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alexforex007
Mar 08 2016 at 06:10
775 posts
There was some volatility on the EURUSD, but the pair is currently undecided.
rosentray
Mar 08 2016 at 07:48
277 posts
I have a reason to believe that the EUR/USD is ready for take off. The price has been trading slightly above long-term downward channel and is currently creating a new upward channel. Should we get another attempt to break the 200SMA, we might see the EUR/USD climbing above 1.11.
Hugo ONeill (honeill)
Mar 08 2016 at 08:52
1141 posts
Yesterday the EURUSD initially fell but found enough support at the 10-day moving average to turn around and closed near the high of the day, however closed within the previous day range, suggesting a weak bullish momentum.

The pair closed above the 10, 50-day moving averages that are acting now as dynamic support however did not managed to close above the 200 day moving average.

The key levels to watch are: A daily resistance at 1.1236, other daily resistance at 1.1097, the 200-day moving average at 1.1020 (resistance), 50-day moving average at 1.0997 (support), the 10-day moving average at 1.0944 (support) and a daily support at 1.0900.
"I trade to make money not to be right."
FXWES
Mar 08 2016 at 09:13
675 posts
The single currency registered a volatile session against the dollar on Monday. Ultimately, the euro slightly advanced against the dollar and so the break of resistance at 1.1066 was postponed. If bullish sentiment continue in the future, the key level will be overcome. The new week started at a price of 1.0992 as initially bearish sentiment prevailed. The pair hit bottom for the day at 1.0939 abs session closed at 1.1013.
deresel
Mar 08 2016 at 09:15
708 posts
Daily levels to watch for:
Support: 1.0892; 1.0822;
Resistance: 1.1066; 1.1119.
HalleyFX
Mar 08 2016 at 13:17
83 posts
The Euro is surprisingly getting bids two days ahead of the ECB meeting on Thursday.
Is this a strategy to buy the rumour and sell the fact? Hard to tell. Will it be slammed hard after the meeting?
The ECB would surely like that but they have disappointed in December so the market is suspicious...
csc2009
Mar 08 2016 at 14:05
834 posts
The gain seems limited near 1.1050 handle, the pair very likely stay in the range ahead of the ECB on Thursday.
victoriajensen
Mar 08 2016 at 16:37
1117 posts
csc2009 posted:
The gain seems limited near 1.1050 handle, the pair very likely stay in the range ahead of the ECB on Thursday.

 If it breaks above 1.1050 it will probably continue rising towards 1.1200 but range will likely continue for now.
Abdul2012
Mar 08 2016 at 17:41
413 posts
The EUR/USD fell today close to the opening from the resistance level around 1.1050, I see that going short from the 1.1020 is option today.
sherifFares
Mar 08 2016 at 19:09
454 posts
EUR/USD started trading around the resistance level 1.1000 we might see a few days of trading around this levels.
rosentray
Mar 08 2016 at 20:14
277 posts
EUR/USD reached 1.1057, 15 pips above the 200SMA but due to heavy bearish pressure, it retraced back below the Moving Average and is currenctly trading around the 1.10-1.1015 level.

The pair reached resistance twice in the last three days, indicating that the Euro might attempt a bull run. Pay attention to news this week and watch 1.1045.
alexforex007
Mar 08 2016 at 23:50
775 posts
On the day chart, the EURUSD may be completing a bullish pullback to continue in the direction of the original trend, which is bearish.
FXWES
Mar 09 2016 at 08:31
675 posts
The euro recorded a minor decline against the dollar on Tuesday. Although at the beginning of the session bullish sentiment prevailed, the single currency failed to progress. As a result, however, the pair reached the resistance at 1.1066, after peaking at 1.1057. If the positive trend continue in the future, the key level will be overcome.
Ari Goldman (arigoldman)
Mar 09 2016 at 09:18
909 posts
Waiting for the news tomorrow...
deresel
Mar 09 2016 at 09:19
708 posts
Next levels to watch for:
Support: 1.0892; 1.0822;
Resistance: 1.1066; 1.1119.
Hugo ONeill (honeill)
Mar 09 2016 at 09:26
1141 posts
Yesterday the EURUSD tried to rally but found enough resistance at the 200-day moving average to turn around and closed near the low of the day, however closed within the previous day range, suggesting a weak bearish momentum.

The pair closed above the 10, 50-day moving averages that are acting now as dynamic support however did not managed to close above the 200 day moving average that is acting as dynamic resistance.

The key levels to watch are: A daily resistance at 1.1236, other daily resistance at 1.1097, the 200-day moving average at 1.1021 (resistance), 50-day moving average at 1.1000 (support), the 10-day moving average at 1.0947 (support) and a daily support at 1.0900.
"I trade to make money not to be right."
rosentray
Mar 09 2016 at 11:14
277 posts
EUR/USD is trading lower today, due to major resistance in the face of the 200SMA. Main direction remains bullish, but you should have in mind that tomorrow news are scheduled for tomorrow:

- European Central Bank Rate Decision 12:45GMT
- ECB Deposit Facility Rate 12:45GMT
- ECB Marginal Lending Facility 12:45GMT
- ECB Press Conference 13:30GMT
csc2009
Mar 09 2016 at 12:44
834 posts
The pair is showing limited movement ahead of the ECB, I guess we are expecting volatility on Thursday.
victoriajensen
Mar 09 2016 at 14:13
1117 posts
csc2009 posted:
The pair is showing limited movement ahead of the ECB, I guess we are expecting volatility on Thursday.

It's currently testing the support at 1.0950 and it will probably bounce off that level, but I doubt there will be much movement before the fundamentals tomorrow.
Abdul2012
Mar 09 2016 at 19:08
413 posts
The hourly resistance at the 1.1044 stopped the EUR/USD rally and the pair falling to the opening price, Let us see if the pair will hold over the 1.1000 support level.
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