Category: EUR/USD Daily

EURUSD Prints Price Action BUY Signal on 4 Hour Chart



eurusd price action signal

I’ve been making a better effort to check what’s been going on the 4 hour time frame in these faster paced markets. The EURUSD downward trend seems to have lost some momentum and we are seeing price really ‘jam up’ and congest above a daily support level. The EURUSD was basically in ‘freefall’ for a while there, but now we’re starting to see a lot more thicker bullish bodies in the daily candles as this market attempts to recover.

The EURUSD 4 hour chart produced a large ‘thick bodied’ bullish rejection candle / pin bar reversal, signalling that higher prices are likely to develop. I always try to line up 4 hour setups off important daily levels to help increase the probabilities of the trade working out. A retracement entry has already been offered on this setup, let’s see how this one plays out to finished off this week’s trading.

EUR/USD Oct. 23 – Bouncing from the lows on German optimism

EUR/USD Oct. 23 – Bouncing from the lows on German optimism

EUR/USD is bouncing from low ground on stronger than expected German PMIs, after falling earlier on weak French PMIs and extending the slide resulting in a resurgence of the greenback. Can this recovery continue? In the US, we have jobless claims, which hit a 14 year high last month, as well as Markit’s manufacturing PMI. Here’s a

EUR/USD Oct. 22 – Loses 1.27 on ECB speculation ahead of US CPI

EUR/USD Oct. 22 – Loses 1.27 on ECB speculation ahead of US CPI

EUR/USD is under pressure and is trading under the 1.27 handle, as speculation about the ECB buying corporate bonds mounts. While there is no decision on the matter, it is clear that Draghi and co. are looking for ways to print more euros. In addition, the pair is pressured by a strengthening dollar, one week ahead of

EUR/USD Oct. 21 – Hits high resistance as dollar sells off

EUR/USD Oct. 21 – Hits high resistance as dollar sells off

EUR/USD is trading on high ground above 1.28 and below the top resistance line of 1.2850. The pair is mostly moving on weakness in the US dollar, which continues to slide despite some hawkish comments from members of the Fed. US data begins coming today with existing home sales. In Europe, the same old worries about growth

Why We Remain Euro Bears; Risk & JPY Next Move – CIBC

Why We Remain Euro Bears; Risk & JPY Next Move – CIBC

EUR/USD had two weeks of rises, in a high volatility environment. Can it continue rising? The team at CIBC remains bearish on the euro. They also offer their opinions on risk and the Japanese yen. Here is their view, courtesy of eFXnews: The following are the weekly outlooks for the EUR and JPY as provided by

EURUSD Higher Highs and Trading Above W1 Support – Looking to Buy

EURUSD Higher Highs and Trading Above W1 Support – Looking to Buy

EURUSD has suffered quite heavy losses in the last few trading months – thanks to the strength gained in the USD. We all know that these trends don’t last forever and the markets can shift from bearish to bullish sentiments overnight. The EURUSD downtrend looks like as it has run out of steam as the

EUR/USD Oct. 16 – Sliding after the mad shoot higher

EUR/USD Oct. 16 – Sliding after the mad shoot higher

EUR/USD is trading in the high range of 1.2750 to 1.28 after an extreme market storm. The weak US retail sales sparked a dollar and stock sell off, sending euro/dollar 200 pips higher before sliding 100 pips and stabilizing only after a long time. The blessed volatility provides opportunities and also risks. Will we see another storm today?

EUR/USD Oct. 15 – About to get busy in the lower range

EUR/USD Oct. 15 – About to get busy in the lower range

EUR/USD is trading in a limited range just under resistance at 1.2660, despite a lot going on in the markets. It managed to stabilize after the falls seen yesterday. Fears of a German recession worsened with yesterday’s data and forecast downgrade. In his first speech today, Draghi did not talk about monetary policy but he speaks

EUR/USD Oct. 14 – Sits on higher ground as German strength is tested

EUR/USD Oct. 14 – Sits on higher ground as German strength is tested

EUR/USD is trading on high ground above 1.27, riding on a fresh wave of dollar weakness. The rout in stock markets is boosting the yen but not the greenback in this round. The euro manages to ignore worries coming from all over the world about the euro-zone economic situation. A slip into recession seems imminent. Here’s

EUR/USD forecasts cut by Goldman Sachs

EUR/USD forecasts cut by Goldman Sachs

Fears of German recession are not the only reason behind lower forecasts for EUR/USD. The team at Goldman Sachs lists several reasons why euro/dollar should further fall and update their 3, 6 and 12 month forecasts to the downside. Here is their view, courtesy of eFXnews: Goldman Sachs cuts its EUR/USD forecast and now expects