EUR/USD
Member Since Apr 08, 2014
1141 posts
Apr 02, 2015 at 07:58
Last month EURUSD fell more than 4.0% and is in a bearish phase, trading below the 10-day moving average. The pair initially fell during yesterday session but found enough support at a Tuesday’s low to turn around and closed near the open of the day, creating an inside day pattern. Stochastic is showing bearish momentum but is still above the 50 level.
"I trade to make money not to be right."
Member Since Nov 21, 2011
1718 posts
Apr 02, 2015 at 14:33
Same pattern on Weekly chart:
Attachments:
Member Since Oct 11, 2013
775 posts
Apr 02, 2015 at 18:09
The EURUSD has already tested the 1.0900 level a couple of times, the more times it stays or visits the 1.0900, the higher the probabilities of a breakout.
Member Since Jun 08, 2014
454 posts
Apr 02, 2015 at 20:11
The EUR/USD is waiting for the NFP tomorrow. better to close all open positions until then
Member Since Apr 14, 2014
230 posts
Apr 03, 2015 at 01:24
1.0900 level still holds for now acting as a strong resistance, on the other hand immediate supports could be found at 1.0800.
Member Since Apr 08, 2014
1141 posts
Apr 03, 2015 at 07:22
EURUSD rose on yesterday session closing well in the green near the high of the day and above the 10-day moving average. Today we will have low liquidity due to Good Friday bank holiday in Europe and Oceania however in the US the nonfarm payrolls and the unemployment rate are due today late morning. The bank expects expect the unemployment rate to remain unchanged at 5.5% and the nonfarm payroll job growth of 220K in March, which is below the consensus forecast of 245K.
"I trade to make money not to be right."
Member Since Nov 21, 2011
1718 posts
Apr 03, 2015 at 12:49
CrazyTrader posted:
If this pattern is valid... then EURSUD will go up.
What a bench of short guys... 64%
Anyone who was long.... GG.
USDCAD trade near target... so EURUSD went up : )
Attachments:
Member Since Apr 14, 2014
230 posts
Apr 03, 2015 at 14:27
The Eur/Usd managed to regain levels above 1.1000 after US payrolls report was showing disappointing data.
Member Since Jul 10, 2014
1117 posts
Apr 03, 2015 at 18:59
I think now that the pair has broken above 1.1000 it is headed for 1.1050, and if it breaks above that resistance it might reach 1.1200.
Member Since Jun 08, 2014
454 posts
Apr 03, 2015 at 20:22
The EUR/USD failed to break the resistance line 1.1000 the price didn't get the required push from the US data to break the psychological resistance and rebounded back to close under it. definitely Monday if the rebound continue I am going short.
Member Since Apr 14, 2014
230 posts
Apr 05, 2015 at 18:44
We probably will see a sharp reversal on Monday.
Member Since Oct 11, 2013
775 posts
Apr 06, 2015 at 03:22
A breakout of the 1.1000 could take the EURUSD to the 1.1100, but the Dollar needs more negative news to for the pair to do that, otherwise it will most likely stay consolidated.
