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Mar 09 2016 at 19:23
454 posts
Another Doji on the EUR/USD, the trading range is very tight, price rebounds to the support level quickly.

Mar 10 2016 at 09:44
277 posts
The EUR/USD reached as high as 1.1036 in yesterdays session, but couldn't keep up with the gains and retraced back below 1.10 to currently trade at 1.0962.

Price is going to trade in current range until the news today come out and the press conference takes place as traders and investors are waiting for fresh news later today.

honeill (honeill)
Mar 10 2016 at 09:45
1141 posts
Yesterday EURUSD went back and forward without any clear direction although with a wide range and closed in the middle of the daily range, in addition managed to close within the previous day range, suggesting a lack of momentum and strong indecision among traders.

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

Today the markets are expecting an unchanged interest rate for the Euro zone and foremost the ECB president Mario Draghi speech looking for clues on a potential increase of QE due to the global economy slowdown.

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 (resistance), the 10-day moving average at 1.0954 (support) and a daily support at 1.0900.

"I trade to make money not to be right." |
WijnHF (WijnHF)
Mar 10 2016 at 09:45
52 posts
Fundamentals ....

Mar 10 2016 at 12:05
834 posts
Eur/Usd is showing very limited movement ahead of the ECB, let's see what Draghi will deliver.

Mar 10 2016 at 13:43
4 posts
Waw. Just 1200 pips lower. Ok, I'm new, and I would love for someone to explain why ICMarkets EURUSD M1 data and Pepperstone for the same pair/timeframe is so vastly different... Respectively on MT4 Win and one on MT4 iPhone. (sorry no screenshots, but maybe you can see it yourself?

Is this how brokers make their money? Add a bit of their own volatility when everyone is looking the other way, bit of order out of chaos?

It looks very suspicious, esp since both brokers seem heavily regulated and didn't come across as crooks?

Thanks for any honest responses

Post hoc ergo propter hoc
Mar 10 2016 at 13:44
4 posts
Well, what do you know



Post hoc ergo propter hoc
Mar 10 2016 at 13:50
325 posts
ICMarket have holes. Either they didn't have any quotes to give, or it was technical issues.

I made money (only about 2500$) on both grid system and scalping on Pepperstone. No issues.

Mar 10 2016 at 14:28
65 posts
I am using ICMarket I have no holes.

Mar 10 2016 at 17:44
1117 posts
csc2009 posted:
Eur/Usd is showing very limited movement ahead of the ECB, let's see what Draghi will deliver.

 The fundamentals today definitely had quite an effect on the pair - it bounced off the support at 1.0820 and broke above 1.1000 again. Next target is at 1.1240.

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