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The EURUSD made new six month lows today, in a thin trading day but managed to rebound at the 1.2630 level. The bearish momentum is still in tact as political uncertainties in Italy place clouds above the common currency, stay short as long as the pair is trading below the 100 hour moving average.
Keep calm and trade responsibly...

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EURUSD keeps the positive tone

futures Posted 24 May in #Trader's blog #EUR #USD #Eurusd

EURUSD keeps the positive tone and today with the pair making an attempt to break above the 50 day moving average which will give the upper hand to bulls at least for the short term. On the downside a break below the 1.17 level will scary buyers away and it is possible to test the support at 1.1660 On the macroeconomic front German Gross Domestic Product (GDP) matched analysts estimates at 0.3% for the first quarter of 2018, a figure that definitely can not inspire the buyers.
Keep calm and trad…

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GBPUSD long term bearish

futures Posted 6 May in #Trader's blog

The pair broke below the 200 day MA turning the longer term momentum to bearish. I will sell the rebounds, and i will not try to catch the rebound. On the upside, the 1.3600 level continue to be the first hurdle and is followed by resistance near the 1.3630 region, above which a short-covering might continue to lift the pair further towards reclaiming the 1.3700 handle. The 10th of May will provide a rate announcement for the GBP. However, there is virtually no chance of a rate hike so any rebou…

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EURUSD HITS 6 MONTH LOWS

EURUSD keeps the positive tone

GBPUSD long term bearish