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Mar 08 2016 at 06:10
774 posts
There was some volatility on the EURUSD, but the pair is currently undecided.

Mar 08 2016 at 07:48
277 posts
I have a reason to believe that the EUR/USD is ready for take off. The price has been trading slightly above long-term downward channel and is currently creating a new upward channel. Should we get another attempt to break the 200SMA, we might see the EUR/USD climbing above 1.11.

honeill (honeill)
Mar 08 2016 at 08:52
1141 posts
Yesterday the EURUSD initially fell but found enough support at the 10-day moving average to turn around and closed near the high of the day, however closed within the previous day range, suggesting a weak bullish momentum.

The pair closed above the 10, 50-day moving averages that are acting now as dynamic support however did not managed to close above the 200 day moving average.

The key levels to watch are: A daily resistance at 1.1236, other daily resistance at 1.1097, the 200-day moving average at 1.1020 (resistance), 50-day moving average at 1.0997 (support), the 10-day moving average at 1.0944 (support) and a daily support at 1.0900.

"I trade to make money not to be right." |
Mar 08 2016 at 09:13
675 posts
The single currency registered a volatile session against the dollar on Monday. Ultimately, the euro slightly advanced against the dollar and so the break of resistance at 1.1066 was postponed. If bullish sentiment continue in the future, the key level will be overcome. The new week started at a price of 1.0992 as initially bearish sentiment prevailed. The pair hit bottom for the day at 1.0939 abs session closed at 1.1013.

Mar 08 2016 at 09:15
708 posts
Daily levels to watch for:
Support: 1.0892; 1.0822;
Resistance: 1.1066; 1.1119.

Mar 08 2016 at 13:17
83 posts
The Euro is surprisingly getting bids two days ahead of the ECB meeting on Thursday.
Is this a strategy to buy the rumour and sell the fact? Hard to tell. Will it be slammed hard after the meeting?
The ECB would surely like that but they have disappointed in December so the market is suspicious...

Mar 08 2016 at 14:05
834 posts
The gain seems limited near 1.1050 handle, the pair very likely stay in the range ahead of the ECB on Thursday.

Mar 08 2016 at 16:37
1117 posts
csc2009 posted:
The gain seems limited near 1.1050 handle, the pair very likely stay in the range ahead of the ECB on Thursday.

 If it breaks above 1.1050 it will probably continue rising towards 1.1200 but range will likely continue for now.

Mar 08 2016 at 17:41
413 posts
The EUR/USD fell today close to the opening from the resistance level around 1.1050, I see that going short from the 1.1020 is option today.

Mar 08 2016 at 19:09
454 posts
EUR/USD started trading around the resistance level 1.1000 we might see a few days of trading around this levels.

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