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andrea2k (andrea2k)
Mar 30 2016 at 06:22
12 posts
victoriajensen posted:
EUR/USD is currently testing 1.1170 again, but it likely won't have a clear direction before Yellen's speech.

And Janet did not let you down Victoria; you were totally right.

Now we have to see if this strong push high will continue tomorrow or freeze until friday.

honeill (honeill)
Mar 30 2016 at 08:33
1141 posts
Yesterday EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.

The pair closed well above the 10-day moving average also is above the 50 and the 200-day moving averages that are acting as dynamic support.

The recent EURUSD rally is in speculation that the Fed will not raise rates in April but all can change on Friday as the US prepares to release the non-farm payrolls numbers.

The key levels to watch are: A daily resistance at 1.1456, the 2016 high at 1.1376 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1223 (support) and the 50 day moving average at 1.1122.

"I trade to make money not to be right."
Mar 30 2016 at 09:09
708 posts
Interesting levels to watch for today:
Support: 1.1143; 1.1103;
Resistance: 1.1325; 1.1345.

Mar 30 2016 at 09:10
708 posts
Trading on Tuesday launched at a price of 1.1194, while the euro gained 95 pips to finish. Top of the day was scored just before the end of the session at 1.1302.

Mar 30 2016 at 10:39
277 posts
The EUR/USD is trading higher in today's session after it became clear that Janet Yellen is not going to raise rates next month. Traders and investors read her commentaries as bearish for the dollar and the pair surged to 1.1250 mid-event. Early this morning the EUR/USD made a high of 1.1330, first resistance and is now trading at 1.1312.

arigoldman (arigoldman)
Mar 30 2016 at 12:48
907 posts
1.1330 immediate resistance.

Mar 30 2016 at 14:27
83 posts
Yesterday the FED chair Yellen appeared at a conference in New York where she held a speech. The market was expecting her to drop some of the bearish comments that she made in the FOMC statement two weeks ago, but she stuck to them.
Basically the second wave of USD is happening now

Mar 30 2016 at 15:42
1117 posts
EUR/USD bounced off the resistance at 1.1370, but I think it will reach at least 1.1400 eventually.

Mar 30 2016 at 16:08
708 posts
The single currency rose sharply against the US dollar on Tuesday after Janet Yellen declared that the US central bank should be careful in the coming increases in interest rates in the country.

Mar 30 2016 at 16:23
708 posts
On Wednesday, the Chicago Fed President Charles Evans supported the position of the head of the US central bank's Janet Yellen and suggested that a raise of the rate at the April meeting is less possible.
In an interview with CNBC Chicago Fed president added that he would be surprised if all the conditions for the raise of the rate will be executed until the next meeting in April, although he noted that the rise could happen in June, when the labor market will continue to strengthen.

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