EUR/USD
Member Since Oct 02, 2014
909 posts
Jan 28, 2017 at 13:12
The Euro went a bit down on Friday, i hope this is confirmation of the downtrend.
Positivity
Member Since Oct 27, 2014
53 posts
Jan 30, 2017 at 06:54
(edited Jan 30, 2017 at 07:11)
is this somthing possible ?
Attachments:
Member Since Apr 08, 2014
1141 posts
Jan 30, 2017 at 09:20
On the last Friday’s session the EURUSD tried to rally but found enough resistance at 1.0703 to bounce back down and closed in the middle of the daily range, in addition the currency pair managed to close within Thursday’s range, which suggests a being clearly neutral, neither side is showing control.
The currency pair is trading above the 50-day moving average should act as a dynamic support but succeed in closing below and remains trading below the 10 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819, the 10-day moving average at 1.0703 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0577 (support) and a daily support at 1.0462.
The currency pair is trading above the 50-day moving average should act as a dynamic support but succeed in closing below and remains trading below the 10 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819, the 10-day moving average at 1.0703 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0577 (support) and a daily support at 1.0462.
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Jan 30, 2017 at 14:03
EUR/USD dropped considerably today, which is unsurprising considering the doji candlestick on the weekly time-frame below the resistance at 1.0780. If the pair breaks below 1.0620 next target will likely be at 1.0580.
Jan 30, 2017 at 20:04
The EUR/USD pair started the week with a bullish gap. The US dollar declined due to the surprising Trump’s immigration ban, though later retreated from 1.0742 to bottom at 1.0619. In the short term the pair is poised to further decline.
Jan 31, 2017 at 03:22
@csc2009 I've watched this thread and you keep on mentioning Goldman Sachs. Is this your basis for watching the market? I've searched him and according from Goldman Sachs Site (https://fm-fx.net/blog/goldman-sachs/) is one of the vital cogs of financial industry.
May I ask, is this helped you in your trading? If yes, I think I really have to monitor it.
May I ask, is this helped you in your trading? If yes, I think I really have to monitor it.
Member Since Oct 27, 2014
53 posts
Jan 31, 2017 at 06:25
i whait fore this
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Jan 31, 2017 at 06:39
The EUR/USD pair jumped this morning to 1.0713 and currenty is trading at 1.0700 level. First resistance is placed at 1.0740 and next at 1.0775. Strong support is seen at 1.6580 and in case if breaking it, the pair is poised to decline further towards 1.0600 area.
Jan 31, 2017 at 08:06
The dollar fell because of an immigration policy of Trump. The euro rose by 0.07 percent to $1.0699. The single European currency on Monday withdrew from a minimum of 11 days to $1.0620 on the background of data, reporting the inflation rate in Germany was up to a maximum of three and a half years, getting closer to targeted by the ECB's 2 percent.
Member Since Apr 08, 2014
1141 posts
Jan 31, 2017 at 09:04
On yesterday session, the EURUSD initially fell with a wide range but found enough support at 1.0622 to turn back around and managed to close near the high of the day, however currency pair close within previous Friday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 50-day moving average should act as a dynamic support but succeed in closing below and remains trading below the 10 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819, the 10-day moving average at 1.0710 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0580 (support) and a daily support at 1.0462.
The currency pair is trading above the 50-day moving average should act as a dynamic support but succeed in closing below and remains trading below the 10 and 200-day moving averages that should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0819, the 10-day moving average at 1.0710 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0580 (support) and a daily support at 1.0462.
"I trade to make money not to be right."
Jan 31, 2017 at 12:01
The euro recorded an extremely volatile session against the dollar on Monday. Ultimately the trade finished in favor of the US currency, but the single currency managed to offset most of the losses incurred in the first half of the day. The start was given at a price of 1.0717 as bearish sentiment dominated from the start. So the support at 1.0639 was breached as the pair hit bottom at the 1.0619. Finish line was crossed 74 pips higher.
Jan 31, 2017 at 12:53
EUR/USD was indecisive yesterday. The pair attempted to push lower, and slid below the lower limit of the bullish price channel, but then rose again and went into the canal. Until we see a convincing break and daily close below the bullish channel, the phase of bulls remains valid. The outlook is neutral, possibly with light signals up to test 1.0800. Support for the day is 1.0690. A clear break below could lead to further bearish pressure testing 1.0650.
Member Since Jul 10, 2014
1117 posts
Jan 31, 2017 at 13:22
The fundamentals are pushing EUR/USD to the upside and the pair will soon test the last high at 1.0774. A breakout above that level will likely lead to a further move to the upside towards 1.0800 - 1.0810.
Jan 31, 2017 at 23:55
victoriajensen posted:
The fundamentals are pushing EUR/USD to the upside and the pair will soon test the last high at 1.0774. A breakout above that level will likely lead to a further move to the upside towards 1.0800 - 1.0810. [/quote
True, risks still remains towards upside, strong resistance levels are 1.0820 and 1.0840.
