FX Trading News & Strategies from Australian Stock Report
The bias for the EURUSD is bearish. The shorter-term EMAs have crossed lower and are diverging, and the price action has extended away from the longer-term EMA filter, which is negative. The price action is also on the verge of breaking down below a key horizontal level which, if breached, could induce further [...]
The key region to watch at the moment with regard to the EURUSD is the 1.3200-40 region. This price region has previously acted as both support (October and November last year) and resistance (December last year). The region also represents the 38.2% Fibonacci retracement level from the late-October high to mid-January low. In order for [...]
Heading into the new trading week the bias remains neutral to bearish for the EUR/USD. A break below 1.3210 would ensure the current bearish momentum is maintained and could open up a pathway into 1.3140 initially, followed by 1.3040. As such, traders can consider on stop sell orders at 1.3190. Whilst the 17-nation currency will [...]
The bias for the EURUSD is bearish. The shorter-term EMAs are crossed lower and diverging and the price action is below the longer-term EMA filter, which is negative. Whilst we are bearish, we are mindful of the potential for extreme volatility heading into the weekend. As such, only aggressive traders should consider the following idea. [...]
After a strong move higher from the October lows which saw the EURUSD rally to 1.4200, the pair has rolled over sharply in the last two weeks. Over that time the shorter-term EMA have crossed lower, and the price action has slipped back below the longer-term EMA filter, which has turned negative once more. Before [...]
The EURUSD has fallen off a cliff since reaching a peak around 1.4550 in mid-August. The dramatic collapse has seen the short-term EMAs cross lower and the price action trade below the 125-day EMA long-term filter, which is negative. The pair has recently tried to push higher after hitting a 10-month low, forming a bearish [...]
The EURUSD is looking quite bullish. The shorter-term EMAs are crossed higher and the price action is above the longer-term EMA filter, which is positive. After retreating from nearly 1.500 in early May to a low just below 1.4000 in late May, the price action has turned higher and is currently trading around 1.4600. As [...]
EURUSD Trading Commentary: February 3
Whilst there is the possibility that the pullback phase is now in place, we would need to see some further follow through higher to confirm this. We note resistance through 1.3230-40, which needs to be cleared in order to maintain pressure to the topside. If 1.3230-40 is cleared, the next target region becomes 1.3430-40 initially, [...]