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Trading Insights

Recognizing Trend Transitions

I see the EUR/USD in a state of transition and not to be left out…I see the U.S. Dollar Index in the same transition. While the EUR/USD is moving sideways at the BOTTOM of its range, the greenback is doing it at the TOP of its uptrend.

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EUR/USD: Breakout Looming?

Being down 3 trades ain’t fun! However, I’m not gonna be rash and just jump in on the first trade setup I see. I believe patience is key to getting pips. So I’m gonna wait for EUR/USD to break out first before I pull the trigger. Check out my trade idea.

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The EUR/USD Enters a Zone of Major Resistance

The EUR/USD has a number of hurdles to overcome before a ceiling it established. I am looking for a ceiling – for now – since the market trend has transitioned into a sideways range. IT IS early in the transition but a “V” bottom is unlikely here with the underlying fundamental picture and the 1.3050 to 1.3200 area is a thick layer of resistance.

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Always bear in mind that your own resolution to succeed is more important than any other one thing.Abraham Lincoln