EUR/USD
Miembro desde Oct 11, 2013
posts 775
Dec 09, 2015 at 04:20
The EURUSD is staying at current levels, but with the FED decision next week it may go back down and the ECB is not really over with injecting more stimulus.
Dec 09, 2015 at 07:36
The single currency recorded an increase against the dollar on Tuesday. The session started at 1.0836 and ended 54 pips higher. After steady upward movement the price managed to break the first resistance at 1.0854. If the pair justify the positive expectations, the price will continue its upward movement.
Dec 09, 2015 at 08:35
Goldman Sachs still expect parity in EUR/USD
The forex strategists of Goldman Sachs revised upwards their forecast for the euro, but still expect it to reach parity with the dollar in the next 12 months.
From Goldman Sachs reviewed quarterly expectations for EUR/USD of $1.02 to $1.07, semi - from $1.00 to $1.05, and 12-month - from $0.95 to $1.00.
The forex strategists of Goldman Sachs revised upwards their forecast for the euro, but still expect it to reach parity with the dollar in the next 12 months.
From Goldman Sachs reviewed quarterly expectations for EUR/USD of $1.02 to $1.07, semi - from $1.00 to $1.05, and 12-month - from $0.95 to $1.00.
Miembro desde Apr 08, 2014
posts 1141
Dec 09, 2015 at 11:12
Yesterday the EURUSD rose with a narrow range and close near the high of the day plus above the previous day high, suggesting a strong bullish momentum for today.
Today we should pay attention to the close and a potential close above the 50-day moving average would set the bullish tone for the couple of days.
The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1079 (resistance), the 50-day moving average at 1.00894 (resistance), 1.0900 (resistance) and 1.0819 (support).
Today we should pay attention to the close and a potential close above the 50-day moving average would set the bullish tone for the couple of days.
The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1079 (resistance), the 50-day moving average at 1.00894 (resistance), 1.0900 (resistance) and 1.0819 (support).
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
posts 1117
Dec 09, 2015 at 16:36
EUR/USD is still testing the resistance at 1.0980. It's possible it will form a double top here and move to the downside again, or if it breaks above that level it will continue climbing towards 1.1050 - 1.1100.
Miembro desde Jun 08, 2014
posts 454
Dec 09, 2015 at 16:58
that was a good rally, from 1.0900 and now price is testing 1.100 I closed my position to be sure and I will wait for an entry over 1.1050.
Miembro desde Sep 12, 2015
posts 1948
Dec 09, 2015 at 20:01
Is this the big short down to parity?:)
"They mistook leverage with genius".
Miembro desde Oct 11, 2013
posts 775
Dec 10, 2015 at 02:37
The rally on the EURUSD makes things more difficult for the ECB as the strong Euro hurts inflationary pressures on the Eurozone.
forex_trader_278441
Miembro desde Oct 04, 2015
posts 52
Dec 10, 2015 at 07:03
EUR/USD’s upbeat momentum faltered near 1.1050 - key resistance in the previous session, and the price retreated thereon and now looks to give away 1.10 handle as we head into the late-Asian trades.
EUR/USD off monthly highs, attacks 1.1000
Currently, the EUR/USD pair loses -0.13% and trades at 1.1008, testing 1.10 barrier. The main currency pair halted its 2-day winning streak and turned negative after the USD bulls jumped back on the bids, attempting a minor correction after yesterday’s extensive slide.
On Wednesday, the shared currency rallied to the highest levels since Oct versus the US dollar after ECB’s Governing Council members backed the recent ECB policy decision, citing that markets had unrealistic easing expectations from the central bank. This further fuelled another round of post-ECB shorts squeeze.
Looking ahead, in absence of macro update for the EUR in the day ahead, focus now remains on the SNB decision which may have major impact on the EUR/CHF pair, eventually impacting EUR/USD somewhat. While the sentiment on the European stocks will also play a key role today.
EUR/USD Technical Levels
The pair struggles above 1.10 handle, with the next hurdle in sight is located at 1.1041 (Dec 9 High) and from there to 1.1072/84 (100 & 200-DMA). To the downside, the immediate support is seen at 1.0990 (1h 20-SMA). Selling pressure will intensify below the last, dragging the pair towards 1.0926/27 (1h 50-SMA/ 5-DMA).
EUR/USD off monthly highs, attacks 1.1000
Currently, the EUR/USD pair loses -0.13% and trades at 1.1008, testing 1.10 barrier. The main currency pair halted its 2-day winning streak and turned negative after the USD bulls jumped back on the bids, attempting a minor correction after yesterday’s extensive slide.
On Wednesday, the shared currency rallied to the highest levels since Oct versus the US dollar after ECB’s Governing Council members backed the recent ECB policy decision, citing that markets had unrealistic easing expectations from the central bank. This further fuelled another round of post-ECB shorts squeeze.
Looking ahead, in absence of macro update for the EUR in the day ahead, focus now remains on the SNB decision which may have major impact on the EUR/CHF pair, eventually impacting EUR/USD somewhat. While the sentiment on the European stocks will also play a key role today.
EUR/USD Technical Levels
The pair struggles above 1.10 handle, with the next hurdle in sight is located at 1.1041 (Dec 9 High) and from there to 1.1072/84 (100 & 200-DMA). To the downside, the immediate support is seen at 1.0990 (1h 20-SMA). Selling pressure will intensify below the last, dragging the pair towards 1.0926/27 (1h 50-SMA/ 5-DMA).
Dec 10, 2015 at 07:57
On Wednesday session the single currency recorded strong growth against the US dollar. The session started at 1.0890 and ended at 1.1024. The daily extremes were 1.0878 and 1.1041. If the upward trend continues, we may expect a test of the first resistance at 1.1106.
Dec 10, 2015 at 08:02
victoriajensen posted:
EUR/USD is still testing the resistance at 1.0980. It's possible it will form a double top here and move to the downside again, or if it breaks above that level it will continue climbing towards 1.1050 - 1.1100.
So far, 1.10 level is still holding, we are looking for next target zone 1.105-1.110.
forex_trader_278441
Miembro desde Oct 04, 2015
posts 52
Dec 10, 2015 at 08:43
Feel some RED blood going through the river here....
Miembro desde Apr 08, 2014
posts 1141
Dec 10, 2015 at 09:17
Yesterday the EURUSD rallied with a wide range and close near the high of the day plus above the previous day high, suggesting a strong bullish momentum.
The pair closed above the above the 50-day moving average on a strong move but a second close would show a confirmation of the phase change, going from bearish to a recovery phase.
The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1081 (resistance), the 50-day moving average at 1.0888 (support), 1.0900 (support) and 1.0819 (support).
The pair closed above the above the 50-day moving average on a strong move but a second close would show a confirmation of the phase change, going from bearish to a recovery phase.
The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1081 (resistance), the 50-day moving average at 1.0888 (support), 1.0900 (support) and 1.0819 (support).
"I trade to make money not to be right."
forex_trader_278441
Miembro desde Oct 04, 2015
posts 52
Dec 10, 2015 at 10:31
Well Hugo... hope you are still 'ALIVE' :)
More short is coming after BoE (and the ECB and FED next week) !
More short is coming after BoE (and the ECB and FED next week) !
Miembro desde Sep 12, 2015
posts 1948
Dec 10, 2015 at 12:09
hi guys,got knocked out a few times yesterday,eventually got short at 11043,closed out 11015.I was watching out for the 11050 level,we didn't hit that level,too obvious that we would hit an exact round number,of course I should have held my position over night and put in a guaranteed stop loss,but I don't like slippage and don't hold over night positions ,I think we will see a retest of these levels until we get news.Looking at the chart now,looks like we have the start of another bullish move (11.00am)
be lucky.
be lucky.
"They mistook leverage with genius".
