EUR/USD
Sep 20, 2016 at 11:00
The EUR/USD is trading steadily in today's session as market participants anticipate the big decision on Wednesday. Low volatility can be expected in the couple of days before FED decides whether they are raising the interest rate this month. CMP 1.1180.
Miembro desde Jul 10, 2014
posts 1117
Sep 20, 2016 at 12:39
(editado Sep 20, 2016 at 12:53)
EUR/USD bounced off 1.1210 after its move to the upside yesterday and currently it is back to testing the support at 1.1180 - 1.1170, I doubt we will see any major changes before the fundamentals tomorrow.
Sep 20, 2016 at 19:24
The EUR/USD pair was trading for shortly above the 1.1200 mark during the Europe session, but sloped donward in the afternoon and closed around 1.1160. Having in mind the upcoming Fed meeting tomorrow, the pair might meet 1.0505-1.1060 level or go to 1.1610 – 1.1280 area. This midway situation probably will be solved tomorrow.
Sep 21, 2016 at 05:14
EUR/USD marked a decline on Tuesday session and wiped out the gains from the previous session. The euro depreciated by 20 pips against the dollar to 1.1150 after trading within 1.1213 and 1.1149. Bears remain in a leading position with a likely target 1.1105.
Miembro desde Apr 08, 2014
posts 1141
Sep 21, 2016 at 07:48
Yesterday the EURUSD tried to rally but found enough resistance to give back all its gains to the market and closed near the low of the day, although managed to close within the previous day range, which suggests being slightly on the bullish side of neutral.
The pair continues to trade below all three moving averages 10, 50 and the 200-day that should act as dynamic resistances.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1199 (resistance), and a daily support at 1.1097.
Warning: Later today we have the Fed’s interest rate decision and monetary policy statement so expect high volatility in the currency pair.
The pair continues to trade below all three moving averages 10, 50 and the 200-day that should act as dynamic resistances.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1199 (resistance), and a daily support at 1.1097.
Warning: Later today we have the Fed’s interest rate decision and monetary policy statement so expect high volatility in the currency pair.
"I trade to make money not to be right."
Sep 21, 2016 at 20:26
The long awaited BoJ and Fed's meetings turned to be huge disappointment for the US dollar, as both bankers announced the will keep the interest rates unchanged. Following this the US dollar weakened and the EUR/USD pair dragged to 1.1184. The situation now is neutral to bearish.
Miembro desde Apr 08, 2014
posts 1141
Sep 22, 2016 at 06:36
Yesterday the EURUSD initially fell but found enough buying pressure to reverse and closed near the high of the day, although managed to close within the previous day range, which suggests being slightly on the bullish side of neutral.
The pair closed below all three moving averages 10, 50 and the 200-day that are acting as dynamic resistances.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1200 (resistance), and a daily support at 1.1097.
The pair closed below all three moving averages 10, 50 and the 200-day that are acting as dynamic resistances.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1200 (resistance), and a daily support at 1.1097.
"I trade to make money not to be right."
Sep 22, 2016 at 07:11
EUR/USD is slightly up since yesterday's FOMC meeting when it became clear that the Fed is not raising rates this month. Market participants were not surprised by the decision so the market environment did not change much. CMP: 1.1234.
Miembro desde Jul 10, 2014
posts 1117
Sep 22, 2016 at 12:18
EUR/USD broke above 1.1200 and is currently testing 1.1245. A breakout above that level will likely lead to a further move to the upside towards 1.1300 again.
Sep 22, 2016 at 12:50
(editado Sep 22, 2016 at 12:51)
Strong jobless data. Unemployment and participation data for the US next month will be interesting. If we see improvement, even a November hike could be on the table as Yellen said it is a live meeting with eyes on continued job improvements.
Miembro desde Apr 08, 2014
posts 1141
Sep 23, 2016 at 06:36
Yesterday the EURUSD initially rallied but found enough selling pressure at 1.1237 to give back to the market most of its gains but closed in the green however near the low of the day, in addition managed to close above the previous day high, which suggests a weak bullish momentum.
The pair closed above all three moving averages 10, 50 and the 200-day that are acting as dynamic resistances.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1201 (support), and a daily support at 1.1097.
The pair closed above all three moving averages 10, 50 and the 200-day that are acting as dynamic resistances.
The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily resistance at 1.1237, the 200-day moving average at 1.1201 (support), and a daily support at 1.1097.
"I trade to make money not to be right."
Sep 23, 2016 at 10:24
EUR/USD is trading met resistance in the face of 1.1250 and then pulled back to lower levels. The pair is now 1.1212 and bulls need to try once more if they want to get to next target at 1.1310. On the other hand, bears need to stay in the descending channel if they want to continue being in the driver's seat.
Miembro desde Jul 10, 2014
posts 1117
Sep 23, 2016 at 12:39
EUR/USD bounced off 1.1200 again after forming an inverted hammer candlestick above that support on the four-hour time-frame. Next target is likely the previous high at 1.1260.
Sep 26, 2016 at 05:51
EUR/USD is trading slightly lower today opening at 1.1241 and currently trading at 1.1229. The pair might attempt to visit the resistance level at 1.13 and if that happens bears will probably make a move to depreciate price to lower levels. If not, bulls need to go above 1.1340 to confirm a breakout from the descending trend channel.
Sep 26, 2016 at 06:33
The euro rose against the dollar on Friday. By the close of US trading EUR / USD was trading at 1.1227, gaining 0.17%. I believe that the support is now located at the level of 1.1119, Wednesday's low and resistance is at the level of 1.1258 - the maximum of Thursday.
