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Abdul2012
Feb 11 2016 at 18:10
413 posts
The weak US dollar helped the EUR/USD to continue elevating today, but the resistance at 1.1363 stopped it, I see that the pair have good support at 1.1313 too.

victoriajensen
Feb 11 2016 at 18:17
1117 posts
Abdul2012 posted:
The weak US dollar helped the EUR/USD to continue elevating today, but the resistance at 1.1363 stopped it, I see that the pair have good support at 1.1313 too.


I agree, the pair formed a shooting star and a doji candlestick on the four-hour time frame, so I think we can expect some retracement soon.

sherifFares
Feb 11 2016 at 18:38
454 posts
EUR/USD continue climbing but in slow pace , price is facing resistance level 1.1380 which rebounded the EUR/USD multiple times through 2015. for now I prefer to be neutral.

FXWES
Feb 12 2016 at 07:25
675 posts
The single currency recorded an increase against the US dollar on Thursday. The session started at 1.1290 and ended 31 pips higher. The graphics continue to develop above the moving averages, while the index of relative strength remained on neutral territory. If the upward trend continues, we can expect the first test of resistance at 1.1363.

deresel
Feb 12 2016 at 09:23
708 posts
Euro/dollar continued its momentum up yesterday, forming a peak of 1.1337. The bias remains bullish in nearest term testing 1.1400 before aim in the region of 1.1500.

honeill (honeill)
Feb 12 2016 at 09:53
1141 posts
Yesterday the EURUSD initially rallied but found enough selling pressure to give back some of its gains and closed at the middle of the daily range, however closed above the previous day high, suggesting a weak bullish momentum.

The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.

The key levels to watch are: The daily resistances at 1.1555, other daily resistance at 1.1460, daily support at 1.1237, other daily support at 1.1097, the 10-day moving average at 1.1187 (support) and the 200-day moving average at 1.1026 (support).

"I trade to make money not to be right."
csc2009
Feb 12 2016 at 14:00
834 posts
The pair is under pressure and bouncing off towards 1.1220 handle, with low volume quite possible profit collection day.

DRFXTRADING (DRFXTRADING)
Feb 12 2016 at 15:20
169 posts
Recent rally provided a small 46 Pip trading gain.





Exit was perfectly timed, coming ahead of the pullback now happeing...






Current Return


https://www.myfxbook.com/members/DRFXTRADING/aggressive-swing-trading-strategies/1474786

Attachments:


Trade Less, Earn More
sherifFares
Feb 12 2016 at 16:26
454 posts
A rebound happened from the resistance level 1.1370, for now it is not still clear if it is a correction and the price will return to test the resistance levels or a change of direction.

victoriajensen
Feb 12 2016 at 17:58
1117 posts
The pair reached the support at 1.1210 and if it breaks below that level we can probably expect it to continue falling towards the next support at 1.1160.

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