EUR/USD
Mar 16, 2016 at 11:28
The EUR/USD is trading lower today due to technicals and fundamentals combined. Main trend remains bullish, but a correction is currently taking place and driving price down below 1.11. First support 1.1060. First resistance 1.1135.
Miembro desde Jul 10, 2014
posts 1117
Mar 16, 2016 at 15:43
EUR/USD will probably reach 1.1020, but we still have to wait and see what effect Fed will have on the market later today.
Miembro desde Oct 11, 2013
posts 775
Mar 17, 2016 at 04:00
if the EURUSD stays above the 1.1200 level, then that level may become support. For now the 1.1300 could be resistance, below the 1.1200, the 1.1100 could also act as support.
Mar 17, 2016 at 08:11
The single currency recorded a significant growth against the dollar yesterday after the Federal Reserve left interest rates unchanged. Extreme values were reached at 1.1241 and 1.1057. The main technical outlook remains neutral, but as long as stays above 1.1065, the price is still in the upward phase.
Miembro desde Apr 08, 2014
posts 1141
Mar 17, 2016 at 08:48
Yesterday EURUSD rose with a wide range and closed near the high of the day, in addition managed to close above the previous day high also engulfing the previous four days suggesting a strong bullish momentum.
The pair continues to trade above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
According to Janet Yellen the economic activity has been expanding at a moderate pace however lowered the GDP growth plus inflation estimates for this year and 2017.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1121 (support) and a daily support at 1.1097.
The pair continues to trade above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
According to Janet Yellen the economic activity has been expanding at a moderate pace however lowered the GDP growth plus inflation estimates for this year and 2017.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1121 (support) and a daily support at 1.1097.
"I trade to make money not to be right."
Miembro desde Jul 10, 2014
posts 1117
Mar 17, 2016 at 16:29
The fundamentals pushed the pair above the resistance at 1.1200, but EUR/USD is yet to break above the previous high at 1.1380. Should that happen I think we can expect a further climb towards the next resistance at 1.1500, perhaps even 1.1550.
Miembro desde Oct 11, 2013
posts 775
Mar 17, 2016 at 21:53
Well, lets see if the fundamentals do keep the EURUSD above the 1.1300 level or if it retraces to the downside. The 1.12 or 1.11 levels could be support. Next resistance could be the 1.1400 level.
Mar 18, 2016 at 07:29
The single currency continued to add value against the dollar during yesterday's session, gaining almost 100 pips to 1.1314. Trading took place within the extreme values 1.1205 and 1.1342, and thus the euro scored a one month peak. Currently, the bulls remain in a leading position as an immediate target appears to be 1.1380.
Miembro desde Apr 08, 2014
posts 1141
Mar 18, 2016 at 08:33
Yesterday EURUSD rose again but this time with a narrow range and closed near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.
The pair continues to trade above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
Today we may see some sell as traders close some positions due to profit taking and not hold full positions over the weekend.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1152 (support) and a daily support at 1.1097.
The pair continues to trade above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
Today we may see some sell as traders close some positions due to profit taking and not hold full positions over the weekend.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1152 (support) and a daily support at 1.1097.
"I trade to make money not to be right."
Miembro desde Oct 02, 2014
posts 909
Mar 18, 2016 at 08:51
Waiting to go short at 1.1410
Positivity
Mar 18, 2016 at 11:41
ECB signaled that they reached the peak at negative interest rates after a year and a half of implementation without significant result. This does not mean that these incentives will not stay long in power. Probably zero interest rates will persist, which will benefit industrial companies and major European exporters. Commercial banks will suffer from interest rate policy, with continuing heavy restructuring. There is no reason to expect a significant change in the exchange rate of the euro against the dollar over the next six months, a modest increase in US interest rates will not be enough to boost the dollar.
