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EUR/USD
Member Since Mar 07, 2017
1 posts
Member Since Apr 08, 2014
1141 posts
Mar 08, 2017 at 07:45
Member Since Apr 08, 2014
1141 posts
On yesterday session, the EURUSD initially tried to rally but found yet again enough resistance near Tuesday open to give all of its gains back to the market and closed in the red, near the low of the day, in addition managed to closed below Tuesday’s low, which suggests a strong bearish momentum.
The currency pair closed below the 10-day moving average and is now trading below the 10, 50 and 200-day moving averages that 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 1.0645 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0571 (resistance) a daily support at 1.0527 and other daily support at 1.0462.
The currency pair closed below the 10-day moving average and is now trading below the 10, 50 and 200-day moving averages that 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 1.0645 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0571 (resistance) a daily support at 1.0527 and other daily support at 1.0462.
"I trade to make money not to be right."
Mar 08, 2017 at 11:11
Member Since Nov 16, 2015
708 posts
On Tuesday, the single currency recorded a modest decline against the US dollar. The session started at 1.0579 and ended 14 pips lower. If the downward trend continues, most likely the dollar will test the first support located at 1.0550. Otherwise, on the upside, the pair will go toward resistance at 1.0815.
forex_trader_338100
Member Since Jun 21, 2016
898 posts
Mar 08, 2017 at 11:44
Member Since Jun 21, 2016
898 posts
While we still hold the view that the strong rebound from last Friday 1.0499 low has room to extend higher towards 1.0680, the muted trading over the last couple of days has dented the immediate upward pressure. Unless EUR can move and stay above 1.0610 by end of today, it is more likely that this pair has moved into a consolidation phase. Key support is still at 1.0520.
Member Since Jul 10, 2014
1117 posts
Mar 08, 2017 at 13:25
(edited Mar 08, 2017 at 13:31)
Member Since Jul 10, 2014
1117 posts
EUR/USD has been moving to the downside ever since it broke out below the support at 1.0585. Next target is likely the previous low at 1.0494.
Member Since Oct 11, 2013
775 posts
Mar 08, 2017 at 16:01
Member Since Oct 11, 2013
775 posts
No clear trend on the EURUSD, at least not on the daily chart. From this point on the pair may head in any direction, depending on what Draghi says tomorrow. On Friday, the NFP numbers may also dictate the direction of the EURUSD for next week.
Member Since Feb 22, 2015
178 posts
Mar 09, 2017 at 07:45
Member Since May 01, 2015
675 posts
EUR/USD is moving to downside and currently is trading at weekly lows around 1.0535 – 1.0530. The euro is under pressure ahead of the ECB meeting, while the US dollar is generally stronger. As no surprised from ECB are expected, the pair is more likely to move even lower towards the 1.0500 handle.
forex_trader_338100
Member Since Jun 21, 2016
898 posts
Mar 09, 2017 at 08:46
Member Since Jun 21, 2016
898 posts
At the moment EUR/USD is gaining 0.10% at 1.0551 facing the next up barrier at 1.0582 (20-day sma) followed by 1.0608 (55-day sma) and finally 1.0643 (high Mar.6). On the other hand, a break below 1.0525 (low Mar.9) would target 1.0513 (low Mar.1) en route to 1.0499 (low Mar.3).
Member Since Apr 08, 2014
1141 posts
Mar 09, 2017 at 08:58
Member Since Apr 08, 2014
1141 posts
On yesterday session, the EURUSD fell but with a narrow range and closed near the low of the day, in addition managed to closed below Tuesday’s low, which suggests a strong bearish momentum.
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 1.0644 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0569 (resistance) a daily support at 1.0527 and other 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 1.0644 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0569 (resistance) a daily support at 1.0527 and other daily support at 1.0462.
"I trade to make money not to be right."
Mar 09, 2017 at 11:26
Member Since Nov 14, 2015
325 posts
Think there might be a bit of optimism priced in. See several banks are hoping for s slightly more hawkish stance due to the latest inflation numbers, and German Bundesbank presidents optimism. But as it was mostly energy and core inflation remains below 1%, so don't think so. Might trigger a slide on dovish stance. And remain fairly capped by political risk on any hawkish rally.
Member Since Apr 08, 2014
1141 posts
Mar 10, 2017 at 09:17
Member Since Apr 08, 2014
1141 posts
On yesterday session, the EURUSD initially fell but found enough support at 1.0527 to reverse and closed in the middle of the daily range, in addition managed to close within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair closed above the 10-day moving average that should provide a dynamic support but continues to trade below the 50 and 200-day moving averages that 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 1.0644 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0571 (support) a daily support at 1.0527 and other daily support at 1.0462.
The currency pair closed above the 10-day moving average that should provide a dynamic support but continues to trade below the 50 and 200-day moving averages that 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 1.0644 (resistance), a daily resistance at 1.0622, the 10-day moving average at 1.0571 (support) a daily support at 1.0527 and other daily support at 1.0462.
"I trade to make money not to be right."
Member Since Oct 02, 2014
909 posts
Member Since Jul 10, 2014
1117 posts
Mar 10, 2017 at 14:10
Member Since Jul 10, 2014
1117 posts
The fundamentals today pushed EUR/USD to the upside. The pair will likely reach at least 1.0680, which is the (MA)89 indicator on the daily time-frame.
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