EUR/USD
Member Since Jun 08, 2014
454 posts
Feb 16, 2016 at 20:57
EUR/USD started to lose steam around the support levels. we might see another rebound from this level
Member Since Oct 11, 2013
775 posts
Feb 17, 2016 at 03:23
The EURUSD is not taking a clear direction yet. Just waiting for confirmation of trend on the daily chart.
Feb 17, 2016 at 07:59
The euro recorded insignificant decline against the dollar on Tuesday. The session was calm, with no sharp changes. Session started at the level of 1.1152 and closed with only 10 pips below. The difference between the highest and lowest value for the day was also small - 67 pips. If the single currency justify positive expectations in the short term resistance at 1.1387 will be broken soon.
Member Since Apr 08, 2014
1141 posts
Feb 17, 2016 at 09:22
Yesterday the EURUSD fell with a narrow range and closed near the low of the day, however managed to close within the previous day range, suggesting a weak bearish momentum.
The pair is trading below the 10-day moving average however is still trading above the 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at at 1.1460, other daily resistance at 1.1237, the 10-day moving average at 1.1217 (resistance), a daily support at 1.1097, and the 200-day moving average at 1.1025 (support).
The pair is trading below the 10-day moving average however is still trading above the 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at at 1.1460, other daily resistance at 1.1237, the 10-day moving average at 1.1217 (resistance), a daily support at 1.1097, and the 200-day moving average at 1.1025 (support).
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Feb 17, 2016 at 17:36
There's a doji candlestick on the four-hour time frame above above the support at 1.1140, I think the pair will bounce off that level and continue rising. That said, it's doubtful that will happen before the FOMC meeting minutes.
forex_trader_249603
Member Since May 13, 2015
83 posts
Feb 17, 2016 at 17:37
victoriajensen posted:
There's a doji candlestick on the four-hour time frame above above the support at 1.1140, I think the pair will bounce off that level and continue rising. That said, it's doubtful that will happen before the FOMC meeting minutes.
well said
Member Since Jun 08, 2014
454 posts
Feb 17, 2016 at 21:52
there was not much movement on the EUR/USD today, the pair is still trying to test 1.1100 levels.
Member Since Oct 11, 2013
775 posts
Feb 17, 2016 at 23:26
The EURUSD is waiting for new information to trade on. Right now there is no reason for the pair to move.
Feb 18, 2016 at 09:36
The single currency depreciated against its US rival on Wednesday after minutes of the Federal Reserve in January gave little indication of whether the US central bank will accelerate the pace of tightening interest rates in the near future.
The minutes of the meeting showed that instability in global financial markets and sluggish inflation expectations have led the US central bank to leave unchanged the way to increase the interest rate.
The minutes of the meeting showed that instability in global financial markets and sluggish inflation expectations have led the US central bank to leave unchanged the way to increase the interest rate.
Member Since Apr 08, 2014
1141 posts
Feb 18, 2016 at 10:12
Yesterday the EURUSD went back and forward with a wide range and closed in the middle of the daily range, in addition closed within the previous day range, suggesting lack of momentum.
The pair is trading below the 10-day moving average acting as dynamic resistance however is still trading above the 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, the 10-day moving average at 1.1213 (resistance), a daily support at 1.1097, and the 200-day moving average at 1.1026 (support).
The pair is trading below the 10-day moving average acting as dynamic resistance however is still trading above the 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, the 10-day moving average at 1.1213 (resistance), a daily support at 1.1097, and the 200-day moving average at 1.1026 (support).
"I trade to make money not to be right."
Feb 18, 2016 at 10:43
The euro recorded a consecutive neutral session against the dollar on Wednesday. The pair remained on the known levels reached earlier in the week. Short-term indicators are in favor of the single currency and if they are come true, the resistance at 1.1235 will be broken. Trading started at a price of 1.1142 as at the beginning bulls prevailed but finally the session closed with 16 pips lower.
Member Since Jul 10, 2014
1117 posts
Feb 18, 2016 at 17:44
The fundamentals today pushed EUR/USD below the support at 1.1130 and the pair fell to the next level of support at 1.1070. If it manages to break below that level I expect a further move to the downside towards 1.1000.
Member Since Jun 08, 2014
454 posts
Feb 18, 2016 at 18:09
Another day with the EUR/USD trading at the open price.
Feb 18, 2016 at 18:39
victoriajensen posted:
The fundamentals today pushed EUR/USD below the support at 1.1130 and the pair fell to the next level of support at 1.1070. If it manages to break below that level I expect a further move to the downside towards 1.1000.
I see the same Victoria, I am watching the pair closely today.
Member Since Oct 11, 2013
775 posts
Feb 18, 2016 at 21:43
The EURUSD comes close to the 200 day exponential moving average, around the 1.1064 level and stalls there. Also, the 1.1100 could act as support, therefore a bounce to the 1.1200 level is possible.
Feb 19, 2016 at 08:56
The single currency marked a slight decrease against the dollar on Thursday. The euro broke the neutral two-day series and continued the negative trend from the end of last week. As a result, the support at 1.1085 was broken. Expectations, however, remain in favor of the euro and bullish sentiment. The session started at 1.1126 and closed with 21 pips lower. Bottom of the day was hit at 1.1071.
Member Since Apr 08, 2014
1141 posts
Feb 19, 2016 at 09:00
Yesterday the EURUSD went back and forward with a wide range again and closed in the middle of the daily range, in addition closed within the previous day range, suggesting lack of momentum.
The pair is trading below the 10-day moving average acting as dynamic resistance however is still trading above the 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, the 10-day moving average at 1.1202 (resistance), a daily support at 1.1097, and the 200-day moving average at 1.1025 (support).
The pair is trading below the 10-day moving average acting as dynamic resistance however is still trading above the 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, the 10-day moving average at 1.1202 (resistance), a daily support at 1.1097, and the 200-day moving average at 1.1025 (support).
"I trade to make money not to be right."
