Good day traders.
Italy announced yesterday that they would cut spending by 26 billion euros, despite their claiming of being safe from the Greek crisis. This has indeed stop the bullishness of the EURUSD pair thus adding more weakness to it.
On the H4 chart, its more weakness to be seen. This morning, the pair had initially [...]

Good day traders!
The pair hit the high of 1.26719 but closed the weekend at 1.25461. If you guys did take your buy last week, you have at least bag a 125 pip all the way up .
Looking at the chart, I believe there are more bull to come. But the lines have become tighter. [...]

Good day traders.
The pair recorded a high of 1.25961 yesterday, something that I didn’t expect to happen in near future. The 1.25000 round number and the 38.2 Fibo line was broken easily yesterday. A more bullish momentum should be seen in today’s trading. The question is, what cause this?
Fundamentally:
Traders are citing the cause for the [...]

Guys, sorry for the late analysis. Just coming back from Shah Alam. It’s my sister’s convo .
A short analysis should do.
Yes, we see the bull starting to take it steps in the early hours of trading. This is due to the announcement from the ECB that they are prepare to defend the Euro. Well, [...]

Good day traders!
I see a bullish candle at my 4H chart and it looks like its going to retain its momentum till 1.25000, our round number. I’m still bearish on the medium and long trend of the pair though but never underestimate the bullish hammer that were seen.
Price will likely reach the 1.25000 and by [...]

Good day traders.
Last week was just another day of strong downtrend from the pair. It seems that the Euro fail to convince the investors to pour the money back. Well, I can’t blame them either. Greek crisis seems endless. And adding to that was the shocking announcement made by the French President that they might [...]