The euro is still licking its wounds after the past week’s sell-off following the ECB new policy announcement on Thursday. We are looking to get EUR/USD short on upticks. ECB President Mario Draghi will deliver his speech at 17:30 GMT.
This is how MyFXspot.com trades now:
Trading strategy: Sell
Open: 1.1710
Target: -
Stop-loss: 1.1810
Recommended size: 1.50 mini lots per $10,000 in your account
Short analysis: EUR/USD remains heavy, after last Thursday's largest one-day drop since June 24 2016, near-term recovery attempts likely to be limited. We are looking to get EUR/USD short on upticks. Today the three-day ECB Forum on Central Banking starts in Sintra. ECB President Mario Draghi will deliver his opening remarks at 17:30 GMT.
Trading strategy: Await signal
Open: -
Target: -
Stop-loss: -
Recommended size: -
Short analysis: Bullish hammer on Friday was not confirmed today. That is why continuation of bearish move is more likely scenario now.
Trading strategy: Long
Open: 110.30
Target: 111.90
Stop-loss: 109.50
Recommended size: 2.07 mini lots per $10,000 in your account
Short analysis: The doji on Friday's candlestick line, where the market closed very close to where it opened, highlights the indecision that has swept through this market. As USD/JPY marginally took out Wednesday's 110.85 high on Friday means we are retain a slight bullish slant. The tenkan and kijun lines are positive aligned. Our bid at 110.30 was filled today.
Trading strategy: Await signal
Open: -
Target: -
Stop-loss: -
Recommended size: -
Short analysis: The USD/CAD breaks above upper 21-d Bolli resistance at 1.3132 to new 2018 high 1.3202. Next stop Jun 2017 highs by 1.3277. We think no position is justified here from risk/reward perspective.
Trading strategy: Sell
Open: 0.7540
Target: -
Stop-loss: 0.7600
Recommended size: 2.50 mini lots per $10,000 in your account
Short analysis: Bear sentiment increases as the 21-DSMA turns into resistance and the daily cloud and trend line off May's low get broken. An inverted monthly hammer candle and falling RSIs bolster bear sentiment. A sell offer is placed at 0.7540 and the target will be the 2018 low at a minimum.
Trading strategy: Short
Open: 0.8750
Target: 0.8630
Stop-loss: 0.8810
Recommended size: 1.88 mini lots per $10,000 in your account
Short analysis: The pair rebounded from Friday’s low at 0.8718 and our sell order was filled. The pair remains capped by 14-day exponential moving average, which keeps bearish sentiment intact. 
Trading ideas by MyFXspot.com