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Daily Strategy - Dynamic day is expecting due to fundamental events
Category: Forex Forecasts & Signals
Posted by on February 21, 2018 at 01:38 AM
EURUSD (1.2327)
Trend: Neutral
Support/Resistance: 1.2270 - 1.2390
Today is a rich day of fundamental events from Europe and United States. The most important event comes in the morning at 8:00 AM GMT Non-monetary policy's ECB meeting. The rest important events are 30 minutes and one hour later like Germany and EU Markit Services PMI, Markit Manufacturing PMI, Markit Services PMI and Markit PMI Composite. From United States expects Existing Home Sales and key FOMC Minutes at 14:00 Eastern Time.
These events will move the market today. The expectations are for dynamic day with movements into both directions. trading strategy today is to open short position in the morning European session and probably the end of downtrend later during the day with chances for Euro recovery.

Daily Strategy - Temporary recovery of the dollar against the Euro
Category: Forex Forecasts & Signals
Posted by on February 20, 2018 at 01:36 AM
EURUSD (1.2383)
Trend: Neutral/Downward
Support/Resistance: 1.2320 - 1.2495
After the rest day in United States the new week started with less economic events in United States. The key events today come from Germany and EU at 10:00 AM GMT Germany ZEW Survey - Current Situation, ZEW Survey - Economic Sentiment and EU ZEW Survey - Economic Sentiment.
The Dollar made about 150 pips recovery against the Euro in the last two days. But it is time for neutral direction for now. trading strategy today is to trade into neutral direction and with chance to open short position. The recovery of the Dollar may continue one or few days more but as overall the Dollar losses against the Euro will continue in mid and long-term period.

Daily Strategy - Follow the trend in EURUSD trading
Category: Forex Forecasts & Signals
Posted by on February 16, 2018 at 01:42 AM
EURUSD (1.2542)
Trend: Neutral/Upward
Support/Resistance: 1.2390 - 1.2580
The last day of this dynamic and full of fundamental events week will release another events like: Housing Starts and Building Permits at 8:30 AM ET, Import Prices ex-oil, Export Prices ex-ag. and Michigan Consumer Sentiment - Prelim.
These events probably will not change the current trend of EURUSD into upward direction. trading strategy for today is to keep your long positions or buy again at levels below 1.2510 with target close to the current resistance at 1.2580.

Daily Strategy - The dollar may lose again today
Category: Forex Forecasts & Signals
Posted by on February 15, 2018 at 01:39 AM
EURUSD (1.2461)
Trend: Neutral/Upward
Support/Resistance: 1.2330 - 1.2490
The dollar recovery against the Euro for a short time after yesterday reports for CPI and Retail Sales.
But it was temporary and the dollar losses continue few hours after the key U.S. data. For today the key events are at 8:30 AM Eastern Time is Initial Claims, Continuing Claims, PPI, Core PPI, Empire Manufacturing and Philadelphia Fed. Later at 9:15 AM ET expects Industrial Production and Capacity Utilization.
The fundamental events from United States may push the dollar losses higher. trading strategy today is to continue with long EURUSD position or open long at any correction down. We expect to see levels close or above the key resistance at 1.2490.

Daily Strategy - Important events will move EURUSD at 1.24 and above
Category: Forex Forecasts & Signals
Posted by on February 14, 2018 at 01:38 AM
EURUSD (1.2379)
Trend: Neutral/Upward
Support/Resistance: 1.2285 - 1.2400
For today the most important events come from Euro Zone and Germany. These events are Germany, Euro Zone GDP, Euro Zone Industrial Production at 10:00 AM GMT.
In United States pay attention to Retail Sales, CPI at 13:30 GMT. It is possible to see higher inflation in United States.
During the morning European session it is possible slowly recovery of the dollar but as overall we expect upward movements. trading strategy today is to open long position at any dip correction and test of 1.2400. There is strong resistance at 1.2400 but today or in the next few days the test above 1.2400 is sure.

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