EUR/USD
Mar 06, 2017 at 07:00
EUR/USD is trading at 1.06 in the preopening hours of the European session today. The pair is consolidating around that level in anticipation of this week's events, namely the NFP and jobs data scheduled for Friday. Current market price 1.0599.
Mitglied seit Jul 11, 2016
8 Posts
Mar 06, 2017 at 08:01
Fed are still planning to increase rates this month.. which indicates a positive economy for the US.
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Mitglied seit Apr 08, 2014
1141 Posts
Mar 06, 2017 at 08:46
On the last Friday’s session the EURUSD rallied with a wide range and closed near the high of the day, in addition the currency pair managed to close above Thursday’s high, which suggests a strong bullish momentum.
The currency pair closed above the 10-day moving average that should provide a dynamic support but continues to trade below the 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0643 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0563 (support) a daily support at 1.0527 and other daily support at 1.0462.
The currency pair closed above the 10-day moving average that should provide a dynamic support but continues to trade below the 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0643 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0563 (support) a daily support at 1.0527 and other daily support at 1.0462.
"I trade to make money not to be right."
Mitglied seit Feb 22, 2015
178 Posts
Mar 06, 2017 at 11:52
People are afraid to buy the EURO
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Mitglied seit Feb 22, 2015
178 Posts
Mar 06, 2017 at 13:36
History of the Central Banking
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forex_trader_338100
Mitglied seit Jun 21, 2016
898 Posts
Mar 06, 2017 at 13:57
At the moment the Eur/Usd is losing 0.30% at 1.0589 and a breakdown of 1.0492 (low Mar.2/Feb.22) would target 1.0452 (low Jan.11) en route to 1.0339 (2017 low Jan.3). On the upside, the next resistance appears at 1.0654 (short term resistance line) seconded by 1.0675 (100-day sma) and finally 1.0682 (high Feb.16).
Mitglied seit Jul 10, 2014
1117 Posts
Mar 06, 2017 at 14:01
EUR/USD will likely start moving to the downside again, especially if it breaks out below 1.0585, which is the (MA)89 indicator on the four-hour time-frame - it has formed several spinning top candlesticks on the same time-frame below the resistance at 1.0640.
Mitglied seit Feb 22, 2015
178 Posts
Mar 06, 2017 at 14:58
Very Strong Resistance point:
1.11385
1.08250
1.06011
1.11385
1.08250
1.06011
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Mar 06, 2017 at 20:10
EUR/USD was seen higher today, but was unable to hold above 1.0600. Currently the pair is testing lows around 1.0578. Meanwhile technical indicators are loosing strength. Immediate support is seen at 1.0525 area and in case of breaking below it, further downslide could be extented towards 1.0500.
Mar 07, 2017 at 06:45
EUR/USD has consolidated around 1.0580 in expectation of this week's data. Market sentiment is predominantly bearish for the pair with major target at 1.0490. Below that, bears would have the advantage of weak support and the opportunity to go to parity.
Mar 07, 2017 at 08:33
EUR/USD bounced off the lows and now is seen hovering around 1.0600. It’s not sure whether the bulls will find enough strength to hold above this line. Since the beginning of February the pair is moving to downwards and in case of breaking below the key support at 1.0550, EUR/USD will be poised to decline further.
Mitglied seit Apr 08, 2014
1141 Posts
Mar 07, 2017 at 08:37
On yesterday session, again the EURUSD initially tried to rally but found enough resistance at 1.0622 to give all of its gains back to the market and closed in the red, near the low of the day, in addition closed within Monday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 10-day moving average that should act as a dynamic support but it continues to trade below the 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0644 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0573 (support) a daily support at 1.0527 and other daily support at 1.0462.
The currency pair is trading above the 10-day moving average that should act as a dynamic support but it continues to trade below the 50 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0644 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0573 (support) a daily support at 1.0527 and other daily support at 1.0462.
"I trade to make money not to be right."
Mitglied seit Feb 16, 2017
5 Posts
Mar 07, 2017 at 12:52
In a few time 1,04 and in medium, 1,11
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Mitglied seit Jun 21, 2016
898 Posts
Mar 07, 2017 at 13:22
Renewed weakness below 1.0560 level is likely to get extended towards 1.0535 intermediate support before the pair eventually drops to the key 1.0500 psychological mark support. On the flip side, the 1.0600 handle remains immediate strong barrier, which if conquered has the potential to lift the pair through three-week high resistance near 1.0640 level towards reclaiming the 1.0700 handle.
Mitglied seit Dec 20, 2016
11 Posts
Mar 07, 2017 at 13:32
New target is 1.09528
Sucsses is the good reward of time surf
Mitglied seit Dec 08, 2016
1 Posts
Mar 07, 2017 at 15:45
HaHaHaHa!
Mitglied seit Sep 12, 2015
1948 Posts
Mar 07, 2017 at 16:53
What century?
"They mistook leverage with genius".
