by Michael Bridgman | Nov 15, 2019 | Forex Tips
The EURUSD 1.1000 level has been supportive all week. The USD was unable to get any sustained traction higher. Today the EURUSD began to move higher and a long was taken risking 8 pips for a potential 25 pips to our daily target at 1.1047. The 1.1050 – 1.1065...
by Michael Bridgman | Nov 8, 2019 | Forex Tips
The EURUSD continued lower today as the USD strength continued. The USDX sustained move higher above current support at 98.00 is bullish as we go into the weekend. The question today was whether or not the EURUSD would test the 1.1000 figure. As it moved lower...
by Michael Bridgman | Nov 7, 2019 | Forex Tips
The currency markets have calmed down after a very reactionary and volatile several months. In my opinion, the markets are looking much more tradeable now. The U.S. – China trade agreement although not yet signed is looking like phase one will now be signed in...
by Michael Bridgman | Nov 5, 2019 | Forex Tips
Risk appetite has returned this week, with both the U.S. and China progressing forward to signing the phase one agreement this month. This has caused the USD to move higher with each whisper of good news regarding the positive developments. Similar to Brexit, it’s not...
by Michael Bridgman | Oct 31, 2019 | Forex Tips
After a second failed attempt to rise above its Asian session high, and a bearish engulfing candle, a short was taken on the EURUSD risking 11 pips for a potential 44 pips to our daily target at 1.1121. There were a number of U.S. economic news releases today so we...
