EUR/USD
Member Since Jul 10, 2014
1117 posts
May 19, 2016 at 15:27
(edited May 19, 2016 at 15:28)
After the fundamentals yesterday EUR/USD broke below 1.1200 today although it's currently retracing. That said, the move to the downside will likely continue.
May 19, 2016 at 16:50
On Thursday, the dollar is stable to seven-week highs against other major currencies, as the US currency had a significant support to the renewed expectations of an increase of the base rate in the US in June. The EUR/USD is almost unchanged at 1.1217, the low of March.
May 20, 2016 at 06:25
During Wednesday session the single currency extended losses. The EUR/USD pair traded in a narrow range, dropped to intraday low at 1.1179 and ticked daily high at 1.1229. Technically the euro recorded third consecutive weak session to a closing price of 1.1201. First support is seen at 1.1150, and resistance at 1.1220.
May 20, 2016 at 07:47
On Thursday, the dollar raised against other major currencies, despite the publication of disappointing US data, as renewed expectations of Fed rate in June continued to support the national currency. The EUR/USD fell 0.17% to 1.1195, the lowest level since March 29.
Member Since Apr 08, 2014
1141 posts
May 20, 2016 at 08:18
Yesterday EURUSD fell with a narrow range and closed in the middle of the daily range, however managed to close below the previous day low, suggesting bearish momentum.
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: The 50-day moving average at 1.1333 (resistance), the 10-day moving average at 1.1319 (resistance), a daily resistance at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.
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: The 50-day moving average at 1.1333 (resistance), the 10-day moving average at 1.1319 (resistance), a daily resistance at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
May 20, 2016 at 15:10
Considering the doji candlestick on the four-hour time-frame EUR/USD will likely continue falling and break below 1.1200 again. If it does next target is probably 1.1150.
Member Since Mar 28, 2016
93 posts
May 20, 2016 at 16:48
The EURUSD was indecisive yesterday and now struggling around the daily EMA 200 support as you can see on my daily chart below. The bias remains bearish in nearest term but note that we need a clear break below the daily EMA 200 and 1.1185 to continue the bearish scenario testing the lower line of the bullish channel and 1.1100 – 1.1050 region which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1230. A clear break above that area could lead price to neutral zone in nearest term testing 1.1275 – 1.1315 region.
May 20, 2016 at 16:49
On Friday, the dollar is trading at seven-week highs against other major currencies, as the expectations of the Fed raising interest rates next month, continues to provide significant support to the US currency, while today, investors are preparing for the publication of US data on home sales in the secondary market. The EUR/USD rose 0.17% to 1.1221, but remains near a seven-week Thursday's low 1.1180.
forex_trader_249603
Member Since May 13, 2015
83 posts
May 21, 2016 at 17:23
Recently the forex market has been very volatile, but today it´s been dead quiet. It felt like watching paint dry...
(Screenshot shows the market depth on EUR/USD when it was volatile a couple days ago)
(Screenshot shows the market depth on EUR/USD when it was volatile a couple days ago)
forex_trader_199815
Member Since Jul 17, 2014
112 posts
May 22, 2016 at 06:27
csc2009 posted:
Dollar strength keep the pair running south, if the pair break below 1.1200 handle, could signal further decline to next target 1.1170/60 zone and follow by 1.120.
nice forcast
Member Since Oct 11, 2013
775 posts
May 23, 2016 at 03:59
The EURUSD is still correcting to the upside, but the bearish trend is still in place, a breakdown below the 1.1200 level may take the pair to the 1.1100 level.
Member Since Apr 08, 2014
1141 posts
May 23, 2016 at 08:09
On the last Friday’s session the EURUSD rose with a narrow range and closed near the high of the day, but closed within the previous day range, suggesting 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: The 50-day moving average at 1.1333 (resistance), the 10-day moving average at 1.1304 (resistance), a daily resistance at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.
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: The 50-day moving average at 1.1333 (resistance), the 10-day moving average at 1.1304 (resistance), a daily resistance at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.
"I trade to make money not to be right."
Member Since Oct 02, 2014
909 posts
May 23, 2016 at 13:43
Bearish on this pair.
Positivity
Member Since Jul 10, 2014
1117 posts
May 23, 2016 at 15:41
(edited May 23, 2016 at 16:00)
I agree, the pair is clearly bearish, but it is also still testing the support at 1.1200. Let's hope that tomorrow there will be a bit more volatility.
May 23, 2016 at 21:55
victoriajensen posted:
I agree, the pair is clearly bearish, but it is also still testing the support at 1.1200. Let's hope that tomorrow there will be a bit more volatility.
I would say very likely, let's see the pair could break out it's current range from 1.1250 to 1.1170.
