Nevertheless, now on my chart I see the price goes up each time after touching 20 or 25 or 50 or 60 MA's. This tells me the big institutions are probably buying the dips now. If that's what they are doing, why not do the same? Remember in the summer of 2014, how many people tried to range-trade, betting on a rebound but never got it and got wiped out instead. I joined at 1.18, I will move my stoploss to break even when it's 1.20, and buy more when it reaches 1.21 and move my stop loss to 1.196.
Aug 03 2017 at 06:57
Possible bearish price movement towards the support 1.1793 within the next 16 hours.
Attachments:
Aug 03 2017 at 07:46
On yesterday session, the EURUSD initially rose but found enough selling pressure to trim some of its gains and closed in the middle of the daily range, however the currency pair managed to close above Tuesday’s range, which suggests bullish momentum.
The currency pair continues trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1755 (support), a daily support at 1.1460 and other daily support at 1.1556.
The currency pair continues trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1755 (support), a daily support at 1.1460 and other daily support at 1.1556.
"I trade to make money not to be right."
Today the EUR/USD pair peaked very close to 1.19, but retreated few pips lower. Anyway the pair is up for third consecutive week and the price is developing around its yealy high. As there no signals for upward exhaustion, the rally might extend to the ctritical 1.12 handle.
Aug 03 2017 at 19:01
EUR/USD is consolidating sideways slightly below 1.1900. The fundamentals tomorrow may push the pair above that level.
victoriajensen posted:
EUR/USD is consolidating sideways slightly below 1.1900. The fundamentals tomorrow may push the pair above that level.
I agree, short term correction movement does not change the bullish trend, once the pair break above 1.19 level, next target would be 1.20.
Aug 04 2017 at 07:01
On yesterday session, the EURUSD went back and forward without any clear direction 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 continues trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1782 (support), a daily support at 1.1460 and other daily support at 1.1556.
The currency pair continues trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a daily resistance at 1.1976, other daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1782 (support), a daily support at 1.1460 and other daily support at 1.1556.
"I trade to make money not to be right."
A hanging man formed at the 1H chart, short indicator?
Strive to archive more.
Aug 04 2017 at 10:10
NFP and Jobs data in less than three hours. Interesting to see how it goes, i'm calling better than expected.
Positivity
The euro-dollar currency pair recorded a volatile session on Thursday, moving around the first resistance at 1.1860, and at the end of the day the course was eight pips above it. The first quote for the day was 1.1855, which means the euro added 13 pips to its value. Extreme values for the day were recorded at 1.1830 and 1.1892 respectively.
Key levels to watch for:
Support: 1.1860; 1.1700; 1.1520;
Resistance: 1.1970; 1.2180.
Support: 1.1860; 1.1700; 1.1520;
Resistance: 1.1970; 1.2180.
Aug 04 2017 at 16:06
EUR/USD dropped significantly after the fundamentals today, from 1.1890 to 1.1728. Considering how bearish the pair still is it may reach 1.1700 again next.
Euro / dollar was hesitant yesterday. The signals remain neutral, but I'm still in the bulls camp with targets in the 1.2000 strong resistance area.
lengkai posted:
A hanging man formed at the 1H chart, short indicator?
Shorted at 1.18775 yesterday after the short indicator ;took 1000 pips, I believe the bull sentiment and momentum is still on going.
So long at dip for next week.
Strive to archive more.
The NFP data surged the US dollar this Friday and EUR/USD closed the week flat after rallying three consecutive weeks. The pair marked fresh year high at 1.1909 and dropped sharply afterwards. This movement can be read as a downward corrective one, as the price remained above 1.1615.
The dollar gained against other currencies after an unexpectedly strong US employment report indicated that the Fed will be able to fulfill its plan for a third rate hike this year. The EUR / USD fell to the close of trading at 1.1773.
Euro is approaching 50 MA on H4. Now it's at 25 MA. I think this presents fresh buying opportunities. Nevertheless, I'm already in the trade. I will only add when it reaches 1.21.
Aug 06 2017 at 06:51
Possible bearish price movement towards the support 1.1649
Attachments:
Aug 06 2017 at 19:32
My analysis says that Friday was just a simple pullback with investors reacting to the news events.
The EURUSD will retrace back to where it was this week and could possibly break 1.20.
I'm still long on this trade.
The EURUSD will retrace back to where it was this week and could possibly break 1.20.
I'm still long on this trade.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Aug 07 2017 at 06:32
Bought at 1.17922 taking profit at 1.18399
