EUR/USD

Jun 17, 2012 at 11:03
194,405 Views
9,790 Replies
Member Since Apr 12, 2015   6 posts
May 20, 2015 at 06:33
I would like to take a doubt, I'm using the tool pattern of the site, and only operate with daily charts and if there 2+ candles with downtrend.

Yesterday open position in sales for having three candles bassists ..
I respond, fo luck or give to a profit in the long run?


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Member Since Apr 08, 2014   1141 posts
May 20, 2015 at 08:02
On yesterday session the EURUSD fell fast and hard after ECB statement saying that due to seasonal factors QE will be front loaded to May and June, hypothetically deposit rates could even be more negative. The currency closed near the low of the day with a wide spread day, the next support levels to watch are 1.1097 daily support, 1.1058 Fibonacci level (38.2) and 1.0972 the 50 day moving average.
"I trade to make money not to be right."
Member Since May 01, 2015   675 posts
May 20, 2015 at 12:05
USD formed correction against the EUR , directing the price to the support at 1.1270. When crossing this level, we can expect a drop to important level around 89-day moving average located at the psychological level at 1.1000. Breaking below this level will test the validity of the formed by mid-April upward movement in favor of the euro.
Member Since Jun 08, 2014   413 posts
May 20, 2015 at 17:45
EUR/USD bearish for the 3rd day and broke under the 1.1100 today, so it may continue declining for the short term and this week.
Member Since Jul 10, 2014   1117 posts
May 20, 2015 at 18:06
I agree, the EUR/USD descent continued today and the pair will soon reach the support at 1.1000, coinciding with the (89)MA on the daily filter chart. However, I think it's very possible for the pair to break below that support and continue falling for the foreseeable future.
Member Since Jun 08, 2014   454 posts
May 20, 2015 at 18:45
EUR/USD successfully closed under the support line 1.1150 yesterday. today price fell around 100 pips which I took 50 from. but now price is trading in side ways I don't think there is an opening for another position at the moment.
Member Since Jun 07, 2011   372 posts
May 20, 2015 at 22:54
EUR / USD fell yesterday after the ECB has said it will step up its QE program in May and June, to avoid disruption to the market during the summer months.
The RSI broke the support in your line of 30 and can recover from there.
Member Since Apr 09, 2014   834 posts
May 20, 2015 at 23:44
victoriajensen posted:
I agree, the EUR/USD descent continued today and the pair will soon reach the support at 1.1000, coinciding with the (89)MA on the daily filter chart. However, I think it's very possible for the pair to break below that support and continue falling for the foreseeable future.

A break below 1.1050 region is required to confirm a further bearish continuation towards the 1.100 figure.
Member Since Apr 14, 2014   230 posts
May 21, 2015 at 03:09
csc2009 posted:
victoriajensen posted:
I agree, the EUR/USD descent continued today and the pair will soon reach the support at 1.1000, coinciding with the (89)MA on the daily filter chart. However, I think it's very possible for the pair to break below that support and continue falling for the foreseeable future.

A break below 1.1050 region is required to confirm a further bearish continuation towards the 1.100 figure.

I guess you are right, support can be seen at 1.1053/1.1036 zone.
Member Since May 01, 2015   675 posts
May 21, 2015 at 07:16
EUR/USD continue to move lower yesterday, bottomed at 1.1118. The outlook remains bearish in nearest term. Important support is seen around 1.1100 - 1.1040, as break and daily close below it could become an early signal of bearish reversal scenario. Initial resistance is at 1.1200. A clear break above that area could lead price to neutral zone and give another chance to the bullish outlook testing 1.1280. The trend is not over until it's over, so as long as the pair remains in the bullish channel the bullish outlook should remain valid.
Member Since Apr 08, 2014   1141 posts
May 21, 2015 at 08:12
EURUSD fell on yesterday session for the third day in a row but this time with a narrow range and closed near the middle of the daily range. The currency made its low at 1.1058 a Fibonacci retracement of 38.2 this suggests that is going to a consolidation mode within a daily support zone from 1.1237 down to 1.1097.
"I trade to make money not to be right."
Member Since Jul 10, 2014   1117 posts
May 21, 2015 at 13:54
EUR/USD failed to break below the support at 1.1050 and moved to the upside again, but the shooting star candlestick in the four hour filter chart is an indication that the pair will likely attempt to test that support again soon.
Member Since Jun 07, 2011   372 posts
May 21, 2015 at 14:49
EUR / USD traded lower on Wednesday and 'hit' the support near the 200 periods moving average, slightly above the main barrier of 1.1045.
The RSI rebounded from near its line 30 and the MACD came down and can move above its signal line soon.
Member Since Jun 08, 2014   413 posts
May 21, 2015 at 20:09
The EUR/USD under strong sell in the market today while the expectations of the continuous bearish trend, but the pair still above the 1.1050 support level.
Member Since Jun 08, 2014   454 posts
May 21, 2015 at 20:24
The market is calm today before tomorrows 2 speeches from Draghi and Yellen. EUR/USD open an close prices today are very narrow.
Member Since Sep 23, 2010   17 posts
May 22, 2015 at 02:03
instead of bearish, i think it would be bullish day ~
Member Since Oct 11, 2013   775 posts
May 22, 2015 at 02:53
1.1100 level good support for the EURUSD, but the more the price consolidates around that zone, the higher the chances of seeing a breakdown of that level.
Member Since May 01, 2015   675 posts
May 22, 2015 at 07:16
USD is seriously rising against the EUR for a third day, approaching to significantly important level around 89-day moving average located at the psychological level at 1.1000.The strong downward movement in the direction of long-term trend increases the probability of breaking the current resistance at 1.1000. In fall below this level, the long-term advantage of the dollar will be confirmed.
Member Since Apr 08, 2014   1141 posts
May 22, 2015 at 07:51
EURUSD tried to rally but found enough selling pressure near the 1.1186 Fibonacci level to give all its gains back and closed in the green near the open of the day, creating an inverted hammer pattern. This pattern is considered bullish so we may expect another push upward today.
"I trade to make money not to be right."
Member Since Jun 08, 2014   413 posts
May 22, 2015 at 17:48
As the USD strengthen, the EUR/USD testing the 1.1100 after falling from the 1.1200 level today, I thing the bullish will be next week.
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