User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday February 6, 2020 - 16:13:39 GMT
Global-View.com - www.global-view.com

Share This Story:
| | Email

Forex View: What's Next? EURUSD January Low Taken Out.

When we left off last week it looked like the EURUSD was focused on the January high at 1.1225. However, with the risk pendulum swinging back to on from off, positions taken towards the end of last week have been squeezed out.

In my article, Has the EURUSD Set its Low or High for the Year?, I debunked the theory that the EURUSD low or high for the tear is set in January but did mention that there is a pattern where it has been occurring in alternate years. Since the EURUSD 2019 high for the year was set in January, a continuation of this pattern would suggest that neither the low nor high would be set during 2020.

Well, the January low was just taken out on Thursday, February 6, which leaves only the high set in January at 1.1225 intact.

What does this imply?

By itself, it means little except for those who believe in the January Effect despite evidence to the contrary will take it as a bearish sign, especially those in the consensus who came into the year with a bearish dollar/bullish EURUSD view.

I, personally, will put the 1.1225 level on the backburner but will keep it in mind as the year progresses given the January low/high alternate year pattern should the dollar reverse direction.

In the meantime, I personally will continue to let the Amazing Trader and its Ladder Strategy guide me, where EURUSD 1.0980 (just broken as I type) is the next key level guarding 1.1940 and 1.0878.

I try not to make my articles promotional articles for our Amazing Trader and the AT Ladder Strategy but as you can see by this 4 hour chart, following its logic would have had you trading on the right side with a strategy to taken advantage of it. For those interested, send me an email at jay@global-view.com and as about our current promotions.

Jay Meisler

jay@global-view.com

 

Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."



Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube




pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
The Amazing Trader
Forex Opportunities
Forex Affiliates
Forex CopyTrading
GVI Forex