Igal Stophner's Blog (25)

Technical Overview:

EUR/USD continues to move between the bands of the channel. For the third consecutive day, the lower band, which rises each day by approximately 15 pips, supports and holds any break down attempt. As for today the lower band of the channel is at 1.389.

Our trading bias for today is neutral. We will wait for a break below the lower band of the channel to enter short…

Continue

Continue

Continue

Technical Overview: 

The week started with a nice gap up. We believe that the market will close this gap and we see this gap as an opportunity for SHORT positions. As you can see on the daily chart, the pair is moving within the channel and we believe it will go down toward the lower band.

Therefore, our short term target is at 1.386



Trading Idea: 

Best levels to enter SHORT positions are anywhere between 1.395 and 1.397.

First target is closing the gap at… Continue

Technical Overview: 

As we predicted yesterday, the short term long at 1.385 with the target of 1.391-1.393 was just accurate. A nice move of between 50 and 60 pips.

This morning, toward the end of the Asian session, the pair broke the crucial support at 1.385. Therefore, we are now looking only for SHORT positions.

Looking at the Daily chart, EUR/USD short term downward momentum has accelerated and the immediate target is 1.378 – the lower band of the equidistant… Continue