EUR/USD
Mitglied seit Apr 08, 2014
1141 Posts
Oct 26, 2017 at 08:47
On yesterday session, the EURUSD rallied with a wide range ahead of ECB crucial announcement and closed near the high of the day, in addition the currency pair managed to close above Tuesday’s high, which suggests a strong bullish momentum.
The currency pair is trading below the 50-day moving average that should provide dynamic resistance however is trading above 10 and the 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1851 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1790 (support), a daily support at 1.1753 and a key level at 1.1684 (support).
The currency pair is trading below the 50-day moving average that should provide dynamic resistance however is trading above 10 and the 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.2041, the 50-day moving average at 1.1851 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1790 (support), a daily support at 1.1753 and a key level at 1.1684 (support).
"I trade to make money not to be right."
Oct 26, 2017 at 09:02
On Thursday, the euro rose in price against the dollar before the ECB meeting, which could end the period of the soft monetary policy of the European Central Bank. The dollar exchange rate has receded from the recent highs. The pair EUR/USD rose y 0.14% to 1.1827, retreating from the minimum for two weeks of 1.1724, recorded on Monday.
Oct 26, 2017 at 10:30
The euro rose on Thursday, while investors are waiting for details about the plans of the European Central Bank to start winding down the program of buying up bonds, while the dollar made a breather after the recent rally. The euro gained 0.16 percent against the dollar to $1.1831, moving away from Monday's two-week low at $1.1725.
Mitglied seit Jul 10, 2014
1117 Posts
Oct 26, 2017 at 17:36
EUR/USD is testing the support at 1.1670 which coincides with the (MA)89 indicator on the daily time-frame. A breakout below that level will probably lead to a further move to the downside towards 1.1600.
Mitglied seit Apr 08, 2014
1141 Posts
Oct 27, 2017 at 08:20
On yesterday session, the EURUSD dived with an extreme wide range and closed near the low of the day, in addition the currency pair managed to close below Wednesday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: the 10-day moving average at 1.1757 (resistance), a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: the 10-day moving average at 1.1757 (resistance), a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
"I trade to make money not to be right."
Mitglied seit Sep 12, 2015
1948 Posts
Oct 27, 2017 at 11:58
16400 was the level some banks were calling a bottom, just slightly off!!!!
"They mistook leverage with genius".
Mitglied seit Jul 10, 2014
1117 Posts
Oct 27, 2017 at 17:09
EUR/USD is still very bearish and it may remain so next week. If it does the next target could be around 1.1400, even 1.1350.
Mitglied seit Apr 08, 2014
1141 Posts
Oct 30, 2017 at 10:13
On the last Friday’s session the EURUSD fell with a narrow range and closed in the middle of the daily range, however the currency pair managed to close below Thursday’s low, which suggests bearish momentum.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, the 10-day moving average at 1.1722 (resistance), a key level at 1.1684 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, the 10-day moving average at 1.1722 (resistance), a key level at 1.1684 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1117 Posts
Oct 30, 2017 at 18:37
csc2009 posted:
I'm expecting some upward correction movement, but as long as Eur/Usd remain below 1.1620 level, the pair bearish trend would extended.
It did break out above 1.1620 and it could even move to the upside towards 1.1670, but the bearish trend is likely not over yet.
Mitglied seit Apr 08, 2014
1141 Posts
Oct 31, 2017 at 10:21
On yesterday session, the EURUSD rose with a narrow range and closed near the high of the day, however the currency pair managed to close within Friday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, the 10-day moving average at 1.1700 (resistance), a key level at 1.1684 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, the 10-day moving average at 1.1700 (resistance), a key level at 1.1684 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
"I trade to make money not to be right."
Mitglied seit Apr 08, 2014
1141 Posts
Nov 01, 2017 at 10:50
On yesterday session, the EURUSD went back and forward without any clear direction but closed in the green, in the middle of the daily range, however the currency pair managed to close within Monday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, the 10-day moving average at 1.1688 (resistance), a key level at 1.1684 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, the 10-day moving average at 1.1688 (resistance), a key level at 1.1684 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1117 Posts
Nov 01, 2017 at 18:39
EUR/USD is consolidating above 1.1575 and it may soon test that level once again. A proper breakout probably won't occur before the fundamentals tomorrow and on Friday.
Mitglied seit Apr 08, 2014
1141 Posts
Nov 02, 2017 at 09:48
On yesterday session, the EURUSD fell with a wide range after Fed interest rate decision and closed near the low of the day, in addition the currency pair managed to close below Tuesday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1673 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
The currency pair is trading below the 10 and 50-day moving averages that should provide dynamic resistance however is trading above the 200-day moving average that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1673 (resistance), the 1st head and shoulders target at 1.1593 (support), a daily support at 1.1558 and other daily support at 1.1460.
"I trade to make money not to be right."
