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Hugo ONeill (honeill)
Oct 12 2018 at 10:29
1141 posts
On yesterday session, the EURUSD rose with a wide range and closed near the high of the day, in addition, managed to close above Wednesday’s high, which suggests a strong bullish 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: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1603 (resistance), the 10-day moving average at 1.1525 (support), a daily resistance at 1.1555 and a daily support at 1.1459 and a 2018 low at 1.1300 (support).

"I trade to make money not to be right."
deresel
Oct 12 2018 at 15:16
708 posts
EUR/USD: After hitting the support at 1.1550, the pair is looking at 1.1650. Probably on Monday.

victoriajensen
Oct 12 2018 at 16:52
1117 posts
EUR/USD found some resistanc at 1.1610 and is currently retracing from that level. Next target is likely at 1.1500.

deresel
Oct 13 2018 at 13:50
708 posts
EUR/USD: The support is located at around 1,1530.

Ararat
Oct 14 2018 at 07:16
10 posts
1.1530 was a fairly strong level but there was a comprehensive break over the last couple of weeks. I don't think that level is relavent any more. In my opinion a new up trend has just started. There was a firm break at 1.1530 but price now heading upwards. Buyers really came in once the support was broken. Further upside expected

Hugo ONeill (honeill)
Oct 15 2018 at 10:26
1141 posts
On the last Friday’s session, the EURUSD tried to rise but found enough selling pressure near the 50-day moving average to reverse and closed near the low of the day, however, managed to close within Thursday’s range, which suggests being slightly on the bearish 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: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1609 (resistance), the 10-day moving average at 1.1534 (support), a daily resistance at 1.1555 and a daily support at 1.1459 and a 2018 low at 1.1300 (support).

"I trade to make money not to be right."
Yousef (Yousef70)
Oct 15 2018 at 12:46
3 posts
A solid resistance near 1.163, i wonder that sentiment is bearish but trend bull

Ari Goldman (arigoldman)
Oct 15 2018 at 13:37
907 posts
There aren't any significant news this week that can cause a storm in the pair. I'd say we're looking neutral into the week.

kieran (snapdragon1970)
Oct 15 2018 at 13:56
1945 posts
arigoldman posted:
There aren't any significant news this week that can cause a storm in the pair. I'd say we're looking neutral into the week.


Expecting MP May to give a speech later which could effect the Euro, US retail sales we had earlier caught a bounce on Euro, Gold a bit higher usually negative $, some other factors also keeping $ negative.

"They mistook leverage with genius".
Hugo ONeill (honeill)
Oct 16 2018 at 10:46
1141 posts
On yesterday session, the EURUSD initially rallied with a narrow range but found enough selling pressure near 50-day moving average to erase some of its gains and closed in the middle of the daily range, in addition, closed within Friday’s range, which suggests being clearly neutral, neither side is showing control.

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: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1612 (resistance), the 10-day moving average at 1.1540 (support), a daily resistance at 1.1555 and a daily support at 1.1459 and a 2018 low at 1.1300 (support).

"I trade to make money not to be right."
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