After the big drop on Friday EUR/USD seems to be in for some pullback now - there's a doji candlestick in both the daily and the 4 hour filter charts and the prince has started climbing. I think the target is around 1.2590. That said, the trend is ...

EURUSD

The non-farm payrolls certainly had an effect and EUR/USD fell another 70 pips today. The bearish trend shows no signs of exhaustion and if you look at the monthly filter chart the previous lows are at 1.2030 and 1.1870 so I wouldn't be surprised if ...

EURUSD

EUR ECB's Mario Draghi will speak at the rate decision press conference later today and the non-farm payrolls are on Friday, so the market is expected to be pretty volatile for the rest of the week. We'll have to wait and see what the effect of ...

EURUSD

EUR/USD hit strong support at 1.2600 and we might see some pullback before it heads for 1.2500, especially considering that a double bottom seems to have formed in the one hour filter chart.

EURUSD

All things considered, I think we can conclude that the bearish EUR/USD trend isn't exhausted yet. It fell 90 pips for the past four hours alone and broke below 1.2600. Personally, I think the next target is 1.2500, although it might go even lower.

EURUSD

EUR/USD formed an inverted hammer candlestick in the four hour filter chart and headed up. Considering that there's also very strong support in the 1.2660-1.2700 zone, I think some correction is beginning with target 1.2730, perhaps even 1.2800.

EURUSD

There is a hammer candlestick in the daily EUR/USD filter chart which suggests that there might be some pullback, not to mention the strong support at 1.2700. However I still think it will keep falling after the pullback is over.

EURUSD

Not only did EUR/USD break below 1.2800 but it reached 1.2700 and broke below that level. Now the question is what happens next. Will this pair continue on its way down or will we see some correction first?

EURUSD

EUR/USD appears to be in consolidation again but the doji candlestick in the daily filter chart could be an indication that it will continue its descent if it breaks below the supprt at 1.2810. However, the bearish trend appears to be exhausted, so ...

EURUSD

It looks like EUR/USD is headed north after all and we might see some correction. There's a marubozu candlestick in the daily filter chart and the trend appears to be exhausted for the moment. I think the target will be 1.2950, perhaps even 1.3100 ...

EURUSD

I think EUR/USD is still in consolidation, but in my opinion it will continue falling once it breaks below the support at 1.2820 - 1.2800. That said, we'll have to wait and see what effect Mario Draghi's speech later today will have on it.

EURUSD

It makes sense - once a trader accumulates some experience they quickly realize which are the most reliable timeframes.

Preferred Timeframe for Trading

I definitely prefer the 4h and 15min timeframes, because I think they're the most reliable ones, although I do occasionally check the daily and even the weekly timeframes as well.

Preferred Timeframe for Trading

EUR/USD is exceedingly calm and the consolidation continues, but that is like the calm before the storm. Personally I will wait for Yellen's speech later today before doing anything.

EURUSD

The EUR/USD consolidation continues and I am beginning to suspect we'll have to wait for FED tomorrow before we see any further developments.

EURUSD

For a moment there I was concerned that EUR/USD might start climbing, but then it formed that black marubozu candlestick on the daily filter chart, convincing me once more it will continue its descent to 1.2750 - 1.2700. That said, we might see some ...

EURUSD

EUR/USD is still consolidating and is fairly peaceful at the moment but once the consolidation is over, I believe it will continue falling with target 1.2750-1.2700.

EURUSD

EUR/USD couldn't even reach 1.2980, let alone 1.3000. I think it's just consolidating and will continue its descent with target 1.2800 and then it will likely go even lower - 1.2750 which is a support level visible in the monthly filter chart.

EURUSD

EUR/USD appears to be headed for 1.2980 where there's a resistance level and if it breaks above that level it might reach 1.3000. That said, after that it might continie its descent.

EURUSD

There's a doji candlestick in the 4 hour filter chart, so I think we might see some temporary pullback or consolidation with target 1.2935 or even 1.3000 but after that it will likely continue to descend. The trend is still very much bearish.

EURUSD