MEMBERSHIP SPECIAL: Get 40% Off Life-Time Access to Nial Fuller's Professional Trading Course - Ends FEB 28th - Click Here

Login

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 Trade Ideas & Market Commentary by Nial Fuller – February...

Posted on February 20th, 2017 | by | in Forex Trading Commentary | 3 Comments
Weekly Trade Ideas & Market Commentary by Nial Fuller – February 20th to 24th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar still contained under key resistance The EURUSD fell lower last week, but recouped most losses into the week's close after bouncing at 1.0520 key long-term support. We still... Continue Reading

Pullback in Gold Presents Buying Opportunity – 14th February 2017

Posted on February 15th, 2017 | by | in Forex Trading Commentary | 1 Comment
Pullback in Gold Presents Buying Opportunity – 14th February 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Gold - Gold pulling back to support levels, looking to buy As we have discussed in our recent Gold commentaries, prices have been buoyant following a recent bottom that was carved in down near... Continue Reading

Weekly Trade Ideas & Market Analysis by Nial Fuller – February 13th...

Posted on February 13th, 2017 | by | in Forex Trading Commentary | No Comments
Weekly Trade Ideas & Market Analysis by Nial Fuller – February 13th to 17th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar stays contained under key resistance area The EURUSD fell modestly lower last week, following a small bearish fakey with pin bar that formed last week in the resistance... Continue Reading

Potential GBPUSD Buying Opportunity After Pin Bar Signal – 7th February...

Posted on February 8th, 2017 | by | in Forex Trading Commentary | No Comments
Potential GBPUSD Buying Opportunity After Pin Bar Signal – 7th February 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here GBPUSD - Sterling/dollar pin bar buy signal from support The GBPUSD has been flirting with a key support level near 1.2400 in recent weeks, a level we mentioned as a potential buy area in our... Continue Reading

Weekly Trade Ideas & Market Analysis – February 6th to 10th 2017

Posted on February 6th, 2017 | by | in Forex Trading Commentary | 3 Comments
Weekly Trade Ideas & Market Analysis – February 6th to 10th 2017
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD - Euro/dollar bulls and bears battling at key resistance area Following a strong run higher in recent weeks, the EURUSD is showing indecision up at the key resistance area near 1.0770 -... Continue Reading

Now I want to hear from you! - Click Here to Leave a Comment

3 Comments

  1. david says:

    Thanks for your tips, they will help me a lot in forex trading.

  2. Dao Chan says:

    Thank you!

  3. LE THANH LUYEN says:

    Thanh you

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.

legal
Copyright 2008-2017 Learn To Trade The Market