EUR is building a staircase slowly to the 1.3800 level. The pair completely ignores the fundamental data which is not in favor of the EUR. M30,H1,H4 and Daily indicators are extremely bullish, they even do not show any sign of any correction in near future. The market players continue to inflate the bubble, and the oficials continue to say there is no bubble. The last thing which may change the picture is consumer spending this Thursday.So we have to watch this with a great interest. Until…Continue
EUR reached 1.3720 with today's open, however the EUR is too overestimated and i doubt the price to stay longer above 1.3700 level. As long as the price is above 1.3670 further upside is possible, but i expect a deeper correction once below 1.3670 - at least to 1.3615. Weekly,Daily and H4 indicators are pointing to the upside while H1 entered in a correction mode.
GOLD has stopped above 1220 and below 1230 after Fridays sideways move between 1212 and 1242, we have a small body candle…Continue
It was a volatile Thursday yesterday as the EUR/USD dropped to 1.3540 and then reversed to 1.3675 following the mr.Draghi's optimistic speech. Currently the pair is consolidating at the top, preforming small correction moves. Today's support is at 1.3620-30, then 1.3580 and 1.3560. They are too close and won't be broken by Friday's profit taking. To break them we need a lot better than expected and also than previous NFP, something in which i really doubt. We have a 'flag' to the upside but…Continue
EUR has made another test of support area 1.3530 and it capped the downside once again. The area was bulls protected and the price quickly returned back to the resistance 1.3590. This morning that resistance was broken and the next 1.3640 has been reached. In fact i was expecting this to happen yesterday, but the market prefered to test the support once again before going to the upside. For today the last resistance is 1.3695 if we break there we shall exit the Ichimoku cloud again, but if…Continue