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csc2009
Jun 30 2016 at 23:25
834 posts
The pair seems back to resume its bearish trend after BOE's Governor Mark Carney speech, Eur/Usd found immediate support level at 1.1020 and follow by 1.0910.
FXWES
Jul 01 2016 at 05:30
675 posts
The euro marked a moderate decline against the US dollar to 1.1106, broke the three-day winning run and closed second consecutive negative month. EUR/USD was trading in a relatively wide range, the intraday high was reached at 1.1153 and the low at 1.1023. Technically the sentiment is bearish, but a breakthrough of 1.1185 might change it.
Hugo ONeill (honeill)
Jul 01 2016 at 06:39
1141 posts
Yesterday EURUSD initially rallied but found enough selling pressure to give back to the market all its gains but closed near the high of the day although in the red, in addition managed to close within the previous day range, which suggests being slightly on the bullish side of neutral.

The pair managed to close above the 200-day moving average that mow should act as a dynamic support but continues trading below the 10 and 50-day moving averages that are acting as dynamic resistances.

The key levels to watch are: A daily resistance at 1.1237, the 10-day moving average at 1.1179 (resistance), a daily support at 1.1097, the 200-day moving average at 1.1084 (support) and Fridays low at 1.0912 (support).
"I trade to make money not to be right."
deresel
Jul 01 2016 at 08:14
708 posts
Key levels to watch for today:
Support: 1.1030; 1.0910; 1.0790;
Resistance: 1.1185; 1.1335; 1.1465.
deresel
Jul 01 2016 at 08:47
708 posts
On Friday, the dollar strengthened its position against euro, as the continued uncertainty after the British referendum and disappointing data on manufacturing activity in China raised demand for 'safe haven' assets.
The EUR/USD fell by 0.29% to 1.1073.
victoriajensen
Jul 01 2016 at 09:46
1117 posts
With no major fundamentals coming out today consolidation will likely continue. However, there is also a hanging man candlestick that formed yesterday on the daily time-frame, so next week we might see another move to the downside.
PERPETUUMMOBILE (PERPETUUMMOBILE)
Jul 01 2016 at 11:19
137 posts
EUR/USD weekly-chart update

as I have mentioned in my previous posting, the weekly chart is in congestion, with the current bar being nr. 14

According to the congestion rules, bars 11 through 20 have great potential to either open or close within the confines of the measuring bar (MB).

The current bar (14) opened outside of the confines of the MB, and therefore has good potential to close inside the low/high of the MB.
Yesterday's bar on the daily chart has already touched the low of the MB on the weekly chart
The low of the MB on the weekly chart is 1.1153
meaning, in order to keep the price congestion on the weekly in tact, today's bar must close at or above 1.1153, since it is the last day of this week.
IF not, the congestion on the weekly chart is void.

Congestion bars 12 through 16 have a 90% chance to trade back into the congestion, if they open outside.

Due to the extraordinary Brexit event, this may not be the case this time, but nonetheless - a rule is a rule - and has to be strictly followed, regardless of economic events.

Congestion rules, as all other rules when trading price bar formations, are valid for all time frames
"a little bit of knowledge is a dangerous thing"
idimitrov
Jul 01 2016 at 19:36
421 posts
The euro is down against the US Dollar on Friday. EUR/USD is trading at 1.1102, shedding 0.17%. I believe that the support is now located at the level of 1.0968, Monday's low, and resistance is likely at the level of 1.1155 - maximum of Thursday.
Tradefx Signals Representative
TRADEFX2016
Jul 02 2016 at 08:18
768 posts
Euro will be in severe downtrend. dont try to buy it yet.
paidsignals
Jul 03 2016 at 06:23
93 posts
Presumably, downward correction of the senior level as the wave ii of 3 has completed in the 4-hour timeframe. At the moment, it is likely that the third wave iii of 3 is being formed, within which one-two wave of the junior level (i) is being developed. If this assumption is correct, the pair can continue to rise up to 1.1230 – 1.1424 or higher up.
idimitrov
Jul 03 2016 at 10:03
421 posts
The euro rose against the dollar on Friday. By the close of trading EUR/USD was trading at 1.1138, gaining 0.30%.
deresel
Jul 03 2016 at 12:08
708 posts
Key levels to watch for Monday:
Support: 1,0968;
Resistance: 1,1169.
Ari Goldman (arigoldman)
Jul 03 2016 at 16:04
909 posts
Bullish on this pair.
PERPETUUMMOBILE (PERPETUUMMOBILE)
Jul 03 2016 at 18:05
137 posts
EUR/USD weekly chart update

On Friday, several attempts were made to trade back into the congestion, but last weeks bar closed outside of the low of the MB, meaning that the congestion is void.
Prices on the weekly are now in consolidation with 5 bars, the new bar tonight will be bar nr. 6, which is the most difficult to trade and should be avoided.
Sometimes a situation like this causes a GAP to the downside when markets open tonight.

"a little bit of knowledge is a dangerous thing"
csc2009
Jul 03 2016 at 22:26
834 posts
The uncertainty in Economics and political backdrop as result from Brexit is still likely to the one and only market trigger in the coming week. Eur/Usd seems stuck around 1.11 level and psychological resistance level is still at 1.1200.
FXWES
Jul 04 2016 at 05:11
675 posts
The euro recorded a slight increase against the dollar on Friday. The session started at 1.1106, the price rebounded from the first support at 1.1100 and closed at 1.1134. If the price continues to rise the pair will head to the resistance located at 1.1286.
Hugo ONeill (honeill)
Jul 04 2016 at 07:51
1141 posts
On the last Friday’s session the EURUSD went back and forward with a narrow range but closed in the green although in the middle of the daily range and managed to close within the previous Thursday’s range, which suggests being clearly neutral, neither side is showing control.

The pair continues to close above the 200-day moving average that is acting as a dynamic support but continues trading below the 10 and 50-day moving averages that are acting as dynamic resistances.

The key levels to watch are: A daily resistance at 1.1237, the 10-day moving average at 1.1162 (resistance), a daily support at 1.1097, the 200-day moving average at 1.1086 (support) and Fridays low at 1.0912 (support).
"I trade to make money not to be right."
victoriajensen
Jul 04 2016 at 09:36
1117 posts
EUR/USD is still forming a flag after the big drop caused by Brexit. Next target is likely 1.1180, but let's not forget that the NFP will be announced at the end of the week so we can probably expect more volatility to come.
rosentray
Jul 04 2016 at 13:51
277 posts
EUR/USD is trading close to unchanged in today's session. No news and market movers creat a calm environment where consolidation is present. Until we get fresh news, price would probably gravitate towards 1.1140.
rob559
Jul 04 2016 at 14:03
1916 posts
good scalping day
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