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EUR/USD
Member Since Jul 10, 2014
1117 posts
Mar 16, 2016 at 15:43
Member Since Jul 10, 2014
1117 posts
EUR/USD will probably reach 1.1020, but we still have to wait and see what effect Fed will have on the market later today.
Member Since Oct 11, 2013
775 posts
Mar 17, 2016 at 08:11
Member Since May 01, 2015
675 posts
The single currency recorded a significant growth against the dollar yesterday after the Federal Reserve left interest rates unchanged. Extreme values were reached at 1.1241 and 1.1057. The main technical outlook remains neutral, but as long as stays above 1.1065, the price is still in the upward phase.
Member Since Apr 08, 2014
1141 posts
Mar 17, 2016 at 08:48
Member Since Apr 08, 2014
1141 posts
Yesterday EURUSD rose with a wide range and closed near the high of the day, in addition managed to close above the previous day high also engulfing the previous four days suggesting a strong bullish momentum.
The pair continues to trade above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
According to Janet Yellen the economic activity has been expanding at a moderate pace however lowered the GDP growth plus inflation estimates for this year and 2017.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1121 (support) and a daily support at 1.1097.
The pair continues to trade above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
According to Janet Yellen the economic activity has been expanding at a moderate pace however lowered the GDP growth plus inflation estimates for this year and 2017.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1121 (support) and a daily support at 1.1097.
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Mar 17, 2016 at 16:29
Member Since Jul 10, 2014
1117 posts
The fundamentals pushed the pair above the resistance at 1.1200, but EUR/USD is yet to break above the previous high at 1.1380. Should that happen I think we can expect a further climb towards the next resistance at 1.1500, perhaps even 1.1550.
Member Since Oct 11, 2013
775 posts
Mar 18, 2016 at 07:29
Member Since May 01, 2015
675 posts
The single currency continued to add value against the dollar during yesterday's session, gaining almost 100 pips to 1.1314. Trading took place within the extreme values 1.1205 and 1.1342, and thus the euro scored a one month peak. Currently, the bulls remain in a leading position as an immediate target appears to be 1.1380.
Member Since Apr 08, 2014
1141 posts
Mar 18, 2016 at 08:33
Member Since Apr 08, 2014
1141 posts
Yesterday EURUSD rose again but this time with a narrow range and closed near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.
The pair continues to trade above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
Today we may see some sell as traders close some positions due to profit taking and not hold full positions over the weekend.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1152 (support) and a daily support at 1.1097.
The pair continues to trade above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
Today we may see some sell as traders close some positions due to profit taking and not hold full positions over the weekend.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the year high at 1.1376 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1152 (support) and a daily support at 1.1097.
"I trade to make money not to be right."
Member Since Oct 02, 2014
909 posts
Mar 18, 2016 at 11:41
Member Since Nov 16, 2015
708 posts
ECB signaled that they reached the peak at negative interest rates after a year and a half of implementation without significant result. This does not mean that these incentives will not stay long in power. Probably zero interest rates will persist, which will benefit industrial companies and major European exporters. Commercial banks will suffer from interest rate policy, with continuing heavy restructuring. There is no reason to expect a significant change in the exchange rate of the euro against the dollar over the next six months, a modest increase in US interest rates will not be enough to boost the dollar.
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