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Daily Market Analysis 09|04|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19091 with take profit at 1.19286. Bearish Preference: Sell position is envisaged if price trades below 1.18818 with take profit at 1.18629. Fundamentals:1:30 Pm USD  Core PPI m/m              USD  PPI m/m3:00 pm USD  Final Wholesale Inventories m/m  Comment:  The …

Daily Market Analysis 09|04|2021: EURUSD Read More »

Daily Market Analysis 06|04|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.18270 with take profit at 1.18398. Bearish Preference: Sell position is envisaged if price trades below 1.18074 with take profit at 1.17952. Fundamentals:10:00am    EUR    Unemployment RateDay 2    All    IMF Meetings Comment: The dollar fell sharply against its rivals Monday, paced by declining U.S. bond yields, but …

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Daily Market Analysis 22|03|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference:  A Sell position is envisaged if price trades below price 1.18697 with a take profit at price 1.18540 Bearish Preference: A Buy position is envisaged if price trades above  1.19154 with a take profit at price 1.19297. Fundamentals:2:00pm USD Fed Chair Powell Speaks Comment: A modest pullback in the US Treasury bond yields from over …

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Daily Market Analysis 16|03|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19239 with take profit at 1.19368. Bearish Preference: Sell position is envisaged if price trades below 1.19098 with take profit at 1.18948 Fundamentals:1:30pm USD Core Retail Sales m/m        USD Retail Sales m/m3:00pm USD Business Inventories m/m Comment: Monday’s rebound came ahead of …

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Daily Market Analysis 15|03|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.19385 with take profit at 1.19516. Bearish Preference: Sell position is envisaged if price trades below 1.19065 with take profit at 1.18895. Fundamentals:EUR: German WPI m/m (8am)EUR: Eurogroup Meetings (ALL DAY)USD: Empire State Manufacturing Index (1:30 AM) Comment: On Friday, EU reported that Euro Area …

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Daily Market Analysis 08|03|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.18998 with take profit at 1.19173 Bearish Preference: Sell position is envisaged if price trades below 1.18385 with take profit at 1.18205 Fundamentals:No major Fundamental Comment: The euro has started the week in negative territory, dropping below the 1.19 level.  Currently, EUR/USD is trading at …

Daily Market Analysis 08|03|2021: EURUSD Read More »

Daily Market Analysis 02|03|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference: A sell position is envisaged if price trades below 1.20089 with a take profit before 1.19905 Bullish Preference: A buy position  is envisaged if price trades above price 1.20233  with take profit before price 1.20335 Fundamentals:9:00am   EUR      Spanish Unemployment Change    9:55am     EUR     German Unemployment Change11:00am    EUR …

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Daily Market Analysis 01|03|2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 1.21237  with a take profit at 1.21895. Bullish Preference: A Sell position  is envisaged if price trades below price 1.20399  with take profit at price 1.20090. Fundamentals:EUR:  Final Manufacturing PMI (10:00am)EUR: Italian Prelim CPI m/m (11am)USD: FOMC Member Williams Speaks (3pm)USD: Final Manufacturing …

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Daily Market Analysis 25|02|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference: Sell if price trades below 1.21647 with Take Profit at 1.21486. Bullish Preference: Buy if price trades below 1.21864 with Take Profit at 1.22120. Fundamentals:EUR 10;30AM  M3 Money Supply Y/YUSD  2:30PM   Prelim GDP q/q                        Unemployment claims        …

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Daily Market Analysis 23|02|2021: EURUSD

Instrument: EURUSD Technical Analysis Bearish Preference: Sell if price trades below 1.21442 and take profit at 1.21242 Bullish Preference: Buy if price trades above 1.21713 and take profit at 1.21814 Fundamentals:4:00pm USD Fed Chair Powell Testifies Comment: The US dollar languished near six-week lows amid doubts about a relatively faster US economic recovery and was seen as one of the …

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