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Filtrowane przez tagi:  Euro Strength
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USD/CHF consolidates below 0.97 ahead of the FOMC

Swiss franc is one of the best performing major currencies this year. Euro strength and U.S. dollar weakness are both supporting this. SNB meets tomorrow and no change is expected from them for at least as long as ECB keeps rates on the floor.
USD/CHF encountered some demand ahead of 0.96 before pulling from the lows. If that goes, 0.95 area looks stronger and might be backed by SNB. 0.97 - 0.975 is the initial resistance. 0.98 - 0.985 is another one.
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Friday 13th

Hello traders,
Yesterday EUR/USD made a big reboung of more than 100 pips from its bottom (1.0694 - 1.083). Nevertheless there is still some risk for downside movement but it will be a correction in my point of view because there are a lot of clues for reaching a bullish momentum. The December interest rate hike of Fed is a question not "If" but how big will it be? 0.1, 0.25 or even more? The present market already has absorbed the potential rate hike so the only way for now is up with a stop at…
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Effect Draghi

I think we are preparing an effect Dragons. This evening the President of the ECB Mario Draghi will speak. It seems that he has done almost always positive interventions for the euro with words very encouraging and optimistic.
Some positive data could push further this positivià, so it could be that there is a substantial boost the euro.
My opinion, however, is that it can be a flash in the pan and that is that after a while it deflates. I hypothesize that the euro should fall even enough, espec…
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Bears on the Euro!!

The Euro is in big trouble. Greece defaulting on its IMF payments is a bad sign.
the charts tell the whole story.
Macd has been under zero for months.
we had a pullback to 1.14, but it is looking like the bears are out.
If the euro goes below 1.0800 on the eurusd, then 1.0500 is next. Then parity.
That parity figure looks very attractive right now.
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Exiting day yesterday - Unexpected Euro strength

I lost just about all my profit yesterday
I was up around +240K at some point, and today I started about break-even at +5K
Yesterday was a huge battle for me - I was at it all day,
I kept believing Eur strength would fade, and was selling Eur/Usd and Gbp/Usd,
only to find that the dollar had weakened
usd/Jpy gave back all its profits from post-NFP and looked in trouble
Apparently, traders that were long were getting cold feet, and were pulling out
It didn't stop me trying to buy dips, and losing…
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Buying the euro

Morning all, i have started buying the euro everywhere i can get it. I have placed 3 trades all in the favour of the euro. Long on EURUSD, EURJPY and short on the USDCHF since it does the exact opposite with the EURUSD. i am also looking at the EURUSD closing the gap that was formed over the weekend.
Right now i am in the green..
After ranging for so long i am hoping it will rocket sky high.
The odds look good, but this is the forex market and anything can happen, so i am very cautious, price ca…
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