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EUR/USD
Member Since Nov 06, 2014
28 posts
Member Since Oct 11, 2013
775 posts
Member Since Apr 08, 2014
1141 posts
May 02, 2016 at 07:49
Member Since Apr 08, 2014
1141 posts
On the last Friday’s session the EURUSD rallied with a wide range and close near the high of the day, in addition closed above the previous day high, suggesting a strong bullish momentum.
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the previous swing high at 1.1398 (support), the 10-day moving average at 1.1307 (support) and the 50-day moving average at 1.1249 (Support).
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the previous swing high at 1.1398 (support), the 10-day moving average at 1.1307 (support) and the 50-day moving average at 1.1249 (Support).
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
May 02, 2016 at 15:50
Member Since Jul 10, 2014
1117 posts
EUR/USD reached 1.1530 today, which coincides with (MA)89 on the weekly time frame. That is a pretty strong level of resistance and the pair will likely bounce off of it and retrace back to 1.1450.
Member Since Dec 17, 2015
10 posts
Member Since Apr 08, 2014
1141 posts
May 03, 2016 at 07:38
Member Since Apr 08, 2014
1141 posts
Yesterday EURUSD rallied with a wide range and close near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1753, other daily resistance at 1.1556, daily support at 1.1459, the previous swing high at 1.1398 (support) and the 10-day moving average at 1.1340 (support).
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1753, other daily resistance at 1.1556, daily support at 1.1459, the previous swing high at 1.1398 (support) and the 10-day moving average at 1.1340 (support).
"I trade to make money not to be right."
Member Since Nov 06, 2014
28 posts
May 03, 2016 at 16:07
Member Since Nov 16, 2015
708 posts
Member Since Jul 10, 2014
1117 posts
May 03, 2016 at 16:23
Member Since Jul 10, 2014
1117 posts
EUR/USD bounced off 1.1615 and is back to testing 1.1500, which is now a support level. A breakout below that level could lead to a further drop to 1.1460 - 1.1450.
Member Since Oct 11, 2013
775 posts
May 04, 2016 at 05:03
Member Since May 01, 2015
675 posts
The single currency recorded a decline against the dollar on Tuesday. After a volatile session, the euro lost 37 pips to a closing price of 1.1495. If the direction continue downwards, we can expect an attempt to test first support at 1.1450. On the upside, pair will target to resistance at 1.1630.
Member Since Apr 08, 2014
1141 posts
May 04, 2016 at 08:01
Member Since Apr 08, 2014
1141 posts
Yesterday EURUSD initially rose but found enough selling pressure to turn around and close in the red near the low of the day, however closed within the previous day range, that suggests being slightly on the bearish side of neutral.
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1753, other daily resistance at 1.1556, daily support at 1.1459, the previous swing high at 1.1398 (support) and the 10-day moving average at 1.1361 (support).
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1753, other daily resistance at 1.1556, daily support at 1.1459, the previous swing high at 1.1398 (support) and the 10-day moving average at 1.1361 (support).
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
May 04, 2016 at 16:46
Member Since Jul 10, 2014
1117 posts
EUR/USD has formed an almost textbook example of a shooting star candlestick below the resistance at 1.1615, it will likely start falling soon and its first target will be around 1.1400 - 1.1350.
May 04, 2016 at 18:15
Member Since Nov 16, 2015
708 posts
Euro/dollar attempted to push higher yesterday, topped at 1.1616 but tumbled down then and closed lower at 1.1499. The bias is bearish for test of 1.1400. Immediate resistance is at 1.1550, whose breach could lead price to neutral zone with re-testing 1.1616. The price is still in bullish phase but potentially 1.1700 remains strong resistance and failure to break above the upper line of the bullish channel and 1.1700 could lead to downward pressure with targets near the lower limit of the channel.
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