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EUR/USD
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rosentray

Member Since Feb 24, 2016  259 posts rosentray Jan 10 at 17:27
EUR/USD continues to trade relatively unchanged around the 1.06 level. Price is now 1.0561, slightly lower than yesterday's high indicating that US bulls are not yet ready to give up control over the pair.

FXWES

Member Since May 01, 2015  492 posts FXWES Jan 11 at 07:45
The single currency marked a modest decline against the US dollar on Tuesday. The euro lost only 19 pips to close at 1.0553. The price continue to move over the moving averages, while RSI remain at neutral territory. If the bearish trend continues, we may expect testing the first support at 1.0550.

honeill

Member Since Apr 08, 2014  709 posts Hugo O'Neill (honeill) Jan 11 at 08:52
On yesterday session, the EURUSD initially rose but found again enough resistance at 1.0622 to reverse and closed near the low of the day, however closed within Mondays range, which suggests being slightly on the bearish side of neutral.

The currency pair continues to trade above the 10-day moving average should act as a dynamic support and managed to close below the 50-day moving average that should act now as a dynamic resistance 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 Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0572 (resistance), the 10-day moving average at 1.0517 (support) and a daily support at 1.0462.

"I trade to make money not to be right." |
rosentray

Member Since Feb 24, 2016  259 posts rosentray Jan 11 at 13:24
EUR/USD is trading lower today going to 1.05. The pair is now trading at 1.0511 as uncertainty continues to be high due to the coming Inauguration of Donald Trump as POTUS.

victoriajensen

Member Since Jul 10, 2014  681 posts victoriajensen Jan 11 at 13:35
EUR/USD is testing the support at 1.0500. A breakout below that level will likely lead to a further move to the downside towards 1.0470 - 1.0450.

rosentray

Member Since Feb 24, 2016  259 posts rosentray Jan 12 at 07:30
EUR/USD is now trading above 1.0630 with a high of 1.0639. The first speech of Donald Trump since July impacted the US dollar as it depreciated against all competitors. First support zone is seen at 1.0630 while first resistance is seen at 1.0660.

honeill

Member Since Apr 08, 2014  709 posts Hugo O'Neill (honeill) Jan 12 at 09:12
On yesterday session, the EURUSD initially plunged but found enough buying pressure at 1.0462 to trim all its losses and managed to close near the high of the day, however closed within Tuesdays range, which suggests being slightly on the bullish side of neutral.

The currency pair continues to trade above the 10-day moving average should act as a dynamic support and managed to close back above the 50-day moving average that should act now as a dynamic support 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 Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0566 (support), the 10-day moving average at 1.0526 (support) and a daily support at 1.0462.

"I trade to make money not to be right." |
stian

Member Since Nov 14, 2015  274 posts stian Jan 12 at 11:32
rosentray posted:
EUR/USD is now trading above 1.0630 with a high of 1.0639. The first speech of Donald Trump since July impacted the US dollar as it depreciated against all competitors. First support zone is seen at 1.0630 while first resistance is seen at 1.0660.
Contained no more policy to support the USD. Likely just temporary down and will likely change back to dollar positive trend with Yellens speech the 18th. But even Fed members like Harker can put a stop to the dollar fall before. Fundamentals is still good, door open for more rate hikes?

FXWES

Member Since May 01, 2015  492 posts FXWES Jan 12 at 12:42
The US Presidential Elect Donald Trump’s press conference set the US dollar under pressure and trigggered sell-off. The EUR/USD pair is pushing higher and is aiming 1.07 level with technical indicators supporting the bullish tone.

snapdragon1970

Member Since Sep 12, 2015  1028 posts kieran (snapdragon1970) Jan 12 at 13:19
stian posted:
rosentray posted:
EUR/USD is now trading above 1.0630 with a high of 1.0639. The first speech of Donald Trump since July impacted the US dollar as it depreciated against all competitors. First support zone is seen at 1.0630 while first resistance is seen at 1.0660.
Contained no more policy to support the USD. Likely just temporary down and will likely change back to dollar positive trend with Yellens speech the 18th. But even Fed members like Harker can put a stop to the dollar fall before. Fundamentals is still good, door open for more rate hikes?

The picture I get is Trump wants to push the Dollar lower to make the US more competitive.

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BOJ Summary of Opinions (20h 25min)
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EURUSD 1.08038 GBPUSD 1.2484
USDJPY 111.254 USDCAD 1.33764
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