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EUR/USD
Membre depuis Apr 08, 2014
posts 1141
Feb 27, 2017 at 09:45
Membre depuis Apr 08, 2014
posts 1141
On the last Friday’s session the EURUSD tried to rally but found enough selling pressure around 1.0622 daily resistance to reverse and closed near the low of the day, although the currency pair managed to close within Thursday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0631 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0592 (resistance) and a daily support at 1.0462.
The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0631 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0592 (resistance) and a daily support at 1.0462.
"I trade to make money not to be right."
forex_trader_338100
Membre depuis Jun 21, 2016
posts 898
Feb 27, 2017 at 12:22
Membre depuis Jun 21, 2016
posts 898
At the moment the pair EUR/USD up 0.21% at 1.0583 facing the initial hurdle at 1.0592 (55-day sma) followed by 1.0620 (high Feb.24) and finally 1.0651 (20-day sma). On the flip side, a breach of 1.0492 (low Feb.22) would target 1.0452 (low Jan.11) en route to 1.0339 (2017 low Jan.3).
Membre depuis Jul 10, 2014
posts 1117
Feb 27, 2017 at 14:05
Membre depuis Jul 10, 2014
posts 1117
EUR/USD is quite undecided at the moment but it will likely test 1.0620 again soon. If it does break out above that level it will likely reach at least 1.0700.
Membre depuis Feb 16, 2017
posts 5
Membre depuis Feb 22, 2015
posts 178
Membre depuis Apr 08, 2014
posts 1141
Feb 28, 2017 at 09:43
Membre depuis Apr 08, 2014
posts 1141
On yesterday session, the EURUSD initially tried to rally but found enough resistance at 1.0622 to give most of its gains to the market but still managed to close in the green, in the middle of the daily range, in addition closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0636 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0589 (resistance) and a daily support at 1.0462.
The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0636 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0589 (resistance) and a daily support at 1.0462.
"I trade to make money not to be right."
forex_trader_338100
Membre depuis Jun 21, 2016
posts 898
Feb 28, 2017 at 11:23
Membre depuis Jun 21, 2016
posts 898
In terms of technicals, the pair finds the immediate resistance 1.0633 (5-day highs). A break beyond the last, doors will open for a test of 1.0638 (50-DMA) and from there to 1.0682 (Feb 16 high). On the flip side, the immediate support is placed at 1.0520 (Jan 6 low) below which 1.0500 (psychological levels) and 1.0478 (Jan 5 low) could be tested.
Membre depuis Sep 12, 2015
posts 1948
Feb 28, 2017 at 11:26
Membre depuis Sep 12, 2015
posts 1948
On the 4hr chart still looks like an up trend, nice trade on eur/jpy this morning.
"They mistook leverage with genius".
Membre depuis Jul 10, 2014
posts 1117
Feb 28, 2017 at 12:42
Membre depuis Jul 10, 2014
posts 1117
EUR/USD is caught in a tight consolidation between 1.0560 and 1.0620. I doubt there will be any changes before the fundamentals today.
Membre depuis Sep 12, 2015
posts 1948
Feb 28, 2017 at 13:41
Membre depuis Sep 12, 2015
posts 1948
nivkyy posted:News or data can change that at anytime
Right now the trend is usually upward. Let's hopefully continue like this and close with a few pips higher.
"They mistook leverage with genius".
Membre depuis Feb 16, 2017
posts 5
Membre depuis Sep 12, 2015
posts 1948
Feb 28, 2017 at 15:22
Membre depuis Sep 12, 2015
posts 1948
stian posted:I think the Trump move already priced in.
It has been neutral in a somewhat 30 pip range. It is largely political moves, not data. Eyes on Trump.
"They mistook leverage with genius".
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