EUR/USD
Member Since Sep 12, 2015
1948 posts
Jan 21, 2016 at 18:52
WijnHF posted:
Nice impacts during the ECB press conference!
(still can't believe that 'Kieran' missed it :) ! )
😲
Jesus I had a buy order at 710 grrrr,my trading partner said yesterday move it up to 800,lol.Just caught 21 points in the last few minutes,I missed the bottom by 1 minute.Still looks like an up trend even though 880-900 were former resistance areas!!My students did really well today.Hope you did well my friend.
"They mistook leverage with genius".
Member Since Jun 08, 2014
454 posts
Jan 21, 2016 at 21:03
Abdul2012 posted:
The ECB announcement shock the EUR/USD out of it's coma and dropped it under the daily support at 1.0806 but it bounced over Fibonacci support at 1.0845, I see that the pair will stay under this level while the US data supporting the Dollar.
Well still this was not enough, EUR/USD returned to open price for the day.
Jan 22, 2016 at 09:18
The single currency recorded a modest decline for second consecutive day against the US dollar. After a volatile session, the euro lost 15 pips. The price managed to break through the first support at 1.0854, but immediately after the ECB meeting the pair bounced back. If bearish sentiment continue, EUR / USD will break first support at 1.0854 for a second time.
Jan 22, 2016 at 09:32
EUR/USD was indecisive yesterday. Price attempted to push lower, formed bottom of 1.0771, but then rose again and closed at 1.0874. The outlook remains neutral for now. Resistance for the day is seen at 1.0885 (hourly EMA 200). A clear break above this level could lead to upward pressure re-testing 1.0969. Immediate support is around 1.0800 - 1.0776, whose breach could trigger bearish pressure testing 1.0700. On the upside, a clear break and daily/weekly close above 1.0969 could trigger further bullish pressure testing 1.1060 and the trend line resistance next week. The longer, however, the price remains below the trend line resistance, the bearish scenario should remains intact.
Member Since Apr 08, 2014
1141 posts
Jan 22, 2016 at 11:21
On yesterday session the EURUSD initially tried to rise but found enough selling pressure to sell-off and close in the red, in the middle of the daily range, in addition managed to close below the previous day low, suggesting a weak bearish momentum.
The pair closed below the 10-day moving average however is still above the 50-day moving average that is acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1046 (resistance), previous swing high at 1.0975 (resistance), 10-day moving average at 1.0881 (resistance), the 50-day moving average at 1.0852 (support) and the last swing low at 1.0805 (Support).
The pair closed below the 10-day moving average however is still above the 50-day moving average that is acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1046 (resistance), previous swing high at 1.0975 (resistance), 10-day moving average at 1.0881 (resistance), the 50-day moving average at 1.0852 (support) and the last swing low at 1.0805 (Support).
"I trade to make money not to be right."
forex_trader_249603
Member Since May 13, 2015
83 posts
Jan 22, 2016 at 15:28
EUR/USD is currently neutral..
Member Since Jul 10, 2014
1117 posts
Jan 22, 2016 at 15:44
The pair formed a hanging man candlestick below the resistance at 1.0900 on the daily time-frame and moved to the downside again, but range isn't over yet. Perhaps next week it will finally be able to break below 1.0800 - 1.0780.
Member Since Jun 08, 2014
454 posts
Jan 22, 2016 at 17:23
If EUR/USD succeeded to close under support level 1.0800 and break the sideways trading it will open a chance for more movement next week.
Jan 22, 2016 at 18:10
sherifFares posted:That is exactly what i was expecting, Let's hope next week will come with better opportunities.
If EUR/USD succeeded to close under support level 1.0800 and break the sideways trading it will open a chance for more movement next week.
Member Since Oct 11, 2013
775 posts
Jan 25, 2016 at 01:52
No clear trend on the EURUSD, lets see if it takes a trend this week.
Member Since Apr 08, 2014
1141 posts
Jan 25, 2016 at 09:56
On the last Friday’s session the EURUSD plunged and closed well in the red, near the low of the day, in addition managed to close within the previous day range, suggesting a weak bearish momentum.
The pair closed below the 10 and the 50-day moving averages that now are acting as a dynamic resistance.
The key levels to watch are: The previous swing high at 1.0975 (resistance), 10-day moving average at 1.0877 (resistance), the 50-day moving average at 1.0851 (resistance) and a swing low at 1.0712 (Support).
The pair closed below the 10 and the 50-day moving averages that now are acting as a dynamic resistance.
The key levels to watch are: The previous swing high at 1.0975 (resistance), 10-day moving average at 1.0877 (resistance), the 50-day moving average at 1.0851 (resistance) and a swing low at 1.0712 (Support).
"I trade to make money not to be right."
Jan 25, 2016 at 10:22
The euro recorded a losing session against the dollar on Friday. The single currency ended the week at lower levels, bringing the pair close to the support at 1.0769. If the negative momentum continues, the key level will be overcome and the new goal of currencies will be the second support at 1.0707. Session on Friday started at a price of 1.0872 as the bear trend was leading from the start and dominated throughout. Bottom of the day was hit at 1.0789 and the finish line was crossed only 6 pips higher.
Member Since Sep 12, 2015
1948 posts
Jan 25, 2016 at 14:28
Gold futures are up,putting some pressure on the dollar today.
"They mistook leverage with genius".
Member Since Jul 10, 2014
1117 posts
Jan 25, 2016 at 17:44
csc2009 posted:
Eur/Usd is back to it's range between 1.0800 to 1.0900 and bouncing off 1.0810/40 zone. There are probably no change in ranging for the week.
Range is becoming tighter and tighter, it has to end sooner or later and when it does we can likely expect a big move to the downside.
Member Since Jun 08, 2014
454 posts
Jan 25, 2016 at 19:04
EUR/USD failed to break 1.0800 last week and close under and price rebounded back from the support levels today, I think we might go back to the sideways trading again.
