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cnox99
Oct 05 2016 at 11:13
2 posts
victoriajensen
Oct 05 2016 at 12:17
1117 posts
I agree, EUR/USD bounced off 1.1140 and consolidation continues. I doubt it will end before the US Non-Farm Payrolls on Friday.

FXWES
Oct 06 2016 at 06:30
675 posts
The euro posted neutral trading gainst the US dollar on Wednesday. The opening price almost coincided with that of the closing, respectively, 1.1202 and 1.1203. The trend fluctuated in a narrow range. Consodidation continues. Suport is located at 1.1122 and resistance is seen at 1.1284.

honeill (honeill)
Oct 06 2016 at 06:48
1141 posts
Yesterday the EURUSD went back and forward without any clear direction but closed in the middle of the daily range, in addition managed to close within the previous day range, which suggests being clearly neutral, neither side is showing control.

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

The key levels to watch are: a 61.8% Fibonacci retracement at 1.1347 (resistance), 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (support), a Fibonacci retracement at 1.1181 (support) and a daily support at 1.1097.

"I trade to make money not to be right."
arigoldman (arigoldman)
Oct 06 2016 at 08:33
907 posts
EUR/USD is trading lower in today's session as market participants are already anticipating the latest NFP and jobs data scheduled for tomorrow 8:30AM Eastern. Current market price 1.1188.

victoriajensen
Oct 06 2016 at 11:49
1117 posts
EUR/USD is back to testing the support at 1.1180, and a breakout below that level would probably lead to a drop towards 1.1150, but it's unlikely there'll be any major changes before the fundamentals tomorrow.

cnox99
Oct 06 2016 at 15:27
2 posts
can't wait for NFP ...😎

FXintui
Oct 06 2016 at 15:52
1 posts
cnox99 posted:
can't wait for NFP ...😎


I think before NFP some pressures already going on. haha

arigoldman (arigoldman)
Oct 07 2016 at 06:04
907 posts
EUR/USD is trading lower today after it was gravitating towards 1.12 yesterday. The pair is now around 1.11, currently 1.1122, which is not surprising considering yesterday's positive US data and today's anticipated NFP and jobs data.

honeill (honeill)
Oct 07 2016 at 07:02
1141 posts
Yesterday the EURUSD fell sharply with a wide range and closed near the low of the day, in addition managed to close below the previous day low, which suggests a strong bearish momentum.

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

The key levels to watch are: a 50% Fibonacci retracement at 1.1264, a daily resistance at 1.1237, the 200-day moving average at 1.1202 (resistance), a Fibonacci retracement at 1.1181 (resistance), a daily support at 1.1097 and a 23.6% Fibonacci retracement at 1.1078.

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