EUR/USD
Oct 27, 2015 at 07:51
The single currency recorded a modest increase against the dollar on Monday. The session started at 1.1007 and ended 45 pips higher. Daily extreme values were recorded respectively at 1.1003 and 1.1067. The graphics continued to develop under the moving average. On the upside, break of 1.1080 will move the pair to the resistance at 1.1180.
forex_trader_278441
Member Since Oct 04, 2015
52 posts
Oct 27, 2015 at 08:39
What do we all expect of today for the PAIR EUR/USD?
Member Since Apr 08, 2014
1141 posts
Oct 27, 2015 at 09:00
Yesterday the EURUSD rose with a narrow range and closed in the green near the high of the day, shy below the 200-day moving average.
The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1076 (resistance) and 1.0900 (support).
The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1076 (resistance) and 1.0900 (support).
"I trade to make money not to be right."
Member Since Sep 12, 2015
1948 posts
Oct 27, 2015 at 13:29
WijnHF posted:
What do we all expect of today for the PAIR EUR/USD?
I am thinking its already baked into the price,so I think we will get higher highs after the event,but I don't have a crystal ball!
"They mistook leverage with genius".
forex_trader_278441
Member Since Oct 04, 2015
52 posts
Oct 27, 2015 at 13:37
Yes Kieran, so it looked liked after the Durable Goods orders releases some minutes ago.
Moving on to the Markit PMI Composite ... What do you / all expect from this release and respond, with knowledge of the ECB (december) and tomorrow FED?
Moving on to the Markit PMI Composite ... What do you / all expect from this release and respond, with knowledge of the ECB (december) and tomorrow FED?
snapdragon1970 posted:WijnHF posted:
What do we all expect of today for the PAIR EUR/USD?
I am thinking its already baked into the price,so I think we will get higher highs after the event,but I don't have a crystal ball!
forex_trader_137597
Member Since Jul 04, 2013
88 posts
Oct 27, 2015 at 13:54
1.1040 broken, will it go to 1.1015? next support after consumer confidence?
Member Since Sep 12, 2015
1948 posts
Oct 27, 2015 at 14:38
No strength behind the figures from the US ,I'm seeing a lot of red on my screen.
"They mistook leverage with genius".
forex_trader_278441
Member Since Oct 04, 2015
52 posts
Oct 27, 2015 at 14:38
Still 3 min. to go to this release...
Overal I think the release will be positive and will boost USD as well...
Back to 1.10low is my view. Let's see ...
'The EUR/USD pair shed around 400 pips in the last two trading days, with almost no upward corrective movements in the middle, falling as low as 1.0995 before bouncing some.'
'The pair has broken below a long term ascendant trend line coming from April low at 1.0519, and the break has strong bearish implications, regardless whatever the US FED announces this week in its Thursday´s policy meeting. As long as upward corrective movements meet selling interest around 1.1120, the downside remains favored.'
'Technically, the daily chart shows that the pair is currently below its moving averages, with the 200 DMA converging with the broken trend line around 1.1120, the mentioned critical resistance, whilst the technical indicators maintain their strong bearish slopes below their mid-lines.'
'In the 4 hours chart, the technical indicators have lost their bearish potential, but remain in extreme oversold readings, far from suggesting the pair may correct higher. Renewed selling interest below 1.1000, should lead to a continued decline down to 1.0920 this Monday, with the ultimate bearish target for this week at 1.0840.'
Overal I think the release will be positive and will boost USD as well...
Back to 1.10low is my view. Let's see ...
'The EUR/USD pair shed around 400 pips in the last two trading days, with almost no upward corrective movements in the middle, falling as low as 1.0995 before bouncing some.'
'The pair has broken below a long term ascendant trend line coming from April low at 1.0519, and the break has strong bearish implications, regardless whatever the US FED announces this week in its Thursday´s policy meeting. As long as upward corrective movements meet selling interest around 1.1120, the downside remains favored.'
'Technically, the daily chart shows that the pair is currently below its moving averages, with the 200 DMA converging with the broken trend line around 1.1120, the mentioned critical resistance, whilst the technical indicators maintain their strong bearish slopes below their mid-lines.'
'In the 4 hours chart, the technical indicators have lost their bearish potential, but remain in extreme oversold readings, far from suggesting the pair may correct higher. Renewed selling interest below 1.1000, should lead to a continued decline down to 1.0920 this Monday, with the ultimate bearish target for this week at 1.0840.'
Member Since Sep 12, 2015
1948 posts
Oct 27, 2015 at 14:38
Further downside now US consumer confidence lower
"They mistook leverage with genius".
forex_trader_278441
Member Since Oct 04, 2015
52 posts
Oct 27, 2015 at 14:39
It was priced in the market again already I suppose ;)
forex_trader_278441
Member Since Oct 04, 2015
52 posts
Oct 27, 2015 at 14:39
1.10360 Support is hit ... but will it go further is the question....
Member Since Jun 08, 2014
454 posts
Oct 27, 2015 at 18:12
EUR/USD is trading in a tight range since the beginning of the week. Only a break under 1.1000 will give me a signal to go short.
Member Since Oct 27, 2014
53 posts
Oct 27, 2015 at 19:33
Then it must hurry
Member Since Sep 12, 2015
1948 posts
Oct 28, 2015 at 07:06
Abdul2012 posted:
Was not a good day for the EUR/USD, No accurate signal that the pair will break below 1.0900 support today.
Signals don't work around news events,too slow.
"They mistook leverage with genius".
forex_trader_278441
Member Since Oct 04, 2015
52 posts
Oct 28, 2015 at 07:07
Guy's,
What will happen tomorrow with the pair EUR/USD when the FED decide to fire for effect with a Rate Hike AND when they don't?
What will happen tomorrow with the pair EUR/USD when the FED decide to fire for effect with a Rate Hike AND when they don't?
Member Since Oct 19, 2015
7 posts
Oct 28, 2015 at 07:11
Abdul2012 posted:
Was not a good day for the EUR/USD, No accurate signal that the pair will break below 1.0900 support today.
Depending on whether the Fed is interpretated as dovish or hawkish we may see the pair break its tight range. Unless of course the statement doesn't answer anything new.
Good luck!
AlphaInfinity
Oct 28, 2015 at 08:28
The single currency recorded a modest decline on Tuesday. The session started at 1.1052 and finished only 6 pips lower. Tip of the day was recorded at 1.1077 but overall the upward movement was hampered by the failure to overcome resistance at 1.1080. In the case that the direction of movement continue to move up, we can expect another attempt to test the first resistance.
forex_trader_278441
Member Since Oct 04, 2015
52 posts
Oct 28, 2015 at 08:38
FXWES
Thank you for your view....
It will be all limited and the downtrend will be followed after then...
Thank you for your view....
It will be all limited and the downtrend will be followed after then...
Member Since Apr 08, 2014
1141 posts
Oct 28, 2015 at 09:05
Yesterday the EURUSD initially rallied but found enough resistance at the 200-day moving average to reverse and closed in the red near the low of the day with a narrow range.
Today is the main event of the week for the pair with the Fed Monetary policy statement and press conference later today, so we may expect some volatility.
The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1078 (resistance) and 1.0900 (support).
Today is the main event of the week for the pair with the Fed Monetary policy statement and press conference later today, so we may expect some volatility.
The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1078 (resistance) and 1.0900 (support).
"I trade to make money not to be right."
