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EUR/USD
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Cryptocurrency

Mitglied seit Feb 22, 2015  177 Beiträge Cuong Truong (Cryptocurrency) Feb 24 2017 at 21:27
It looks like a fake break out after all. The central bank is keeping the price of their USD up.
The price of $EURUSD will most likely retest that resistance line. I don't think it will hold, the price will then continues to drop to retest that support line.
Anlagen:

I trade Forex using my Bollinger Trend PRO mt4 indicator.
besttools

Mitglied seit Jun 21, 2016  898 Beiträge bestools (besttools) Feb 24 2017 at 21:48

At the moment the Eur/Usd is up 0.06% at 1.0587 facing the initial hurdle at 1.0618 (high Feb.24) followed by 1.0658 (20-day sma) and finally 1.0682 (high Feb.16). On the flip side, a breach of 1.0492 (low Feb.22) would target 1.0452 (low Jan.11) en route to 1.0339 (2017 low Jan.3).

snapdragon1970

Mitglied seit Sep 12, 2015  1843 Beiträge kieran (snapdragon1970) Feb 25 2017 at 15:45
Cryptocurrency posted:
It looks like a fake break out after all. The central bank is keeping the price of their USD up.
The price of $EURUSD will most likely retest that resistance line. I don't think it will hold, the price will then continues to drop to retest that support line.

I will probably get knocked out, 1% is my max loss, I will take another position at 0500 if we get down that far.

"Mistakes are the portals of discovery",James Joyce.
gustavoz

Mitglied seit Sep 15, 2016  6 Beiträge Gustaz (gustavoz) Feb 25 2017 at 18:00
Cryptocurrency posted:
EUR/USD price just broke out of resistance trend line. I'm expecting price to retest that line within the next few days.


Let's hope the trend is back to that line.

ruskif

Mitglied seit Sep 17, 2016  2 Beiträge Mill (ruskif) Feb 25 2017 at 18:31
snapdragon1970 posted:
We got a push through, next support 5600, I will take a long from here for a quick scalp.


My friend you are quite active in this trade.
Success for this!

snapdragon1970

Mitglied seit Sep 12, 2015  1843 Beiträge kieran (snapdragon1970) Feb 26 2017 at 18:49
ruskif posted:
snapdragon1970 posted:
We got a push through, next support 5600, I will take a long from here for a quick scalp.


My friend you are quite active in this trade.
Success for this!

It is good to trade when there is volatility, success to you too.

"Mistakes are the portals of discovery",James Joyce.
idimitrov

Mitglied seit Apr 09, 2016  421 Beiträge idimitrov Feb 26 2017 at 19:16
The euro was down against the US Dollar on Friday. By the close of US trading EUR/USD was trading at 1.0562, shedding by 0.18%. I believe that the support is now located at the level of 1.0492, Wednesday's low and resistance is likely at the level of 1.0637 - Monday's high.

Cryptocurrency

Mitglied seit Feb 22, 2015  177 Beiträge Cuong Truong (Cryptocurrency) Feb 27 2017 at 00:34
'banks had colluded in forex trading'
https://www.moneyweb.co.za/moneyweb-opinion/time-for-compcom-to-explain-effects-of-forex-scandal/

Well, let's just wait to see if the central banks will push the price of EURO up or down this week.

I trade Forex using my Bollinger Trend PRO mt4 indicator.
csc2009

Mitglied seit Apr 09, 2014  834 Beiträge csc2009 Feb 27 2017 at 02:01
Cryptocurrency posted:
'banks had colluded in forex trading'
https://www.moneyweb.co.za/moneyweb-opinion/time-for-compcom-to-explain-effects-of-forex-scandal/

Well, let's just wait to see if the central banks will push the price of EURO up or down this week.


Political uncertainty continue to pressure the Euro, let's wait for the central banks this week.

stian

Mitglied seit Nov 14, 2015  308 Beiträge stian Feb 27 2017 at 02:24
There is the Netherlands inquiry into leaving the euro as well.

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