EURUSD, Daily timeframe Pair in Uptrend On Friday, the euro dollar gained 47 pips. The price action continues to move further away from Supports and into positive territory in line with the Uptrend. The most traded pair was boosted by positive news from Germany on Friday, June 23. We saw that German Manufacturing PMI came
Last trading day of the week is here! We have three important market events coming out from different economies, the biggest of which is the United States. Let’s see the events to look forward to today: Germany EUR 08:30 a.m. GMT+1 German Manufacturing PMI (Jun)- This is a very important index for the euro market.
EURUSD, Daily timeframe Pair in Uptrend Today, the pair will likely show more activity around the London Trading Session. We expect key news coming in at 08:30 a.m. GMT+1 from Germany. The German Manufacturing PMI, will bring the volatility and along with it potential opportunities for trading. Currently, price is stuck between the Support at
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EURUSD, Daily timeframe Pair is in an Uptrend Yesterday, the most traded pair advanced 40 pips and closed with a positive bullish candle. The candle rejected the immediate support level located at 1.1098. From here, scenario 1 is in line with the Uptrend which is still intact. Scenario 1: The euro continues to advance towards
A couple of events today are likely to excite the markets and stir up volatility. United States USD, 13:30 p.m. GMT+1 Initial Jobless Claims- the number of people who filed for unemployment insurance for the first time is expected to have increased during the past week by 3, 000 people. The expectations are for 240,000
Today, we have major news events that will create volatility in the markets and along with it opportunities for trading. United States 15:00 p.m. GMT +1 Exisiting Home Sales (May)- Forecast predict a small decrease of 2, 000 in the number of existing home sales for May. Those are residential homes sold in May and
EURUSD, Daily timeframe Pair in an Uptrend (currently retracing) Yesterday, the pair fell 27 pips and price movement currently fulfills Scenario 1 commented yesterday. We’re witnessing price heading for the immediate Support located at 1.1098. The Support could be probed today. The strategy is to take positions only in direction of the trend, not against