Edit Your Comment
EUR/USD
Aug 05, 2015 at 06:06
Member Since May 01, 2015
675 posts
The euro recorded a sharp decline against the dollar on Tuesday. The negative trend of the previous session was extended and as a result, the pair broke the support at 1.0891, finishing below these levels. So the euro gave indications for the continuation of the bearish trend until the second key level at 1.0807. Tuesday session started at a price of 1.0949 and the finished at 1.0880. Bottom of the day was hit just two pips below.
Member Since Jun 08, 2014
454 posts
Aug 05, 2015 at 11:00
Member Since Jun 08, 2014
454 posts
EUR/USD fell below Fibo level 38.2% .the next support level is 1.0815. other option a rebound above 1.0880 will lead to a further incline to the next resistance level 1.0980. for now it is too risky for a position as the price is near the turn around point 1.0888.
Member Since Nov 19, 2014
169 posts
Aug 05, 2015 at 11:50
Member Since Nov 19, 2014
169 posts
Hey guys,
Based on my analysis, this pair could head higher by a few hundred Pips if we get a break above the Downtrend Line on the Daily Chart. This would mean the formation of the Pennant Consolidation Setup.
This Rally could come either with an ABC or 123 Setup or a pair of Double Bottoms. If neither scenario plays out, then we could simply see the pair break lower to continue the overall breakout from the Large Consolidation in favour of the USD.
Duane
DRFXTRADING
Based on my analysis, this pair could head higher by a few hundred Pips if we get a break above the Downtrend Line on the Daily Chart. This would mean the formation of the Pennant Consolidation Setup.
This Rally could come either with an ABC or 123 Setup or a pair of Double Bottoms. If neither scenario plays out, then we could simply see the pair break lower to continue the overall breakout from the Large Consolidation in favour of the USD.
Duane
DRFXTRADING
Trade Less, Earn More
Member Since Jul 10, 2014
1117 posts
Aug 05, 2015 at 19:52
Member Since Jul 10, 2014
1117 posts
EUR/USD formed a doji candlestick right under the resistance at 1.1000 visible on the weekly filter chart and moved to the downside again. The pair will likely test the support at 1.0790 again soon.
Aug 06, 2015 at 06:04
Member Since May 01, 2015
675 posts
The euro recorded a minor increase against the dollar on Wednesday. The session was dynamic as the single currency failed to offset losses from the previous two days. If bullish sentiment strengthen its influence it is very likely soon to be made a test of resistance at 1.1004. Trading on Wednesday was open at a price of 1.0880 as early trend was negative. Around noon direction changed and currencies peaked for the day at 1.0923. The day ended with 18 pips below.
Aug 06, 2015 at 06:40
Member Since Aug 04, 2015
124 posts
Abdul2012 posted:
The EUR/USD price rose from the 1.0850 resistance level today. and i think it is risky to open a position case the bearish is not clear yet.
I think below 1.08900 this will fall hard...
To achieve 3-5% portfolio growth a month
Member Since Jul 10, 2014
1117 posts
Aug 06, 2015 at 18:28
(edited Aug 06, 2015 at 18:29)
Member Since Jul 10, 2014
1117 posts
AliKhan1 posted:Abdul2012 posted:
The EUR/USD price rose from the 1.0850 resistance level today. and i think it is risky to open a position case the bearish is not clear yet.
I think below 1.08900 this will fall hard...
We won't know until the NFP tomorrow.
Member Since Jun 08, 2014
454 posts
Aug 07, 2015 at 14:48
Member Since May 01, 2015
675 posts
EUR/USD recorded a weak growth record on Thursday. The positive session on Wednesday was extended, but the pair still remains below the resistance at 1.1004. It is expected that this level soon to be overcome, having in mind that short-term indicators are in favor of the single currency. The dynamic trade on Thursday launched at a price of 1.0905, as the peak of the day was recorded early in the morning at level 1.0942. The day ended at 19 pips higher.
Member Since Jul 10, 2014
1117 posts
Aug 07, 2015 at 17:34
Member Since Jul 10, 2014
1117 posts
Unfortunately not even the US Non-farm payrolls could end the EUR/USD consolidation. There was a lot of volatility but ultimately range continues. Right now the pair is testing the resistance at 1.0970, but today is Friday, so even if it breaks above it I doubt it'll reach the next resistance around 1.1070 before next week.
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.