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EUR/USD
Member Since Oct 02, 2014
909 posts
Member Since Apr 08, 2014
1141 posts
Jan 23, 2017 at 09:06
Member Since Apr 08, 2014
1141 posts
On the last Friday’s session the EURUSD initially fell but found enough support at 1.0622 to bounce back up and closed near the high of the day, in addition the currency pair managed to close above Thursday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0819, a daily support at 1.0622, the 10-day moving average at 1.0631 (support), the 50-day moving average at 1.0561 (support) and a daily support at 1.0462.
The currency pair is trading above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0819, a daily support at 1.0622, the 10-day moving average at 1.0631 (support), the 50-day moving average at 1.0561 (support) and a daily support at 1.0462.
"I trade to make money not to be right."
Member Since Sep 28, 2015
34 posts
Jan 24, 2017 at 07:16
Member Since Apr 09, 2016
421 posts
The euro rose against the dollar on Monday. By the close of US trading EUR/USD was trading at 1.0768, gaining 0.61%. I believe that the support is now located at the level of 1.0587, the low of Thursday, and resistance is likely at the level of 1.0769 - the maximum of yesterday's trading.
Member Since Sep 28, 2015
34 posts
Jan 24, 2017 at 08:12
Member Since May 01, 2015
675 posts
EUR/USD closed higher yesterday at 1.0762 as the US Dollar is still weighed by the inauguration day. The price is moving above the moving averages and technical indicators head north. The attitude remains positive and a test of the 1.0800 level is very likely.
Jan 24, 2017 at 08:40
Member Since Feb 24, 2016
277 posts
EUR/USD is trading at resistance in today's early European hours. The pair made a high of 1.0780 and is now gravitating towards the 1.0750 level. Bears have the advantage as price has reached resistance. Bulls need to go above 1.08 so that the upward trend could be confirmed.
Member Since Apr 08, 2014
1141 posts
Jan 24, 2017 at 09:22
Member Since Apr 08, 2014
1141 posts
On yesterday session, the EURUSD rallied with a wide range but found and closed near the high of the day, in addition managed to close above previous day high, which suggests a strong bullish momentum.
The currency pair is trading above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0819, the 10-day moving average at 1.0665 (support), a daily support at 1.0622, the 50-day moving average at 1.0567 (support) and a daily support at 1.0462.
The currency pair is trading above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0819, the 10-day moving average at 1.0665 (support), a daily support at 1.0622, the 50-day moving average at 1.0567 (support) and a daily support at 1.0462.
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Jan 24, 2017 at 13:19
Member Since Jul 10, 2014
1117 posts
EUR/USD bounced off the support at 1.0725 and is currently testing the resistance at 1.0750. A breakout above that resistance will likely lead to a further move to the upside towards 1.0770 again.
Jan 24, 2017 at 20:32
Member Since Apr 09, 2016
421 posts
The dollar was trading close to a 7-week low against a basket of other major currencies amid lingering market concerns about the protectionist policies of Donald Trump. The weakness of the dollar reflects concerns about the uncertain economic Trump policy, as well as fears that his protectionist stance can reduce corporate earnings and become a brake on economic growth.
On Monday, Trump has initiated a formal process of US withdrawal from participation in the Trans-Pacific Partnership (TPP). It separates the United States from its Asian allies.
Trump also announced his intention to renegotiate the North American Free Trade Area (NAFTA) with Canada and Mexico to the conditions more favorable for the United States.
The euro fell slightly against the dollar. The EUR/USD slipped by 0.1% to 1.0756.
On Monday, Trump has initiated a formal process of US withdrawal from participation in the Trans-Pacific Partnership (TPP). It separates the United States from its Asian allies.
Trump also announced his intention to renegotiate the North American Free Trade Area (NAFTA) with Canada and Mexico to the conditions more favorable for the United States.
The euro fell slightly against the dollar. The EUR/USD slipped by 0.1% to 1.0756.
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