EUR/USD
Aug 26, 2015 at 06:25
On Tuesday EUR/USD broke the four-day rally, given that the euro has depreciated by nearly 100 pips against the dollar to a closing price of 1.1515. The session was held within the extreme values at 1.1620 and 1.1397. Relative strength index retreated from extreme levels, but continues to support the bulls and graphics develops over moving averages, alluding a continuing growth.
Member Since Apr 08, 2014
1141 posts
Aug 26, 2015 at 17:49
Yesterday the EURUSD pair fell after a rally of four straight days and closed in the red near the low of the day on a narrow range, creating an inside day. The currency did not managed to stay above the daily resistance at 1.1556 suggesting that a stronger pullback may be coming in the next few days.
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Aug 26, 2015 at 19:29
EUR/USD continued falling and reached the support at 1.1320. I think that should it break below that support it will probably continue moving to the downside at least until it reaches the the support at 1.1170 which coincides with the (89)MA on the four hour filter chart.
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Aug 26, 2015 at 22:51
(edited Aug 26, 2015 at 22:51)
good analysis ,will if the ascendant rectangle holds? for how long untill the break out? or not ,a massive downside break out forecast for me occuring within 2 weeks
forex_trader_249603
Member Since May 13, 2015
83 posts
Aug 27, 2015 at 06:42
victoriajensen posted:
EUR/USD continued falling and reached the support at 1.1320. I think that should it break below that support it will probably continue moving to the downside at least until it reaches the the support at 1.1170 which coincides with the (89)MA on the four hour filter chart.
spot on!
Aug 27, 2015 at 06:56
EUR/USD continued to lose for the second consecutive session on Wednesday. The euro depreciated by nearly 200 pips to a closing price of 1.1312. The daily limit values were reached respectively at 1.1560 and 1.1291. The chart continues to develop over upward moving averages, but the relative strength index passed the negative territory. A break of 1.1290 will contribute to the bearish sentiment.
forex_trader_186239
Member Since Apr 15, 2014
224 posts
Aug 27, 2015 at 08:55
EURUSD oscillated between 2 levels during Asian session. Complicated chaotic behaviour but it was good to extract some profit !
Member Since Apr 08, 2014
1141 posts
Aug 27, 2015 at 15:42
Yesterday EURUSD fell breaking below the inside day made on Tuesday and close near the low of the day on a wide range day as the US durable goods rose unexpected to 2% compared to the market expectations for a decline of 0.4%. Key levels to watch today are: the daily support zone from 1.1237 down to 1.1097.
"I trade to make money not to be right."
Member Since Jun 08, 2014
454 posts
Aug 27, 2015 at 16:39
EUR/USD pull back for the third day with high volatility price will be testing support level 1.1200 and then the MA(20).
Member Since Jul 10, 2014
1117 posts
Aug 27, 2015 at 19:23
EUR/USD reached the support at 1.1190 coinciding with the (89)MA on the four-hour filter chart. So far it hasn't been able to break below that level but should it manage to do so I think we can expect a further move to the downside towards target 1.1080.
Aug 28, 2015 at 08:37
The euro continued to lose against the dollar for a third consecutive day on Thursday and is about to record a negative week. The single currency has lost nearly 70 pips to a closing price of 1.1244. The daily limit values were reached respectively at 1.1363 and 1.1202. The price overcame the 50-period moving average, while the relative strength index remains negative in territory. Breaking the 1.1180 level will support the bearish sentiment.
Member Since Apr 08, 2014
1141 posts
Aug 28, 2015 at 09:02
Yesterday the EURUSD fell for the 3rd consecutive day but with a narrow range (fading downward momentum) and closed in the red near the low of the day. The currency held on a daily support at 1.1237 where it can be at a good turning point but a close above the 10-day moving average may suggest the end of the current pullback and the start of another bullish move.
"I trade to make money not to be right."
forex_trader_186239
Member Since Apr 15, 2014
224 posts
Aug 28, 2015 at 12:12
hunting stop losses
Member Since Jun 08, 2014
454 posts
Aug 28, 2015 at 19:49
EUR/USD broke the psychological support 1.1200 and now heading for the next support line 1.1160. but I don't think there will be a break before the market close. I guess it will be a chance for short under the support line.
