Trading the News: U.S. Non-Farm Payrolls Another 200K expansion in Non-Farm Payrolls (NFP) paired with a meaningful pickup in U.S. wage growth may trigger a short-term selloff in EUR/USD as it puts increased pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy in 2016. What’s Expected: Why Is This Event Important: Despite the cautious tone laid out in ...
"EURUSD has been trending lower on the short-term time frames, with a potential retracement opportunity presenting itself on the 4-hour chart. Price previously broke below support around 1.0850-1.0900 before dipping close to the 1.0700 handle then pulling back.Using the Fibonacci retracement tool on the latest swing high and low shows that the 50-61.8% levels line up with the broken support zone. This might hold as resistance since it is also close ...
- Euro-Zone Retail Sales to Expand for First Time Since July. - Will Signs of a Stronger Recovery Encourage the ECB to Adopt an Improved Outlook? Trading the News: Euro-Zone Retail Sales A rebound in Euro-Zone Retail Sales may generate a near-term rebound in EUR/USD as signs of a stronger recovery raises the European Central Bank’s (ECB) scope to retain its current policy throughout 2016. What’s Expected ...
"The Euro may be carving out a top below the 1.11 figure against the US Dollar having rebounded as expectedafter last month’s ECB policy meeting. Prices appear to be carving out a bearish Head and Shoulders chart formation, although confirmation of the setup is still pending for now.""A daily close below the 1.0777-1.0818 area marked by the May 27 low and the 23.6% Fibonacci expansion clears the way for a challengeof the 38.2% level at 1.0602. ...
H4 price is located between SMA with period 100 (100 SMA) and SMA with the period 200 (200 SMA) in the primary bullish market condition with the secondary ranging: price is ranging above 200 SMA and near 100 SMA on the border between the ranging bullish and the primary bullish. If the price will break Fibo resistance level at 1.0992 to above so the bullish trend will be continuing without ranging.If price will break Fibo support level at 1.0826 to below so the reversal of the ...
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