EUR/USD reached 1.1057, 15 pips above the 200SMA but due to heavy bearish pressure, it retraced back below the Moving Average and is currenctly trading around the 1.10-1.1015 level.
The pair reached resistance twice in the last three days, indicating that the Euro might attempt a bull run. Pay attention to news this week and watch 1.1045.
The pair reached resistance twice in the last three days, indicating that the Euro might attempt a bull run. Pay attention to news this week and watch 1.1045.
Mar 08 2016 at 23:50
On the day chart, the EURUSD may be completing a bullish pullback to continue in the direction of the original trend, which is bearish.
The euro recorded a minor decline against the dollar on Tuesday. Although at the beginning of the session bullish sentiment prevailed, the single currency failed to progress. As a result, however, the pair reached the resistance at 1.1066, after peaking at 1.1057. If the positive trend continue in the future, the key level will be overcome.
Mar 09 2016 at 09:18
Waiting for the news tomorrow...
Positivity
Next levels to watch for:
Support: 1.0892; 1.0822;
Resistance: 1.1066; 1.1119.
Support: 1.0892; 1.0822;
Resistance: 1.1066; 1.1119.
Mar 09 2016 at 09:26
Yesterday the EURUSD tried to rally but found enough resistance at the 200-day moving average to turn around and closed near the low of the day, however closed within the previous day range, suggesting a weak bearish 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 that is acting as dynamic resistance.
The key levels to watch are: A daily resistance at 1.1236, other daily resistance at 1.1097, the 200-day moving average at 1.1021 (resistance), 50-day moving average at 1.1000 (support), the 10-day moving average at 1.0947 (support) and a daily support at 1.0900.
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 that is acting as dynamic resistance.
The key levels to watch are: A daily resistance at 1.1236, other daily resistance at 1.1097, the 200-day moving average at 1.1021 (resistance), 50-day moving average at 1.1000 (support), the 10-day moving average at 1.0947 (support) and a daily support at 1.0900.
"I trade to make money not to be right." |
EUR/USD is trading lower today, due to major resistance in the face of the 200SMA. Main direction remains bullish, but you should have in mind that tomorrow news are scheduled for tomorrow:
- European Central Bank Rate Decision 12:45GMT
- ECB Deposit Facility Rate 12:45GMT
- ECB Marginal Lending Facility 12:45GMT
- ECB Press Conference 13:30GMT
- European Central Bank Rate Decision 12:45GMT
- ECB Deposit Facility Rate 12:45GMT
- ECB Marginal Lending Facility 12:45GMT
- ECB Press Conference 13:30GMT
The pair is showing limited movement ahead of the ECB, I guess we are expecting volatility on Thursday.
Mar 09 2016 at 14:13
csc2009 posted:
The pair is showing limited movement ahead of the ECB, I guess we are expecting volatility on Thursday.
It's currently testing the support at 1.0950 and it will probably bounce off that level, but I doubt there will be much movement before the fundamentals tomorrow.
