FX Traders Blog - Page 2 of 10

EURUSD: Price Falls Again At The 1.1745 Level. Wed 01-08-2018

On July 31, 2018July 31, 2018 By beanfxtrader

Performance for the Day The EURUSD pair falls again today at the 1.1745 level as news that U.S and China may resume trade talk hit the wires. Today will make the fourth time in two weeks that price tested the 1.1745 area and fell. The 1.1745 ceiling is now becoming […]

EURUSD: 1.1745 Strong Resistance Level In Sight. Tue 31-07-2018

On July 30, 2018July 31, 2018 By beanfxtrader

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 […]

EURUSD: Preparing to Retest 1.1745 Area. Mon 30-07-2018

On July 27, 2018July 27, 2018 By beanfxtrader

Performance for the Day The EURUSD pair is preparing to retest the 1.1745 area again as U.S GDP figures failed to boost the U.S dollar. Price is currently hovering at the 1.1658 area just below the 4 hr 200 moving average area. The common currency rose for about 30 pips […]

EURUSD: Another Fall At The 1.1745 Area. Fri 27-07-2018

On July 26, 2018July 27, 2018 By beanfxtrader

Performance for the Day The EURUSD pair had yet another fall today at the 1.1745 area as ECB President Draghi reiterated that rate will remain low until September 2019. Today will make it the third time in two weeks that price tested the 1.1745 area and failed. The common currency […]

EURUSD: Bullish Breakout Is Very Likely. Thur 26-07-2018

On July 25, 2018July 25, 2018 By beanfxtrader

Performance for the Day A bullish breakout is now very likely for the EURUSD pair as rovers above the 4hr 200 moving average in the last three sessions. The common currency pair received some boost as market anticipates a positive outcome from the meeting between Trump and Juncker on Trade […]

EURUSD: Breakout Looms As Volatility Drops. Wed 25-07-2018

On July 24, 2018July 24, 2018 By beanfxtrader

Performance for the Day The EURUSD price is expected to breakout of its current range anytime soon as the currency pair volatility drops. The common currency pair was unable to close below the 4hr 200 period moving average today as expected indicating that bearish pressure is growing weaker. However, the […]

EURUSD: 1.1678 In Sight As Range Continues. Tue 24-07-2018

On July 23, 2018July 24, 2018 By beanfxtrader

The EURUSD price dipped today from the descending trend line and the 1.1678 is currently in sight as price consolidation continues. Due to lack of catalyst, the common currency pair was able to slide for about 40 pips from the 1.1745 range high. However, the 4hr 200 period moving average […]

EURUSD: US Dollar Weakens Further To 94.46 Area. Mon 23-07-2018

On July 20, 2018July 20, 2018 By beanfxtrader

The EURUSD pair received more boost today as the U.S Dollar weakens further to the 94.46 area. The bullish jump of the common currency pair in the last two sessions is triggered mostly by anti-Strong-Dollar rhetorics from U.S President Donald Trump. The common currency pair made a 90-pip jump today […]

EURUSD: Trump Remarks Weakens The Dollar! Fri 20-07-2018

On July 19, 2018 By beanfxtrader

Performance for the Day The EURUSD pair received a boost in the last three hours after U.S President Donald Trump remarks weakens the dollar. The common currency pair made a 70-pip jump after Trump commented that U.S dollar is too strong. However, price quickly tested the 4hr 200 moving average […]

EURUSD: Bounced At The 1.1601 Area. Thur 19-07-2018

On July 18, 2018July 18, 2018 By beanfxtrader

Performance for the Day The EURUSD bounced at the 1.1601 area today as the greenback weakens across board due negative US Housing Starts data. The common currency pair is now consolidating in a 1.1790 – 1.1601 range. However, the 4hr 200 period moving average still remain the pivot point for […]