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Wulfie
Apr 10 2017 at 06:23
3 posts
Wulfie posted:
question: Why is EUR/USD despite of a bad nonfarm payrolls result going down?

The result was much worse then the expected result. How can this already be priced in ?

could somebody please answer my question?

honeill (honeill)
Apr 10 2017 at 07:32
1141 posts
On the last Friday’s session the EURUSD fell with a wide range and closed near the low of the day, in addition the currency pair managed to close below Thursday’s low, which suggests a strong bearish momentum.

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 50-day moving average at 1.0655 (resistance), the 10-day moving average at 1.0681 (resistance), a daily resistance at 1.0622, a Fibonacci retracement at 1.0584 (support) and other Fibonacci retracement at 1.0527 (support).

"I trade to make money not to be right."
victoriajensen
Apr 10 2017 at 12:23
1117 posts
EUR/USD dropped significantly after the fundamentals on Friday, breaking out below 1.0630. It's currently testing the support at 1.0570 and a breakout below that level too could lead to a further drop towards 1.0500.

bestools
besttools
Apr 10 2017 at 16:43
898 posts
At the moment the EUR/USD is losing 0.13% at 1.0577 and a breach of 1.0570 (low Apr.10) would target 1.0523 (low Mar.9) en route to 1.0493 (low Mar.2). On the flip side, the immediate hurdle aligns at 1.0624 (100-day sma) followed by 1.0669 (55-day sma) and finally 1.0690 (high Apr.5).

FXWES
Apr 11 2017 at 07:25
675 posts
EUR/USD has turned to bearish mode and the uptrend for now seems to be limited. The pair has surpassed the important 50-day moving average last week and the bears are now aiming the 61.8% Fibonacci level at 1.0555. The bearish case might be compromised only above the resistance at the 38.2% Fibonacci level at 1.0685.

FXWES
Apr 11 2017 at 07:33
675 posts
EUR/USD failed to stay above the 1.06 handle and has entered in consolidation phase. Same level remains strong resistance while first support is seen at 1.0568 and lower at 1.0535.

honeill (honeill)
Apr 11 2017 at 08:26
1141 posts
On yesterday session, the EURUSD went back and forward without any clear direction but closed in the green, in the middle of the daily range, however the currency pair closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.

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 50-day moving average at 1.0652 (resistance), the 10-day moving average at 1.0641 (resistance), a daily resistance at 1.0622, a Fibonacci retracement at 1.0584 (support) and other Fibonacci retracement at 1.0527 (support).

"I trade to make money not to be right."
jokinvipo1
Apr 11 2017 at 14:17
3 posts
Hey guys,

I have a EUR/USD pending order at 1.064 TP you think the market will change in my favor?


victoriajensen
Apr 11 2017 at 14:18
1117 posts
After forming a double bottom at 1.0570 visible on the one-hour time-frame EUR/USD bounced off from that level and started moving to the upside again. The pair has already broken above 1.0600 again and its next target is likely 1.0660.

FXWES
Apr 12 2017 at 07:00
675 posts
EUR/USD is flirting with 1.06 level and is offering no indications for strong direction change. Amid the uncertainty around French elections , the single currency may not push higher.

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