EURUSD

The EUR/USD is trading close to yesterday's levels around 1.13, currently at 1.1272. Main trend remains bearish with first resistance at 1.1410, which is where bulls are trying to go. On the other hand, first support level is 1.1140.

After a sharp change in the Fed's rhetoric, at the end of the two-day meeting in March, there was the inevitable weakening of the dollar to all world currencies. As you know, in the beginning of the year, the Fed had plans for raising the refinancing rate four times. Now the situation has changed and now it is conducted only on two upcoming enhancements.

Such Fed's actions have become a signal for investors to understand what the market is planned preparation for the reduced rate. The basis for this assumption was compiled on March 16 about inflation, suggesting a decrease in the growth rate of consumer prices from 1.4% to 1.0%.
Against this background, and also noted the reduction of industrial production, the rate of decline is increased from 0.7% to 1.0%. Therefore, for investors it becomes apparent that there is a gradual deterioration of the macroeconomic dynamics that appears to reduce the growth estimates for the economy announced by the Fed.

The main reason for the fall of the American currency is just forecasts, voiced by the Fed. The decision of the US central bank suggested that in the near future the dollar will continue weakening. At the moment, investors and participants of currency exchanges on the best to buy Canadian dollars, Norwegian kroner or Russian rubles, which considerably strengthened in recent days not only due to the decision of the Federal Reserve in the US monetary policy, but also because of the current term, crude oil prices.

It should be noted that the strengthening of oil prices is not only against the background of a falling dollar, but also in anticipation of positive news about the forthcoming decision on the agreement, which was w reached about freezing the volume of "black gold" production Russia, Saudi Arabia, Qatar and Venezuela.

Oh please tells us more how you know for SURE what the pair is going to do next.
I almost never pick on traders, but you're asking for it with your arrogance. Also, 25 pounds? 25?! really? I just ordered food and bought a juice and ciggs and spend 15 gbp. By the end of they day, most likely my shit will be worth more than 25gbp. I so don't get why people waste valuable time.... but that's none of my business.

On topic holding shorts from under .13 with stops above .135 Looking for 1.123ish. Will add more if it stays under 1.13

Last short closed +20.

Again opened short eu at 1.1280, risking 6pips.

Edit: s/o

Only I think or really when we all think the same way in the direction of movement USD, it surely goes the other way?
Or almost going anywhere, looking at the past "volatile" news

Well done everyone..more green pips to U all!

very nice 1st post
Welcome!Its refreshing to read fundamental view for a change.My analyses in general are based on fundies.
regards

To add to it I believe AU NU would start cutting rates in coming months specially AU which is too strong for RBA liking.It can derail Australia's chance of growth.Their ideal price is 65 so at 76 is way appreciated.

buy closed

sold 1.1289

it is open that market punish negative raters japan and euro and protect positive rater usa.market setup stoped giving more advantage to countries with negative rates and turned currency strong and give advantage to hiker america with weak curecny with little help of american central bank

about yesterday uj jump up,market have big rumor japan central bank action.ı tell earlier g7 central banks are active player in martket more then everytime in history.so dont trade against them

We had our retrace.

Buying again.

friday after englang close american central bank favorite hour to maniplate curency this week we can not see profit taking

Looks like not the best place to buy, but wish you green pips.

so is EurUSD coming down? or going up?

if price breaks 1333 R next immediate target is 1395

Yes i don't need to buy at the exact bottom, i'm too old for such kind of virtuosity

But ok i'll get my 100 pips pretty soon, february highs are calling.

I think not yet.

Sold here at 1.1286

eu long

me too, Short here at 1.1289

EU still have bull power ,likely to reach 1.1420 resistance area sooner or later or next week and from there will look to sell with PA confirmation for 350+ pips target down.