To use chat, please login.
Back to contacts
deresel
Apr 05 2017 at 09:18
708 posts
The euro recorded a third consecutive neutral session against the dollar on Tuesday. So the couple stayed in range by the end of last week, about the level of support at 1.0620. Short-term indicators at the moment, however, are in favor of the single currency. Trading on Tuesday was opened at a price of 1.0667, while the rate of closure was 5 pips higher. The trend varies in a very narrow range, the difference between the highest and lowest value for the day was 41 pips.

deresel
Apr 05 2017 at 09:20
708 posts
Key levels to watch for:
Support: 1.0620; 1.0598;
Resistance: 1.0773; 1.0828.

victoriajensen
Apr 05 2017 at 13:58
1117 posts
EUR/USD continues consolidating above 1.0640 after forming a hammer candlestick on the daily time-frame at that level. Considering the fundamentals tomorrow and on Friday, and especially the US Change of Non-Farm Payrolls on Friday, consolidation will likely continue for now.

FXWES
Apr 06 2017 at 06:42
675 posts
Lately the EUR/USD pair is caught in tight range but according to the technical readings on the four-hour time frame the risk remains towards downwards. The pair is experiencing difficulties to puch higher above the the 20-day SMA, which is tending to south currenlty. RSI has switched to bullish mode, but yet is below mid-lines, while stochastic is caught in the middle and is trending to lows. Whereas the pair is standing still we should consider the key support level at 1.0620, as in case of breaking it, bears would be poised to chase 1.0565.

honeill (honeill)
Apr 06 2017 at 07:26
1141 posts
On yesterday session, the EURUSD initially fell but found yet again enough support at 1.0642 to reverse and close near the high of the day, however the currency pair closed within Tuesday’s range, which suggests being slightly on the bullish side of neutral.

The currency pair is trading above the 50-day moving average that should provide a dynamic support, however is still trading below 10 and 200-day moving averages that should provide dynamic resistance.

The key levels to watch are: a daily resistance at 1.0900, the 200-day moving average at 1.0825 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0728 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0657 (support) and a daily support at 1.0622.

"I trade to make money not to be right."
david791 (david791)
Apr 06 2017 at 10:26
44 posts
victoriajensen
Apr 06 2017 at 13:17
1117 posts
Consolidation is getting tighter and tighter. While there's still a possibility that EUR/USD will start moving to the upside again, it's doubtful that there will be any major changes before the fundamentals tomorrow.

bestools
besttools
Apr 06 2017 at 13:17
898 posts
At the moment EUR/USD is losing 0.21% at 1.0642 and a breakdown of 1.0629 (low Apr.6) would target 1.0625 (100-day sma) and finally 1.0597 (low Mar.14). On the flip side, the immediate resistance is located at 1.0705 (high Mar.31) seconded by 1.0728 (20-day sma) and then 1.0772 (high Mar.30).

honeill (honeill)
Apr 07 2017 at 07:56
1141 posts
On yesterday session, the EURUSD initially tried to rise but found enough selling pressure around Wednesday open at 1.0679 to reverse and close near the low of the day, however the currency pair closed within Wednesdays range, which suggests being slightly on the bearish side of neutral.

The currency pair is trading below the 10, the 50 and 200-day moving averages that should provide dynamic resistance.

The key levels to watch are: The 200-day moving average at 1.0823 (resistance), a daily resistance at 1.0819, the 10-day moving average at 1.0709 (resistance), a daily resistance at 1.0713, the 50-day moving average at 1.0657 (resistance), a daily support at 1.0622 and a Fibonacci retracement at 1.0584 (support).

"I trade to make money not to be right."
bestools
besttools
Apr 07 2017 at 09:06
898 posts
At the moment EUR/USD is losing 0.09% at 1.0634 and a breach of 1.0627 (low Apr.6) would target 1.0625 (100-day sma) en route to 1.0597 (low Mar.14). On the flip side, the immediate hurdle aligns at 1.0673 (55-day sma) followed by 1.0705 (high Mar.31) and finally 1.0724 (20-day sma).

Please login to comment .