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FXWES
Mar 15 2017 at 08:18
675 posts
EUR/USD is currently gravitating around 1.06 handle. From fundamental viewpoint markets attention today will be focused on elections in the Netherlands and mostly on the announcement of the interest rate of Fed.

honeill (honeill)
Mar 15 2017 at 08:18
1141 posts
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Monday’s low, which suggests a strong bearish momentum.

The currency pair is still trading above the 10 moving average that should provide dynamic support but closed below the 50-day moving average and continues to trade below the 200-day moving average both should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, other daily resistance at 1.0713, the 50-day moving average at 1.0647 (resistance), a daily support at 1.0622, the 10-day moving average at 1.0611 (support) a daily support at 1.0527 and other daily support at 1.0462.

"I trade to make money not to be right."
stian
Mar 15 2017 at 11:34
325 posts
Slow Retail sales is likely as the tax refunds have been slow - negative MoM is not off, below expectations, but eyes are likely more on the inflation. PPI have opened the door for better than expected numbers.

Next up is the rate hike, eyes on the dot plot, and statement. Then the press conference.

Then overnight we have the Dutch election.

Lots of potensial movers towards any direction the next 24 hours.

bestools
besttools
Mar 15 2017 at 12:45
898 posts

Eur/Usd is advancing 0.22% at 1.0627 facing the next up barrier at 1.0715 (high Mar.13) ahead of 1.0829 (2017 high Feb.2) and finally 1.0873 (high Dec.8 2016). On the downside, a breach of 1.0597 (low Mar.14) would target 1.0591 (20-day sma) en route to 1.0569 (low Mar.10).

victoriajensen
Mar 15 2017 at 12:50
1117 posts
It's consolidating above 1.0600, the consolidation will likely only get tighter the closer we get to the FOMC announcements later today.

stian
Mar 15 2017 at 21:31
325 posts
FOMC came pretty much as expected with no major hawkish addition. Still room to build up the odds for a June hike now.

Cryptocurrency (Cryptocurrency)
Mar 15 2017 at 23:35
178 posts
My March 14th, 2017 prediction on EUR/USD was correct. Now, I'm waiting for the price to retest this Bollinger Trend PRO support line.

Attachments:


I trade Forex using my Bollinger Trend PRO mt4 indicator.
Cryptocurrency (Cryptocurrency)
Mar 16 2017 at 01:15
178 posts
Potential price channel for EUR/USD

Attachments:


I trade Forex using my Bollinger Trend PRO mt4 indicator.
arigoldman (arigoldman)
Mar 16 2017 at 07:31
907 posts
What a spike in the EUR/USD! I bet most of the retail traders were caught off guard with all those expectations of a strong US dollar.

honeill (honeill)
Mar 16 2017 at 08:38
1141 posts
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Tuesday’s high, which suggests a strong bullish momentum.

The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade 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, other daily resistance at 1.0713, the 50-day moving average at 1.0650 (support), a daily support at 1.0622, the 10-day moving average at 1.0622 (support) a daily support at 1.0527 and other daily support at 1.0462.

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