I was trying to build a short position in EUR/USD and judging by yesterday’s price action, I wasn’t alone. Thankfully I got out at break-even and I’m leaving this […]
Hard to find any clear signals at the moment but I remain bearish on EUR crosses
- 1.3500 in EUR/USD looks like it might be a key level, if that breaks then look for a sell-rally strategy in EUR pair of your choice;
- EUR/GBP is heading lower […]
EUR/USD: Feels like 1.3500 could be critical for all EUR pairs
- Solid technical support held yesterday at 1.3510/15 but the bounce has been fairly timid so far;
- EUR/JPY neckline support held near 140.40 but a break below will lead to heavy […]
EUR testing important support levels
- EUR/USD is testing trend-line and 61.8% support at 1.3510/15; a clean break would indicate increased momentum.
- EUR/JPY is testing support near 140.40, a clean break would suggest a topping formation […]
Quiet start to interbank trading week
- EUR crosses made more significant losses on Friday and I continue to play the EUR with a bearish bias;
- The break and close below 1.3550 in EUR/USD will turn short-term […]
EUR/USD: Short side favoured as crosses look bearish
- EUR/AUD is back at longer term median levels near 1.55 (although the daily up-trend remains in place);
- EUR/GBP is headed back sub-.80 in coming months (imho of course);
- EUR/JPY as mentioned […]
EUR/USD: Look for more slow range trading with focus on crosses
- PB source suggests that there are strong bids near 1.3600 and heavy offers above 1.3690;
- EUR/USD has been trading sideways for years and range trading is it’s default mode until […]
EUR/JPY; trade idea for the bears
- If you are bearish EUR/JPY and anticipating a developing topping pattern;
- Sell as close to 142.80 as possible with a stop above 143.30;
- Cover near 141.00 and play the 141/143 consolidation […]
EUR crosses: Still significant optionality at .8250 in EUR/GBP
- This level in EUR/GBP is likely to be tested in coming sessions (PB);
- EUR/AUD- developing double-top pattern with neckline at 1.5290;
- EUR/USD flows- big banks and prime brokers still report significant […]
2014 predictions: EUR/USD- stay in range trading mode
- The EUR is always just one headline away from a big sell-off;
- EUR/USD has been trading sideways over the last 5 years and this trend is likely to continue;
- The EUR […]
Out with the old, in with the new
The FX market has stayed quiet and overall turnover is very low. The last day of 2013 is unlikely to be a busy one.
- Cable is trading steadily above 1.65 […]
EUR/GBP ready to make move towards .80 and below
- Since breaking above 1.6250, cable has been unable to break back below (apart from one minor stop-loss binge);
- All data emanating from the UK economy has been very strong in […]
EUR makes gains across the board as progress made on bank-plan
- Reuters reported that the EZ is making significant progress in coming up with a plan to tackle ailing banks;
- EUR/USD consolidated it’s steady gains of recent days and is still […]
EUR/CHF: Large barrier protection ahead of 1.2200
By the way, if you want more regular information on flows and orders then be sure to follow Milan on Twitter.
EUR/USD: As always it’s a matter of finding the 200-pip range (1.3575/1.3775)
- The EUR looks quite strong on the crosses with EUR/AUD consolidating gains and EUR/GBP rebounding sharply;
- The break above 1.3625 reinforces the medium-term bullish outlook for EUR/USD;
- Nevertheless, this pair has […]
GBP and EUR having a short vacation
- Very little movement in either overnight;
- I’ve reduced my long position in GBP/USD as the short-term signals feel slightly bearish to me;
- EUR/JPY rejected 140 pretty unequivocally and this cross could […]
Might be a good time to book some profits on EUR/AUD, GBP/NZD etc
- Despite a big technical break yesterday, GBP/NZD failed to consolidate these gains and will close back near 2.0000;
- As mentioned below, EUR/USD is threatening to form a significant top near […]
EUR/USD outlook November 25th: More gains likely
- Decent demand reported over the last few sessions and banks expect this to continue;
- End-of-month corporate demand and leveraged interest in EUR/AUD and EUR/JPY to the fore;
- Modest technical resistance near […]
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