SE1 Capital Markets

Evolving to Consistency

Browsing Posts tagged EU/USD

EUR/USD, July 29

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EU/USD, July 29, 1pm UK Time

Ongoing USD weakness lead to a breakout of EU/USD above the 1.3040 level. I tend not to trade EUR/USD today. This has more upside momentum, but I don’t like the risk-reward ratio for longs at this level. Don’t forget that the whole market called parity just a few weeks ago!

EUR/USD, July 29, 1pm UK Time

EUR/USD, July 29, 1pm UK Time

EUR/USD, July 22

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Sorry for being so slow, but my internet provider still hasn’t fixed the connectivity issues and I doubt that I will be fully operational before mid next week. In the meantime, I will try my best to update charts from publich WLAN places.

After a two-day down move of EU/USD, with a little stop at the critical 1.29 level (area marked in blue), we saw a very strong bounceback to the same level. If we break it to the upside, we can go back to the upper range of the channel at 1.3, if we break out to the downside we will see 1.27 again.

EU/USD, July 22, 4pm UK Time

EU/USD, July 22, 4pm UK Time

EU/USD, July 21, 7am UK Time

After a multi-day up move to the 1.3 level, this pair has retraced to the 38% Fib level, bounced up one Fib level and tries to find direction again. The broad blue zone marks a pretty crowded trading zone limited to the upside by the daily pivot. I see less resistance to the downside. Key levesls are 1.2835, 1.28 and 1.2774,

EU/USD, July 21, 7am UK Time

EU/USD, July 21, 7am UK Time