EUR/USD June 26th

The pair is trading @ 1.4034; it went down to 1.3890 area and than up to 1.4060; looks like a small correction is needed and than an up move should happen; should...because it may be possible it goes down to 1.39 again...it's 2 weeks now that the rate range between 1.38 and 1.42; My consideration is that so far we had a lot of occasion and news to support a bearish movement to 1.37 area or 1.33, but the rate never went so low, and every time it went down to 1.38 area it moved violently up; so I think that a long time bullish scenario is still on. 1.4700 may be the right target;

we have support @ 1.3970 and @ 1.3890;

we have resistance @1.4100-1.4130 area if this will be broken we may see a violent up move;

may trading plan:

I would accumulate some long position close to 1.4000

stop loss in 100 pips;

target 1.43 and 1.47

have a nice trading day

:D

EUR/USD June 25th

The pair is trading @ 1.3981; yesterday it went up to 1.4120 area from 1.3850 area; and than a correction of around 50% happened right now the rate crossed the EMA in the bullish direction and is trading in the upper bollinger band; the rate is still ranging but probably higher than so far; probably starting from today the range will be 1.4000-1.4200; we have few news today that may contribute to fix the new range, but I do not expect that the ranging period is over;

here are some support and resistance:

R3 1.4524; R2 1.4254; R1 1.4117; S1 1.3847; S2 1.3714; S3 1.3444

may trading plan:

sell @ 1.4100-1.4150 area;

stop loss 100 pips (depend on the level of the sale and on market development)

take profit around 1.4000;

or in case the rate goes back @ 1.3850 area:

buy @ 1.3900 area and take profit @ 1.4000 area

stop loss again 100 pips or better (depend on buy level and market development)

have a good trading day

:D

EUR/USD June 24th

The pair is trading @1.4120; yesterday after a test at area 1.3840, failing do break it went up to 1.4100 area; a strong resistance is @ 1.4220 area; as support I see the area 1.3975-14000; for sure yesterday movement mean that the market is expecting a continuation of the Federal Reserve quantitative easing; a decision in that direction my move the rate to test 1.4330 area; a surprise may move it down to 1.3850 area again, or lower; there should be a lot of volatility; I am expecting the rate to follow up untill it will be clear what is the Federal reserve decision; most probably the bull is back; RSI is bullish; stochastic is bullish; pair trading over the EMA and in the upper bollinger band;

here some support and resistance:

R3 1.4587; R2 1.4307; R1 1.4213; S1 1.3933; S2 1.3747; S3 1.3467

my trading plan:

buy 2x units @ 1.4114(now)

stop loss 1.3933;

target 1.4220 or 1.4300 and over (follow today news)

have a good trading day

:D

EUR/USD June 22nd

The pair is trading @ 1.3862; last Friday after being two times @ 1.3880 area, it went up to 1.4000 area; today was started in a bearish direction and right now it is trading around 80 pips lower than last Friday closing; we are trading in the lower bollinger band; RSI is @ 43; stochastic bearish; I think 1.3840 represent a good support and breaking it would open a bearish scenario that should lead the rate to 1.3700 area; failing 1.3840 area would probably bring the pair up to 1.4000;

here are some support and resistance:

R3 1.4154; R2 1.4034; R1 1.3948; S1 1.3828; S2 1.3794; S3 1.3674;

My trading plan:

I would sell 2x units, and try to wait for 1.3828:below 1.3828 a bearish scenario should be on;

stop loss 1.3973;

target 1.37 area;

have a good trading day

:D