It's a slow Monday for EUR/USD. The consolidation continues and it looks like it's headed for target 1.2560, but nothing is certain at the moment.

EURUSD

It's absolutely possible, but one has to be very organized and disciplined to achieve any good results.

Work Vs Trade

Today's Thanksgiving which means that we will likely see very little volatility on the market. To everyone celebrating: Happy Thanksgiving!

EURUSD

As I thought yesterday a more long-term correction really seems to have started for EUR/USD. Its current target still appears to be around 1.2580, though the trend remains bearish and it will likely continue its descent once the correction is over.

EURUSD

EUR/USD really did form a double bottom at the support at the 1.2350, which proved to be quite strong, and is now headed for 1.2570. Between that double bottom and the strong support I am starting to wonder whether this is not the beginning of a ...

EURUSD

Despite its descent on Friday EUR/USD reached the support level at 1.2350 and bounced back, forming what appears to be a double bottom on the daily filter chart, so a new movement to the upside is possible. On the other hand, the bearish trend is ...

EURUSD

EUR/USD did fall after all, despite my suspicions that the correction might last longer. That said, in order to be certain that it's not forming a double bottom it will have to break below the support around 1.2380 and below the previous low at ...

EURUSD

I think that EUR/USD might keep climbing until it reaches 1.2620, but the market is so uncertain at the moment that buying now would mean taking a considerable risk. Personally, I'd rather wait for a relatively reliable signal that the pair's ...

EURUSD

It looks like the EUR/USD correction might last a little longer. It appears it is headed for target 1.2670.

EURUSD

It looks like the EUR/USD consolidation continues and it might be too early for any long-term prognosis before that ends.

EURUSD

Although EUR/USD climbled to 1.2575 the hammer candlestick formed in the 4 hour filter chart was a clear indication that the move to the upside was only temporary. The downward trend continues and is likely headed for target 1.2330 for the moment.

EURUSD

The EUR/USD consolidation has continued for over a week now and it doesn't look like it will end today, so we may have to wait at least until Monday before we see any major change. That said, I think that it will likely continue descending once the ...

EURUSD

It looks like the EUR/USD range will continue today as well.

EURUSD

It looks like range continues for EUR/USD. The market seems to be exceedingly calm today. I took a look at the economic callendar and it appears that it will stay that way at least until Friday.

EURUSD

The market seems relatively quiet today and EUR/USD is slowly crawling on its way down, although I think that for the moment that is just part of the correction. Once it breaks below the support at 1.2360 it will likely continue falling at least ...

EURUSD

Despite the significant pullback we saw after the drop last week, I think that the bears are in control again and the downward trend will continue with likely target 1.2200.

EURUSD

As usual the Non-Farm Payrolls had quite the effect on the market and provoked a lot of volatility. Whatever their effect I think the downward trend is as strong as ever and will reach 1.2200, perhaps even 1.2000. Have a great weekend, everyone!

EURUSD

The ECB Rate Decision comes out today and tomorrow we'll learn the change in the USD Non-Farm Payrolls. These events always provoke great volatility in the market but they are also an excellent opportunity for big profits. Good luck to everyone who ...

EURUSD

After the hammer candlestick in the EUR/USD daily filter chart I assumed it will reach at least 1.2600, perhaps even 1.2640, but that proved to be far too generous an assumption, as it couldn't even break above 1.2580 before falling again. On the ...

EURUSD

EUR/USD formed a hammer candlestick in the daily filter chart and started climbing. It appears that the current target is around 1.2640. That said, I don't think we can talk about a reversal yet as the trend is still very much bearish. If anything, ...

EURUSD