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Jean-Pierre P. Aznavour II (eNyComics)
Feb 01 2017 at 07:54
36 posts
The EURUSD is going down, it's bearish
"If you are makeing less than 500% a month you aren't doing it right!"
rosentray
Feb 01 2017 at 07:56
277 posts
EUR/USD is trading relatively unchanged from yesterday's levels around 1.08. The pair might consolidate for the next few hours in expectation of the next market news that can hint a direction.
Jean-Pierre P. Aznavour II (eNyComics)
Feb 01 2017 at 08:00
36 posts
We are in the money
"If you are makeing less than 500% a month you aren't doing it right!"
Hugo ONeill (honeill)
Feb 01 2017 at 09:23
1141 posts
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition the currency pair managed to close above the previous day high, which suggests a strong bullish momentum.

The currency pair is trading above the 50-day moving average and succeed in closing above the 10 day moving average that also should act as a dynamic support but remains trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0819, the 10-day moving average at 1.0724 (support), a daily support at 1.0622, the 50-day moving average at 1.0583 (support) and a daily support at 1.0462.
"I trade to make money not to be right."
Baldo (BaldoN)
Feb 01 2017 at 11:05
522 posts
EUR/USD - just consolidate above 1.0775 support. Most likely the way should be in favor of the EUR and over 1.08, but let's first leave the choppy.
victoriajensen
Feb 01 2017 at 14:41
1117 posts
After moving to the upside yesterday the pair found some resistance at 1.0810, formed a double top at that level, as well as a hanging man candlestick on the one-hour time-frame, and started dropping. The closest target is likely at 1.0740, which is the (MA)89 indicator on the same time-frame.
alexforex007
Feb 02 2017 at 02:10
775 posts
The EURUSD keeps its bullish channel, but now it needs to break above the 1.0800 level in order for the trend to continue, otherwise, it may try to pullback to the 1.0700 level.
Hugo ONeill (honeill)
Feb 02 2017 at 09:44
1141 posts
On yesterday session, the EURUSD initially fell with a narrow range but found enough buying pressure to trim some of its losses and closed in the middle of the daily range, in addition the currency pair managed to close within the previous day range, which suggests being clearly neutral, neither side is showing control.

The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0819, the 10-day moving average at 1.0730 (support), a daily support at 1.0622, the 50-day moving average at 1.0585 (support) and a daily support at 1.0462.
"I trade to make money not to be right."
FXWES
Feb 02 2017 at 10:55
675 posts
EUR/USD is trading elevated today, crossing to above the 1.08 handle and the current market price is 1.0812. Technical readings confirm the bullish trend, but the pair is facing strong resistance at 1.0840 area. If conquering it, door would be open for testing 1.09 zone.
victoriajensen
Feb 02 2017 at 14:38
1117 posts
EUR/USD bounced off 1.0730 and started moving to the upside, eventually forming a new high at 1.0828. Next target is likely 1.0900 indeed.
MC85
Feb 02 2017 at 15:02
48 posts
Since the beginning of the year we see a steady bullish trend in the EURUSD pair, confirmed by Momentum, MACD and RSI all moving in unison with the chart on h4 timeframe. If it continues with this pace, we may see it reaching levels around 1.0860 by the end of this trading week.
ken (kentic07)
Feb 02 2017 at 15:06
1 posts
it wont go that far..will have a resistance around 1.0840
rosentray
Feb 02 2017 at 16:12
277 posts
EUR/USD is trading relatively unchanged in today's session after a good few days of gains that caused the pair to go above 1.08. The pair is now 1.0807 and is expected to consolidate ahead of tomorrow's reports on NFPs and Jobs data.
FXWES
Feb 03 2017 at 07:45
675 posts
After marking a four-week high at 1.0825, the EUR/USD is now seen in ascending channel. The focus is now on the upcoming data and US Payrolls, which has set the pair under pressure. A break below the 1.0730 would trigger further downslide towards 1.0690. To resume to the upside is needed break above the resistance at 1.0790.
rosentray
Feb 03 2017 at 09:30
277 posts
EUR/USD is trading in consolidation around 1.0750 as market participants await the latest NFP and Jobs report. The move may create high volatility and unexpected price changes so if you have decided to trade the news have tight stops and small positions.
Hugo ONeill (honeill)
Feb 03 2017 at 09:42
1141 posts
On yesterday session, the EURUSD initially rose with a wide range but found enough resistance at 1.0819 to give back all its gains to the market and closed near the low of the day, although the currency pair managed to close within the previous day range, which suggests being on the bearish side of neutral.

The currency pair is trading above the 10 and 50-day moving averages that should act as dynamic supports but remains trading below the 200-day moving average that should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0737 (support), a daily support at 1.0622, the 50-day moving average at 1.0590 (support) and a daily support at 1.0462.
"I trade to make money not to be right."
stian
Feb 03 2017 at 12:04
325 posts
Strong ADP report with 80k above consensus, along with other good labor indicators. Expect strong NFP today. :)
Baldo (BaldoN)
Feb 03 2017 at 12:52
522 posts
stian posted:
Strong ADP report with 80k above consensus, along with other good labor indicators. Expect strong NFP today. :)

Yep, that is correct, strong ADP then should be strong NFP and strong dollar, BUT when everybody expect this scenario, I assume that something will go wrong and many traders would be surprised!
GL to all :)
stian
Feb 03 2017 at 23:12
325 posts
Eyes on next weeks Fed speak and (as always) Trump. With Fed’s Williams seeing some arguments for a March hike, this could be reaffirmed by members like Harker, Bullard and Evens boosting the chances before Yellen speaks in two weeks. Germany and France trade data can also be interesting, along with potential inflation surprises (due to higher oil prices?). With EURUSD facing resistance for 4 days (and largely for the past 10 trading days) around the early December daily highs. A range break within the next two weeks is very likely.
MicTic
Feb 05 2017 at 08:07
10 posts
It is annoying that such attention has to be paid to Trump all the time. It really adds uncertainty to the market. It reminds me of the euro crisis when the price spiked all over the place when some politician made any comment
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