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csc2009
Mar 18 2015 at 14:19
834 posts
Eur/usd is trading a little above 1.06 level, we can find the immediate resistance at the 10-DMA which located at 1.0628 so far.

ScalpingRus
Mar 18 2015 at 14:39
116 posts
takechance posted:
I dont know who reads these useless commentaries on this thread but people wont stop at any cost.


 It sure would be nice to see you open some fresh positions, instead of simply commenting on something which you know 0 about.

ScalpingRus
Mar 18 2015 at 14:40
116 posts
At the moment EUR/USD is being dragged down by the poor CAD data released. We all know that EUR/USD and USD/CAD have a negative correlation, especially during PR events.

ScalpingRus
Mar 18 2015 at 14:43
116 posts
Also considering the fact that one takes positions on a day by day basis. EU since it's gap and fade on Sunday, has increase in value covering two daily pivots in each of the sessions which has traded. Although it has not been able to close US session (the last two) holding the high, the reality is selling pressure has decreased compared to last week in which all attempts to move up were met with a negative 2 pivot level retrace.

ScalpingRus
Mar 18 2015 at 14:45
116 posts
you can now see that EU has spiked up, since USD.CAD has pulled back after the news. ... That is the power of negative correlation.

peeterwoolf
Mar 18 2015 at 15:01
230 posts
Eur/usd falls in a tight range while the market waits for the FED.

FERMONZOR (FERMONZOR)
Mar 18 2015 at 15:26
135 posts
alexforex007 posted:
The FED may decide the next direction of the EURUSD for wednesday. For now the pair just stays consolidated around the 1.0600 level.



REally???? u have found the holly grail my friend! now with your post, we know how to trade LOL

THIS IS A MARATHON, NOT A SPRINT.
FERMONZOR (FERMONZOR)
Mar 18 2015 at 15:27
135 posts
takechance posted:
I dont know who reads these useless commentaries on this thread but people wont stop at any cost.



100% agree with you

THIS IS A MARATHON, NOT A SPRINT.
victoriajensen
Mar 18 2015 at 17:17
1117 posts
EUR/USD is testing the resistance at 1.0650 - 1.0660, but I highly doubt it will be able to break above it before the FOMC rate decision announcement. That said, I think that even if the announcement causes a movement to the upside it will be only temporary before the pairing starts falling towards parity again.

sherifFares
Mar 18 2015 at 17:57
454 posts
price is still testing the resistance level 1.0630 for the second day and still no sign for a break over the resistance. if price close today under the resistance level I will go short.

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