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Currency Strength [...]
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The FOREX market was set up for a short-term reversal. A 1-2-3 Pattern or Inverse Head & Shoulders Pattern was very likely. These forex candlestick patterns are common after a crazy Non-Farm Payrolls release on any large range trading day. Its a way for the forex market to breath and recover. Live FOREX Training | [...]
Forex: EUR/USD reverses from 1.3535 and hits session low at 1.3465
FXstreet.com (Barcelona) – The Euro has been going through a steady recovery from 1.3265 low last week, breaking through 1.3500 level at European opening, to hit one week high at 1.3535 before pulling back and give away about 70 pips to hit session low at [...]
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After the tremendous recent leg of the USD strength Friday, and the decent GAP trading on the Sunday open, we were cautious entering London. Most major pairs had trended strongly and all hit the next substantial support/resistance areas. A pullback looked more likely than anything, so we zoomed in on the majors to get a [...]
Forex: GBP/USD capped at 1.5015 eases to 1.4960
FXstreet.com (Barcelona) – The Pound has rallied sharply on early European session, and, after bouncing at 1.4890 low on Asian trade, the pair has soared at European opening to reach levels past 1.5000 although capped at 1.5015, Sterling has retreated to 1.4960 area at the moment of writing.
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