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Greece situation sets off highest market volatility since 2008 EUR filling in that plummeting gap SNB vocal about today’s intervention Market looking to yen for help Finding temporary safety to alleviate some of the Grexit pressure that is currently being imposed on capital markets is not that easy. Even the traditional safer option, like owning […]
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On Monday, this blog piece laid out a strategy to go triple short EUR/USD. A key part of my overall strategy is identifying higher reward to risk ratios, and this set up ticks the box, with each entry risking between 50 and 100 points against potential gains of 500 to 900 points. The triple short […]
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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 remains in consolidation mode after producing the largest daily drop in three months against the US Dollar. 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.
Bitcoin is retesting the highs reached on June 17th. After opening at $246 flat, BTC/USD slowly rallied until it topped out at $256.27, just 48 cents below the previous high. In the first hour of the new session, that high was broken as the cryptocurrency hit $257.24 dollars per coin. We are currently quoted slightly […]