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The EURUSD is breaking above the 1.1920 level today.
The area has served as resistance since April 7th.
However, even a daily close above 1.1920 wouldn’t suggest that buyers are free and clear of resistance.
As I mentioned last weekend, the 1.1950 is a critical area as well.Continue Reading
The EURUSD broke free from a trend line last week near 1.1760.
I mentioned this breakout last week when the EURUSD was trading over 100 pips below Friday’s close.
The pair hit some resistance at 1.1915 before the weekend.
However, I still think there’s a good chance we see 1.1950 in the week ahead, but only if EURUSD can clear 1.1915 on a daily closing basis.Continue Reading
ETHUSD just experienced a 10% pullback from yesterday’s high.
Such pullbacks in crypto aren’t rare.
I was also anticipating this drop to the $1,950 region per my comments yesterday on Twitter.
In fact, the lower boundary to my support area for Ethereum was $1,933.Continue Reading
The EURUSD has trended lower since January when it reached 1.2350.
It looked like the 1.1950 support area would hold in February, but the bounce eventually failed, and the EURUSD broke below 1.1950 in early March.
Since that time, the EURUSD has been a tricky market to analyze.
It’s been even worse to trade, unless you managed to catch the latest downtrendContinue Reading
Ethereum (ETH) spent most of the last five weeks consolidating.
Although we saw the crypto gain 50% between late February and mid-March, it was part of a larger consolidation pattern.
However, that sideways action broke on Wednesday.
I talked about this at length on Twitter as the market was retesting the $1,870 resistance area.Continue Reading