Top Global Market Stories
Picking EUR tops a painful exercise German bund yields on the cusp of pushing higher Sterling walks alone, not fussed by fundamentals Crude surges to six-month highs Currently, there are a lot of moving parts in capital markets that are keeping investors on their toes. If it’s not exploding sovereign bond yields or new yearly […]
Top Trade Ideas
US dollar bulls took one on the chin this morning with the release of the April ADP Non-Farm employment report. While not as widely-watched as the Friday’s marquee NFP report from the BLS, ADP’s report can still provide an accurate view of the health of the labor market, and based on this morning’s release, it […]
MT4 Trading & Education
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: Short at 1.1148
- Support: 1.0982, 1.0793, 1.0487
- Resistance:1.1271, 1.1517, 1.1766
The Euro put in a bearish Evening Star candlestick pattern, hinting a move lower against the US Dollar may be in the cards. A daily close below the 14.6% Fibonacci expansion at 1.0982 exposes the 23.6% level at 1.0793. Alternatively, a push above the 38.2% Fib retracement at 1.1271 opens the door for a challenge of the 50% threshold at 1.1519.
We entered short EURUSD at 1.1148 in line with our long-term outlook, initially targeting 1.0982. A stop-loss will be triggered on a daily close above 1.1289. We will book half of the trade and move the stop-loss to breakeven when the first target is hit.
Bitcoin fell to the $230 mark in the early part of today’s trading session. The sharp fall of almost $5 dollars in 1 hour came after yesterday’s tiny daily range of $4.31 dollars. After hitting $230.11 on BTC-E, prices stalled the decline and are currently quoted at $231.53. Here’s a chart of today’s price action. […]