EUR/USD is currently gravitating around 1.06 handle. From fundamental viewpoint markets attention today will be focused on elections in the Netherlands and mostly on the announcement of the interest rate of Fed.
Mar 15 2017 at 08:18
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition managed to close below Monday’s low, which suggests a strong bearish momentum.
The currency pair is still trading above the 10 moving average that should provide dynamic support but closed below the 50-day moving average and continues to trade below the 200-day moving average both should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, other daily resistance at 1.0713, the 50-day moving average at 1.0647 (resistance), a daily support at 1.0622, the 10-day moving average at 1.0611 (support) a daily support at 1.0527 and other daily support at 1.0462.
The currency pair is still trading above the 10 moving average that should provide dynamic support but closed below the 50-day moving average and continues to trade below the 200-day moving average both should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, other daily resistance at 1.0713, the 50-day moving average at 1.0647 (resistance), a daily support at 1.0622, the 10-day moving average at 1.0611 (support) a daily support at 1.0527 and other daily support at 1.0462.
"I trade to make money not to be right."
Slow Retail sales is likely as the tax refunds have been slow - negative MoM is not off, below expectations, but eyes are likely more on the inflation. PPI have opened the door for better than expected numbers.
Next up is the rate hike, eyes on the dot plot, and statement. Then the press conference.
Then overnight we have the Dutch election.
Lots of potensial movers towards any direction the next 24 hours.
Next up is the rate hike, eyes on the dot plot, and statement. Then the press conference.
Then overnight we have the Dutch election.
Lots of potensial movers towards any direction the next 24 hours.
Mar 15 2017 at 12:45
Eur/Usd is advancing 0.22% at 1.0627 facing the next up barrier at 1.0715 (high Mar.13) ahead of 1.0829 (2017 high Feb.2) and finally 1.0873 (high Dec.8 2016). On the downside, a breach of 1.0597 (low Mar.14) would target 1.0591 (20-day sma) en route to 1.0569 (low Mar.10).
Mar 15 2017 at 12:50
It's consolidating above 1.0600, the consolidation will likely only get tighter the closer we get to the FOMC announcements later today.
FOMC came pretty much as expected with no major hawkish addition. Still room to build up the odds for a June hike now.
Mar 15 2017 at 23:35
My March 14th, 2017 prediction on EUR/USD was correct. Now, I'm waiting for the price to retest this Bollinger Trend PRO support line.
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Mar 16 2017 at 01:15
Potential price channel for EUR/USD
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Mar 16 2017 at 07:31
What a spike in the EUR/USD! I bet most of the retail traders were caught off guard with all those expectations of a strong US dollar.
Positivity
Mar 16 2017 at 08:38
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Tuesday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade 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, other daily resistance at 1.0713, the 50-day moving average at 1.0650 (support), a daily support at 1.0622, the 10-day moving average at 1.0622 (support) a daily support at 1.0527 and other daily support at 1.0462.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade 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, other daily resistance at 1.0713, the 50-day moving average at 1.0650 (support), a daily support at 1.0622, the 10-day moving average at 1.0622 (support) a daily support at 1.0527 and other daily support at 1.0462.
"I trade to make money not to be right."
arigoldman posted:
What a spike in the EUR/USD! I bet most of the retail traders were caught off guard with all those expectations of a strong US dollar.
While it spiked much more than expected, fed being super hawkish was highly unlikely - and it would be the only scenario that would've lifted the dollar. But with the next hike priced in September (for a total of 3 hikes), there are plenty of room for dollar improvement in the coming weeks and months. Those that hinted at 4 hikes in February will likely keep hinting so long data continue to be good. Lifting the odds of a hike in June. As a four hikes path for 2017 is likely to take March, June, September, December.
EUR/USD showed strong bullish momentum yesterday and topped at 1.0745. Since the start of today’s session the pair is correcting to downwards and the current market price is 1.0712.
Mar 16 2017 at 09:49
After seeing that strong green candle, most traders will buy. I still think the price will drop to re-test that support line. I still see a strong resistance at 1.09790
I trade Forex using my Bollinger Trend PRO mt4 indicator.
The euro registered a significant increase against the dollar on Wednesday, immediately after the statement of the Federal Reserve on an increase in US interest rates. As a result, the dollar collapsed, and the pair managed to break the resistance at 1.0738. If the bulls continue to dominate, the key level at 1.0774 will be tested soon. The session on Wednesday launched at a price of 1.0607 and the single currency rose by 129 pips to the finish. In the early hours trend was neutral, but in the evening direction changed sharply and the pair reached a peak for the day at 1.0739.
Key levels to watch for:
Support: 1.0522; 1.0491;
Resistance: 1.0738; 1.0774.
Support: 1.0522; 1.0491;
Resistance: 1.0738; 1.0774.
Mar 16 2017 at 20:50
Cryptocurrency posted:
After seeing that strong green candle, most traders will buy. I still think the price will drop to re-test that support line. I still see a strong resistance at 1.09790
Hmm... looks like traders did continue to buy. Now, I'm waiting for that big price drop.
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Mar 17 2017 at 00:24
Possible Divergence in EUR/USD
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Mar 17 2017 at 02:47
Two green Bollinger bands formed a double top.
I'm still expecting for the price to drop big.
I'm still expecting for the price to drop big.
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EUR/USD pushed higher yesterday and closed at 1.0735. The pair is keeping the bullish tone standing above the importnant 1.07 handle with current levels above Wednesday’s high.
Mar 17 2017 at 08:46
On yesterday session, the EURUSD rallied again but this time with a narrow range and closed near the high of the day, in addition managed to close above Wednesday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade 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, daily support at 1.0713, the 50-day moving average at 1.0651 (support), the 10-day moving average at 1.0638 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade 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, daily support at 1.0713, the 50-day moving average at 1.0651 (support), the 10-day moving average at 1.0638 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.
"I trade to make money not to be right."
