35 Comments

  1. Hey Justin, thanks for this analysis… you are one of the few people that really make it easier for people like us to know how to trade. keep up the good work… you just got a follower, now ill also be recommending beginners to your channel as well.

  2. on my trading view chart it closed @ 1.1006 on the daily. on H4, it closed as far as 1.1023 but has gone down below the vertical trendline support and just sitting slightly above the diagonal trendline/support @ 1.1007. on H4, it looks like a nice break out and retest of the diagonal support but i would like to see it bounce back up and close above the vertical support as well later today for a strongler confluence as taught by Justin. On the other hand, EURGBP suddenly had a massive drop of around 170pips. How will this affect EURUSD? (newbie here in fxtrading).

  3. Hi Justin and thanks for this video. I agree with you.Today(Friday in Australia) will be important to see where price will go. I use a EMA(200) and EMA(50) for trend direction and seems the downtrend bias still in place. The TL is close to a Fibo(50) and in my view this could be a false break out.Today price opened on top of the TL and depending what the ECOFIN meeting results we may see some move. I have this pair short opened last Tuesday and I hope the EMA(50) keep rejecting any up move. Anyway I will be looking the levels you mentioned. Thanks again for your analysis.

  4. At this point it's very difficult for me to see EURUSD trending up, EUR is reacting as a risk asset motivated by ECB minutes today and optimism by the US/China trade war, in the USD side, today we had CPI weaker than expected and this is in line with the sentiment of another rate cut by month end, but Powell has repeated several times that no cut will be made. In any case between today and tomorrow US and China will be holding important meetings where is expected to finally sign something, if this happens and the market sees a positive outcome (which is highly possible) then probably EURUSD will keep trending down and market will change expectations to US/EU trade war. ECB is expected to keep its Asset Purchase Program unlimited, this is very bearish for the EUR, the market is watching 1.10 as a pivot point and even if we get a bad outcome from US/China I don't see EURUSD above 1.11

Leave a Reply

Your email address will not be published.


*