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FXWES
Dec 22 2015 at 08:44
675 posts
The euro recorded a second consecutive winning session against the dollar on Monday and added nearly 60 pips to a closing price of 1.0913. Session peak was reached at 1.0938, while the lowest point was marked at the level of 1.0847. Positive attitudes in the short term gradually prevail for which contributes the confirmed break of 1.0900. For continuing growth is necessary to overcome the 50-period average, as a key objective is the 1.0995.

honeill (honeill)
Dec 22 2015 at 09:25
1141 posts
Yesterday the EURUSD rose with a wide range and close near the high of the day, in addition closed above the previous day high, all suggesting that the bulls took control.

The 10-day moving average is acting as a dynamic resistance and held the price on yesterday session and a close above it may bring more bulls to the table.

The key levels to watch are: the 200-day moving average at 1.1077 (resistance), the 10-day moving average at 1.0916 (resistance), the 1.0900 (support), the 50-day moving average at 1.0816 (support) and 1.0819 (support).

"I trade to make money not to be right."
victoriajensen
Dec 22 2015 at 10:00
1117 posts
sherifFares posted:
EUR/USD is struggling against the resistance levels 1.0930, I don't think with the Holidays coming there will be much volatility.


I think that the pair will break above 1.0930, but I doubt it will rise above 1.1000 before the end of the holidays.

PERPETUUMMOBILE (PERPETUUMMOBILE)
Dec 22 2015 at 10:55
136 posts
EUR/USD long-term charts

when looking at the Q-chart of this pair, one can see that the 2. quarter produced an inside-reversal-bar (IRB), followed by a doji bar in the 3. quarter. More often than not, the combination of IRB/Doji indicates a trend reversal (in any time frame).
This last quarter of 2015 has an open price of 1.1147 and there's always the possibility that this quarter will close again near the open price.
Since the low of the 1. Q of this year has not been violated, (1.0460), the high of the 3rd Q and the high of the 4th Q (after the bar is finished) are legitimate buy/stop entries according to the price bar formation rules.
At the same token, the low of the 1. Q of this year (1.0460) is a legitimate sell/stop entry.

Should the low of the 1. Q be violated, then both buy/stop entries a void.

As I have mentioned before, price consolidations, congestions and trading ranges often start with a long bar, which then turns out to be the measuring bar (MB) for the congestion. first indication of a price consolidation is a doji bar as the 3rd and/or 4th bar after the MB, as many congestions start and also end with a doji bar.

Any bar on the chart is an MB, if the following 4 bars (minimum) have the open or close price (or both) within the high and low of the MB.
When counting bars in a price consolidation, the MB has to be included in the count. Therefore, a consolidation consists of a minimum of 5 bars (MB + 4 bars).
This is the reason, why the 6. bar in consolidation is a very dangerous bar to trade most of the time.
It can be traded, but only if certain requirements are met.

"a little bit of knowledge is a dangerous thing"
sherifFares
Dec 22 2015 at 17:46
454 posts
EUR/USD is climbing for the 3rd day and next resistance level is 1.0991, Anyway I dont think I will open a position before the holiday season.

csc2009
Dec 22 2015 at 17:56
834 posts
Level 1.100 in sight, the pair's short-term bullish tone remains, let's see 1.100 level will hold until the holidays.

RobertWHF
WijnHF
Dec 22 2015 at 17:57
52 posts
We will be SHORT while going into the holidays....

Let's see what FED and ECB will produce in Q1 of 2016 :)

Wish you all happy holidays,

W-HedgeFund

Robert
The Netherlands - New York - Singapore

Robert@W-Hedge.Fund
+31 (0)6 25 12 09 23

snapdragon1970 (snapdragon1970)
Dec 22 2015 at 18:24
1944 posts
Hi guys,hope all your trades are in profit,looking for a break out @962-984 Eur/Usd

"They mistook leverage with genius".
Abdul2012
Dec 22 2015 at 18:45
413 posts
1.1000 is gonna be tough to reach for the EUR/USD this week but i still believe that the bullish trend is stronger.

deresel
Dec 23 2015 at 07:35
708 posts
During the first day of the week the single currency presented excellent against the major currencies on a day poor in important economic data.
Trade volumes are expected to remain low this week due to the upcoming holidays.

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