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idimitrov
May 26 2016 at 07:01
421 posts
deresel posted:
The euro/dollar is calm after yesterday's sales. On Wednesday, there aren't much news, almost no comments, and the market is resting before the next wave of volatility. The main trades in the euro/dollar go around the 1.1150 mark, as in the morning.


Boring day, indeed!

honeill (honeill)
May 26 2016 at 08:37
1141 posts
Yesterday EURUSD went back and forward with a narrow range but closed in the green, in the middle of the daily range and also closed within the previous day range, suggesting being clearly neutral with lack of momentum.

The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.

The key levels to watch are: The 50-day moving average at 1.1334 (resistance), the 10-day moving average at 1.1229 (resistance), a daily resistance at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.

"I trade to make money not to be right."
rosentray
May 26 2016 at 14:48
277 posts
EUR/USD rose despite somehow the positive US data announced earlier today. The pair reached 1.1216 and is currently trading at 1.1200 from a low of 1.1149. Main trend on the short-term remains bearish.

victoriajensen
May 26 2016 at 16:37
1117 posts
Today's retracement to 1.1216, which is (MA)89 on the daily time-frame, was only temporary, it seems. The pair is moving to the downside again and it will likely soon test the support at 1.1130.

honeill (honeill)
May 27 2016 at 07:33
1141 posts
Yesterday EURUSD rose with a wide range and closed in near the high of the day in addition managed to close above the previous day high, suggesting a strong bullish momentum. The question now is: does it have the strength to close above the 10-day moving average?

The pair is trading below the 10 and the 50-day moving averages that are acting as dynamic resistances although still trading above the 200-day moving average that is acting as a dynamic support.

The key levels to watch are: The 50-day moving average at 1.1332 (resistance), the 10-day moving average at 1.1218 (resistance), a daily resistance at 1.1237, a swing low at 1.1141 (support) and a daily support at 1.1097.

"I trade to make money not to be right."
rosentray
May 27 2016 at 08:42
277 posts
EUR/USD is trading relatively unchanged from yesterday's level around 1.12. Price is now 1.1180 and it seems traders and investors are keeping low volume in anticipation of the latest US GDP data in less than four hours and then two hours later we have a speech from the FED Chair Janet Yellen.

csc2009
May 27 2016 at 12:56
834 posts
1.1210/20 zone seems fading away, the pair is short term bearish and continue to decline. Or it could probably just be the correction movement ahead of Reuters/Michigan index and speech by J.Yellen.

victoriajensen
May 27 2016 at 16:34
1117 posts
EUR/USD is moving to the downside again but Janet Yellen's speech a little later today might change that. I'll wait and see the effect of it before I open any positions.

paidsignals
May 27 2016 at 20:24
93 posts
The EURUSD had a bullish momentum yesterday topped at 1.1216 and now struggling around the daily EMA 200 as you can see on my daily chart below. It is too early to say that the shooting star bearish scenario is over, but the bias is bullish in nearest term testing 1.1275. Immediate support is seen around 1.1150. A clear break below that area could lead price to neutral zone in nearest term testing 1.1100 – 1.1050 and the lower line of the bullish channel which remains a good place to buy with a tight stop loss. On the upside, a clear break and daily/weekly close above 1.1275 would potentially end the bearish scenario. Daily CCI is struggling to move above -100 line suggests a potential bullish reversal scenario.

FXWES
May 30 2016 at 07:13
675 posts
On Friday session the euro marked a negative session against the US dollar, pressured by Yellen’s speech. The euro lost 80 pips and the bottom for the day was struck shortly before the end of the session at 1.1110. EUR/USD started the week with relatively shaky trading and hovering around 1.11. As no major macro news is expected today, the pair will be seen in a tight range.

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