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deresel
Mar 28 2016 at 11:01
708 posts
Morgan Stanley analysts point to two reasons for the rising of the euro. First, last year foreign investors have cut the rate of currency hedging in debt instruments in euros, reinforcing the upward pressure on the currency. Second, over the past few months accelerate the process of diversification of foreign exchange reserves in favor of the euro.

deresel
Mar 28 2016 at 11:01
708 posts
Forex strategists at Barclays Capital noted that the decline in EUR/USD in the 1.1145 area would strengthen the bearish forecast for the pair as the next target is the area around 1.1055.

victoriajensen
Mar 28 2016 at 18:03
1117 posts
EUR/USD finally bounced off 1.1150, but it also formed a shooting star candlestick on the four-hour time-frame, so it might start falling again.

csc2009
Mar 28 2016 at 22:29
834 posts
Let's see if 1.1200 level holds, Yellen's speech is due to tomorrow.

paidsignals
Mar 29 2016 at 06:10
93 posts
The EURUSD had a bearish momentum last week. Price slipped above the trend line resistance but closed back below the trend line resistance created a false breakout bearish scenario as you can see on my H1 chart below. The bias remains bearish in nearest term testing 1.1100 – 1.1065 region. Immediate resistance is seen around 1.1220. A clear break above that area could lead price to neutral zone in nearest term retesting the trend line resistance and 1.1280 – 1.1300 region

Hugo ONeill (honeill)
Mar 29 2016 at 08:09
1141 posts
Yesterday EURUSD rose 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.

However the pair did not had the strength to close above the 10-day moving average that is acting as a dynamic resistance, however is still above the 50 and the 200-day moving averages that are acting as dynamic support.

The key levels to watch are: The previous swing high at 1.1342 (resistance), a daily resistance at 1.1237, the 10-day moving average at 1.1205 (resistance), the 50 day moving average at 1.1110 and daily support at 1.1097.

"I trade to make money not to be right."
FXWES
Mar 29 2016 at 13:04
675 posts
Ahead of Yellen’s speech the pair jumped above 1.12 level.

rosentray
Mar 29 2016 at 13:41
277 posts
The EUR/USD is trading higher today due to support level reached yesterday. The pair made a high of 1.1225 and is currently trading at 1.1215. Please be aware that we have important statement from FED's Chairman Janet Yellen in less than a couple of hours.

victoriajensen
Mar 29 2016 at 15:06
1117 posts
EUR/USD is currently testing 1.1170 again, but it likely won't have a clear direction before Yellen's speech.

FXWES
Mar 30 2016 at 05:59
675 posts
The euro recorded a second consecutive increase against the dollar on Tuesday. The growth of the single currency was significant and came suddenly before the end of the session. As a result, resistance at 1.1244 has been overcome. If the bullish trend continue in the future, the pair will test the key level at 1.1343.

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