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EUR/USD, GBP/USD Feb 15th
So, the start of the week is not the one I have expected. A bit too deep slide down for both Eur and Gbp, but bullish trend still holds. The levels to watch in Eur and Gbp are 1050 and 4355. Once broken, and it is another story. Anyway, London session will show the path. What concerns my positions, I am still holding my Gbp long and expect some turn around tomorrow on CPI news. In fact I should exit it, because it is in a danger zone and on verge of further slide down. But, I'll keep until it br…
EUR/USD, GBP/USD Feb 14th
Here is my views on Eur and Gbp against Usd. Anyway, I will watch the price action closely on Monday for any denials, but as far as it is, I expect bullish outcome. Gbp should rise to 47-4760 and Eur to 1460.
EUR/USD, GBP/USD Feb 13th
A bit mixed feelings about Friday's price movement. Use of tight stops helped to stay on track, but it was a disappointment to watch that downside movement in Eur/Usd. So, Eur did not manage to rise up and erased it gains against Usd by sliding down to 1220 level. All that was due to that selling pressure zone on Daily timeframe. But, the bullish trend on 1h, 4h timeframes still active and I expect some consolidation before it finally break the 1.14 level. If it back to 1.13 on Monday, there is …
EUR/USD, GBP/USD Feb 11
Gosh, this month is getting hot! Its the time when you can achieve tour YEARLY goal! I hope, you traders, are on the right side! Ok, Eur has hit my proposed target perfectly at 1376. And it is still bullish despite of growing selling pressure. I am not gonna post any chart today, because I have posted the targets on previous ones already. I expect Eur to take 1.14 hardle and mark the daily high somewhere in 1430-60 area tomorrow. Gbp? Unfortunately, I have got caught with that downside move. B…
EUR/USD, GBP/USD Feb 10
It was a wonderful US session. I hope traders made a lot of green pips! As it was expected Eur catched some resistance just a bit above daily 278ema and slew down in fashion back to 1170 level. But this level was bravely defended and it was back on bulish trend. Here is what I expect from tomorrow price action. As for GBP, it will mirror EUR move with upside target at 4600-4620
EUR/USD Feb 9th update
Eur had defended the 1040 level yesterday and brought the price to post-NFP highs. In fact, it has enterd the selling zone by posting new high at 1290+ today. The selling zone lays between 278ema and 1430 level and despite of still persisting bullish trend, things might turn around easily there. The best thing is to stay aside for day or two with fresh longs or to use very tight stops. Keep in mind, that this eur bullishness influences chf appreciation, what can bring another tornado from SNB t…
EUR/USD post NFP Feb 7th
Found my last chart for Eur/Usd I had posted on January 13th for comparison. We got to the key zone between 1180-1240. And now it is going to be the most interesting moment of the year. A denial of this zone and a movement below 1040 will trigger a huge pullback back to 0560 with an expectation of parity. Hard to say how fundamentals are going to work there, but technicals should definitely bring us there in case of scenario I have pointed above. Good luck!