My Broker ( no names ) decided not to give any prices when the news came out. Only after 5 minutes or so prices started to move again. Still made 4% though but it makes one think. We will see what today brings..
Valicourt posted: My Broker ( no names ) decided not to give any prices when the news came out. Only after 5 minutes or so prices started to move again. Still made 4% though but it makes one think. We will see what today brings..
On the last Friday’s session the EURUSD initially fell but found enough buying pressure at 1.1097 daily support to reverse and closed in the middle of the daily range, in addition closed within the previous day range, suggesting lack of momentum and market indecision.
The pair closed above the 10, 50 and the 200-day moving averages that are acting as dynamic support.
The key levels to watch are: The year high at 1.1376 (resistance), a daily resistance at 1.1237, daily support at 1.1097, the 200-day moving average at 1.1024 (resistance), 50-day moving average at 1.1012 (resistance) and the 10-day moving average at 1.1002 (support).
The EUR/USD lost a bit from what was gained during the last two days of the previous week. Nevertheless, the pair is now trading in the uptrend channel and looks ready to test the first support at 1.1080. If this support holds, then the pair might attempt to test first resistance which appears to be the last high of 1.1220.
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Past performance is not indicative of future results.
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