Brian Twomey
Brian's Investment
EUR/USD vital levels are presently located at 1.1442, 1.1650, 1.1716, 1.1865, 1.2031, 1.2038 and 1.2052.
Above 1.2052 then 1.2119, 1.2186, 1.2253, 1.2321, 1.2456, 1.2591.
See a 1.2600 target? As EUR/USD drops further then the MA lines drop so 1.2591 will travel lower.
Note 1.2052. At week's beginning, 1.2052 was 1.2073. This is the main line driving EUR/USD's price. I suspect this line will drop below 1.2038 and 1.2031 to form a line at 1.1900's around 1.1948 so the middle 1.1950's will become solid resistance against 2 MA lines.
Current EUR/USD either from 1.2073 or present 1.2052 is massively oversold and targets easily 1.2002 however caution exists at 1.1950's.
Best Buy
May 24 was posted a trade recommendation to Best Buy Stock. Long Best Buy lows at 114.35 and highs at 115.51.
Best Buy achieved highs at 118.35 on higher and expected earnings. As suggested against a high PE ratio at 16.80 was short from 118.35. Lows achieved 107.63 last Thursday for +11 points. Best Buy PE is now 12.74 and ready to travel higher. A good target is 110.41.
I was a stock trader long before I ever considered currencies.
Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.
Recommended Content
Editors’ Picks
AUD/USD struggles near multi-month low below 0.6400, US CPI eyed
AUD/USD enters a bearish consolidation phase near a multi-month low of 0.6365 set on Tuesday. China's economic woes and less hawkish RBA remain a drag on the pair. Traders await the US CPI report on Wednesday before placing fresh directional bets.
USD/JPY drops from 152.00 after Japanese PPI data
USD/JPY eases from 152.00 in Wednesday's Asian trading, stalling a two-day uptrend. A hot Japan PPI report leaves the door open for a BoJ rate hike next week, supporting the Japanese Yen while the US Dollar upswing takes a breather ahead of the US CPI data release.
Gold price holds firm at around $2,700 ahead of US CPI report
Gold price sticks to its positive bias for the third straight session and advances to over a two-week high near $2,700 early Wednesday. Geopolitical tensions and the resumption of buying by China’s central bank for the first time in seven months act as a tailwind for the XAU/USD.
Ripple's XRP breaks out of downtrend as RLUSD receives greenlight from New York regulators
Ripple's CEO Brad Garlinghouse announced on Tuesday that the company received a green light from the New York Department of Financial Services on the launch of its stablecoin RLUSD.
How the US-China trade dispute is redefining global trade
Since Donald Trump took office in 2017, trade flows and market shares have changed substantially. We think that shift is set to continue under looming tariffs and a new protectionist environment.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.