Ticker tape by TradingView

May 25, 2021

EUR- Hottest Market Moves

Frank Cabibi

5/25/2021

Euro pairs are moving the most this morning off of what seems to be better than expected business climate data from the ifo Institute. It serves as a survey to a large sample size to help measure economic health of an economy.

EUR/USD

EURUSD 4H

EU price up 0.16% today as it seems to have peaked for the time being. The pair is hitting support on the 4H chart around 1.22376 and looks like it might cross below that mark. Additional support lies on the rising trend line coupled with a support zone around 1.21817. If the pair hits this support level, we think it could then try to hit a second test at February highs.

EUR/JPY

EURJPY 4H

EJ coming down after a big breakout of a falling channel on the 4H timeframe. This retracement looks like it might have to come down to support at around 132.552 before it hits some solid support. Another minor level of support lies around 133.034, which could be strong enough to bring this pair back up since we are in a relatively long uptrend.

EUR/AUD

EURAUD 1D

Euro Aussie looks pretty bullish right now on the 1D chart as it is heading up toward significant resistance at its 200 DMA and previous top. German ifo Business Climate news came out beating expectations which were forecasted at 98.2 and the result was 99.2. This pair looks more bearish than the others in the long term, but we are bullish up until price hits that resistance level.

A1 Edgefinder

FLASH SALE
Take 40% off the Edge finder using code "READER"
GET ACCESS NOW

want to see what we're trading?

Join The VIP Community!
Our entries, exits & analysis
Live Webinar Coaching
Trading Chatrooms
Strategy Library 
Exclusive Trading Guides
Use Code "READER" for 10% OFF!
JOIN NOWJoin FREE Discord
A1 Trading Podcast
We Like These Pairs For Next Week

As this week comes to a close, we are looking ahead at future setups that could be some of the best opportunities for the next several trading sessions. Here are some pairs for next week that we are looking at. EUR/JPY Recent data has shown a slow down in the German manufacturing sector. With European […]

Read More
More Downside On The SPX500 After This?

When it comes to testimonies, it's all in how you say it. Jerome Powell has to be very particular in the way he makes his statements and answers the ensuing questions. Here is what might be in store for the market in the coming days and weeks, and whether or not there will be more […]

Read More
More Upside For Yen After This

The historically 'safe' currency to hold in times of recessions is in a unique situation now with a couple factors in place. Here is why the yen is stronger today as well as some trade setups that could push its value either up or down. Weaker Yen Now, Stronger Yen Later The Bank of Japan […]

Read More
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
homescreensmartphone linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram