EUR/USD Analysis
EURUSD rallied two big figures Friday based on expectations of agreement for the new Greece debt financing package. The real reason in my opinion was just some short squeeze before the weekend. This is one of the most favorite tricks of the large forex market participants. They don’t care about Greece or EZ. They just want other people’s money. Euro starts the new week on a soft note. It is obvious that no one can save Greece from default and there is no reason to hold long...
Read MoreEUR/USD Forex Trades
On this chart you can see my last two trades in EURUSD. First one was a STE at 50 EMA and was stopped for 5 pips loss. Second one was STE at 200 EMA but it is profitable so far. Firts and second part of the position were closed for 5 and 6 pips profit respectively and the third part is left with 5 pips stop and has 11 pips floating profit as I write. Let’s see what will happen next. The target is 25...
Read MoreEUR/USD
Despite the news that Greece has the lowest credit rating in the world, the Euro managed to rally against the USD. Obviously the market participants know very well that Greece will default on its debt obligations and old news is no news. range trading is expected ahead.Support is at 1.4305, 1.4205, 1.4065. Resistance is at 1.4450, 1.4555, 1.4695, 1.4750,...
Read MoreEURUSD STE off 20 EMA
STE off 20 EMA. 1st part closed at +6p, 2nd at +10.5p. Last part left with stop at -6p.
Read MoreEUR/USD
EUR/USD lost another two big figures last Friday. Greece debt problems are still weighing on the Euro.
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