EUR/USD technicals

Source: www.forexlive.com

Not much in the way of support until the 20-day MA at 1.3890 but it is the previous low at 1.3800 and the 38.2% retracement at 1.3780 which provide the stronger base. Resistance levels are also scarce until 1.4050/65, a prior high/low pivot level.


Read more...

  • Leveraged bailout resumes in EUR/USD

    EUR/USD is trading in soimilar fashion to Wednesday when hedge funds headed for the exits en masse. Bids at 1.4100 are being absorbed. 1.4070, the spike low from yesterday is the next focus. Large stops are perched below that...

  • Philippine Stock Exchange Composite Index (PSEi) Clings To The 200-Day Moving Average

    Let’s take a look at the chart of the Philippine Stock Exchange Composite Index (PSEi) once again. Based on my technical analysis the...

  • EUR/USD Retreats towards its Neckline

    By Fast Brokers - The EUR/USD topped-out yesterday and is heading back towards our 1st tier uptrend line, or the neck of...

  • Forex Rebellion Test Account Took a Beating

    Sigh I feel like such a huge dolt. You know how in the Forex Rebellion training manual they tell you to always set a take profit and stop loss. Well, guess who decided to do his own thing - me! I thought I can squeeze more pips by lettings the trades run without a SL or TP set. My idea was that I...

  • Forex IB - Affiliate Marketing

    Summer Street FX potential affiliates and/or IB's we provide you with a complete white label solution for your business at no cost to you if you. Affiliate Marketing -...