EUR/USD
Membre depuis Apr 08, 2014
posts 1141
May 31, 2016 at 07:59
Yesterday EURUSD initially fell but found enough support at 1.1097 to reverse and closed near the high of the day however did not had the strength to close above Fridays high, which suggests being slightly on the bullish side of neutral.
The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.
The key levels to watch are: A daily resistance at 1.1237, the 10-day moving average at 1.1170 (resistance), a swing low at 1.1141 (resistance), a daily support at 1.1097 and the 200-day moving average at 1.1070 (Support).
The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.
The key levels to watch are: A daily resistance at 1.1237, the 10-day moving average at 1.1170 (resistance), a swing low at 1.1141 (resistance), a daily support at 1.1097 and the 200-day moving average at 1.1070 (Support).
"I trade to make money not to be right."
May 31, 2016 at 08:37
The US dollar traded near its strongest levels in two months thanks to growing expectations of an impending increase in US interest rates. The greenback are quite sought after Friday's speech by Federal Reserve Chairman Janet Jelen that an increase in interest rates in the coming months would be appropriate if the economy and the labor market continue to improve.
May 31, 2016 at 09:51
The euro fell yesterday to 1.1097, which is the lowest value since mid-March. The single currency, however, managed to rise to 1.1150 as it reached the 200-day moving average, which proved to be strong support. For the last month the euro decreased by 2.7%, which was the first after four months of growth.
May 31, 2016 at 11:42
On Tuesday, the dollar continues to trade at two-month highs against other major currencies, as expectations of higher interest rates in the US next month, continues to support the national currency, while investors awaited the release of US statistics later in the session. The EUR/USD almost unchanged at 1.1136, compared with the 10-week low of 1.1097 on Monday.
May 31, 2016 at 16:55
The dollar rose slightly against a basket of major currencies on Tuesday after US economic data did not support expectations of an increase of the interest rate the Fed in June or July. The dollar index by 15.29 GMT+1 was trading at 95.829, down from a two-month peak of 95.968 reached on Friday. The euro rose to a session high of $ 1.1173, moving away from more than 10-weeks minimum set on Friday ($1.1096), but then fell to $ 1.1130.
Jun 01, 2016 at 05:22
The euro recorded a volatile session against the dollar on Tuesday. Although the pair varied widely in the end opening price session was similar to the closing price, respectively, 1.1136 and 1.1131. Bulls prevailed in the early hours and the peak for the day was marked at 1.1172. Short-term expectations remain in favour of the euro. Support is seen at 1.1069 and 1.0998. Resistance is located at 1.1226, followed by 1.1291.
Membre depuis Apr 08, 2014
posts 1141
Jun 01, 2016 at 08:02
Yesterday EURUSD tried to rally but found enough yet again enough resistance at 1.1164 the 10-day moving average to turn around and close near the low of the day however managed to close within the previous day range, which suggests being slightly on the bearish side of neutral.
The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.
The key levels to watch are: A daily resistance at 1.1237, the 10-day moving average at 1.1164 (resistance), a swing low at 1.1141 (resistance), a daily support at 1.1097 and the 200-day moving average at 1.1070 (Support).
The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.
The key levels to watch are: A daily resistance at 1.1237, the 10-day moving average at 1.1164 (resistance), a swing low at 1.1141 (resistance), a daily support at 1.1097 and the 200-day moving average at 1.1070 (Support).
"I trade to make money not to be right."
Membre depuis Mar 28, 2016
posts 93
Jun 01, 2016 at 08:11
The EURUSD attempted to push higher yesterday topped at 1.1173 but whipsawed to the downside and closed lower at 1.1130 and hit 1.1117 earlier today. The bias is bearish in nearest term testing the lower line of the bullish channel and 1.1100 – 1.1050 area which remains a good place to buy with a tight stop loss. On the upside, key intraday resistance remains around 1.1180 (daily EMA 200). A clear break and daily close above that area could trigger further bullish pressure testing 1.1250 or higher. On the downside, a clear break and daily close below 1.1050 would reactivate my bearish mode targeting 1.0800 area.
Jun 01, 2016 at 11:22
On Wednesday, the dollar is lower against other major currencies as well as mixed US economic reports that were released in the previous session, continue to put pressure on the dollar. Ambiguous data prompted investors to slightly revise expectations for timing the next Fed rate increase. The EUR/USD rose 0.24% to 1.1159.
Jun 01, 2016 at 12:00
Today, the dollar fluctuates slightly below the maximum of two months to a basket of major currencies after a series of mixed economic data from the United States a little tempered expectations Fed rate to rise in the near future. The euro weakened 0.1 percent to $ 1.1119, staying above the minimum of 2.5 months set on Monday.
Jun 01, 2016 at 14:44
The EUR/USD marks a somewhat positive day today up about 30 pips to currently trade at 1.1160. Market sentiment remains to be bearish with the latest commentary from FED Chair Janet Yellen to raise rates gradually. First resistance is seen at 1.12, first support is seen at 1.11.
Membre depuis Jul 10, 2014
posts 1117
Jun 01, 2016 at 16:08
Despite the bullish move today EUR/USD still couldn't break above 1.1180. It looks very undecided now and it will likely remain that way until the fundamentals tomorrow.
Jun 02, 2016 at 05:12
Ahead of the US data on Wednesday the euro started to move higher and nearing 1.12 level. The pair coudn’t break the key level at 1.1226, but should the momentum continue, the resistance could be overcome soon. Support is now located at 1.1069, 1.0998.
