Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE

View
EUR/USD is Ready for Reverse, Amazon's Poor Results

EUR/USD is Ready for Reverse, Amazon's Poor Results

Information is not investment advice

Latest news

  • The US has published the worse-than-expected Advance GDP report. The Advance release is the earliest and thus tends to have the most impact. US unemployment claims and pending home sales fell short of analysts’ forecasts too. The USD dropped yesterday, but today started reversing up.
  • Nasdaq 100 dropped more than 1% as Amazon released less than expected sales and revenue. It signaled that Amazon’s rapid growth through the pandemic waned, that’s why investors started selling the stock. However, Amazon is well-positioned in the long term, that’s why wait for the stock to slide a bit more and consider buying the dips.
  • Stock prices are volatile this week amid China’s pressures on its big-cap companies and earning season. The Fed’s expansive monetary policy continues to support broad market sentiment after Jerome Powell claimed the central bank will pare back stimulus gradually and if the US economy makes enough progress.

Tech tips

EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up. The 1.1870 level was acting as resistance before, but now this level has become support. Moreover, there is a 200-period moving average below it, making this level even harder to break. Thus, there is a high probability that the pair reverses up. If it crosses the psychological mark of 1.1900, it may jump to the 38.2% Fibonacci retracement level of 1.1950.  

EURUSDH4.png

Read more about how to trade retracements.

Gold has reversed down from the 50.0% Fibonacci retracement level. It’s moving down to the 200-day moving average at $1820. The move below it will open the doors towards the 38.2% Fibonacci retracement level of $1815. On the flip side, if the yellow metal breaks above the $1833 resistance level, it will rally up to $1850.

XAUUSDDaily.png

Now is the best time to trade XBR/USD (Brent oil). It’s moving back and forth inside the ascending channel. Now it reversed down from the upper trend line and it’s likely to fall to the lower one at $74.00. After that, it will bounce off the lower trend line and reverse up.

XBRUSDH4.png

TRADE NOW

Similar

Popular

Choose your payment system

Be on top of your game

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later