EUR/USD
Mar 17, 2017 at 10:50
(bearbeitet Mar 17, 2017 at 10:52)
I wouldn't be too optimistic about the rate hike news given. Altho the market prices a fair chance for a December hike. As Brent is down from levels above 55$ since late Desember, Natural gas is also below 3$ with a dipping momentum. US oil rigs are picking up pace. Metals are flattening out. This could pushing PPI and inflation lower again.
Think back to the US rate hike news, it took quite some time from the door was opened for it, till the hike came. And the EU still have poor employment (EU-28 unemployment at over 8%) and risky economies (Greece, Spain etc).
EURUSD is very likely to be a capped by 1.0950-1.10 level for all of 2017.
Think back to the US rate hike news, it took quite some time from the door was opened for it, till the hike came. And the EU still have poor employment (EU-28 unemployment at over 8%) and risky economies (Greece, Spain etc).
EURUSD is very likely to be a capped by 1.0950-1.10 level for all of 2017.
forex_trader_338100
Mitglied seit Jun 21, 2016
898 Posts
Mar 17, 2017 at 13:57
EURUSD is losing 0.27% at 1.0737 and a breach of 1.0704 (low Mar.16) would open the door to 1.0650 (100-day sma) and then 1.0634 (55-day sma). On the other hand, the next up barrier is located at 1.0765 (high Mar.17) followed by 1.0829 (2017 high Feb.2) and finally 1.0873 (high Dec.8 2016).
Mitglied seit Jul 10, 2014
1117 Posts
Mar 17, 2017 at 15:19
EUR/USD formed three spinning top candlesticks on the four-hour time-frame at the resistance at 1.0780 and started moving to the downside. The retracement will likely continue at least until it reaches the support at 1.0700.
Mar 19, 2017 at 08:30
The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD is trading at 1.0738, losing 0.26%. I believe that support is now at around 1.0597, Tuesday's low, and resistance is likely at 1.0783, the high of Friday's trading.
Mitglied seit Apr 08, 2014
1141 Posts
Mar 20, 2017 at 09:08
On the last Friday’s session the EURUSD fell with a narrow range and closed near the low of the day, although the currency pair 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 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: the 200-day moving average at 1.0855 (resistance), daily resistance at 1.0819, daily support at 1.0713, the 10-day moving average at 1.0653 (support), the 50-day moving average at 1.0653 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: the 200-day moving average at 1.0855 (resistance), daily resistance at 1.0819, daily support at 1.0713, the 10-day moving average at 1.0653 (support), the 50-day moving average at 1.0653 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.
"I trade to make money not to be right."
forex_trader_338100
Mitglied seit Jun 21, 2016
898 Posts
Mar 20, 2017 at 09:43
At the moment EUR/USD is gaining 0.32% at 1.0772 facing the next up barrier at 1.0829 (2017 high Feb.2) followed by 1.0873 (high Dec.8 2016) and then 1.1300 (high Nov.9). On the other hand, a breach of 1.0726 (low Mar.17) would target 1.0704 (low Mar.16) en route to 1.0647 (100-day sma).
Mitglied seit Jul 10, 2014
1117 Posts
Mar 20, 2017 at 13:42
EUR/USD has formed a shooting star candlestick on the four-hour time-frame at 1.0780 as well as a hanging man candlestick on the weekly time-frame at the same resistance level - both are signals for an impending move to the downside.
forex_trader_338100
Mitglied seit Jun 21, 2016
898 Posts
Mar 21, 2017 at 08:54
At the moment EURUSD is gaining 0.51% at 1.0794 facing the next up barrier at 1.0829 (2017 high Feb.2) followed by 1.0873 (high Dec.8 2016) and then 1.1300 (high Nov.9). On the other hand, a breach of 1.0726 (low Mar.17) would target 1.0704 (low Mar.16) en route to 1.0647 (100-day sma).
Mitglied seit Apr 08, 2014
1141 Posts
Mar 21, 2017 at 09:03
On yesterday session, the EURUSD tried to rally but found enough selling pressure at 1.0771 to give all of its gains back to the market and closed in the red, near the low of the day, however closed within Friday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: the 200-day moving average at 1.0853 (resistance), daily resistance at 1.0819, daily support at 1.0713, the 10-day moving average at 1.0690 (support), the 50-day moving average at 1.0656 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: the 200-day moving average at 1.0853 (resistance), daily resistance at 1.0819, daily support at 1.0713, the 10-day moving average at 1.0690 (support), the 50-day moving average at 1.0656 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1117 Posts
Mar 21, 2017 at 14:11
EUR/USD bounced off from 1.0718 and moved to the upside after forming a doji candlestick at that level on the daily time-frame yesterday. The pair has broken above the previous high at 1.0782 and it's still rising, the closest target is likely at 1.0850.
Mitglied seit Feb 22, 2015
178 Posts
Mar 21, 2017 at 19:39
I think the EUR/USD is overbought right now. It should retrace soon
I trade Forex using my Bollinger Trend PRO mt4 indicator.
Mitglied seit Apr 08, 2014
1141 Posts
Mar 22, 2017 at 08:45
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Monday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: the 200-day moving average at 1.0851 (resistance), daily resistance at 1.0819, the 10-day moving average at 1.0714 (support), daily support at 1.0713, the 50-day moving average at 1.0658 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: the 200-day moving average at 1.0851 (resistance), daily resistance at 1.0819, the 10-day moving average at 1.0714 (support), daily support at 1.0713, the 50-day moving average at 1.0658 (support), a daily support at 1.0622, other daily support at 1.0527 and other daily support at 1.0462.
"I trade to make money not to be right."
Mar 22, 2017 at 11:47
The euro advanced against dollar. During yesterday's session the single currency gain 70 pips. The dollar is again very hesitant and during the day the pair was completely dominated on bullish sentiment. After opening rate of 1.0736, bottom for the day was recorded during the next hour and reached 1.0719 level. This ended the forces of bears and there was clearly seen the upward bullish trend. The pair recorded its peak level of 1.0818, and a few hours later session ended with exchange rate of 1.0806 dollars per euro. Shortly before lunch ended up the first break of support level 1.0800 was breached.
