Once again we got rejected having a meaningful break of 1.1400.
So once again we´re heading towards the lower end of the trend, so place BUY orders around 1.1370/75.. stop 1.1350
Buyers are in control. We have tested the 38.2% Fib resistance around 1.1370 multiple times now, and it will break eventually.
Buyers may need a tiny breather down to the lower end of the rising channel before that happens.
A good swing trade will be to buy around the lower end of the channel, OR wait for the break of 1.1370 and buy when we retest that...
Buyers have taken control, and comfortably pushed the price above the falling trend.
For now, we´re trading close to 61.8% Fibonacci resistance @ 1.1341. That level corresponds with DXY support @96.62/64.
So you should expect EURUSD to react down from the 1.1340 level. (only for gathering moment for the next push up, where Im gonna get long again)
FX:EURUSD
I´m buying EURUSD around 1.1288. I have open buy orders @ 1.1275 and 1.1265 -> close to major chart support.
Have a look at US Dollar Index (DXY) link published earlier today.
FX:EURUSD
TIme to have a look at the DXY, and we´re now trading close to significant resistance.
61,8% Fib comes in @ 97.83 (16´High - 18´Low), and we´re currently trading @ 96,80 - about 1% from 61.8%.
By breaking that level down in to the constituents of the DXY, we´re getting close to major chart support/resistance ( EUR/USD, USD/JPY +++ ),
and my experience tells me...
I´m buying around 1.1295 - SL 1.1270 and target 1.1345/50
Sellers are still in total control. So this one, as well as the other (short term) long EURUSD from last week is what i call more aggressive rubberband strategy.
FX:EURUSD
Seller have dominated recent trading days, and I´m waiting for the last push down. Its impossible knowing exactly where to buy. However I´m more confident about the timing, and we´re here now. Also have a look at DXY - now trading close to 38.2% resistance @ 96.70
So buy around here, 1.1320/30 - stops at @ 1.1290
FX:EURUSD
Currently trading @ MA200 support. That support should hold for now, however indicators are negative and we should trade towards 38.2% Fibonacci going forward. So sell USD on rallies.
TVC:DXY
We´re trading at channel resistance, and the bulls needs a breather for the next move ( up ).
DXY is trading @ MA200 support, and it should hold for now.
FX:EURUSD
FX:EURUSD
We´re gathering momentum for the next move up. I´m already long ( see the idea from last week ), but if you´re looking for a short term trade,
buy around here @ 1,1430 - s/l @ 1,1400 - target 1,1490/95
FX:EURUSD FX_IDC:USDCNY
Food for thought; A stronger USD/CNY -> weaker EUR/USD
We are currently seeing weaker USD/CNY and a stronger EUR/USD
When/if the US-China reaches a trade-deal, I will buy the hell out of EUR/USD. Thats a no brainer
TVC:UKOIL
What we got here is a pretty good setup for buying on weakness going forward.
I´ve set the fibonacci´s from the lows in January 16´, to the recent highs in October 18´. We´ve already bounced back quite a bit from the 61,8% level around the $50 mark, and we´re now getting closer to a significant resistance @ 38,2% Fib around $64.
If we see the price...
