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Abdul2012
Mar 03 2016 at 19:19
413 posts
Nice hunting today, the EUR/USD moving up to the resistance level at the 1.1001.

csc2009
Mar 04 2016 at 03:17
834 posts
On the upside, immediate resistance level can be found at yesterday's high, break above would lead to next target 1.1000 level.

honeill (honeill)
Mar 04 2016 at 08:59
1141 posts
Yesterday the EURUSD initially rallied with a wide range and closed near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.

The pair is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.

We may expect high volatility today due to the US nonfarm and unemployment data.

The key levels to watch are: A daily resistance at 1.1097, the 200-day moving average at 1.1019 (resistance), 50-day moving average at 1.0992 (resistance), the 10-day moving average at 1.0941 (resistance), a daily support at 1.0900 and other daily support at 1.0819.

"I trade to make money not to be right." |
csc2009
Mar 04 2016 at 11:23
834 posts
The pair upward movement seems to continue and it's moving towards to test the psychological level at 1.1000 ahead of NPF data release.

FXWES
Mar 04 2016 at 16:59
675 posts
EUR/USD reached an intraday high the erased the NFP-driven losses.

victoriajensen
Mar 04 2016 at 17:17
1117 posts
csc2009 posted:
The pair upward movement seems to continue and it's moving towards to test the psychological level at 1.1000 ahead of NPF data release.


It broke above 1.1000 but now it's back at that level. That said, I think that next week it will continue climbing a little higher than that, likely towards 1.1080.

Abdul2012
Mar 04 2016 at 17:18
413 posts
1.1000 seems to be a good support for the EUR/USD today, let us see if the pair will hold on over it.

sherifFares
Mar 04 2016 at 21:28
454 posts
it is weird that price broke 1.100 even with positive NFP the USD dropped against the EUR.

stian
Mar 06 2016 at 06:51
325 posts
It's not so weird. Work hours (likely fueled by the minimum wage hike, many buisnesses report reduced hours because of this) and saleries dropped (rather unexpected). January revise was not up as expected.

rosentray
Mar 06 2016 at 07:43
277 posts
The EUR/USD is trading higher due to the latest NFP's. The pair reached 1.1043 and hit right at the 200SMA. Price retraced and is now trading around the 1.10 level. Key resistance remains the 200SMA at 1.1050 while first support is 1.0975.

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