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Daily Market Analysis 28|01|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference: Enter a Sell position if price trades below 1.20561 with take profit at 1.20180. Bullish Preference: Buy position is envisaged if price trades above 1.21048 with a take profit 1.21682. Fundamentals:Advance GDP q/q  2:30pm USD Comment: The dollar gained massive strength yesterday after the federal reserve meeting where we saw Jerome Powell stating …

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Daily Market Analysis 22|12|2020: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.22317 with a take profit 1.22499. Bearish Preference: Enter a Sell position if price trades below 1.21996 with take profit at 1.21841. Fundamentals: 2:30 pm USD Final GDP q/q Comment:  The buck gained some strength yesterday and this is due to the passage of the $900 billion …

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Daily Market Analysis 26|11|2020: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19407 with a take profit 1.19557. Bearish Preference: Sell position is envisaged  if price trades below 1.19250 with take profit at 1.19100. Fundamentals:no major economic data with direct bearing to this pair. Comment: The dollar has seen significant rise in more unemployment claims, couple with a …

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Daily Market Analysis 05|10|2020: EURUSD

Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above 1.17351 with take profit at 1.17460. Alternative scenario: Sell position is envisaged if price trades below 1.17184 with take profit at 1.17077. Fundamentals:ISM Non-Manufacturing PMI (US) 3 PMEurogroup  Meetings (EUR) All-day Comment:  The dollar traded flat against major currencies last week as the return …

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Daily Market Analysis 30|09|2020: EURUSD

Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference:  Sell position is envisaged if price trades below 1.17243 with take profit at 1.16882. Alternative scenario: Buy position is envisaged if price trades above 1.17516 with take profit at key level 1.17790. Fundamentals:8:20am  EUR ECB President Lagarde Speaks Comment:  The dollar was up on Wednesday morning across board in Asia, with investors digesting …

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Daily Market Analysis 28|09|2020: EURUSD

Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference: SELL position is envisaged if price trades below 1.16108 with take profit at 1.15960 Alternative scenario: BUY position is envisaged if price trades above 1.16404 with take profit at 1.16689 Fundamentals:ECB President Lagarde Speaks (EUR) 2:45 PM Comment: The Greenback continued its recovery against major currencies last week  due to the rise in the …

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Daily Market Analysis 21|09|2020: EURUSD

Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference:  Sell position is envisaged if price trades below 1.18417 with take profit at 1.18132 Alternative scenario: Buy position is envisaged if price trades above 1.18738 with take profit at 1.18983 Fundamentals:Fed Chair Powell Speaks (US) 3 PM Comment:  Economic data from the Eurozone have shown a rebound in recent times but with …

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Daily Market Analysis 15|09|2020: EURUSD

Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference:  Sell position is envisaged if price trades above 1.18685 with take profit at key level 1.18421. Alternative scenario: Buy if price trades above 1.18881  with take profit at 1.19122. Fundamentals:No major economic data with bearing on the pair. Comment:  The Euro has seen significant gains after the passage of the Euro stimulus …

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Daily Market Analysis 14|09|2020: EURUSD

Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above 1.18598 with take profit at 1.18898 Alternative scenario: Sell position is envisaged if price trades below 1.18402 with take profit at 1.18153 Fundamentals:No major economic data with bearing on the pair. Comment:  The Fed position has been bearish for the dollar over a couple …

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Daily Market Analysis 10|09|2020: EURUSD

Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference:  Buy position is envisaged if price trades above key level at 1.18450 with take profit at 1.18900 Alternative scenario: Sell position is envisaged if price trades below 1.17500 with take profit at key level 1.17000 Fundamentals:Main Refinancing Rate 12:45 pm EURMonetary Policy Statement 12:45 pm EURECB Press Conference 1:30pm EURUnemployment Claims …

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