Monthly Archives: July 2016

Market Commentary 29/07/16

EUR/USD – Market Has Entered Bank Sell Zone Today we have seen further upside on EUR/USD and the market is now inside the sell zone I marked in yesterday’s post as a place where the banks may come into the…

Market Commentary 28/07/16

EUR/USD – FOMC Causes Large Move Higher The retracement that was taking place at the time I published my last post came to an end when the FOMC was released and caused the price to rapidly increase above the highs…

Market Commentary 27/07/16

EUR/USD – Small Retracement Higher EUR/USD is currently in a small retracement after the down-move we saw from the supply zone yesterday came to an end. You can see how the retracement has managed to move a small distance into…

Market Commentary 26/07/16

EUR/USD – Price Falling After Hitting Supply Zone The supply zone created by the drop seen at the end of last week has caused the price to start falling and it’s looking probable the current low will be broken by…

Market Commentary 25/07/16

EUR/USD – Retracement  Back Up To Supply Zone After making a new lower low when the market opened last night EUR/USD is beginning to retrace back up towards the supply zone that formed on Friday. We can see how the…

Market Commentary 22/07/16

EUR/USD – Lows Now Broken, More Downside Likely The low which the market hit yesterday has now been broken and we are beginning to see the price fall. If the fall continues the next target will be the low made…

Market Commentary 21/07/16

EUR/USD – Sudden Up-Move Countered By Large Bearish Engulfing Candle This afternoon we saw the price of EUR/USD increase rapidly before falling with the appearance of a large bearish engulfing candle. It’s my belief the bearish engulf that we seen…

Market Commentary 19/07/16

EUR/USD – Low Broken, Price Now Falling Last night the market broke through the supply zone that formed on Friday before consolidating and finally moving lower this afternoon. Although the move through the supply zone meant the market had made…

Market Commentary 18/07/16

EUR/USD – Gap Higher After Market Open After the large drop lower we saw last week it seemed like a continuation lower was likely but upon the market opening last night the price gapped higher and we have seen the…

Market Commentary 15/07/16

EUR/USD – Large Drop After Testing Bank Area Yesterday the market rose into an area where we knew the bank traders had placed sell trades in the past, after falling back out of the area in the form of a…