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EUR/USD
Dec 14, 2015 at 08:47
Member Since May 01, 2015
675 posts
The single currency recorded a successful session against the dollar on Friday. The pair tested the resistance at 1.1040, but didn’t break through it. If expectations for a new bullish momentum come true, the key level will be overcome soon. Session on Friday started at 1.0939 as bullish sentiment prevailed from the beginning. Top of the day was reached at 1.1029, and session finished at 1.0988.
Member Since Jul 10, 2014
1117 posts
Dec 14, 2015 at 10:52
(edited Dec 14, 2015 at 11:16)
Member Since Jul 10, 2014
1117 posts
I expect the next two days to be quite slow for EUR/USD while everyone are waiting for the FED to make their rate decision announcement. The pair might fall to 1.0900 or test the resistance at 1.1040 but either way range will probably continue.
forex_trader_278441
Member Since Oct 04, 2015
52 posts
Dec 14, 2015 at 11:48
Member Since Oct 04, 2015
52 posts
@victoriajensen @FXWE @deresel
Wednesday and Thursday will be 'hot'days for the EUR/USD pair.
When the Rate Hike will be launched, what will your expectations be for the pair?
I expect the FED will raise the rate and the EUR/USD will plunge south....
Wednesday and Thursday will be 'hot'days for the EUR/USD pair.
When the Rate Hike will be launched, what will your expectations be for the pair?
I expect the FED will raise the rate and the EUR/USD will plunge south....
Member Since Apr 08, 2014
1141 posts
Dec 14, 2015 at 14:45
Member Since Apr 08, 2014
1141 posts
On Friday session the EURUSD rose but half of its gains back to the market and closed in the green, in the middle of the daily range also closing within previous day range, suggesting that the pair turn into a consolidation mode and maybe topped out.
The 10-day moving average is now acting as a dynamic support and will push the price up.
The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1083 (resistance), the 10-day moving average at 1.0930 (support), 1.0900 (support) and 1.0819 (support).
The 10-day moving average is now acting as a dynamic support and will push the price up.
The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1083 (resistance), the 10-day moving average at 1.0930 (support), 1.0900 (support) and 1.0819 (support).
"I trade to make money not to be right."
Member Since Jun 08, 2014
454 posts
Dec 15, 2015 at 07:42
Member Since Nov 16, 2015
708 posts
The euro reflected modest gains on Friday, erasing some of its losses from the previous session after currency traders continued to support the likelihood of a rise in interest rates this week.
Demand for the dollar was still strong.
On Friday, the currency pair traded between 1.0926 and 1.1030 before settling at a price of 1.0988.
Demand for the dollar was still strong.
On Friday, the currency pair traded between 1.0926 and 1.1030 before settling at a price of 1.0988.
Dec 15, 2015 at 08:10
Member Since May 01, 2015
675 posts
The single currency recorded a minor increase against the dollar on Monday. The session was dynamic and as a result the resistance at 1.1040 was pierced. The pair reached tip of the day at 1.1047 and immediately afterwards, however, the price was corrected and session closed at 1.0990. If short-term expectations for the new positive momentum of the euro justify, the key levels will again be overcome.
forex_trader_278441
Member Since Oct 04, 2015
52 posts
Member Since Apr 08, 2014
1141 posts
Dec 15, 2015 at 10:13
Member Since Apr 08, 2014
1141 posts
Yesterday the EURUSD went back and forward but managed to close in the middle of the daily range, in addition closed within the previous day range, suggesting that the pair continues consolidating.
The 10-day moving average continues to support the pair and even pushing the price up.
The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1084 (resistance), the 10-day moving average at 1.0942 (support), 1.0900 (support) and 1.0819 (support).
The 10-day moving average continues to support the pair and even pushing the price up.
The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1084 (resistance), the 10-day moving average at 1.0942 (support), 1.0900 (support) and 1.0819 (support).
"I trade to make money not to be right."
Member Since Sep 12, 2015
1948 posts
Dec 15, 2015 at 12:54
Member Since Sep 12, 2015
1948 posts
What an exciting morning,we got the push through 1050,I was expecting this before news today,the Asian session was a strong move,usually quiet slow grind.Figures out later today,I will be waiting for trend to form before I jump in.Watch out for spikes mins after the data.No fixed levels as the figures will dictate where this trade seeks value,not a technical trade as such.Just now 12.32 we almost got a push down to 984 level,this might be the start of another up trend,would prefer a deeper spike to just push through this level by a few points then reverse.
"They mistook leverage with genius".
Member Since Jul 10, 2014
1117 posts
Dec 15, 2015 at 16:31
Member Since Jul 10, 2014
1117 posts
EUR/USD formed a doji candlestick on the four-hour time frame below the resistance at 1.1040 and moved to the downside, reaching 1.0900 again. If it bounces off that support it will likely head for 1.1000 again, but if it breaks below that level it will probably fall towards 1.0800.
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