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Feb 02 2017 at 15:02
48 posts
Since the beginning of the year we see a steady bullish trend in the EURUSD pair, confirmed by Momentum, MACD and RSI all moving in unison with the chart on h4 timeframe. If it continues with this pace, we may see it reaching levels around 1.0860 by the end of this trading week.

kentic07 (kentic07)
Feb 02 2017 at 15:06
1 posts
it wont go that far..will have a resistance around 1.0840

Feb 02 2017 at 16:12
277 posts
EUR/USD is trading relatively unchanged in today's session after a good few days of gains that caused the pair to go above 1.08. The pair is now 1.0807 and is expected to consolidate ahead of tomorrow's reports on NFPs and Jobs data.

Feb 03 2017 at 07:45
675 posts
After marking a four-week high at 1.0825, the EUR/USD is now seen in ascending channel. The focus is now on the upcoming data and US Payrolls, which has set the pair under pressure. A break below the 1.0730 would trigger further downslide towards 1.0690. To resume to the upside is needed break above the resistance at 1.0790.

Feb 03 2017 at 09:30
277 posts
EUR/USD is trading in consolidation around 1.0750 as market participants await the latest NFP and Jobs report. The move may create high volatility and unexpected price changes so if you have decided to trade the news have tight stops and small positions.

honeill (honeill)
Feb 03 2017 at 09:42
1141 posts
On yesterday session, the EURUSD initially rose with a wide range but found enough resistance at 1.0819 to give back all its gains to the market and closed near the low of the day, although the currency pair managed to close within the previous day range, which suggests being on the bearish side of neutral.

The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0737 (support), a daily support at 1.0622, the 50-day moving average at 1.0590 (support) and a daily support at 1.0462.

"I trade to make money not to be right."
Feb 03 2017 at 12:04
325 posts
Strong ADP report with 80k above consensus, along with other good labor indicators. Expect strong NFP today. :)

BaldoN (BaldoN)
Feb 03 2017 at 12:52
522 posts
stian posted:
Strong ADP report with 80k above consensus, along with other good labor indicators. Expect strong NFP today. :)

Yep, that is correct, strong ADP then should be strong NFP and strong dollar, BUT when everybody expect this scenario, I assume that something will go wrong and many traders would be surprised!
GL to all :)

Feb 03 2017 at 23:12
325 posts
Eyes on next weeks Fed speak and (as always) Trump. With Fed’s Williams seeing some arguments for a March hike, this could be reaffirmed by members like Harker, Bullard and Evens boosting the chances before Yellen speaks in two weeks. Germany and France trade data can also be interesting, along with potential inflation surprises (due to higher oil prices?). With EURUSD facing resistance for 4 days (and largely for the past 10 trading days) around the early December daily highs. A range break within the next two weeks is very likely.

Feb 05 2017 at 08:07
10 posts
It is annoying that such attention has to be paid to Trump all the time. It really adds uncertainty to the market. It reminds me of the euro crisis when the price spiked all over the place when some politician made any comment

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