Category: Trade Idea

Performance for the Day The EURUSD pair is currently struggling to recover from the fall at the 1.1500 area. Price broke the 4-month consolidation phase last week and fell sharply to the 1.1380 area due to Trade war between U.S and Turkey. However, the common currency pair price attempted a […]

Performance for the Day The EURUSD pair price did a strong breakout and price fell to a new year low at the 1.1387 area as the trade war between the U.S and Turkey escalates. The market price closed for the day at the 1.1408 area after price made a 130-pip […]

Performance for the Day The EURUSD pair price is now set for a possible bearish breakout at the 1.1507 area and U.S dollar jumps across board due to Fed Evans speech. As at the time of writing this post, price is at the 1.1520 area. The EURUSD Bears now appears to […]

Performance for the Day The EURUSD Bulls have now reset sights on the 1.1661 area where we have the 4hr 200 moving average resistance. As at the time of writing this post, price is currently hovering at the 1.1615 area. However, the common currency initially dropped to the 1.1570 area […]

Performance for the Day The immediate resistance to the current bullish run for the EURUSD pair price is at the 1.16250 area as DXY weakens and retreats further away from the year’s high at 95.50 area. The common currency pair did a 50-pip jump earlier today as U.S and China […]

Performance for the Day The EURUSD pair fell today to the 1.1528 area as trade war tension between the U.S and China escalates as the price closed lower for 5 straight days. The common currency price found support just 20 pips above the year’s low earlier today after falling for almost […]

Performance for the Day The Non-Farm Payroll jump by EURUSD pair price was halted at the 1.1610 area as NFP job numbers came at 157,000 below expectation. As trade tensions between U.S and China escalate, the pair may break the 1.1545 support very soon. The 4hr 200 moving average area […]

Performance for the Day Trade war between the U.S and China is currently dragging EURUSD pair price to July 19th low. The pair may break the 1.1574 support very soon if the Trade war tension continues. However, Bulls are now trying to make the pair price close above the 1.1600 […]

Performance for the Day The EURUSD pair is currently down at the 4hr 200 moving average area and the question is, will the FOMC minutes boost the currency pair? The common currency pair fell for about 30 pips today in continuation of yesterday’s drop from the 1.1745 ceiling. As at […]

Performance for the Day The 1.1745 strong resistance level is currently in sight for the EURUSD pair as U.S dollar weakens across board to the 94.29 area. Price is currently hovering at the 1.1710 area well above the 4 hr 200 moving average area. However, common currency rose for about […]