Euro News

Trading professional, official analyst, representative at Instaforex Companies Group and freelance author.

Daily analysis of major pairs for May 29, 2017

29 May 2017 @ 04:15
The GBP/USD moved sideways from Monday to Wednesday, and then began to come down on Thursday. Price went downwards from the distribution territory at 1.3000 towards the accumulation territory at 1.2800 (a drop of 200 pips). The outlook on GBP pairs is bearish for this week and for the month of June 2017. Though the […]
 

Weekly Trading Forecasts for Major Pairs (May 29 – June 2, 2017)

28 May 2017 @ 04:29
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair consolidated last week, moving between the resistance line at 1.1250 and the support line at 1.1150. The resistance line at 1.1250 was tested several times, but it could not be broken to the upside, owing to the ongoing consolidation. A breakout is […]
 

Daily analysis of major pairs for May 22, 2017

22 May 2017 @ 06:14
The EUR/USD gained 290 pips last week, as price closed slightly above the support line at 1.1200. This week, price may target the resistance lines at 1.1250, 1.1300 and 1.1350. Some EUR pairs would trend higher, while some would trend lower this week. However, the EUR/USD is supposed to trend higher. EUR/USD: The EUR/USD gained […]
 

Weekly Trading Forecasts for Major Pairs (May 22 - 26, 2017)

21 May 2017 @ 03:10
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair went upwards by 290 pips last week, putting greater emphasis on the recent bullish bias that has formed this month. Price closed slightly above the support line at 1.1200 on Friday. The bullish momentum is currently strong, and the resistance lines at […]
 

Daily analysis of major pairs for May 15, 2017

15 May 2017 @ 04:09
The Cable consolidated throughout last week in the context of an uptrend. Price tested the accumulation territory at 1.2850, but closed above it. A closer look at the market reveals that the uptrend is getting tired, thereby increasing chances of a large pullback, which could happen this week. A movement below the accumulation territory at […]
 

Weekly Trading Forecasts for Major Pairs (May 15 - 19, 2017)

14 May 2017 @ 00:13
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair is bullish in the medium-term, but neutral in the short-term. Price tested the support line at 1.0850, closing above the support line at 1.0900 on Friday. A movement above the resistance line at 1.1000 would strengthen the existing bullish bias, while a […]
 

The Real Trading Success. It’s Not What You Think

12 May 2017 @ 02:28
When I first went to university the initial week was filled with the usual getting to know the lay of the land such as how the library works (in a surprisingly mysterious way I might add), where various labs where and what the protocol for various subjects was. One of the most striking events was […]
 

The Euro Shrugs Off The New French President

09 May 2017 @ 11:44
Macron 66.1% Le Pen 33.9% Emmanuel Macron is France’s new president after convincingly beating the National Front candidate Marine Le Pen in the second round run-off. After a fairly low turnout, it was the centrist candidate Macron who was victorious. However it was always going to be the market reaction that we cared about rather […]
 

Daily analysis of major pairs for May 8, 2017

08 May 2017 @ 08:09
The USD/JPY went upwards last week, testing the supply level at 113.00. The supply level would be tested again and possibly breached to the upside, as price targets other supply level at 113.50 and 114.00. On the other hand, there is also a possibility of a bearish correction this week or next, which could threaten […]
 

Weekly Trading Forecasts for Major Pairs (May 8 - 12, 2017)

07 May 2017 @ 01:51
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair went sideways from Monday to Wednesday, and then started rising upwards on Thursday, in the context of an uptrend. Price is now very close to the resistance line at 1.1000. This week, it is possible for the market, and other EUR pairs, […]
 
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