- 
- 
- 
Welcome,
Guest!
TechnicalCentral BanksForex Brokers
Trading Tools |
EURO/USD Daily - Evening Session - GMT
0
votes
Jason Alan Jankovsky is a 20 year veteran of leveraged transaction trading. Trading extensively in Futures, Options, and FOREX since 1987, he is self-taught and self-educated. He has authored several trading systems, trained other successful traders .....
Rate drops to new lows in early New York today, aggressive liquidation by EURO-Sterling cross spreaders likely providing the main selling. Late longs are under pressure and can’t ignore a break of the 50% fib defense numbers. Bears took a stand at 1.4700 area last year and likely won’t let go of shorts until technical levels are tested around 1.3660 area or lower which we have today. Technical traders will be looking for a test of the 100 day MA near-term to offer support this time after blowing through to the upside. Traders note lots of aggressive active buying getting disappointed. Stops building under 1.3440 area likely in size; the question is will the buyers show up? Traders note some stops within range overnight suggesting longs are late or nervous. Correction lower is likely to continue a bit further but that will likely be a buy point.
Data due Tuesday: All times EASTERN (-5 GMT) 4:00am EUR Final Services PMI 5:00am EUR CPI Flash Estimate y/y Resistance 3: 1.4080 Resistance 2: 1.4020/30 Resistance 1: 1.3960 Latest New York: 1.3583 Support 1: 1.3550 Support 2: 1.3480 Support 3: 1.3420/30
Attached Images
 Next Analysis:
Content Provided by:
Forexpros
With a solid background in financial markets, our goal is to provide both novice and experienced traders with neutral and unbiased information on specific financial segments, including Brokers, Fund managers, Real-time quotes & charts, Courses, Books, Software Providers, Educational & ...
Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.  Related Products  Price: $ 49.95 Overview Adaptation is the name of the game in long term trading success. Join Fernando Gonzalez ...
 Price: $ 49.95 Overview This course is more than simple rules, this class explores and shows you how to ...
|
|
||
|
||
How long have you been trading forex? |
||
 |
||
|
