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rosentray
Dec 26 2016 at 08:05
277 posts
EUR/USD is trading a bit higher in today's session going as high as 1.0467. The pair is seen to consolidate towards current levels as bulls might be into correction before the price heads to parity, as analysts and experts predict for early 2017.

honeill (honeill)
Dec 26 2016 at 09:48
1141 posts
On the last Friday’s session the EURUSD rose with a narrow range and closed near the high of the day, although the currency pair closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0458 (resistance), a daily resistance at 1.0462 and the new multi-year low at 1.0352(support).

"I trade to make money not to be right."
victoriajensen
Dec 26 2016 at 13:31
1117 posts
EUR/USD is consolidating sideways as it always does around the holidays. There's a shooting star candlestick on the daily time-frame below the resistance at 1.0500 and the pair might move to the downside towards the support at 1.0380 again, but there likely wouldn't be any major changes before the end of the year.

FXWES
Dec 26 2016 at 19:34
675 posts
The EUR/USD closed the week at 1.0454. RSI is located slightly below mid-lines while stochastic is moving to negative territoty. Both indicators do not confirm an upward movement. First support is seen at 1.0420 and next at 1.035. Resistances are placed at 1.0500 and 1.0550.

honeill (honeill)
Dec 27 2016 at 09:31
1141 posts
Yesterday, the markets were closed for Boxing Day and time to take a breather and today should start slow but steady as the Year comes to an end.

The currency pair continues to trade below the 10, 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0458 (resistance), a daily resistance at 1.0462 and the new multi-year low at 1.0352(support).

"I trade to make money not to be right."
RichardBills (RichardBills)
Dec 27 2016 at 09:56
74 posts
I don't see any clear signal for opening a new position currently. It will be that calm until middle of next week I guess, trading in the current range (1.0423 - 1.0468). Time to take a break and enjoy the holidays 😉

rosentray
Dec 27 2016 at 10:53
277 posts
EUR/USD is trading relatively unchanged since yesterday's session. The pair is now 1.0451 in a market environment that lacks volatility and liquidity. The pair is expected to keep gravitating towards current levels until New Years' Eve.

FXWES
Dec 27 2016 at 18:13
675 posts
The economic calender this week is not offering any significant events that could stir the markets. Also along with the Holidays Season we usually witness uninspired trading. Currently the EUR/USD is tradingly slightly changed comparing with last week and is now testing the resistance at 1.0460.

rosentray
Dec 28 2016 at 09:52
277 posts
EUR/USD is trading slightly lower today but still remains in the consolidation zone between 1.05 and 1.0390. Main trend remains bearish with current market price at 1.0435. Important events are scheduled until the end of the week that can cause some volatility in the last trading days of 2016.

honeill (honeill)
Dec 28 2016 at 09:54
1141 posts
Yesterday, the EURUSD went back and forward on a narrow range day but managed to close in the green, near the high of the day, however the currency pair closed within Fridays range, which suggests being slightly on the bullish side of neutral.

The currency pair accomplished to close above the 10-day moving average that now should act as a dynamic support although it continues to trade below the 50 and the 200-day moving averages that should act as dynamic resistances.

The key levels to watch are: a Fibonacci extension at 1.0666 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0434 (support), a daily resistance at 1.0462 and the new multi-year low at 1.0352(support).

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