Trading-Blog

Good morning dear traders from snowy Munich,

EURUSD – quo vadis?

Yesterday there was some sideways movement range in the morning and in the afternoon there came some movement into the markets at 14:00 GMT.

My analysed break-out at 1.3540 happened, however the course only went into the direction of 1.3654 and later turned back into the direction of 1.3557. 

After the speech of FED´s James Bullard there came again some action into the market at 18:30 GMT.

However, a real drop-down happened after 22:30, where the pair lost more than 200 pips in some hours. Traders which prefer SHORT trading could make there some bucks.

According to analysts´ estimations the indicators in EURUSD are „bearish“ fort he moment although there are no sign for oversold markets. EURUSD could probably also run to 1.3410.For the moment EURUSD was about th S1 Pivot point between 1.3509 and 1.3444.

What about news today?

At 9:00 GMT news of Europa and in the afternoon important news of US and Canada are published. So there could start a rally again.

I wish you a successful trading day and a nice weekend

Bernie Ebner