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Cable is looking much more bullish since breaking though the 233-day simple moving average a couple of weeks ago and now it faces a key test of its bullishness, with the retest of that key SMA.When a big support or resistance level is broken, a key test of the quality of the break can be […]
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The constant barrage of Greek headlines continues unabated, with the latest batch of rumors suggesting variously that the “no” votes for this weekend’s referendum are gaining momentum, that the Greek government will cancel this weekend’s referendum, that a breakthrough deal between Greece and her creditors is imminent, and that the two sides are further apart […]
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Hi, this is Shaun Overton with ForexNews.com and OneStepRemoved.com. In this 3 minute video, I’m going to introduce you to the Parabolic SAR indicator for MetaTrader 4. If you don’t already have a demo account, you can follow along for free with an OANDA account by clicking the link below this video. Register For A […]
- EUR/USD Technical Strategy: Flat
- Support: 1.1127, 1.1054, 1.0964
- Resistance:1.1199, 1.1290, 1.1345
The Euro returned to levels prevailing before the sharp gap and subsequent upswing at the open of the trading week. A daily close below the 50% Fibonacci retracementat 1.1127 exposes the 61.8% level at 1.1035. Alternatively, a turn above the 38.2% Fib at 1.1199 opens the door for a challenge of the 23.6% retracement at 1.1290.
Prices are wedged too closely between near-term support and resistance levels to justify taking a trade long-term Euro outlook from a risk/reward perspective. With that in mind, we will remain flat for now and wait for an actionable opportunity to present itself.
After hitting the $270 level yesterday, bitcoin experienced a significant retracement. Prices fell from a high of $269.30 to a low of $254.99 today. This is a fall of $14 dollars or just over 5 percent, in less then 24 hours. We are currently testing the June 17th high at $256.75 dollars. Earlier attempts to […]