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Hugo ONeill (honeill)
Feb 26 2016 at 09:06
1141 posts
Yesterday the EURUSD went back and forward again but this time with a narrow range and closed in the middle of the daily range, in addition managed to close within the previous day range, suggesting lack of momentum and possible consolidation.

The pair is trading below the 10 and the 200-day moving averages that are acting as dynamic resistances however is still trading above the 50-day moving average that are acting as dynamic support. The moving averages are squeezing the price let’s wait to see where it will pop.

The key levels to watch are: The previous swing high at 1.1376, a daily resistance at 1.1237, the 10-day moving average at 1.1072 (resistance), a daily resistance at 1.1097, the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.0986 (support) and a daily support at 1.0900.

"I trade to make money not to be right."
rosentray
Feb 26 2016 at 11:14
277 posts
The EUR/USD is trading between the 200SMA and the support line. 1.10 remains a crucial level. Below it we might see an attempt for 1.09, above it we should get a close above the 200SMA for a new trend to begin.

stian
Feb 26 2016 at 15:29
325 posts
Good US data, bad German data. EURUSD back at 1.0960 levels, and still falling (eyes on US consumption and sentiment later today, it might build enough momentum to head down to 1.09.

Had a short on 1.1030. TP at 1.0830 (but closing it manually on bad US data).

sherifFares
Feb 26 2016 at 17:06
454 posts
Finally EUR/USD under the support level. I can close the short position now and wait for the price on Monday under 1.0900 for another position.

Ari Goldman (arigoldman)
Feb 26 2016 at 17:06
907 posts
I'm still bullish, though.

victoriajensen
Feb 26 2016 at 18:04
1117 posts
EUR/USD will most likely reach 1.0900, the question is whether it will be able to break below that support and continue falling.

Abdul2012
Feb 26 2016 at 20:14
413 posts
victoriajensen posted:
 EUR/USD will most likely reach 1.0900, the question is whether it will be able to break below that support and continue falling.

I agree with you that it will continue the down trend.

Chikot
Feb 28 2016 at 12:14
2299 posts
csc2009
Feb 28 2016 at 22:59
834 posts
'Brexit' fears and all the talks about the upcoming referendum campaign keep dragging the pair down, immediate support can be found at 1.0900 level.

Chikot
Feb 29 2016 at 09:02
2299 posts
I am short since Friday 1.100.

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