Forex Trading: EUR/USD Looking Bearish After FOMC Comment

All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. Watch for the breakout and look for buy on breakout. How would you best describe yourself? As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor. One of the most traded currency pair in the world, representing the world's two largest trading blocks, offers consistently tight spreads and high liquidity. Upcoming Events Economic Event.

eur/usd This is the most popular currency pair in the world, representing the world's two largest economies. The Euro was created to facilitate cross-border trade of European trading partners.

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Traders ave been taking profits after 1 — 3 days and betting on small reversals. Day traders are continuing to scalp, betting on reversals instead of breakouts. Since the past 3 weeks have been in a triangle, the odds of a bear breakout below the 3 week tight range are almost as high as for a breakout above.

However, the bear breakout will fail, even if it lasts a few days. The bulls should be able to create a higher low above the August 15 low. The 5 minute chart had a 40 pip rally over the past 10 minutes. That increases the chance of a bull trend day today. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.

How would you best describe yourself? By Al Brooks Forex Sep 13, This article has already been saved in your Saved Items. Add a Comment Comment Guidelines. Enrich the conversation Stay focused and on track. Even negative opinions can be framed positively and diplomatically.

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Only English comments will be allowed. I have read Investing. Watch for the breakout and look for buy on breakout. In case price close below the previous low then it will invalidate the buy setup. If breakout is going to be strong then you can stay in this trade for more upside. Good Luck Please support the setup with your likes, Hope you enjoy it! Need signals or more education? It is running towards the 1. The lines on the chart are divided into leading and supporting roles.

In the next 30 days, it might dance inside the expanding triangle. As the market already exceeded considered as the entry for bats , those who still are not involved in this trade, can benefit from a more decent risk to reward.

Also, take a look at RSI - it is strongly overbought. I anticipate seeing a This is the same chart I had post on 12th of September, exactly going according to my analysis, EUR broke a resistance of 1. You can see the chart of 12th September here: MacD is having Strong Bullish volume.

Technical Most Likely Scenario: We have just retraced the former rise.

Price drivers

EUR USD (Euro / US Dollar) The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in If day trading the EUR/USD, the times that are likely to be most active for the pair, on average, will be when London and New York are open. Those markets are open between and Greenwich Mean Time (GMT). is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # ). Forex trading involves significant risk of loss and is .