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honeill (honeill)
Jun 28 2016 at 06:41
1141 posts
Yesterday EURUSD went back and forward with a narrow range but without any clear direction and closed in the middle of the daily range, in addition managed to close within Friday’s range, which suggests being clearly neutral, neither side is showing control.

The pair is trading below the 10, 50 and 200-day moving averages that should now act as dynamic resistances.

The key levels to watch are: A daily resistance at 1.1237, a daily support at 1.1097, the 200-day moving average at 1.1080 (resistance) and Fridays low at 1.0912 (support).

"I trade to make money not to be right."
paidsignals
Jun 28 2016 at 06:57
93 posts
The EURUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 1.1100 but key resistance remains around 1.1200 (daily EMA 200). Immediate support is seen around 1.0970. As long as stay below 1.1200 my overall technical bias remains bearish targeting 1.0700 this week. I will stand aside for now.

victoriajensen
Jun 28 2016 at 10:04
1117 posts
I think that the pair has finally begun its corrective movement to the upside. First target is at 1.1130, which is (MA)89 on the one-hour time-frame.

csc2009
Jun 28 2016 at 10:56
834 posts
Eur/Usd recovered its losses from Monday and testing 1.11 level. The pair expected consolidation movement after the sharp drop, but it's too early to call it bottom.

rosentray
Jun 28 2016 at 11:28
277 posts
A calm day for the EUR/USD so far with price slightly above yesterday's level. The pair is now trading at 1.1092. Have in mind that we have important news scheduled for later today which might leave an impact on the EUR/USD.

deresel
Jun 28 2016 at 17:24
708 posts
On Tuesday, the dollar shows a decline against major currencies since the publication of positive US economic growth data for the first quarter contributed to an increase in demand for risky assets. EUR/USD rose 0.46% to 1.1077, rebounding from Friday's three-month low 1.0908.

deresel
Jun 28 2016 at 18:59
708 posts
On Tuesday's Asian session, there has been upward correction after yesterday's large-scale sales, as investors seized on news of fiscal incentives as a straw. In addition, we are likely to wait a long period of uncertainty before the formal procedure of Brexit begins.

deresel
Jun 28 2016 at 19:19
708 posts
Resistance zone is too wide - 1,1100-1,1200, and perhaps even slightly above 1.1200, but we are still waiting for the downward movement to 1.0800 on concerns about the existential crisis in Europe. From a tactical point of view, since the opening of trading on Monday resistance is near 1.1075/80.

FXWES
Jun 29 2016 at 05:44
675 posts
EUR/USD maked slight increase on Tuesday session. The US dollar added 40 pips to a closing price of 1.1063 and the euro failed to recover the losses from Friday and depreciated further against the dollar. Resistance level during yesterday's session turned out to be 1.1111 and pair marked the intraday low at 1.1009. The outlook remains negative as possible recovery of the euro will resume the bearish sentiment.

honeill (honeill)
Jun 29 2016 at 06:35
1141 posts
Yesterday EURUSD rose with a narrow range and closed near the high of the day, in addition managed to close within previous day range, which suggests being slightly on the bullish side of neutral.

The pair failed to close above the 200-day moving average and continues trading below the 10, 50 and 200-day moving averages that are acting as dynamic resistances.

The key levels to watch are: A daily resistance at 1.1237, a daily support at 1.1097, the 200-day moving average at 1.1080 (resistance) and Fridays low at 1.0912 (support).

"I trade to make money not to be right."
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