Forex Trading Latest Ideas Outlook - forex trading for nri

Forex Trading Latest Ideas Outlook ~ forex trading for nri

EUR/USD

It is near to the very nice support 1/0950 and market moves up many times from this level. If we look at 100 day moving average we can see the same level of 1.0955. SO there is a chance to earn up to 100 pips. Sell pressure should be lower at that point .

USD/JPY

Yesterday we have seen a lot of pressure on USD from Yen and USD today went down. We can say that upward movements can be less seen in this situation. So, it is good to take SELL position on USD/JPY on bounces.

GBP/USD

It has fallen dramatically but now we can expect a time to fight back and we can see some bullish movements.


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EUR USD Weekly Forecast Feb 29 March 4 (updated) - forex trading for noobs

EUR USD Weekly Forecast Feb 29 March 4 (updated) ~ forex trading for noobs

We have seen EUR/USD struggling in this week as it happened in the last week and now its touching the lower place. We have more data to come for inflation and PMIs in the ECB meeting.

EUR/USD falls to 1.10 as I have already published in the prior week and there was support of 1.0960 as already discussed in the last week. From the start of 2016 this pair is in uptrend from the lower levels of 1.0710 but for now price and the line are now getting more closer to each other.

There will be a high stress of inflation on Mario Draghi and his co-workers. It is expected that ECB will push this pair more lower. Concluding every thing including Fundamental and Technical analysis I will say that:

COMMENT: Sell EUR/USD this week.
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