EUR/USD is likely to be bearish, hourly chart clearly confirms the bearish pattern formed here. The pair again failed to break 1.4010 levels, so we see bears strong at current levels. Our view: SHORT POSITION BELOW 1.3901 FOR TARGET 1.3860 . STOP LOSS MUST BE PLACED AT 1.3929 OR GO LONG IF PAIR APPROCHES THE STOPLOSS FOR TARGET 1.3985 ... [Continue Reading]

Our Recommendation : Long positions above 1.4045 with targets @ 1.41 & 1.42 in extension. Alternative scenario: Below 1.4 look for further downside with 1.395 & 1.3895 as targets. Why to go long: The pair stands above its new support and remains on the upside. RSI signals upward move. Levels to watch: 1.42 1.41 1.4091 last 1.4 1.395 If you are not trading forex then goto Forex Trading ... [Continue Reading]

Today's Pivot: 1.387 Short positions below 1.387 with targets @ 1.376 & 1.369 in extension. Alternative scenario: Above 1.387 look for further upside with 1.391 & 1.3955 as targets. Why to go Short: The pair remains under pressure, the RSI is showing mixed to bearish trend. Levels to watch: 1.3955 1.391 1.387 1.3804 last 1.376 1.369 1.3635 Please share your position in forex trading ... [Continue Reading]