Forex, Markets, Macro Economic News Discussion.

[rosentray]

EUR/USD is trading sharply lower today after reaching multi-month high of 1.1620. The pair is currently trading at 1.1423 and by the way it looks, it might test 1.14 before we get the news tomorrow. Reminder: NFP and Unmployment Rate are scheduled for tomorrow.

[rosentray]

EUR/USD is trading lower in today's session currently trying to break the 1.15 barrier. Price is yet to determine a direction but by the way it looks, bears might attempt to short the Euro for a target at 1.14.

[rosentray]

EUR/USD is trading higher in today's session marking a 9-month high at the high of 1.1616. Main trend on the short-term is expected to change with first bear target at 1.1400-1.1420.

[Eliza Abrams]

GBP/USD has formed a shooting star candlestick on the daily time frame, but even if it retraces to the downside I doubt this would be the end of the move up. Next target is around 1.4800.

[Eliza Abrams]

I agree, we'll probably see the pair visit 1.1500 and above again.

[rosentray]

EUR/USD rose to 1.1459 in today's trading session and is currently trading at 1.1453. First bull target is seen at 1.1560, while first support could be found at 1.1370.

[rosentray]

EUR/USD is trading higher today going to 1.1367 and is now trading at 1.1347. Market sentiment remains bearish as volume is not enough to keep bulls satisfied with current gains. Price drop could be expected that would lead the price to 1.12.

[robtcutting]

I forgot what M1 and M2 meant....but from what I remember, periods of high interest rates means the fed is executing the Contractionary Policy-- meaning they are trying to control inflation by pulling dollars out of circulation.

[Eliza Abrams]

Yesterday FED pushed USD/CAD below the support at 1.2600 and I think at this point it looks inevitable that it will reach 1.2500 soon.

[rosentray]

EUR/USD is trading slightly to unchanged in today's session. Current market price is 1.1312 with a high of 1.1333. First resistance on the short-term is seen at 1.1320. If bears manage to keep price under that level then we might see a drop to 1.12 which is seen as first short-term bear target.

[david_20]

Thank you so much

[rosentray]

EUR/USD is up today reaching a high of 1.1319. Main trend in the short-term remains bullish with first resistance seen at 1.1338 and second resistance 1.1367. On the other hand, a decline would take the pair down to 1.1250 as first support zone.

[Eliza Abrams]

EUR/GBP opened with a gap tonight, reaching the support at 0.7750, but it has since recovered the gap and continued rising. However, I still think it might possibly reach the support at 0.7730 in the near future.

[Eliza Abrams]

GBP/USD is once again testing the resistance at 1.4420 after the spinning top candlestick it formed on the daily time frame on Thursday. If it breaks above it we might see climb all the way to 1.5000 in the long term.

[rosentray]

The EUR/USD is trading slightly lower from yesterday's close. So far the pair reached a low at 1.1265 and is currently around 1.1271. Main short-term trend remains bullish with current price at support and short-term bull target 1.14.