Forex Update

Euro USD Technical Forex Analysis for Forex Traders

USD Technical Analysis for Forex Traders

EURO USD Forex Trading Tips and Analysis for Day Traders

Rate falls into stops layered close in and accelerates on thinner volumes. Low prints from active selling at 1.4570; rate makes a six-month low and traders report profit-taking bids.

Daily GBP USD Technical Forex Analysis for Forex Trading

Daily USD Forex Analysis for Technical Forex Trading

Euro USD Technical Forex Analysis for Forex Traders

Although rate is off the highs it is holding firm against the USD. If oil retreats expect a pullback but that is a buying opp in my view. Stops in the 1.4750 area cleared on the way lower but holding above there suggests a "buy the dip" mentality; next level is still above the 1.4900 handle most likely. Support solid in my view at 1.4700 area now; grind in two-way action is good but we want higher volumes on rallies to form this bottom.

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