EUR/USD
Membre depuis Jul 10, 2014
posts 1117
Mar 03, 2016 at 16:41
The pair formed a spinning top and a doji candlestick on the daily time frame above the support at 1.0820 and bounced off that level. I think it's climbing towards 1.1000 again, but nothing is certain before the fundamentals tomorrow.
Membre depuis Jun 08, 2014
posts 454
Mar 03, 2016 at 18:51
EUR/USD has rebounded back to over 1.0900 and now the next level will be test the resistance 1.100 maybe by the help of tomorrow's NFP this level can be broken.
Membre depuis Apr 08, 2014
posts 1141
Mar 04, 2016 at 08:59
Yesterday the EURUSD initially rallied with a wide 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 is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
We may expect high volatility today due to the US nonfarm and unemployment data.
The key levels to watch are: A daily resistance at 1.1097, the 200-day moving average at 1.1019 (resistance), 50-day moving average at 1.0992 (resistance), the 10-day moving average at 1.0941 (resistance), a daily support at 1.0900 and other daily support at 1.0819.
The pair is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
We may expect high volatility today due to the US nonfarm and unemployment data.
The key levels to watch are: A daily resistance at 1.1097, the 200-day moving average at 1.1019 (resistance), 50-day moving average at 1.0992 (resistance), the 10-day moving average at 1.0941 (resistance), a daily support at 1.0900 and other daily support at 1.0819.
"I trade to make money not to be right."
Membre depuis Jul 10, 2014
posts 1117
Mar 04, 2016 at 17:17
csc2009 posted:
The pair upward movement seems to continue and it's moving towards to test the psychological level at 1.1000 ahead of NPF data release.
It broke above 1.1000 but now it's back at that level. That said, I think that next week it will continue climbing a little higher than that, likely towards 1.1080.
Membre depuis Jun 08, 2014
posts 454
Mar 04, 2016 at 21:28
it is weird that price broke 1.100 even with positive NFP the USD dropped against the EUR.
Mar 06, 2016 at 07:43
The EUR/USD is trading higher due to the latest NFP's. The pair reached 1.1043 and hit right at the 200SMA. Price retraced and is now trading around the 1.10 level. Key resistance remains the 200SMA at 1.1050 while first support is 1.0975.
Mar 06, 2016 at 18:23
The euro broke a five-day losing streak against the US dollar and rose on Friday despite good data on US inflation.
The currency pair EUR/USD ended the week at 1.1129, raising on Friday with 0.22 percent, and since the beginning of the year the euro has risen nearly 2.5 percent against the green money. Data from the day showed that consumer confidence in the Eurozone declined for the past month.
The currency pair EUR/USD ended the week at 1.1129, raising on Friday with 0.22 percent, and since the beginning of the year the euro has risen nearly 2.5 percent against the green money. Data from the day showed that consumer confidence in the Eurozone declined for the past month.
Membre depuis Apr 08, 2014
posts 1141
Mar 07, 2016 at 09:42
On the last Friday’s session the EURUSD initially fell but found enough buying pressure at 1.0900 daily support to reverse and close near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.
The pair is trading above the 10, 50-day moving averages that are acting now as dynamic support however the pair did not had the strength to close above the 200 day moving average.
The key levels to watch are: A daily resistance at 1.1236, other daily resistance at 1.1097, the 200-day moving average at 1.1019 (resistance), 50-day moving average at 1.0993 (support), the 10-day moving average at 1.0947 (support) and a daily support at 1.0900.
The pair is trading above the 10, 50-day moving averages that are acting now as dynamic support however the pair did not had the strength to close above the 200 day moving average.
The key levels to watch are: A daily resistance at 1.1236, other daily resistance at 1.1097, the 200-day moving average at 1.1019 (resistance), 50-day moving average at 1.0993 (support), the 10-day moving average at 1.0947 (support) and a daily support at 1.0900.
"I trade to make money not to be right."
Mar 07, 2016 at 09:48
The dollar fell against most major currencies despite strong employment data in non-agricultural sectors of the US. February new jobs are 242 000. The preliminary estimates of economists was for 198 000. The unemployment rate remain unchanged at 4.9%.
forex_trader_249603
Membre depuis May 13, 2015
posts 83
Mar 07, 2016 at 17:50
1.10375 (for 5 digit brokers)
Mar 07, 2016 at 18:24
From Goldman Sachs believe that monetary-credit policy will again become the dominant factor in determining the exchange rates, rather than risk appetite. Against this background, the analysts retained its annual forecast for EUR/USD of 0.9500.
