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Hugo ONeill (honeill)
Jun 14 2018 at 07:41
1141 posts
On yesterday session, the EURUSD rallied with a narrow range and closed near the high of the day, however, closed within Tuesdays’ range, which suggests being slightly on the bullish side of neutral.

The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: January low at 1.1915 (resistance), the 50-dat moving average at 1.1887 (resistance), a daily resistance at 1.1829, the 10-day moving average at 1.1765 (support), a daily support at 1.1753, a key level at 1.1684 (support), a daily support at 1.1555 and year-to-date low at 1.1509.

"I trade to make money not to be right."
Hugo ONeill (honeill)
Jun 14 2018 at 07:43
1141 posts
ManukSabung posted:
honeill posted:
On yesterday session, the EURUSD initially rose but found enough selling pressure near previous day high to reverse and managed to close near the low of the day, in addition, closed below Mondays’ low, which suggests a strong bearish momentum.

The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily support at 1.1753, the 10-day moving average at 1.1746 (support), a key level at 1.1684 (support), a daily support at 1.1555 and year-to-date low at 1.1509.


So the trend momentum is bearish ????


In the past 2 days yes. My analysis is made for short-term trading in a daily time-frame.

"I trade to make money not to be right."
Hugo ONeill (honeill)
Jun 15 2018 at 07:50
1141 posts
On yesterday session, the EURUSD dived with an extremely wide range and closed near the low of the day, in addition, managed to close below Wednesday’s low, which suggests a strong bearish.

The currency pair closed below the 10-day moving average that should provide a dynamic resistance, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.

The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1742 (resistance), a key level at 1.1684 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).

"I trade to make money not to be right."
Justice1024
Jun 15 2018 at 12:26
210 posts
The euro / dollar attempted to rise yesterday, reaching a peak of 1.1850, but collapsed afterwards and hit 1.1562 after the ECB's decision to stop QE in December and keep interest rates low. Technically, the price breaks below the trendline that resets the upward phase and activates my bearish model. Expectations are down for testing 1.1500 for now. The first resistance is at 1.1620 / 40. A clear breakthrough over it may take the price to a neutral zone, but while the pair remains below 1.1725 / 00, I prefer the bearish scenario in this phase. Any bullish pressure could be seen as a good sales opportunity.

kieran (snapdragon1970)
Jun 15 2018 at 12:59
1945 posts
Tariffs cat and mouse pushing the price around ,yesterday tariffs list was going to be shorter ,today they said no change, wait and see how China respond next week.

"They mistook leverage with genius".
Ari Goldman (arigoldman)
Jun 15 2018 at 13:39
907 posts
The Euro suffered its worst week since a while. I think we can expect more to the downside if it breaks below 1.1550.

SarahDW
Jun 18 2018 at 09:47
229 posts
Eur/Usd starts the week with a small gap down in H4 chart, consolidation seems to continue, downside capped limit.

YueWang
Jun 22 2018 at 07:35
66 posts
Intraday Elliottwave Analysis: EURUSD, a double bottom formation?

EURUSD formed a potential double bottom around 1.1500.

Price also threatened to close above H4 upper bands.

Daily oscillators also threaten to cross-over from their range low.

We'll tactical long at 1.1595 and will add or reduce according to H4 bands.

Daily support levels: 1.1556 1.1530 1.1505

Dialy resistance levels: 1.1636 1.1665 1.1682

Intraday Trade Idea: (spot 1.1609)

Sell Latentinterest Order: 1.1682

Buy Latentinterest Order: 1.1595

Click on the image to enlarge



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http://forexsignal.love/aggressive-trend-scalper-ea/ 5 days' trial period is available. Welcome to backtesting!
Justice1024
Jun 24 2018 at 12:14
210 posts
Next week is not full of trend-changing events. So I say, let's trade EUR/USD in range.

SarahDW
Jun 25 2018 at 06:12
229 posts
Eur/Usd is trading almost flat around 1.165 level, fear of the trade war escalating would put the pair at risk of resume its downward movement.

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