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alexforex007
Aug 24 2017 at 01:09
774 posts
Traders are really waiting to see what Draghi and Yellen have to say on Friday at the Jackson Hole meeting before taking any sides. That is why the EURUSD is still consoldiating around the 1.1800 level and the 1.1700 level. The pair goes back up to the 1.1800 zone, but it has not taken a clear direction.

honeill (honeill)
Aug 24 2017 at 08:29
1141 posts
On yesterday session, the EURUSD rose on the back of a narrow range but with a wide spread and managed to 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 closed above the 10-day moving average that should provide dynamic support however is still trading above the 50 and 200-day moving averages that should provide dynamic support.

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1770 (support), a daily support at 1.1753, a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.

"I trade to make money not to be right."
Tssh_Nguyen
Aug 24 2017 at 14:01
5 posts
stevewalker posted:
this thread is about EUR/USD

please feel free to post your forecast/comments/thoughts about that pair.

walker


I think EUR/USD will be return the top at 1.1920.

FXWES
Aug 24 2017 at 14:05
675 posts
EUR/USD is hovering around the 1.18 handle today amid the light macro calendar. Tomorrow’s speeches of Mario Draghi and Janet Yellen will set more clear direction for the pair.

victoriajensen
Aug 24 2017 at 18:26
1117 posts
The EUR/USD consolidation is getting tighter with each passing hour, tomorrow there will likely be a breakout and a significant movement depending on the fundamentals.

alexforex007
Aug 24 2017 at 18:38
774 posts
The EURUSD tries to go back up above the 1.1800 level, but it is really consolidating. The consolidation may continue until the markets hears something relevant from Janet Yellen or Mario Draghi at the Jackson Hole symposium.

honeill (honeill)
Aug 25 2017 at 08:34
1141 posts
On yesterday session, the EURUSD went back and forward without any clear direction and closed in the middle of the daily range, in addition the currency pair closed within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.

The currency pair made a narrow spread candle with high volume which is an anomaly and not a good sign for bulls.

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

The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, the 10-day moving average at 1.1771 (support), a daily support at 1.1753, a daily support 1.1687, other daily support at 1.1556 and other daily support at 1.1460.

"I trade to make money not to be right."
arigoldman (arigoldman)
Aug 25 2017 at 14:34
907 posts
Big move today, let's see if it keeps going next week.

victoriajensen
Aug 25 2017 at 16:50
1117 posts
The fundamentals today pushed EUR/USD to the upside and the pair will likely test the previous high at 1.1910. A breakout above that level will probably lead to a further rally towards 1.2000.

stian
Aug 25 2017 at 17:39
325 posts
Its all on Draghis speech which can push it either back below 1.18 or towards 1.20. Just like the dollar before Yellen, the euro is a bit high, anticipating a disappointing retrace myself.

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