Monthly Archives: June 2016

Market Commentary 30/06/16

EUR/USD – Possible Reversal In Play After making another new high a couple of hours ago the price of EUR/USD is now falling and we might be seeing the start of a move lower. You can see how after making…

Market Commentary 29/06/16

EUR/USD – New High The past couple of hours has seen the price of EUR/USD rise again past the previous high which was made yesterday. The break of the high suggests further up-movement although the fact that each new high…

Market Commentary 28/06/16

EUR/USD – Moving Higher After Stop Run Today we have seen the price move higher after hitting the sell stops which were beginning to build up around the 1.0960 – 1.0970 level yesterday. Once the market had fallen into the…

Market Commentary 27/06/16

EUR/USD – Falling After Gap Lower EUR/USD is currently falling after a gap occurred when the market opened late last night. The price continued to fall once the market had gapped lower until the open of the London session caused…

Market Commentary 24/06/16

EUR/USD – Big Drop After Brexit, Recovery May Be In Progress Last night Britain decide to leave the EU, the effect this has had on the market has been dramatic with huge declines taking place the likes of which have…

Market Commentary 23/06/16

EUR/USD – Supply Zone Broken The supply zone which the market had entered when I published yesterdays post has now been broken after being tested for a second time. We can see the price failed to continue moving lower after…

Market Commentary 22/06/16

EUR/USD – Supply Zone Hit The supply zone which I marked out in my last post has been hit and we are now starting to see the market’s reaction to it. If we continue to see the price drop from…

Market Commentary 21/06/16

EUR/USD – Initial Retracement Turns Into Steep Drop Yesterday we saw the market retracing after a gap higher, it seemed as though the retracement was caused by the bank traders taking profits off buy positions but with today’s drop it’s…

Market Commentary 20/06/16

EUR/USD – Gap Higher All four major currencies suffered a gap when the markets opened last night, EUR/USD gaped higher and has been falling since the open of the London trading session at 8.00am The price continued moving higher after…

Market Commentary 17/06/16

EUR/USD – Rebounds Higher After Big Drop Yesterday we saw the price drop a large distance but amazingly the buying which looked to be traders taking profits off sell trades placed before the drop actually turned out to be people…