EUR/USD
Jul 19, 2016 at 05:05
The single currency started the week with a moderate growth of 28 pips to 1.1074. The daily movement marked a one-week low at the level of 1.1037, then the price has recovered to 1.1083. EUR/USD continues to trade within a familiar zone once a day as a breakthrough of levels at 1.1185 or 1.1020 will indicate the prevailing sentiment.
Member Since Apr 08, 2014
1141 posts
Jul 19, 2016 at 07:11
Yesterday EURUSD rose with a narrow range and closed near the high of the day, in addition managed to closed within the previous day range, creating an inside day pattern plus suggests being slightly on the bullish side of neutral.
The pair managed to close above the 10-day moving average that should now act as dynamic support and continues to trade below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1180 (resistance), the 200-day moving average at 1.1113 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1065 (support) and daily support 1.0900.
The pair managed to close above the 10-day moving average that should now act as dynamic support and continues to trade below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1180 (resistance), the 200-day moving average at 1.1113 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1065 (support) and daily support 1.0900.
"I trade to make money not to be right."
Member Since Oct 02, 2014
909 posts
Jul 19, 2016 at 10:27
Waiting to see the news conference.
Positivity
Member Since Jul 10, 2014
1117 posts
Jul 19, 2016 at 10:37
EUR/USD is still stuck in a tight range and it's unlikely it will end in the next few days. Next target is probably 1.1000 again.
Member Since Oct 11, 2013
775 posts
Jul 19, 2016 at 23:35
The EURUSD stays in a range between the 1.1000 and the 1.1100, but the real range goes all the way to the 1.1200 level. Volatility on the pair without direction.
Member Since Apr 08, 2014
1141 posts
Jul 20, 2016 at 07:18
Yesterday EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below the previous day low, thus suggesting a strong bearish momentum.
The pair managed to close below the 10-day moving average that should now act as dynamic resistance and continues to trade below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1176 (resistance), the 200-day moving average at 1.1115 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1060 (support) and daily support 1.0900.
The pair managed to close below the 10-day moving average that should now act as dynamic resistance and continues to trade below the 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1176 (resistance), the 200-day moving average at 1.1115 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1060 (support) and daily support 1.0900.
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Jul 20, 2016 at 10:36
The pair broke below the support at 1.1000 and reached 1.0980 but then retraced to the upside again. Let's see how the ECB press-conference will affect it tomorrow.
Member Since Oct 11, 2013
775 posts
Jul 20, 2016 at 20:54
The EURUSD is in standby mode for now with no clear direction until tomorrow's fundamentals out of Europe.
Jul 21, 2016 at 04:55
The pair remained without any significant changes during yesterday's session, continuing to consolidate around the psychological level at 1.1000. The euro traded within 1.1029 and 1.0981 over a three-week bottom, and ultimately lost 7 pips to 1.1012. The prevailing sentiment continues to be negative, but given the impossibility of breaking the ongoing movement range, a recovery to average values is possible.
Member Since Apr 08, 2014
1141 posts
Jul 21, 2016 at 06:46
Yesterday EURUSD initially fell but found enough buying pressure to trim most of its losses but still closed in the red, but near the high of the day, in addition managed to close within the previous day range, which suggests being slightly on the bullish side of neutral.
The pair continues to trade below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1172 (resistance), the 200-day moving average at 1.1117 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1056 (resistance) and daily support 1.0900.
The pair continues to trade below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1172 (resistance), the 200-day moving average at 1.1117 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1056 (resistance) and daily support 1.0900.
"I trade to make money not to be right."
Jul 21, 2016 at 06:47
Not much is happening in the EUR/USD in today's session although we saw a mild recovery towards the range at 1.1040. The pair reached a low of 1.1003 earlier today and made a high of 1.1047. Bearish trend on the long-term remains steady.
Member Since Jul 10, 2014
1117 posts
Jul 21, 2016 at 12:13
(edited Jul 21, 2016 at 12:18)
There is a spinning top candlestick on the daily time-frame above the support at 1.0980 so we might see a new move to the upside. That said, the ECB press-conference should begin soon as well, let's hope it will provoke more than whipsaws on the market.
Jul 22, 2016 at 04:49
EUR/USD was trading close to unchanged yesterday, within relatively narrow range. The pair marked a slight increase of 10 pips to a closing price of 1.1023 and the intraday extremes respectively at 1.1057 and 1.0979. The respetive bottom for second consecutive day acted as a support, although during the day Mario Draghi hinted for possible further monetary stimulus later this year.
Member Since Apr 08, 2014
1141 posts
Jul 22, 2016 at 06:37
Yesterday the EURUSD went back and forward without any clear direction but managed to close in the green, in the middle of the daily range, in addition closed within the previous day range, which suggests being clearly neutral, neither side is showing control.
The pair continues to trade below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1170 (resistance), the 200-day moving average at 1.1120 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1054 (resistance) and daily support 1.0900.
The pair continues to trade below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1170 (resistance), the 200-day moving average at 1.1120 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1054 (resistance) and daily support 1.0900.
"I trade to make money not to be right."
Member Since Oct 11, 2013
775 posts
Jul 22, 2016 at 22:50
The EURUSD has finally broken out of consolidation, lets see if the bearish momentum continues next week and if the pair reaches the 1.0900 level or goes back up.
