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.

Feed news

Latest Forex Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD extends gains beyond 1.1820 after mixed US data

EUR/USD has extended its gains above 1.1820 after Durable Goods Orders missed expectations but the CB Consumer Confidence exceeded them. US yields are on the backfoot. Covid and infrastructure headlines are eyed.


GBP/USD soars toward 1.38 on UK covid optimism, dollar weakness

GBP/USD is trading close to 1.39, surging higher. The pound benefits from the drop in British covid cases while the dollar turned down after rising earlier. The US published mixed data.


Gold battles $1,800 as USD lingers near highs

Gold prices loiter near the $1,800 mark for the past five trading sessions. The US dollar remains steady near the four-month high ahead of the Fed’s interest rate decision. The prices moved cautiously despite the general negative sentiments surrounding the greenback.

Gold News

Crypto markets bleed after Amazon denies rumors; uptrend intact

Bitcoin price is experiencing a pullback after rallying 38% to tag $40,000. Ethereum price promptly follows BTC as it eyes a retracement to the $2,018 support level.

Read more

FX: 10 things to watch this week

Taking a look at the economic calendar, it is set to be a busy week for the forex market. There’s a central bank rate decision, GDP, inflation and employment reports scheduled for release. A number of big tech companies have ...

Read more