EUR/USD
Apr 20, 2016 at 08:37
Euro/dollar made upwards momentum yesterday, closing back above 1.1335. The outlook is bullish in nearest term for testing 1.1500, but not yet in the bullish pattern. Overall technical outlook remains neutral and we have a potentially strong resistance between 1.1500 - 1.1700. Immediate support is around 1.1335 - 1.1300. A clear break back below that area could lead price to neutral region for testing 1.1230/00.
Apr 20, 2016 at 08:56
BofA Merrill do not believe that regulators will be able to ensure sustainable reduction in foreign exchange rates. According to experts, EUR/USD will continue to move in range.
For a decline of EUR/USD will be needed positive data on the US economy, particularly inflation. Benefits would be and stabilization in global stock markets, in which case investors may revise their expectations about the future course of action of the Federal Reserve.
For a decline of EUR/USD will be needed positive data on the US economy, particularly inflation. Benefits would be and stabilization in global stock markets, in which case investors may revise their expectations about the future course of action of the Federal Reserve.
Apr 20, 2016 at 12:21
EUR/USD is trading relatively unchanged from yesterday's level due to low volume and lack of fresh news. Current movement indicated that the Euro bulls are ready to take it to first base at 1.15. Whether or not this is gonna happen depens on who will dominate over the pair which suggests that we might get into consolidation if there are no fundamentals to stir the market.
Member Since Oct 02, 2014
909 posts
Apr 20, 2016 at 13:53
Looking to sell around 1.15.
Positivity
Member Since Jul 10, 2014
1117 posts
Apr 20, 2016 at 15:52
EUR/USD formed a doji candlestick on the four-hour time frame and unsurprisingly moved to the downside again. It's currently testing the support at 1.1320 again, if it breaks below that level we can likely expect a further move to the downside towards 1.1260.
Member Since Apr 08, 2014
1141 posts
Apr 21, 2016 at 07:37
Yesterday EURUSD fell with a wide range, creating an outside day and closed near the low of the day, in addition managed to close below previous day low, suggesting a strong bearish momentum plus creating a bearish engulfing pattern.
The pair also managed to close below the 10-day moving average that should now act as a dynamic resistance but is above the 50 and the 200-day moving averages.
The key levels to watch are: A daily resistance at 1.1459, the 10-day moving average at 1.1317 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 50-day moving average at 1.1197 (Support) and a previous swing low at 1.1144 (support).
The pair also managed to close below the 10-day moving average that should now act as a dynamic resistance but is above the 50 and the 200-day moving averages.
The key levels to watch are: A daily resistance at 1.1459, the 10-day moving average at 1.1317 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 50-day moving average at 1.1197 (Support) and a previous swing low at 1.1144 (support).
"I trade to make money not to be right."
Apr 21, 2016 at 08:20
The single currency recorded a decrease against the dollar on Wednesday. The euro broke the three-day upwards movement and lost positions. So the couple walked away from resistance at 1.1407, and if bearish sentiment become more intense, currencies could test of the support at 1.1232. The session on Wednesday started at a price of 1.1356 and the trend was neutral. More significant decrease of euro was observed in the afternoon and the bottom of the day was hit at 1.1290.
Member Since Jul 10, 2014
1117 posts
Apr 21, 2016 at 15:19
Unsurprisingly today's fundamentals provoked one big whipsaw, EUR/USD is back where it started at 1.1290 and testing the support at 1.1270. If it breaks below it the pair would likely reach 1.1200, but consolidation continues.
Member Since Apr 08, 2014
1141 posts
Apr 21, 2016 at 20:07
Yesterday EURUSD tried to rally but found enough selling pressure at the previous day high to reverse and closed near the low of the day, in addition managed to close below previous day low, suggesting a strong bearish momentum plus creating a massive outside day.
The pair is trading below the 10-day moving average that is acting as a dynamic resistance but is above the 50 and the 200-day moving averages.
The key levels to watch are: A daily resistance at 1.1459, the 10-day moving average at 1.1316 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 50-day moving average at 1.1197 (Support) and a previous swing low at 1.1144 (support).
The pair is trading below the 10-day moving average that is acting as a dynamic resistance but is above the 50 and the 200-day moving averages.
The key levels to watch are: A daily resistance at 1.1459, the 10-day moving average at 1.1316 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 50-day moving average at 1.1197 (Support) and a previous swing low at 1.1144 (support).
"I trade to make money not to be right."
Apr 22, 2016 at 09:08
The EUR/USD is trading slightly lower from yesterday's close. So far the pair reached a low at 1.1265 and is currently around 1.1271. Main short-term trend remains bullish with current price at support and short-term bull target 1.14.
Member Since Jul 10, 2014
1117 posts
Apr 22, 2016 at 16:02
EUR/USD is currently testing the support at 1.1240 and it will likely break below it and reach 1.1200 soon. Next week we'll probably see it move below 1.1200.
Member Since Jul 10, 2014
1117 posts
Apr 25, 2016 at 16:20
(edited Apr 25, 2016 at 16:30)
EUR/USD reached 1.1280 after it bounced off the support at 1.1215, if it breaks above it we will likely see it reach 1.1300 - 1.1350 again. That said, I don't think the current move to the downside is over yet.
Member Since Apr 08, 2014
1141 posts
Apr 25, 2016 at 16:48
On the last Friday’s session the EURUSD fell with a narrow range and close near the low of the day, in addition closed below the previous day low, suggesting a strong bearish momentum.
The pair is trading below the 10-day moving average that is acting as a dynamic resistance but is above the 50 and the 200-day moving averages.
The key levels to watch are: A daily resistance at 1.1459, the 10-day moving average at 1.1281 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 50-day moving average at 1.1201 (Support) and a previous swing low at 1.1144 (support).
The pair is trading below the 10-day moving average that is acting as a dynamic resistance but is above the 50 and the 200-day moving averages.
The key levels to watch are: A daily resistance at 1.1459, the 10-day moving average at 1.1281 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 50-day moving average at 1.1201 (Support) and a previous swing low at 1.1144 (support).
"I trade to make money not to be right."
Apr 25, 2016 at 18:36
German Ifo surveys today frustrated the markets, but nonetheless the Euro stayed elevated. Immediate support downwards is seen at 1.1237 /38% Fibonacci retracement level/ with staying exposed for breaking 1.1215 /24% Fibonacci etracement level/.
Apr 25, 2016 at 23:08
victoriajensen posted:
EUR/USD reached 1.1280 after it bounced off the support at 1.1215, if it breaks above it we will likely see it reach 1.1300 - 1.1350 again. That said, I don't think the current move to the downside is over yet.
I agree with you, the pair may advance further up to above 1.1300 zone, but downside seems limited.
Member Since Apr 08, 2014
1141 posts
Apr 26, 2016 at 08:02
Yesterday EURUSD rose with a narrow range and closed near the high of the day, however closed within previous day range, thus creating an inside day, suggesting a weak bullish momentum.
The pair is trading below the 10-day moving average that is acting as a dynamic resistance but is above the 50 and the 200-day moving averages.
The key levels to watch are: A daily resistance at 1.1459, the 10-day moving average at 1.1280 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 50-day moving average at 1.1219 (Support) and a previous swing low at 1.1144 (support).
The pair is trading below the 10-day moving average that is acting as a dynamic resistance but is above the 50 and the 200-day moving averages.
The key levels to watch are: A daily resistance at 1.1459, the 10-day moving average at 1.1280 (resistance), the previous swing high at 1.1342 (resistance), a daily support at 1.1237, the 50-day moving average at 1.1219 (Support) and a previous swing low at 1.1144 (support).
"I trade to make money not to be right."
