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TitleEURUSD H4 | Bullish reversal from38.2% Fibo TypeBullish Bounce Preference:Price is approaching our pivot point of 1.09802 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.10736. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.09242.. To discuss this trading […]
EURUSD, “Euro vs US Dollar” The currency pair formed a consolidation range around 1.1015, escaped it upwards, and reached the local target at 1.1065. Then a link of decline to 1.1015 is expected (a test from above). Then a new structure of growth to 1.1095 could follow, from where the wave could continue to 1.1120. […]
Retail Heavily Short EURAUD Looking across the skew in retail trading sentiment today, EURAUD stands out as a good candidate for long opportunities. The retail market is holding a large, roughly 90% short in the pair. EUR has been on a tear higher this week in response to hawkish comments from a group of ECB […]
US and European stock indices are on a slippery slope, the Dollar index found enough buyers to rebound from 101 level after the dip on Monday. The selling catalyst was disappointing report from the Dallas Fed regarding activity in US manufacturing sector. The corresponding index dropped to -23.4 points missing the forecast of -14.6 points. […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In these circumstances, a downward breakout of 2/8 (0.6652) can be expected, followed by a decline to the support at 1/8 (0.6622). The scenario can […]
EURUSD on Tuesday remains strong. The current quote is 1.1030. Last night, the market was so thin that a single sparkle was enough to cause noticeable fluctuations. This is exactly what happened. The American First Republic Bank reported a serious decline in the number of deposits in Q1 and a plan to cut down on […]