EUR/USD lost the uptrend support that characterized its trading for over a month. This trendline was successfully tested around the Non-Farm Payrolls. But now, the Euro ran out of fuel. We’re still awaiting a full confirmation. Update. Euro bears enjoyed thin volume. American banks are on holiday to due to Columbus Day. The economic calendar isn’t crowded, and trading volume is low. After having a strong start to the week around 1.40, EUR/USD descended during the day and was trading around 1.3950. At the late hours of the European session, it made a sharper move down. At first, uptrend support held it above 1.39, but it’s now broken – EUR/USD trades at 1.3865, 40 pips below the uptrend support that is currently at 1.3905. The move is significant but not very strong – we’ll still need to wait and see a full confirmation of the break. This post will be updated if necessary. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next AUD/USD Parity, Possible Euro Turnaround and Exciting British Week Yohay Elam 12 years EUR/USD lost the uptrend support that characterized its trading for over a month. This trendline was successfully tested around the Non-Farm Payrolls. But now, the Euro ran out of fuel. We're still awaiting a full confirmation. Update. Euro bears enjoyed thin volume. American banks are on holiday to due to Columbus Day. The economic calendar isn't crowded, and trading volume is low. After having a strong start to the week around 1.40, EUR/USD descended during the day and was trading around 1.3950. At the late hours of the European session, it made a sharper move down. At first, uptrend support… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
