Today was a great day on eurusd, but not so obvious at first. Let’s look at bigger picture. SP500 cut Italy’s rating and eurusd tanked – that was yesterday. Add to this fact that eurusd is in a downtrend so it is hard to take a long position. In a long term yes but when […]
Friday was very interesting – much better Non-Farm Payrolls numbers and strong moves up and down on SPX. In the end bulls took control. Situation is not clear, SPX is below resistance line: but also is still above important support line which you can see on monthly chart.
G20 meeting is next in line in this week. Today we heard that there is chance there will be no referendum in Greece. Market took all this infos quite well. On sp500, we saw a break above 38.2% retracement and then move up to 61.8%, and then another break. Sp500 futures, 1h chart: All this […]