EUR/USD
Membro Desde Oct 11, 2013
775 posts
Aug 23, 2016 at 04:47
Will be keeping a close watch on the instrument, see where it is heading.
Membro Desde Apr 08, 2014
1141 posts
Aug 23, 2016 at 07:31
Yesterday the EURUSD initially fell but found enough buying pressure to turn around and closed near the high of the day, although closed within the previous day range, which suggests being slightly on the bullish side of neutral. However the hammer pattern made yesterday suggests a bullish move today.
The pair is trading well above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1252 (support), and a daily support at 1.1097.
The pair is trading well above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1252 (support), and a daily support at 1.1097.
"I trade to make money not to be right."
Membro Desde Jul 10, 2014
1117 posts
Aug 23, 2016 at 09:25
EUR/USD formed a shooting star candlestick on the four-hour time-frame below the resistance at 1.1350, so might see a new move to the downside towards 1.1300.
Aug 23, 2016 at 15:53
EUR/USD is trading lower in today's session after going steadily up for the last few days. The pair made a high of 1.1355 and then succumbed to a bottom of 1.1310. First support is seen at 1.13, while first resistance is the last high of 1.1355.
Aug 24, 2016 at 07:26
On Tuesday the euro recorded another consecutive volatile session against the US dollar, but finally ended in favor of the US currency. If expectations for further depreciation of the euro justify the pair will test the support at $1.1239.
Membro Desde Apr 08, 2014
1141 posts
Aug 24, 2016 at 08:23
Yesterday the EURUSD initially rose but found enough resistance at the Fibonacci retracement to turn around and closed near the low of the day, although closed within the previous day range, which suggests being slightly on the bearish side of neutral. However the shooting star pattern made yesterday suggests a bearish move today.
The pair is trading well above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1269 (support), a daily support at 1.1237, and the 200-day moving average at 1.1158 (support).
The pair is trading well above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1269 (support), a daily support at 1.1237, and the 200-day moving average at 1.1158 (support).
"I trade to make money not to be right."
Membro Desde Jul 10, 2014
1117 posts
Aug 24, 2016 at 12:33
The move to the downside continues, next target is likely around 1.1230 - 1.1200. The question is whether the pair will continue dropping after the fundamentals on Friday.
Aug 24, 2016 at 15:40
As so many Fed members have supported rate hike with few economic notions. I wouldn't rule out a rate hike support from Yellen as well, perhaps with a slight notion that the NFP remains healthy in August, unless the GDP where to drop even further on Friday. This could open 1.1150.
Membro Desde Apr 08, 2014
1141 posts
Aug 25, 2016 at 07:11
Yesterday the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below the previous day low, which suggests a strong bearish momentum.
The pair closed below the 10-day moving average that should act now as a dynamic resistance. The currency pair continues to trade well above the 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1279 (resistance), a daily support at 1.1237, and the 200-day moving average at 1.1160 (support).
The pair closed below the 10-day moving average that should act now as a dynamic resistance. The currency pair continues to trade well above the 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), the 10-day moving average at 1.1279 (resistance), a daily support at 1.1237, and the 200-day moving average at 1.1160 (support).
"I trade to make money not to be right."
Aug 25, 2016 at 08:04
The euro was down against the US Dollar on Wednesday. By the end of the trading session EUR/USD was traded at 1.1264, shedding 0.37%. I believe that the support is now located at the level of 1.1245, the low of yesterday's trading, and resistance is likely to be at 1.1363 - Friday's high.
Aug 25, 2016 at 08:18
The single currency marked second consecutive decline against the US dollar on Wednesday. The pair tested the support at 1.1239 and if bearish sentiment continue, it will be broken. The session started at 1.1304 and the euro lost 42 pips. Next support is located at 1.1197. Resistance is seen at 1.1382 and 1.1427.
Membro Desde Jul 10, 2014
1117 posts
Aug 25, 2016 at 11:46
(editado Aug 25, 2016 at 11:47)
EUR/USD is testing 1.1300 again. A breakout above that level will likely lead to a further move to the upside towards 1.1340 - 1.1350.
