it to reach a resistance at 1.0610.

I think it will bounce off 0600 level then sell off ,profit taking.

Well, it's again up and running bullish now. Seems close to overbought condition so I expect a max resistance level at 1.0625.

Market looks really calm before the NFP. I guess holding on to see the next trend afterwards would be best.

EUR/USD is moving in the range between 1.0687 (resistance) and 1.0513 (support) for already half a month! That's what I call a solid consolidation. Definitely the big break of this zone will be after the NFP. I expect a number higher than 174K which may have a bullish effect on the dollar.

Thanks to the guys down at Fj,good tip off.