EUR/USD closed Friday lower, but today is seen some recovery and the current market price is 1.0579. The immediate downward pressure still exists as long as the pair holds below the resistance at 1.0620.
Feb 27 2017 at 09:45
On the last Friday’s session the EURUSD tried to rally but found enough selling pressure around 1.0622 daily resistance to reverse and closed near the low of the day, although the currency pair managed to close within Thursday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0631 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0592 (resistance) and a daily support at 1.0462.
The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0631 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0592 (resistance) and a daily support at 1.0462.
"I trade to make money not to be right."
EUR/USD is trading relatively unchanged from last week's levels with price gravitating towards 1.0580. Market participants are looking forward to this week's events, a lot of major news coming out!
Feb 27 2017 at 12:22
At the moment the pair EUR/USD up 0.21% at 1.0583 facing the initial hurdle at 1.0592 (55-day sma) followed by 1.0620 (high Feb.24) and finally 1.0651 (20-day sma). On the flip side, a breach of 1.0492 (low Feb.22) would target 1.0452 (low Jan.11) en route to 1.0339 (2017 low Jan.3).
Feb 27 2017 at 14:05
EUR/USD is quite undecided at the moment but it will likely test 1.0620 again soon. If it does break out above that level it will likely reach at least 1.0700.
Feb 27 2017 at 15:04
Long, 36 pips TP, without SL
Feb 27 2017 at 22:59
EUR/USD support and resistance lines
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I trade Forex using my Bollinger Trend PRO mt4 indicator.
EUR/USD was trading mixed yesterday, having reached daily high at 1.0630, but later retreated below 1.0600. The political instability impact the euro, but in case the US dollar weakens euro bulls might be seen with renewed strength.
Feb 28 2017 at 07:51
EUR/USD is choppy right now, bankers are confused and don't know if they should move the price up or down.
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Feb 28 2017 at 08:05
Cryptocurrency posted:
EUR/USD support and resistance lines
come on! up!
Feb 28 2017 at 09:43
On yesterday session, the EURUSD initially tried to rally but found enough resistance at 1.0622 to give most of its gains to the market but still managed to close in the green, in the middle of the daily range, in addition closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0636 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0589 (resistance) and a daily support at 1.0462.
The currency pair continues to trade below the 10, 50 and 200-day moving averages all should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 50-day moving average at 1.0636 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0589 (resistance) and a daily support at 1.0462.
"I trade to make money not to be right."
Hello,
EUR/USD - My expectation for today - long with target around 1.0610/15 (currently 1.0590)
EUR/USD - My expectation for today - long with target around 1.0610/15 (currently 1.0590)
Feb 28 2017 at 11:23
In terms of technicals, the pair finds the immediate resistance 1.0633 (5-day highs). A break beyond the last, doors will open for a test of 1.0638 (50-DMA) and from there to 1.0682 (Feb 16 high). On the flip side, the immediate support is placed at 1.0520 (Jan 6 low) below which 1.0500 (psychological levels) and 1.0478 (Jan 5 low) could be tested.
Feb 28 2017 at 11:26
On the 4hr chart still looks like an up trend, nice trade on eur/jpy this morning.
"They mistook leverage with genius".
Feb 28 2017 at 12:42
EUR/USD is caught in a tight consolidation between 1.0560 and 1.0620. I doubt there will be any changes before the fundamentals today.
Feb 28 2017 at 13:12
Right now the trend is usually upward. Let's hopefully continue like this and close with a few pips higher.
Feb 28 2017 at 13:41
nivkyy posted:News or data can change that at anytime
Right now the trend is usually upward. Let's hopefully continue like this and close with a few pips higher.
"They mistook leverage with genius".
It has been neutral in a somewhat 30 pip range. It is largely political moves, not data. Eyes on Trump.
Feb 28 2017 at 14:45
America have finished to run. It needs to destroy Euro and Europe, and will do it with every possible arms, political, financial and Usd war.
Feb 28 2017 at 15:22
stian posted:I think the Trump move already priced in.
It has been neutral in a somewhat 30 pip range. It is largely political moves, not data. Eyes on Trump.
"They mistook leverage with genius".
