EUR/USD
Jan 11, 2016 at 08:14
The single currency broke in the two-day winning streak on Friday. The pair scored a positive week, adding nearly 50 pips. Bottom for the period was reached at 1.0710. Short-term attitudes remain positive, technically the pair is likely to test levels at 1.0995.
Membre depuis Apr 08, 2014
posts 1141
Jan 11, 2016 at 08:34
On the last Friday’s session the EURUSD initially fell but found strong support at the 50-day moving average and closed in the green, near the high of the day, in addition managed to close within the previous day range, suggesting that bullish momentum is settling in.
The pair closed above the 10 and 50-day moving averages that continue acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1052 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0870 (support), the 1.0819 (support) and the 50-day moving average at 1.0807 (support).
The pair closed above the 10 and 50-day moving averages that continue acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1052 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0870 (support), the 1.0819 (support) and the 50-day moving average at 1.0807 (support).
"I trade to make money not to be right."
Membre depuis Jul 10, 2014
posts 1117
Jan 11, 2016 at 14:07
EUR/USD reached 1.0968 and failed to break above that resistance. More importantly, the pair has formed a hanging man candlestick on the weekly time-frame right under the resistance at 1.1000. I think we might see a bigger move to the downside, perhaps towards 1.0600 - 1.0550.
Membre depuis Sep 12, 2015
posts 1948
Jan 11, 2016 at 14:59
Hey if I see a move down like that I will be buying like crazy,I doubt it very much though.
"They mistook leverage with genius".
Membre depuis Jun 08, 2014
posts 454
Jan 11, 2016 at 17:28
EUR/USD is still under the resistance levels. price is forming double top on the 4 hours chart, my entry point for short will be under 1.0800.
Membre depuis Oct 11, 2013
posts 775
Jan 12, 2016 at 03:10
EURUSD with no clear trend. Just waiting for it to take a definite direction away from the 1.0900 level in any direction.
Jan 12, 2016 at 07:27
EUR/USD registered a decrease in the beginning of the new week. The euro depreciated by 60 pips against the dollar to a closing price of 1.0858. The session was held within the extremes at 1.0968 and 1.0848. In the short term prospects seem neutral, as immediate targets appear levels at 1.0995 and 1.0805.
Membre depuis Apr 08, 2014
posts 1141
Jan 12, 2016 at 09:08
On yesterday session the EURUSD tried to rally but found enough selling pressure to turn south and closed in the red near the low of the day, in addition managed to close below previous day low, suggesting a strong bearish momentum.
The pair closed below the 10 but above the 50-day moving average that continue acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1049 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0861 (support), the 1.0819 (support) and the 50-day moving average at 1.0816 (support).
The pair closed below the 10 but above the 50-day moving average that continue acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1049 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0861 (support), the 1.0819 (support) and the 50-day moving average at 1.0816 (support).
"I trade to make money not to be right."
Membre depuis Oct 02, 2014
posts 909
Jan 12, 2016 at 14:21
Good move to the downside.
Positivity
Membre depuis Sep 12, 2015
posts 1948
Jan 12, 2016 at 14:26
On the longer time frames its looking bearish,I see 710 as support level,for now we are stuck around 860 need to break this level for bullish move.
"They mistook leverage with genius".
Membre depuis Jul 10, 2014
posts 1117
Jan 12, 2016 at 16:37
It bounced off the resistance at 1.0820 but if it breaks below that level it will fall to 1.0760, possibly even lower.
Membre depuis Sep 12, 2015
posts 1948
Jan 12, 2016 at 17:43
victoriajensen posted:
It bounced off the resistance at 1.0820 but if it breaks below that level it will fall to 1.0760, possibly even lower. [/quote
Here's a link you might be interested in
https://www4.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2011/12/08/What_is_the_Number_One_Mistake_Forex_Traders_Make.html
"They mistook leverage with genius".
Membre depuis Jun 08, 2014
posts 454
Jan 12, 2016 at 20:07
EUR/USD is moving in tight range today and still didn't get under 1.0800 and still It didn't reach my entry point.
Jan 13, 2016 at 08:28
The pair practically remained unchanged during yesterday's session at 1.0856. Market participants did not set a clear direction after trading within the extreme values 1.0899 and 1.0819. Technically outlook in the short term remains neutral, as EUR/USD continues to move within the 1.0995 and 1.0805.
Membre depuis Apr 08, 2014
posts 1141
Jan 13, 2016 at 08:32
On yesterday session the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition managed to close within previous day range, suggesting sideways action for the next couple of days.
The pair closed below the 10 but above the 50-day moving average that continues acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1048 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0854 (resistance), the 50-day moving average at 1.0816 (support) and the last swing low at 1.0711 (Support).
The pair closed below the 10 but above the 50-day moving average that continues acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1048 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0854 (resistance), the 50-day moving average at 1.0816 (support) and the last swing low at 1.0711 (Support).
"I trade to make money not to be right."
