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Fxsignals

EURUSD ECB Signal Strategy: The 30min ChallengeThe market was largely affected by Italy's proposed budget for 2019 although little activity was noted in EURUSD. Italy has decided not to alter its budget in its reply to the EU, however, in an event further selling in global indices take place Italy will be forced to modify the budget. EURUSD reached its resistance in the 30min chart. A firm break above (preferrably a 30min close) may pave the way for stronger gains. Likewise, a bearish breakout below the support may suggest further weakness is in store. This is a classic breakout strategy ahead of the ECB monetary policy press conference.
Short
by DDMARKETS
EURUSD Trading Signal: 'Hooking' a Rally?EURUSD suffered from moderate losses due the tension between Italy and the EU over Italy's 2019 budget. German exports were down in August, which added to EUR selling. There has been sharp rise in US treasury yields, which caught some traders by surprise. The US treasury yields may continue to dominate many currencies in the FX markets. The technical signal for EURUSD is fairly straightforward. Am rifbreak above the hourly resistance (in green, preferably an hourly close) may pave the way for stronger gains towards the latter resistance (in blue).
Long
by DDMARKETS
Morning Technical Newsletter EUR/USDEUR/USD: Daily perspective: The support area at 1.1479-1.1583 is still in play. Thursday’s movement chalked up a reasonably strong bullish rotation candle, though Friday’s action formed a concerning indecision formation off local resistance circling the 1.1530 area. H4 perspective: Friday’s non-farm payrolls rose 134k in September, below the expected 185k. Average hourly earnings came in line at 0.3%, while the unemployment rate fell slightly and came in at 3.7%, a tad below the 3.8% consensus. The aftermath of the US job’s numbers witnessed an immediate decline to lows of 1.1483. However, the move was a short-lived one as price swiftly recovered to highs of 1.1549: the session high for the day. Areas of consideration: Intraday, however, has the H4 candles eyeing its resistance zone mentioned above at 1.1580-1.1563. In view of its surrounding confluence on the H4, and the fact weekly price is likely to probe as low as 1.1445 this week, a short from 1.1580-1.1563, with stops tucked above its range at 1.1582, could be an option today/early week. Today’s data points: Limited data; US banks closed in observance of Columbus Day.
Short
by GroundStoneHoldings