Login




Get Nial Fuller's Professional Price Action Forex Trading Course - Click Here

Trading Setups / Chart in Focus:

EURUSD

The EURUSD fell significantly lower today after finding resistance at the 8 day EMA. Price is now once again hovering just above the key support near 1.2640 – 1.2620, if we move and close below that level we will probably see a large move lower as support below this level is scarce until about 1.1900. Traders can still look to sell this market on rotations higher into resistance on the intra-day or daily charts, pending price action confirmation.

1337728699-clip-13kb

Check out my latest trading lesson: How To Increase The Winning Probability Of Your Forex Trades

May Special Promotion – This month I’m offering a Special Discount on Lifetime membership to my Forex Course, Live Trade Setups Forum, Daily Trade Setups Newsletter, Email support line, and more. For more info visit the Forex Course Page Here.

Forex Commentary:

In the currency markets today, the euro gave up 1 percent to the U.S. dollar, one day before a key meeting of euro-zone leaders to discuss the euro-zone debt crisis as fears grow that Greece will have to drop the euro.

The Japanese yen lost modest ground to the British pound and Canadian dollar and more significant ground to the greenback today as the greenback gained across the board; however the yen gained against the other majors today.

Other Markets:

In the U.S. markets today, stocks gave up gains into the New York close as hopes faded for an improvement in the euro-zone debt crisis.

The Dow lost 1.67 points, or 0.01 percent, the S&P 500 added 0.64 points, or 0.05 percent, and the Nasdaq lost 8.13 points, or 0.29 percent.

Upcoming important economic announcements (New York time): 5/23/2012

Tentative: Japan – BOJ Press Conference
4:30am EST: Britain – MPC Meeting Minutes
4:30am EST: Britain – Retail Sales m/m
All Day: Euro-zone – EU Economic Summit
8:30am EST: Canada – Core Retail Sales m/m
10:00am EST: United States – New Home Sales
10:00pm EST: New Zealand – Annual Budget Release
10:30pm EST: China – HSBC Flash Manufacturing PMI


Leave a Comment

Recent Posts in Trade Setups Commentary

Weekly Market Commentary – Trading the BREXIT Fallout – June 27th...

Posted on June 27th, 2016 | by | in Forex Trading Commentary | No Comments
Weekly Market Commentary – Trading the BREXIT Fallout – June 27th to July 1st 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here It was a wild 48 hours of trading late last week in the FX markets, particularly in the GBPUSD and GBP crosses. Heading into the UK referendum (Brexit) vote, the market was pricing in a 75% chance... Continue Reading

Weekly Market Commentary, June 23rd 2016 BREXIT Vote

Posted on June 20th, 2016 | by | in Forex Trading Commentary | No Comments
Weekly Market Commentary, June 23rd 2016 BREXIT Vote
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD and GBPUSD - Expect increased volatility as Brexit vote looms... We're steering clear of EURUSD and GBPUSD headed into the British Referendum (Brexit Vote) scheduled for later this week... Continue Reading

Potential Trades on GBPUSD and AUDUSD, 15th June 2016

Posted on June 16th, 2016 | by | in Forex Trading Commentary | No Comments
Potential Trades on GBPUSD and AUDUSD, 15th June 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here GBPUSD - Sterling/dollar remains contained under key levels The GBPUSD has continued to weaken so far this week, and as we discussed in our weekly outlook this week we are still looking to sell... Continue Reading

Weekly Trade Setups Ideas & Market Analysis – June 13th to 17th 2016

Posted on June 13th, 2016 | by | in Forex Trading Commentary | No Comments
Weekly Trade Setups Ideas & Market Analysis – June 13th to 17th 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar stays contained under key resistance zone, forms fakey In the chart below we can see the EURUSD remained contained under 1.1410 - 1.1440 key resistance zone last week. You... Continue Reading

GBPUSD Still Contained Under Resistance as ‘Brexit’ Vote Looms, 9th...

Posted on June 10th, 2016 | by | in Forex Trading Commentary | No Comments
GBPUSD Still Contained Under Resistance as ‘Brexit’ Vote Looms, 9th June 2016
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here GBPUSD - Sterling/dollar bearish tails as resistance continues to contain price As discussed in our previous commentary on the GBPUSD, the key resistance level up near 1.4730 continued to contain... Continue Reading

Leave a Comment

Your email address will not be published. Required fields are marked *

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Copyright 2008-2016 Learn To Trade The Market
legal