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EUR/USD
Jan 11, 2016 at 08:14
Member Since May 01, 2015
675 posts
The single currency broke in the two-day winning streak on Friday. The pair scored a positive week, adding nearly 50 pips. Bottom for the period was reached at 1.0710. Short-term attitudes remain positive, technically the pair is likely to test levels at 1.0995.
Member Since Apr 08, 2014
1141 posts
Jan 11, 2016 at 08:34
Member Since Apr 08, 2014
1141 posts
On the last Friday’s session the EURUSD initially fell but found strong support at the 50-day moving average and closed in the green, near the high of the day, in addition managed to close within the previous day range, suggesting that bullish momentum is settling in.
The pair closed above the 10 and 50-day moving averages that continue acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1052 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0870 (support), the 1.0819 (support) and the 50-day moving average at 1.0807 (support).
The pair closed above the 10 and 50-day moving averages that continue acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1052 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0870 (support), the 1.0819 (support) and the 50-day moving average at 1.0807 (support).
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Jan 11, 2016 at 14:07
Member Since Jul 10, 2014
1117 posts
EUR/USD reached 1.0968 and failed to break above that resistance. More importantly, the pair has formed a hanging man candlestick on the weekly time-frame right under the resistance at 1.1000. I think we might see a bigger move to the downside, perhaps towards 1.0600 - 1.0550.
Member Since Sep 12, 2015
1948 posts
Jan 11, 2016 at 14:59
Member Since Sep 12, 2015
1948 posts
Hey if I see a move down like that I will be buying like crazy,I doubt it very much though.
"They mistook leverage with genius".
Member Since Jun 08, 2014
454 posts
Member Since Oct 11, 2013
775 posts
Jan 12, 2016 at 07:27
Member Since May 01, 2015
675 posts
EUR/USD registered a decrease in the beginning of the new week. The euro depreciated by 60 pips against the dollar to a closing price of 1.0858. The session was held within the extremes at 1.0968 and 1.0848. In the short term prospects seem neutral, as immediate targets appear levels at 1.0995 and 1.0805.
Member Since Apr 08, 2014
1141 posts
Jan 12, 2016 at 09:08
Member Since Apr 08, 2014
1141 posts
On yesterday session the EURUSD tried to rally but found enough selling pressure to turn south and closed in the red near the low of the day, in addition managed to close below previous day low, suggesting a strong bearish momentum.
The pair closed below the 10 but above the 50-day moving average that continue acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1049 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0861 (support), the 1.0819 (support) and the 50-day moving average at 1.0816 (support).
The pair closed below the 10 but above the 50-day moving average that continue acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1049 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0861 (support), the 1.0819 (support) and the 50-day moving average at 1.0816 (support).
"I trade to make money not to be right."
Member Since Oct 02, 2014
909 posts
Member Since Sep 12, 2015
1948 posts
Jan 12, 2016 at 14:26
Member Since Sep 12, 2015
1948 posts
On the longer time frames its looking bearish,I see 710 as support level,for now we are stuck around 860 need to break this level for bullish move.
"They mistook leverage with genius".
Member Since Jul 10, 2014
1117 posts
Jan 12, 2016 at 16:37
Member Since Jul 10, 2014
1117 posts
It bounced off the resistance at 1.0820 but if it breaks below that level it will fall to 1.0760, possibly even lower.
Member Since Sep 12, 2015
1948 posts
Jan 12, 2016 at 17:43
Member Since Sep 12, 2015
1948 posts
victoriajensen posted:
It bounced off the resistance at 1.0820 but if it breaks below that level it will fall to 1.0760, possibly even lower. [/quote
Here's a link you might be interested in
https://www4.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2011/12/08/What_is_the_Number_One_Mistake_Forex_Traders_Make.html
"They mistook leverage with genius".
Member Since Jun 08, 2014
454 posts
Jan 13, 2016 at 08:28
Member Since May 01, 2015
675 posts
The pair practically remained unchanged during yesterday's session at 1.0856. Market participants did not set a clear direction after trading within the extreme values 1.0899 and 1.0819. Technically outlook in the short term remains neutral, as EUR/USD continues to move within the 1.0995 and 1.0805.
Member Since Apr 08, 2014
1141 posts
Jan 13, 2016 at 08:32
Member Since Apr 08, 2014
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 managed to close within previous day range, suggesting sideways action for the next couple of days.
The pair closed below the 10 but above the 50-day moving average that continues acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1048 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0854 (resistance), the 50-day moving average at 1.0816 (support) and the last swing low at 1.0711 (Support).
The pair closed below the 10 but above the 50-day moving average that continues acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1048 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0854 (resistance), the 50-day moving average at 1.0816 (support) and the last swing low at 1.0711 (Support).
"I trade to make money not to be right."
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