Currency Trading, one pip at a time.
Posts tagged as:
We all knew it was coming, just not when. It definitely took a while, but the Euro short squeeze made its debut during the Friday European session. After reaching the 1.3570s, the pair snapped back to the 1.3720s. The claim is that an Irish rescue rumor started by some think-tank created the chaos. While the [...]
{ 0 comments }
The Euro-US Dollar is between a rock and hard place right now. Respecting the charts will be important. First, I’ll start with my failure to respect the charts during the Wednesday morning trading. The hourly chart above tells a story. The EURUSD was coming from a prolonged downtrend and started to challenge a major support [...]
{ 0 comments }
The EURUSD [Euro-Dollar] bearish tape is playing out. We’ll take a look at the daily chart to see what has been happening. The first “bearish/over-extended” warning sign in the daily chart was the Bollinger Band breach. The pair had a candle trade completely above the band, which is extremely unusual. You can look back at [...]
{ 1 comment }
In today’s FX Alerts, I talk about the key levels to watch for in the Euro Dollar (EURUSD), Cable (GBPUSD), and Aussie Dollar (AUDUSD). As the week ends, it becomes more important where these pairs end up. For the EURO, staying above or below the 1.3900 level will be the game changer. A close below [...]
{ 0 comments }
With the Federal Reserve on vacation, China decided to step in and throw the rescue gear for the U.S. Dollar. In an effort to curb inflation and real estate prices, the Chinese raised interest rates by some 25 basis points and indirectly boosted the US dollar. In today’s FX Alerts, I focus on the EURUSD, [...]
{ 0 comments }
