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After nearly two years without a single resignation from Japanese Prime Minister Shinzo Abe’s cabinet, two female ministers — appointed only last month — stepped down on the same day. Yuko Obuchi, 40, trade and industry minister, resigned over allegations of improper use of political funds, and Justice Minister Midori Matsushima, 58, quit over claims […]
Top Trade Ideas
Good day to everyone! For today’s strategy we will take a look at the EURUSD pair because of very clear direction and the wave structure. As you know the USD is in updated for the past few months now and we do not see any changes so far, so we believe that the best plan […]
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: Flat
- Support: 1.2750, 1.2619, 1.2500
- Resistance:1.2852, 1.3070, 1.3246
The Euro recovered against US Dollar as expected after putting in a bullish Piercing Line candlestick pattern. A daily close above the 23.6% Fibonacci retracementat 1.2852 exposes the 38.2% level at 1.3070. Alternatively, a turn back below the October 13 close at 1.2750 opens the door for a test of the October 1 close at 1.2619.
We booked profits on a Euro short position earlier this month and will aim to re-enter the trade in line with our long-term fundamental outlook when the opportunity presents itself. The absence of a defined bearish reversal signal suggests pulling the trigger is premature for now.
After a short-lived battle with $380, bitcoin broke the support level in the early Asian session today. The break lead to a quick fall to $372.50. In our article yesterday, we mentioned the possibility of this exact scenario. After hitting a daily low of $372, BTC/USD quickly rallied back and is currently retesting $380 again. […]