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csc2009
Mar 16 2016 at 13:28
834 posts
Eur/Usd extended its negative trend towards next support level around 1.1065/40 zone ahead of the Fed, although building permits worse than expected result.
victoriajensen
Mar 16 2016 at 15:43
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.
csc2009
Mar 16 2016 at 23:19
834 posts
Eur/Usd broke 1.1200 handle after the Fed keeps rates unchanged, if the pair break above next resistance level around 1.1250, we might be looking at 1.13 level.
alexforex007
Mar 17 2016 at 04:00
775 posts
if the EURUSD stays above the 1.1200 level, then that level may become support. For now the 1.1300 could be resistance, below the 1.1200, the 1.1100 could also act as support.
robot1127
Mar 17 2016 at 07:30
3 posts
Сегодня жду роста пары EUR/USD до уровня 1.12600. Затем скорее всего пойдёт к уровню 1.1300, во всяком случае моя цель уже находится именно там. Так же можно ожидать коррекции между 1.12500 и 1.1200. Подождём - увидим.
FXWES
Mar 17 2016 at 08:11
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.
Hugo ONeill (honeill)
Mar 17 2016 at 08:48
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.
"I trade to make money not to be right."
stian
Mar 17 2016 at 08:50
325 posts
I suspect the trade balance and CPI later today will put a break on the upside momentum.
stian
Mar 17 2016 at 10:01
325 posts
Strong CPI and trade balance. Will continue to rally.
rosentray
Mar 17 2016 at 14:37
277 posts
The EUR/USD rose to a new highs amid dovish tone by the FED. The pair is currently trading at 1.1330 with a high of 1.1342. First strong resistance is seen at 1.1410, while first strong support is seen at 1.1150.
victoriajensen
Mar 17 2016 at 16:29
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.
alexforex007
Mar 17 2016 at 21:53
775 posts
Well, lets see if the fundamentals do keep the EURUSD above the 1.1300 level or if it retraces to the downside. The 1.12 or 1.11 levels could be support. Next resistance could be the 1.1400 level.
FXWES
Mar 18 2016 at 07:29
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.
Hugo ONeill (honeill)
Mar 18 2016 at 08:33
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.
"I trade to make money not to be right."
Ari Goldman (arigoldman)
Mar 18 2016 at 08:51
909 posts
Waiting to go short at 1.1410
deresel
Mar 18 2016 at 09:36
708 posts
Interesting levels to watch for:
Support: 1.1240; 1.1070; 1.0790;
Resistance: 1.1380; 1.1485.
deresel
Mar 18 2016 at 09:53
708 posts
Danske bank: EUR / USD below 1.10? Possible, but not likely.
deresel
Mar 18 2016 at 11:41
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.
victoriajensen
Mar 18 2016 at 17:54
1117 posts
If EUR/USD breaks below 1.1270 it will likely retrace back to 1.1200 next week, but after that there will probably be a new move the to the upside.
rosentray
Mar 18 2016 at 22:11
277 posts
The EUR/USD is trading close to yesterday's levels around 1.13, currently at 1.1272. Main trend remains bearish with first resistance at 1.1410, which is where bulls are trying to go. On the other hand, first support level is 1.1140.
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