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FXWES
Feb 27 2017 at 09:06
675 posts
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.
Hugo ONeill (honeill)
Feb 27 2017 at 09:45
1141 posts
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.
"I trade to make money not to be right."
rosentray
Feb 27 2017 at 11:01
277 posts
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!
bestools
besttools
Feb 27 2017 at 12:22
898 posts

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).
victoriajensen
Feb 27 2017 at 14:05
1117 posts
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.
Darkdevil2000
Feb 27 2017 at 15:04
5 posts
Long, 36 pips TP, without SL
Cuong Truong (Cryptocurrency)
Feb 27 2017 at 22:59
178 posts
EUR/USD support and resistance lines

Attachments:

I trade Forex using my Bollinger Trend PRO mt4 indicator.
FXWES
Feb 28 2017 at 06:39
675 posts
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.
Cuong Truong (Cryptocurrency)
Feb 28 2017 at 07:51
178 posts
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.
nivkyy
Feb 28 2017 at 08:05
10 posts
Cryptocurrency posted:
EUR/USD support and resistance lines

come on! up!
Hugo ONeill (honeill)
Feb 28 2017 at 09:43
1141 posts
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.
"I trade to make money not to be right."
Baldo (BaldoN)
Feb 28 2017 at 10:11
522 posts
Hello,
EUR/USD - My expectation for today - long with target around 1.0610/15 (currently 1.0590)
bestools
besttools
Feb 28 2017 at 11:23
898 posts

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.
kieran (snapdragon1970)
Feb 28 2017 at 11:26
1948 posts
On the 4hr chart still looks like an up trend, nice trade on eur/jpy this morning.
"They mistook leverage with genius".
victoriajensen
Feb 28 2017 at 12:42
1117 posts
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.
nivkyy
Feb 28 2017 at 13:12
10 posts
Right now the trend is usually upward. Let's hopefully continue like this and close with a few pips higher.
kieran (snapdragon1970)
Feb 28 2017 at 13:41
1948 posts
nivkyy posted:
Right now the trend is usually upward. Let's hopefully continue like this and close with a few pips higher.
News or data can change that at anytime
"They mistook leverage with genius".
stian
Feb 28 2017 at 13:43
325 posts
It has been neutral in a somewhat 30 pip range. It is largely political moves, not data. Eyes on Trump.
Darkdevil2000
Feb 28 2017 at 14:45
5 posts
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.
kieran (snapdragon1970)
Feb 28 2017 at 15:22
1948 posts
stian posted:
It has been neutral in a somewhat 30 pip range. It is largely political moves, not data. Eyes on Trump.
I think the Trump move already priced in.
"They mistook leverage with genius".
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