EUR/USD June 19th

The pair is trading @ 1.3913; yesterday it went up to 1.4000 area; and down to 1.3870; from that point, it went up again to 1.3940...where it start that day...I think that we have an important support @ 1.3890 area; if that support will be broken the pair should easily broke also 1.3870: yesterday low;right now the pair is over the EMA and is trading in the up band of bollinger; RSI 53, stochastic is bearish... is it is really important that the rate cross 1.3890 area soon, or again we will have no indications;

here are some support and resistance:

R3 1.4192; R2 1.4062; R1 1.3995; S1 1.3865; S2 1.3802; S3 1.3672

No trading plan,I will wait for better confirmation or for a trend;

have a good day

:D

EUR/USD June 18th

The pair is trading @ 1.3965; yesterday it went down to 1.3820 area, and then up to 1.3980 area; during the night there was a small retracement, but now it is checking 1.3980 again; It is a difficult market...anyway the pair looks Bullish and if 1.4000 area will be tested and broke, I would say the pair will fly to 1.43 maybe today; considering H4 chart, the EMA have been crossed; RSI is @ 55, so enough space to support the rate up; the stochastic is also in bullish formation; or probably this is just a strange retracement and the pair will follow down; after all we are seeing lower high and lower low...

for today I do not have a trading plan; I Will wait a less difficult market;

have a good day

:D

EUR/USD June 17th

The pair is trading @ 1.3904; yesterday it went up from 1.3747 to 1.3933; considering Friday downside movement, yesterday we had a retracement of exactly 50%; in the H4 chart we are still in the lower bollinger band; and we are trading at a crucial level; 1.3920 represent the mid of the bollinger band; we are below the exponential moving average; RSI is at 48, the stochastic is indifferent;I think the pair should finally move down; so I will consider an area of neutrality: 1.3891-1.3973; My idea is to short below 1.3891, or to buy over 1.3973, depend on your sentiment; I am still bearish and I will following shorting the market;

here are some support and resistance:

R3 1.4233; R2 1.4047; R1 1.3976; S1 1.3790; S2 1.3675; S3 1.3489;

may trading plan:

my sentiment is short;

I will sell 2x units now @ 1.3896;

stop loss @ 1.3980 (so clearly few pips over 1.3973-76)

target 1.37 area and 1.3400 in a longer period;

have a good trading day

:D

EUR/USD June 16th

The pair is trading @ 1.3852; yesterday it went down from 1.4000 area to 1.3740 area; it is a movement of 240 pips; during the night than it recover some 100 pips; or or 23% if we consider this movement started at 1.4100; the 4H chart shows the RSI @38; si bearish and the stochastic in up movement; the rate is trading in the lower bollinger band; NOW, I think the bear is back; a first resistance is @ 1.3870 area and a stronger one is @ 1.4000-1.4020 area; on the other side we have a support @ 1.3730 area and @ 1.3600 area; so if the bear will disappear may be painful;

here are some support and resistance:

R3 1.4384; R2 1.4124; R1 1.3988; S1 1.3728; R2 1.3604; R3 1.3344.

my trading plan:

I will sell 2x unit now @1.3857;

sop loss 1.3900;

target 1.37 area and lower for the second unit;

have a good trading day

:D

EUR/USD June 15th

The pair is trading @ 1.3893; last Friday high was 1.4120 area and low was 1.3930 area; so Friday lower has been passed; the target now should be 1.3850; I do not think today news are going to change the rate; on 4 hour chart the RSI is @ 37; stochastic is bearish; the rate is on the lower band of bollinger; so should go to test one of the support; right now I see the area 1.3863-1.3800 as a good support;

to be clear today is the day where the pair may start a bearish movement; but is this will not happen the target should be: testing 1.43 area; but if 1.3800 will be passed it should test 1.3700 area;

here are some support and resistance:

R3 1.4361; R2 1.4171; R1 1.4032; S1 1.3842; S2 1.3791; S3 1.3601;

here is my trading plan:

I will buy 2x units right now @ 1.3893;

stop loss 1.3842; (it is only 51 pips x2)

target 1.4100; and 1.4200

have a good trading day

:D