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The 18-member single unit has managed to fall to a fresh two-year low outright this morning, briefly penetrating the psychological €1.26 handle (€1.2595), just as capital markets bid farewell to another volatile September and third quarter. Meanwhile, European equities are edging higher, trying to reverse yesterday’s decline ahead of the European Central Bank’s (ECB) next […]
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The USD/JPY pair has finally entered the key 110.00-110.65 technical area (see monthly chart in figure 1). The lower end of this range, i.e. 110, is a key psychological barrier while the 110.65 level was the high achieved back in August 2008. Around these levels I would expect to see some profit-taking, which may apply […]
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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: Short at1.3644
- Support: 1.2602, 1.2532, 1.2445
- Resistance:1.2673, 1.2760, 1.2796
Euro selling pressure swiftly returned after a brief respite, with prices sliding to the lowest level in over two years. A daily close below the 50% Fibonacci expansion at 1.2602 exposes the 61.8% level at 1.2532. Alternatively, a move above the 1.2659-73 area marked by the November 2012 low and the 38.2% Fib clears the way for a challenge of the 1.2754-60 zone bracketed by the July 2013 bottom and the 23.6% expansion.
We sold EURUSD at 1.3644 in line with our long-term fundamental outlook and have since booked profit on half of the position. The rest remains open to capture any further downside momentum with a stop-loss at 1.3583, our initial objective.
Bitcoin has finally managed to snap out of its multiday losing streak. Today prices rallied 10 dollars to close at $382. This exact scenario played out 10 days ago in BTC/USD (a six day losing streak followed by a $10 rally). The rally was slow and steady and prices traded as high as $388.95 today. […]