In the last week, the US dollar index dropped from 14 years high in the market. The U.S dollar index is the measure of the overall strength of the green bucks in a basket against six major currency pairs in the world. The EURO start with a nice decent bullish momentum in the last week after breaking the 13 years low in the market. The green bucks have gained immense strength in the global market after the FED hike their interest rate on the basis of 25 points. Most importantly the FED has declared that they are most likely to go three rate hikes inRead More →

In the last week, the EURUSD pair has broken a critical support line in the daily chart after the FED hike their interest rate in the FOMC meeting minute. Currently, the EURO has breached the critical support level at 1.05255 and hit a record low since 2003.The pair suffering from extreme selling pressure in the market and currently the sellers are dominating with full fuel. The last two-month economic performance was extremely great and with the recent interest rate hike, the dollar is now trending high with intensive strength in the market. Most importantly the EURO was further weakened in the last week after ECBRead More →

There has been a massive in the EURUSD pair in the last week after the ECB president Draghi came up with a dovish statement. Though the EURO showed significant amount strength in the market but after the critical resistance level at 1.08600.From that level, the pair found immense selling pressure in the market and started its bearish movement in the market. The next is very important for the EURUSD pair since the ongoing pending interest rate hike decision by the FED will most probably resolve in the upcoming FOMC meeting minutes. The last two-month performance of the U.S economy was significantly great and investors areRead More →

The EURUSD pair has found some decent support in the market after hitting the critical support level at 1.05179.After the U.S presidential election, the dollar has become broadly stronger against it major rivals in the market and the EURO has become the first victim of the dollar strength. On Sunday the Italian Constitution Amendment Vote favored the EURO to a certain extent and we are seeing a decent possibility of a bullish correction in the EURUSD pair till the FOMC meeting minutes of December. The fed is most likely to hike their interest rate in the month of December and if the FED comes upRead More →

The EURUSD pair was falling sharply after the selection of the newly elected U.S president Donald Trump. Sellers took the full control of the pair after Donald Trump gave his victory speech on 9th November. The surprised bearish move of the market was not anticipated at all by the investors since the dollar was most likely to weaken due to Mr. Trump anti-social mentality. But surprisingly the dollar found immense strength in the market in the event of the newly elected president. The recent ongoing issue of the pending interest rate hike decision is also causing a great deal of fear into the mind ofRead More →

 There has been a strong downward rally in the EURUSD pair after the presidential election held on Tuesday, November 8.The green bucks have been exhibiting tremendous strength in the financial market and the current loss of the EURO has been extremely intensified since the pair is Deeping down without any slight retracement. After hitting the high at 1.12963 the bears have to control the market for the last two week. This week is going to start with a very important event for the EURO since the ECB president Mario Draghi is going to deliver his speech at the press conference. Optimistic traders are expecting hawkishRead More →

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There has been a bearish crossover in the 100 and 200 days SMA in the daily chart in the EURUSD pair. The pair has corrected to a great extent in the last week and had a false break above the 200 days SMA. Due to the recent presidential election, the mighty dollar loses its strength at the very beginning but at the end, it becomes significantly strong against its all major rivals in the market. Before it fell sharply on the last Friday the pair managed to hit the high at 1.13000 level which is acted as a strong psychological barrier for the bullish moveRead More →

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The medium-term uptrend in the EURUSD pair is now facing bearish reversal pressure since the pair has broken the bullish trend line support at 1.10266 on the daily chart. Professional traders are strongly bearish on the EURUSD pair since there has been a golden bearish crossover in the daily chart. In the last the 100 days SMA has crossed below the 200 days SMA and the price also ended well below the critical support level. The burning issue of the interest rate hike decision by the FED has been mitigated to a certain extent since the other major fundamental news releases came in favor ofRead More →

EURUSD pair trading idea The EURUSD pair has broken the triangle support line near the 1.10103 level and currently getting ready to for the strong bearish move. The pair has found some support at 1.08491 level and started its correction. On last Friday the pair closed with a strong bullish candle which created a massive chaos into the mind of investors regarding the strength of the critical resistance level at 1.10225 level. Due to the significant strength of Friday’s candle, there is a slight possibility that the pair might breach the critical resistance level at 1.10225.If the pair manages to breach the triangle support levelRead More →

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The medium-term uptrend in the EURUSD pair is at risk and the last week ended up with the strong bearish movement of the pair. The recent noise in the market has been furthermore intensified with the U.S interest rate hike decision. According to the economic researchers, there is only 6.7% of chance of rate hike in the month of October. But investors are in fear since they know 6.7% probability is not enough for the FED members to go in favor of the rate hike in this month. The upcoming presidential election is also giving fuel to prevailing chaos in the forex trading market. ThoughRead More →