Daily Chart is below. You can see the levels quite clearly here .With the correct price action candlestick look for sells down from the 1.1432 area. On the 4 hr you can already see a nice bullish candlstick which caused a bounce out of the daily support line. for about 70 pips to the trendline […]

Last week I published the setup for EURUSD http://forexsignalservices.co.uk/forexblog/forex-fx-daily-chart-on-eurusd-are-we-approaching-a-long-trade-setup/ Here is the setup right now : We can see that the price has moved into the reversal zone but we have yet to see evidence from the current price action that any reversal is taking place. Will keep an eye over the next few days […]

On the daily chart of EURUSD we can see that a nice drop out out of previous resistance / supply zone and are getting back down to the 50 % fib retracement of the previous move up, which also corresponds to a resistance level formed back in March this could switch from resistance into support. […]

Lots of news driven events this morning in the markets triggered off ECB talking: ECB Coeure says due to seasonal factors QE will be front loaded to May and June, hypothetically deposit rates could be even more negative ECB’s Noyer says that the ECB are prepared to continue QE to September 2016 EU’s Juncker expects […]

Here is a look at EURUSD as we go into next week . You can see that we are into an area of resistance and the last 24 days the price has been in an uptrend.   Everyone who is already short keeps talking about how Greece is going to make the euro tank , […]

Here is the daily chart on EURUSD. You can see that the price seems to be getting held up here right now , but on the daily chart a long position at this point would be too close to the resistance zone above. If you are a daily chart trader then you should pay attention […]